if i'm so interested because today michelle bowman who, of course, is one of the dissenting fedheads has felt from the federal reserve that maybe we should back off from dropping interest rates again in december because, specifically she said she sees greater risk to price stability due to the fact that the inflation process of tamp thing it down appears -- tamping it down appears to have stalled. >> well, it's speculative the at this point, liz. we don't know the amount or even the types or categories that they would apply to whether it's a blanket tariff. so it's tough for me to speculate on this, but again, we're going to work to serve our customers and members with everyday low prices in the very best way that we can. liz: you know, the president-elect, obviously, has talked a lot about one of the top priorities being to lower the corporate tax rate. have you modeled for that? is that something that could really add to your bottom line? >> well, we think -- first of all, today we pay a corporate tax rate of about 25%. i think having lore taxes is obviously constructer -- lower co

there was no dissent by the fed governor michelle bowman and they will continue to consider adjusting the funds rate, and looking at the data and the rix s -- risks and the outlook adds well. and the mandate is higher inflation or higher unemployment, but it is seeing the risks as roughly balanced, it says, and the economy is expanding at a solid base, and the same language of last time, and the markets have generally eased where in the prior statement they said that the market was better or a characterization than it had been, and inflation has made progress to the 2% market, but it remains elevated. it removed the line that the committee has gained confidence that it is moving toward 2% and i don't know what that means or where it is going to, and it is going towards the goal of the 2% target or the dual mandate. it says the market is uncertain, and reducing the balance sheet. kelly, that is a waveless or splashless quarter point post election cut. >> well, it is a little bit early, but you are right. steve, stick around. we will turn to the panel for more reaction and of course to

we also hear from several fed officials including michael barr and michelle bowman.e.o. interviews you will not want to miss. furst up and -- ed bastian point and david solomon is on money movers at 11:00 a.m.. >>> the markets coming off a positive session as investors shifts focus. nvidia's earnings after the close. let's bring in jenny harrington, also a cnbc contributor. jenny, how much enthusiasm do you have for nvidia today? >> i feel like i am the perpetually wrong person to ask. i always think it is overvalued. by the way, no knock on the company. i just think there is a lot of positivity baked into those shares. again, i am a dividend manager whose use values. >> where are you finding opportunity and value? >> beneath the surface of this market we have seen tremendous amount of chaos. one of the stocks that we just added is canagra, down 9% since the announcement was made that r.f.k. jr. was going to leave health and human services. why? because he says things like mcdonald's is poison. what you have saw our fast food companies all traded down dramatically on

michelle bowman is due to speak today after the fed cut of 25 basis points.t the latest consumer sentiment figures out of the u.s. at 10:00 a.m. eastern time. we are looking out for earnings from paramount global before the wall street open. traders will watch rivian after the third quarter earnings miss. rivian to replace nvidia will r in intel. it has been a week to remember politically and also from the equity market front as well. before we go, let's give you another look at how u.s. equity are shaping up. all of the majors here, the 500, dow and nasdaq are flat. stay with us here on cnbc. that wraps up "street signs." stay with us. "worldwide exchange" is up next. i'm dan murphy in abu dhabi. enjoy your weekend ahead. your business needs a network it can count on... even during the unexpected. power's out! -power's out! comcast business has you covered, with wifi backup to help keep you up and running. wifi's up. let's power on! let's power on! -let's power on! it's from the company with 99.9% network reliability. let's power on! power on with the leader

michelle bowman suggests progress on inflation has installed. we will talk more about that and that does take us to our talk of the tape. let's welcome chief investment strategist, liz ann sonders. let's talk markets. you say the momentum favors, correct? >> it does and momentum as an actual factor has been dominating and the good news is i get questions about doesn't this alarm you because the last time momentum was dominating as a factor was the late 1990s but the fundamental factors most highly correlated to momentum now are things like strong balance sheet versus in the late '90s the factor most correlated to momentum were varying links. i do think there is a bit of frothing us that does not suggest a problem but it does mean if there is some sort of negative catalyst, the pain can be more serious. >> it is funny you say that because picking up a bit of steam, chris from strategic says equity flows are starting to bubble. one of the tactical rex we see percolating for early 2025 is sentiment. there is a reason why sentiment is positive and a

there was no dissent by the fed governor michelle bowman and they will continue to consider adjusting the funds rate, and looking at the data and the rix s -- risks and the outlook adds well. and the mandate is higher inflation or higher unemployment, but it is seeing the risks as roughly

we hear rom a string of officials including fed michelle bowman, boston president, susan collins todaywhile the u.s. department of justice is expected to propose final remedies for google in an antitrust search case, and it is nvidia they come in case you missed it. the chip giant set to report third quarter earnings after the market close. >>> welcome nvidia stock to rise by 5%, tuesday, re- anointing the firm is the world's largest company by market cap ahead of one of the most hotly anticipated earnings releases of the season. the court of revenue has seen a surge by more than 80% of the year, according to estimates, for sales of its blackwell chips in the spotlight amid reported overheating issues. been what is with us, chief analyst inside, ben, thank you for joining us. it is a great set up, the market analyst, saying look, we can see what this one might look like, because it is quiet earnings season and as a result we can see the options trading, the viewers a and half percent today on the back of numbers, which is interesting, because my first question to you is going to be, wi

. >> we heard fed governor michelle bowman say that progress on inflation has stalled. given the headlines that steve policeman just brought to us, does it sound like that was factored into the discussion in the last meeting? >> i think there is starting to be a little difference of opinion among fed officials. i think powell and a number of others on the committee are feeling pretty optimistic about inflation with some of the more hawkish members like governor bowman starting to question a little bit. >> steve, what are you seeing on that front? are you seeing those echoes we heard from the fed governor? >> when they say almost all risks balanced that may mean that it's just bowman or maybe bowman and a couple others who are a little more concerned about inflation. but i think the operative phrase, i was just rereading it, contessa, to make sure i presented it correctly. i'll just reading it to you. in discussing monetary policy participants indicated that if the data came in about as expected, with inflation coming down to 2%, the economy rating their maximum employme