i'm melissa lee, coming to you live at the nasdaq. on the desk tonight, tim seymour, steve grasso, courtney garcia, and guy adami. we start with a crude awakening. the move coming after the u.s. warned houthi militants against further attacks in the red sea. opec pledging to maintain support of oil prices. the rise in crude helping the energy stocks rally. the sector the best performer today, accounting for 9 of the to 11 stocks in the s&p 500. so, tis this sector about to ge its moment in the sun? guy? >> when you put letters together -- >> acronym? >> thank you, tim. >> words. >> words. >> great place to start. >> and we're going to do that again this year. >> i can't wait. >> what was their name? >> who? >> dawn. >> that was years ago, tim i mean, we went from hope to dawn, last year was mojo. energy is -- and listen, last year, ups and downs. i'm convinced again this year, it's going to have its day in the sun. you look at xle, for example, it's sold off. but not nearly to the magnitude that one would have thought, given the fact

i'm melissa lee live from studio b object desk on the, bonn win eisen, courtney garcia, and guy adami. and a record two years in the making, s&p 500 up more than 1% today, locking all-time high, this has not happened since january 2022, the dow setting a new record, up nearly 400 pints to -- points today, 5% from its all-time high. the chip etf jumping 4%. notching best week since last may, the sector accounting for ten of the top eleven s&p stocks this week, how much further can this bull run go? it seems to defy gravity, defy expectations, guy? >> if you've listened to me, i apologize, number one, this desk has been cleksively bullish i have not. i'll say this, so much of today was predicated on a couple things, consumer sentiment, came out much better than expected, on the back of interest rates going lower, which i think people view as a good thing, which i totally understand, be careful about that, number one, and number two, a huge option next, that karen can talk about at a as well, that probably fueled a lot of late day, a lot of entire day rally, with all that said, i mean, p

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight, tim seymour, dan nathan, guy adami, and mike khouw. we start off with a season that might confirm last year's megacap tech rally is truly in the past, shares of apple sinking 3.5% for its worst performance since last september. the stock closing at its lowest point since mid-november. barclays caught it to an underweight, citing concerns for demand for the latest iphone. it wasn't just apple under pressure today. check out the moves of the other big names. netflix, nvidia, meta, and more all dragging the nasdaq to its worst first day of the year since 2016. >> wow. >> meantime, investors seemed to flock to one of the most beaten down sectors of last year, that would be health care. the group was the best performer in the s and p. so, is apple's drop just a sign of natural rotation in the market or does it send a more ominous signal? guy? >> okay, let's get the happy new year stuff out of the way. >> i'm not done. i reserve the right to say happy new year all week

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, courtney garcia, dan nathan, and guy adami. netflix's big beat. they added 13 million subscribers. they announced a big bet on live events earlier in the day. the conference call kicked off 15 minutes ago, an earlier start than usual. julia boorstin has been listening in. >> that's right. the call is under way. netflix kicking off the earnings call by talking about the wwe deal it announced for "raw," saying this is a great fit for them, because the intersection of drama and sport, what they called a sweet spot of sports entertainment. they said that wwe has been historically underdistributed internationally. and they have pretty broad international rights. but they did say this does not signal a change to netflix's sports strategy. they had no comment on whether they would be interest in nba rights. so, seems like looking for the other opportunities. this all comes after the company reported faster than expected 12% revenue growth on a big subscrib

we'll explain i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- carter braxton worth, bonawyn eison, dan nathan, and guy adami. >>> first up tonight, eli lilly up 70% in the last year. they announced the launch of lilly direct, a direct to consumer website that allows patients to order sezepbound rit from the company. shares of novo nordisk, which manufacturing rival wegovy held onto its gains, jumping 4%, closing at a record. so, did lilly just change the game for the health care industry? how will the stocks respond? guy? >> i don't know if they changed the game. clearly, they are onto something. i think other companies will act in kind. and you saw in terms of wba, walgreens/boots alliance, which had its own issues, that was clearly under pressure. in terms of the price action we just mentioned, that's the story today. traded big volume, closed lower on the day after making a new all-time high. i want to be crystal clear. eli lilly, we've loved for years. you had opportunities to buy this stock on dips a number of times a

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- steve grasso, karen finerman, bonawyn eison, and guy adami. the dow closing above 38,000 for the first day ever. it took 25 trading days iffer the plus chip index to jump 1,000 points. the s&p closing in on record territory for the second session in a row. and the nasdaq hitting its highest in over two years. the bullishness extending to popular consumer stocks, too. uber, chipotle, costco, marriott, and visa. the names standing out over the last year with massive gains. what kind of message is this run in consumer names sending us about slowdown worries? and i'll go to the worrier in chief on this desk, guy adami. >> that's me. >> this segment of the market is telling us something. >> telling them, people feel good about things, obviously they've seen headline inflation come down, they've seen interest rates come down. there hasn't been really a market event for the last five or six months, meaningful, at least. people feel good about things. unemployment rate

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, steve grasso, and guy adami. we start with a countdown to the big bank earnings. the sector has been on a tear, heading into the reports. jpm is up 20%, trading just off an all-time high. citigroup filing an ak in just the last half hour to give insight what we could hear from them. a reported $1.7 billion charge in the fourth quarter due to an fdic assessment and additional 780 million does charge from restructuring, which includes receive rage packages. so, what else could we expect to hear from these reports? guy, the bar was set high with the runs. >> really high. we'll throw up a jpmorgan chart to go back a few years, you'll see we're trading at prior all-time highs. we're also trading at about 170%ish of book value, north of two times tangible book, which, for jpmorgan, gets a little bit extended in terms of valuation. people will look at it price to earnings. i don't look at it that way. just in terms of price to book and tangible book. given

i'm melissa lee. on the desk tonight, tim seymour, karen finerman, dan nathan, and guy adami. we start off with the apple upgrade that sent shares jumping today. analysts at bank of america raising to a buy from a neutral, saying new a.i. features could drive a refresh. the firm putting a $225 price target on the stock, almost 20% higher from here. the call sending apple shares up more than 3% on the session. their best day since last may. but it wasn't the only tech name rocking. shares of taiwan semi soaring nearly 10%, hitting their highest level in almost two years. that after the company posted better than expected revenue and profit for its latest quarter. the moves pumping a little mojo back into the broader markets with the nasdaq leading the gains, pulling into positive territory for the week. but is the optimism around big tech getting ahead of itself? it feels like -- it feels like, guy, just two, three weeks ago, we were saying, oh, nobody's going to buy new iphone, they're going to hold only their devices longer, china is a real problem, semiconductors have an inv

.>> this is fast moy,ne with melissa lee, right here on cnbc. [ music ] welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. ♪ ♪ ♪ ♪ ♪ ♪ >>> buzz kill on humana, the health insurer sinking 11% after reporting numbers less than half of what analysts expected. the move came a week after the company warned that costs are running higher than expected in the fourth quarter with shares at their lowest level since april 2020. yes, this is an example of a stock going down on the same thing, even worse than a couple weeks ago.>> even worse than if they had said nothing a few weeks ago and only sai

. >>> i'm melissa lee live from studio b tim seemo, steve grasso, dan nathan and julie beale on the desk tonight. >>> apple with a big drag. much more on that coming up. >>> electric adoption is showing signs of fatigue. phil lebeau takes us inside the numbers. >> a lot of people were asking, what is wrong with the ev market? >> it's growing, just perhaps expectations were getting too frothy in terms of how quickly it would grow. look at the growth compared to '22 and '21. it's been steady. it might get close to 9.5%, 10%. tesla is the stock i want to show you. sales overall deliveries were up about 33% worldwide, up 25.4% in the u.s. they've had steady growth, especially when it comes to the model y and the model 3. has the dominance eroded? yes, largely because there's so many other evs in the market right now. this is the comparison of evs versus hybrids. hybrids have outpaced evs over the year. evs are about $so,000, on average, more expensive than hybrids, at least at this time. you have tesla at 55.1%, then hyundai, kia, gm, ford, volkswagen. they're all growing their sales, but wh

i'm melissa lee with steve liesman along with mike santoli. u.s.ur look to continue the gains made in the technology. nasdaq is opening higher by 131 points. s&p is adding 119. we are talking about key levels. strong day for semiconductors which many see as the economic indicator. >> apple and semiconductors were a large story yesterday. the largest highest quality mega cap stocks. a divergence again. it does seem as if you had enough of a push there. 4,800 is the intraday high. 4,818 is the all-time

i'm melissa lee with steve liesman along with mike santoli. u.s. equities at this hour look to continue the gains made in the technology. nasdaq is opening higher by 131 points. s&p is adding 119. we are talking about key levels. strong day for semiconductors which many see as the economic indicator. >> apple and semiconductors were a large story yesterday. the largest highest quality mega cap stocks. a divergence again. it does seem as if you had enough of a push there. 4,800 is the intraday high. 4,818 is the all-time high. we are flirting with the same levels. if you open here, you are in the zone of the closing high. >> nasdaq 100 in particular. already at the high. >>> treasury yields is creeping higher. the ten-year yield at 4.14%. it is amazing the yield and how much it moved in the week. it has the chance of the fed rate cut go down a little the bit and you see the old bplaybok resume in the play to safety. >> i'm interested in the fed rhetoric has clawed back a bit of the optimism out there about rate cuts. i have a chart on that if we can

. >>> this is "fast money" with melissa lee, right here on cnbc. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. >>> welcome back to "fast money. ibm shares jumping after big blue reported a big beat on the top and bottom lines conference call kicking off top of the hour. kristina partsinevelos has been listening in kristina, what's the latest? >> well, they're just going through all the numbers right now. q&a hasn't really started. but the key word is solid. solid growth solid results. but as usual, revenue was driven by software and the consulting business since it contributes 75% of total revenue the ceo tell

melissa lee is in miami beach at the global alts conference for a special edition of fast money.ineup you got tonight at 5:00. tell us about it, melissa. >> sorry you couldn't join us here, tyler. we are here at the hotel in miami beach for the global alts conference. it is a who's who of hedge fund managers and wealth managers and asset locators all together in one place. we will be joined by founder and ceo brad gerstner to lay out what to expect out of big tech earnings. alphabet, and microsoft. tomorrow we will find out where he sees tech heading next. we will also hit the sports betting boom on the back of the listing. draftkings investors, rick heitzmann will weigh in on this debut and something a little spicy. the cofounders of a hot sauce company, how they landed an investment from kim kardashian and we will do a taste test of our signature blend there. a jampacked two days for us here in miami beach. >> that sounds fantastic. >> i use truff. >> oh, good. melissa, we will be watching. >>> is now the time to get in on the sock? our trader will tell us how he is positioning

i'm dominick chu in tonight for melissa lee, coming to you live from studio b at the nasdaq market side. on the desk tonight, tim seymour, dan nathan, guy adami, and rebecca patterson. we'll start with that sea of red on wall street today the dow dropping nearly 400 points at its lows, though it closed well off those levels the nasdaq ending a six-day winning streak the moves coming at the be benchmark ten-year treasury yield jumped, as christopher waller sparked uncertainty over interest rates waller saying cuts are likely to happen this year, but indicated the fed should take its time in bringing those rates down. it counters the street's hopes for more aggressive rate cuts throughout the course of this year so, how seriously should investors take waller's warning? guy, let's start with you. >> well, great to have you here, dom. thanks for filling in. people should be happy, i think, that fed rate cuts are not going to happen as soon as the market anticipates. quite frankly, it's when you start cutting rates is when you have to worry about the market but i think they should be worried

good afternoon, everybody, i'm tyler mathieson in for melissa lee. coming to you live from the studio b at the nasdaq on the desk tonight, steve grasso, karen finerman, and guy adami. welcome, folks >> welcome >> you're the man, ty. >> good to be here, my friends we start with stocks trying to mount a late-day rebound major indexes all closing, though, well off their lows of the day, with the nasdaq erasing most of a 1.6% decline, ending the day down half a percent. the dow finished just about a quarter of a percent lower but take a look at rates the two-year popping nearly 12 basis points, biggest jump in over a month and closing near its highs of the day the move causing the yield curve to reinvert sharply. and then there was this warning from jamie dimon over in davos >> i think it's a mistake to assume everything is hunky-dory. it's kind of like this drug we all feel, it's just great, but remember, we've had so much fiscal monetary stimulation, so, i'm a little more on the cautious side that we are facing a lot of things in '24 or '25. >> i just

. >>> breaking news tonight as we kick off "fast money" live from the nasdaq market site, i'm melissa lee. in just the last hour, a roller coaster of news for the bitcoin markets. the s.e.c. appearing to send a tweet just after the market closed that said it granted approval for bitcoin etfs to list on all registered national securities. the x account saying today's approveal provides investors wih efficient access to digital asset investments. but minutes later, gentzler himself tweeted that the post was sent prematurely, saying, quote, the s.e.c. gove twitter account was compromised. the s.e.c. has not approved the listing and trading of spot bitcoin products. let's go to kate rooney with the very latest. >> hey, melissa. we did get that tweet, that x post by the s.e.c. official account, an s.e.c. spokesperson later emailing saying the s.e.c.'s account had been compromised, the unauthorized tweet regarding bitcoin etfs was not made by the s.e.c. or its staff. you mentioned gary gentzler. i just spoke to one of the issuers with anapplication out there, they said that they were in a bit o

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i'm courtney reagan in for melissa lee coming to you live from studio b at the nasdaq. on the desk we have tim seymour, steve grass co, mike khouw. >>> the money center gets getting things started. citi bank up half a percent after reducing the workforce by 10% over the next four years. wells fargo seeing its worst loss since last may, logging a billion dollar charge related to severance costs. with the big banks in the books investors turn their eyes to next week when we will see results from investment firms, regionals and names in tech, industrial and energy. we wondered which of these names will give us the best read on what's in store for the markets and the economy this year. tim, you get to kick us off. >> we will stay with some banks because we will hear the regionals and credit cards. dfs, discovery, i care a lot about what's going on with dq and nco trends. what's going on with the consumer? will we hear more? certainly their audience would be the folks that might start to give some insight into this that. this is a company that there's new leadership, argumen

the next two days, i'm melissa lee, joined on set by dan nathan and guy adami. great to be here, right? >> excellent. >> it is a monster event. a whose who of vcs, wealth managers. here's what's on tap tonight. big tech on deck. more than $10 trillion worth of market cap reporting earnings this week. will the results add fuel to magnificent seven's fire? we'll find out with top tech investor brad gerstner. why he says one of these high flying names has even more room to run. plus, we're counting down to wednesday's big fed decision. will the central bank lay the groundwork for a rate cut at its next meeting? we'll get thoughts from goldman sa sachs. >>> and later, place your bets. flutter entertainment making its debut on the new york stock exchange. we'll talk to an investor in rival draft kings for the outlook on sports betting. it's great to be here. we'll get to that in a few minutes. but let's kick things off here in miami beach with the funding announcement that fueled a late-day rally. both the s&p and dow notching reports at the close. the s&p closing ab

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. with begin with boeing. shares tumblingal the midair incident friday night on an alaska air jet. that emergency led the faa to grounding 737 max 9 planes until safety inspections of all of them are completed. phil lebeau has been following the story since late friday night. he's here with the latest developments and the ripple effects across the industry. phil? >> we're waiting to see if there is a statement from boeing regarding the news from united, which we'll talk about in a little bit, about united finding loose plugs, or loose bolts in some of the fuselage plugs it has inspected in its fleet. here's where the investigation standing right now. it's all about the fuselage plugs. these are essentially doors that are not operational doors anymore. they're inside of the fuselage, they're put there by spirit aerosystems, which manufactures the plug and the fuselage. the plane in question, the one that had t

i'm melissa lee coming to you live from studio b at the nasdaq. on the desk tonight, tim seymour, karen finerman, dan nathan, and guy adami. >>> a major real-world ripple effect in the ongoing armed conflict in this critical shipping channel. tesla announcing it will suspend most of its ev production at its berlin factory due to the impact on shipping costs and the supply gap. let's get to pippa stevens with more on this, and reports that the president could be addressing the troubles in the middle east tonight. >> that's right. biden is reportedly set to speak tonight, according to "the times of london," right after pm sunak held a call with his cab net this afternoon about the likely hood of a british and u.s. military strike against the houthis in yemen. this as reuters reporting that tesla is set to halt most operations at its factory in germany for two weeks. tesla is the first company to halt or slow output due to the conflict, but as more tankers reroute around the tip of africa, it's adding time and cost for shippers and companies. shippin

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