. >>> begin with the market as well mike santoli is joining us with the dashboard. what are you watching as things lose metropolitan umm in this final hour of trading? >> dom, i mean, unfortunately some familiar levels getting retouched. we hadn't been down this low in close to six weeks i mean, to keep it simple story story is that a downtrend is in place until proven otherwise the rally off of that october low did not prove otherwise, right, it stopped right where it would have been gaining the benefit of the doubt if it had crossed above it didn't get there we're down in the s&p 300 points since the high on tuesday, after that positively received cpi report, so we sold the good news of the cpi, got through the fed meeting, and it still became a matter of worrying about growth and downward pressure on the big tech stocks. that stuff matters and back to that level of november 9th before we got that previous good cpi report in other words, you've unwound the relief from the positive declining inflation news, and now it's a little bit more about growth and year-end p

we'll send it over to mike santoli for "overtime. >> welcome to "overtime," i'm mike santoli in for scottust getting started at the new york stage micron earnings are about to hit the tape we'll bring you the numbers and instant stock reaction as soon as those results cross president biden and ukrainian president volodymyr zelenskyy are about to kick off a live news conference in washington. we'll take you live to

. >> exactly >> mike santoli. big week ahead for the u.s as mike mentioned, tomorrow we get november's cpi, consumer price index, the fed decision on wednesday, and november retail sales on thursday. joining us now, samir, it looks like we're getting a tick up in the markets. is this positioning ahead of the inflation report tomorrow? >> yeah. it is a reason you've seen rates falling. you've seen credit trends falling, the dollar falling, oil falling, which you pointed out all those are good for markets from the standpoint of they take the pressure out of the system with respect to financial conditions easing, and oil, you know, kind of being that double whammy of higher inflation and crimping the consumer. that's been a nice thing going into the holiday season. at least right now things are looking pretty rosy. the tricky part is probably the next 5% is driven where cpi comes in unfortunately after that, even if you get up to to that 4,100, 4,200 level, things get more difficult because as inflation comes down to

today on news of price cuts we'll talk about it with mark fields first, straight to the sell jot, mike santoli, mike, what is on the radar this afternoon >> pretty precarious, carl, 3800, there abouts, was under -- and it did seem to create some follow-on. we're flipping short really the unspooling of the nasdaq trade continues here's a two-year chart. we're almost back to a round trip it's around 3700 at the very end of 2020, is where we're going back to. that to me really represents a genuine reset in the markets though david tepper did is a we have an 8% annualized s&p, this is the defined down trend, the rally from october into november did not win back the benefit of the doubt. the question is, do we have to get lower and reset the. cars and homes, tough for the economy to do well when both are going in the reverse maybe there's some divergence between the housing sector and what autos are doing they were mostly in sync up to about two months ago mortgage rates got some relief nkts you see the likes of dr horton and home depot actually picking up a bit where allied, as well as carmax have

the american made chips bet from this administration let's get straight to the market downturn mike santoli tracking the market action mike, what are you watching? >> second straight drop in the saupd. relentless drip lower. we hit the lows of the day may be what is a relatively significant effort too make a bit of a standing. first of all, i'm tiredof seeing a trend line that's been happening for months the market keeps obeying it. everyone is watching it. that's where this rally halted for a moment, that's where we pull back from as of friday's close. that's the down trend line from friday around 3900, just above there. late in october highs, mid november lows. in order to keep the look of a market in some kind of recovery mode, maybe sitting above that is significant what i think is going on here, sara, you know goldilocks, neither too hot nor too cold, we have anti-goldanti-goldielocks it does encapsulate this fear. too hot, services, labor, inflation reading. the fed has to do more in the next several months. keep rates somewhat higher but they believe, the market believes that it's go

i'm mike santoli in for scott wapner we're just getting started in just a bit i'll speak with bank ofist about the sell-off in oil and where he sees prices headed from here a top technician bringing us his three best looking charts in the market right now we begin with our talk of the tape the late day drop into the close, stocks selling off in the final minutes of the trading session here you see th

send an e-mail you can tweet us use the hashtag grade my tdera coming up mike santoli has his midday word. we're back after this. >>> we're back on the half time report senior markets commentator mike santoli joins us right here for his midday word. my midday word would be good riddance not to you but to the year >> it's been kind of a grind even if it hasn't been straight down, we've been saying it's been range bound since may, i think it's tempting to kind of dismiss the holiday week, and we can't really say there's a quorum out there telling us what's happening couple things to keep an eye on. one is that bond yields are not going quietly. they're well below the highs it doesn't look like it's really, you know, a stress level for equities yet, but keep an eye on it as we try to figure out what inflationary expectations are wholesale gasoline prices bouncing so all these things we feel we've been able to shove to the side and say, okay, been there, we've figured that out, you have to figure there's been some factors next year. even if i think valuations are in a somewhat better spo

mike santoli is next with his midday word. right back [finger-tapping] if your work, works for your community, then you're on team earth. did you know your health has more to do with your zip code than your genetic code? that doesn't seem fair. we agree. but where you live determines access to doctors, green spaces and fresh food. that's why we grow our own. smart. we don't think it's right that some people are healthier than others just because of where they live. that's why we're delivering food to areas with less access to it, and helping schools teach kids about gardens. wish they'd taught gardening at my school. you would have aced it. introducing elevance health. where health can go. as an independent financial advisor, introducing elevance health. i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, alw

i'm mike santoli in for scott wapner you just heard the bell.arted from post 9 here at the new york stock exchange we are awaiting breaking quarterly results from fedex and nike, two marquee names that could give us a good read on the health of the economy. we'll bring you those numbers appea and the stock reactions as soon as the earnings hit. we begin with the talk of the tape stocks snapping a four-day losing streak just marginally. but it has been

. >> thank you mike santoli etsy is near the top of the s&p 500 today and the stock has doubled off the lows hit this year up next, we'll talk to the ceo about what's driving the strength of late and his early read on holiday spending you're watching "closing bell" on cnbc with the dow up 100 points (vo) hi, we're visible. a different kind of wireless company. in sports, catches are a good thing. wireless? not so much. so we don't do catches. with visible you get unlimited data for just $30/mo. switch now to get a five-year rate lock. not a catch in sight. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. >>> etsy shares in the green today. the stock is down more than 40% this year, but it's also doubled off the lows and the ceo joins us now the stock

senior markets commentator mike santoli joins us here with his midday word.r, too >> i'm a novice football commentator, though. >> what a silly choice of words on my part, but nonetheless a couple days we're trying to put something together here. >> a little reprieve again, i think you have to look at it through the filter of stuff that was making new lows coming into today, right so nasdaq and s&p now lows coming into today. high beta stocks relative to safer defensive stocks a little bit of relief there was some talk this is just mechanical activity we've been seeing right now, so much focus on these big hedged equity mutual funds that have exposure and keeping the market betf that stuff and clear of the noise to find out what the real setup is i still think people are pretty defensively positioned, and i think that idea that weak first half or weak first quarter of next year is the call. you know, maybe it's going to be a challenge. i think that's what we set ourselves up for and i think the fact january 3rd of last year was a 100% change in the complexion

chair powell's news conference will follow that mike santoli joining us next with his midday word theme you made a sale online was also the first time you heard of a town named... dinosaur? we just got an order from a dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. godaddy. tools and support for every small business first. ga-a-a-ap! oh... hi. what's this, a hospital bill? mm-hmm. for 1,100 bucks? ga-a-a-ap! looks like your wallet may need a sling too. tell me about it. did that goat say "gap"? he's talking about expenses that health insurance doesn't cover. eh-ehh-eh! well i'm talking about the money aflac pays to help close that gap. aflac, huh? aflac! ga-a-a-ap! aflac! gap... uh-oh! that duck can motor! get help with expenses health insurance doesn't cover at... aflac! ...dot com. >>> our senior markets commentator mike santoli has made his way to post what does the market need to hear today do you have a sense of, you know, what would really be desired? >> i think an acknowledgement by powell to progress made to some

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mike santoli is here to break down the crucial moments plus we have steve kovach on apple, and seema mody on the travel stocks. mike, it's been a rough hour, rough day, rough week, rough year it seems -- there's been some resistance for these tech stocks is lower is there any specific catalyst the nasdaq composite and high, so that's 9800 it has to get there, but we're unspooling a lot of -- there is some yearend selling , and the bear really comes for the apples of the world, the other stuff that had held up we're getting far along on the process where you couldn't have some place safe to high. hard to say that we are finished with everything, plus the news out of the cdc and china, the risks to economist growth are certainly not dismissed either, what it would mean, and they're stimulating. millions of cases that could be exported all over the world, and now we'll see travel restrictions pop up again in the u.s., potentially other places around the world, that's a hit. >> i would point out, it's not as if treasuries are rallying. that would be the classic playbooed. the yield is mod

volatility continues and growth investors seek any signs of a santa claus rally into year end, mike santoli joins us now with much more good morning, mike. >> not much evidence right now of any turn around in the weak trend so far this year in the last couple of weeks of the year a couple of big issues carrying into 2023 when it comes to growth and tech investing, which is the interplay between stocks and bonds. for a couple years i tried to argue rising yields are not the story about why growth stocks have been weaker or stronger but it's a part of the story here you see the long term treasury etf when this goes down, bond yields are going up, this is the price of the bond against the nasdaq 100 look at this divergence, nasdaq 100 down and an uptrend going on in longer term treasuries. we were at this level in late september, the nasdaq is 5 to 6% lower than it was then clearly the earnings growth declines, estimate declines for big tech have more to do with the weakness than rates at this level at this point. big question, broader context, growth versus val, a big comeback in value over g

it is down 20% in the last 90 days joining us now senior markets commentator mike santoli any tech companymoney losing, that's been absolutely dead money there's nothing really working great at all, but i guess what you're looking at is maybe things to our congressional committee talked about companies actually make money. they're not sexy that's kind of where people seem to be hiding these days. >> without a doubt that's been the theme for a while. feels that's where people feel somewhat more secure but that process has been under way a real long time the real speculative end of tech peaked over a year and a half ago. to be honest tesla's disorderly decline today 10% is really i think what caused the dam break within the last hour or so in the broaderindexes you have the s&p 500 that was trading in the vicinity of the week's lows, 3,800 it seemed like just to the lower end of the range, no big deal. that level goes back to, you know, you know, going back to the early part of november, seems to have some significance. and then just the nasdaq pressure kicks the s&p below that and it become

. >> up next mike santoli joins us with his midday word thinkorswim® by td ameritrade is more than aatform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. >>> all right, senior markets commentator mike santoli, there he is. what do you think interesting turn around in the market and still trying to figure out where we want to go but certainly looked like it was going to be a lot worse by the time we had this conversation. >> the ppi report this morning was going to be a bit of a test for the continued market sensitivity to every little incremental inflation number it seemed as if ppi typically is not the big one, and where it was hot was sort of palatable enough in terms of people not thinking it feed through cpi but also it doesn't co

>> we'll see you throughout the day obviously and i'll see you again in over time >>> up next mike santoliis midday word. plus the committee is ready to grade your trade we're answering your questions about the trades you have made you can send us an e-mail. you can tweet us as well we'll be right back. [newscast audio] hello, world. or is it goodbye? you know, it seems like hope and trust are in short supply. [clap] now, as businesses we can blame and shame. or [whistles]... we can make a change. [clap] we can make work, work for our communities. create more equal opportunities. [clap] maybe, just maybe, get a bit more unity. ♪ let's have less cancellation and more conversation. prioritize conservation. and... empower future generations! [clap] [chuckles] let's question again what we think we know. use our power and our people... to pay back what we owe! [clap] ♪ it's time for business to show its true worth. because it's not goodbye, world. it's hello, team earth. [clap] now, let's get down to business. >>> all right, we're back on the half time report there he is senior markets commenta

. >>> our senior markets commentator mike santoli is at the stock exchange joining us now for his middaynihan of bank of america, stephanie link was just talking about, cautious in the guidance, and the atlanta gdp up to 3.8. >> and that kind of captures a little bit of the in-between fix that the market is in. where there's anticipation that, you know, companies are going to have other shoes to drop and you're going to have to maybe wait until the january earnings reporting season to get a full picture of exactly what they're dealing with on the margin side. at the same time, current activity in labor, in services, and just the overall gdp level is not allowing the fed to be anything less than vigilant. that's the shape of the yield curve right there, which is, fed's got more to do, but we think either the hard way or a easy way, inflation will be taken care of. there are days when it seems like the hard way, and others where it doesn't i find it so fascinating, so many strategists are projecting almost no net movement or slightly negative for the overall s&p 500 next year, but always a

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mike santoli inflation is coming down on the headline numbers that's good news if you dive deeper, you see where the relief is happening. energy, you see this at the gas pump gasoline prices falling 2% from october to november. transportation costs also declined in november so did used cars and trucks. and airfares, finally, came down a bit. one other source of relief, medical costs, super important, make up 8% of the total number, they're declining as well. it is a good sign we're seeing actual declines here as well, and not just gains that are moderating, which was the story. on the flip side, there are spots where inflation remains stubbornly high. food, especially at the grocery store. that's still rising about half a percent. less than last month, but if you go through and look at the categories in the food basket, bread, cookies, muffins, cereal, all the products saw big jumps last month shelter prices, also problematic, they make up a third of the overall inflation rate and still on the rise too rents, big culprit here. but they tend to lag and there are early signs that rent co

♪♪ >>> mike santoli is back right now for his midday word.ay or what's your take here on, you know, yesterday and what we're witnessing now >> well, i mean i think both are reality. let's be clear about that. i mean the reaction to what powell had to say yesterday had a rational basis he chose not to explicitly push back against the market. he gave you a formula how to think about inflation. he said out loud that shelter inflation is a lagging indicator and something people have been screaming at the fed for a while. you do have a bit of a reality check today on the manufacturing side it showed you it was weak. some pretty friendly inflation data today with the dc as well as the ism manufacturing prices paid but the question is that still the clear and present danger or are we past fed worry and inflation worry and onto growth worry? so i think that's the fix we're in the two-year note yield cracks below 4.3. that was sort of a level where it goes back a few months and it seems it might be breaking down a fair bit, so it's still going to be a

i'm morgan brennan with mike santoli. at the new york stock exchange carl and david have the morning off. just getting a quick check on markets this wednesday morning modestly higher, the dow up about 49 points, the spp up .25%, 3839 and the nasdaq up about .4%. what's leading the gains tesla. other consumer discretionary names, other tech stops rallying, and health care and real estate as you have bond yields a bit lower across the board, mike. it is breaking news time, speaking of. we've got the housing market, pending home sales the national association of realtors says pending home sales fell 4% in november from october, declining for the sixth straight month we've got higher mortgage rates continuing to cool demands the measure of home sale contracts fell nearly 38% from a year ago mike, with my little false start right there, let's get your take on the markets as we see some of these areas like -- we're going to do three stocks that are moving i'm doing a bang-up job. >> 30 minutes into the trading session, we're wa

i'm morgan brennan with mike santoli. we are live from post 9 at the new york stock exchange.vid are off today >>> taking a quick look at markets on this final trading day of 2022. we are lower with all the major averages the s&p trading at 3819, down about 0.75 of 1% the nasdaq and s&p lower, along with tech stocks and communication. along with materials some names underperforming as of late, in the case of tech stocks, all year long, under pressure again today. >> they are. we are 30 minutes now into the trading session. here are three big movers we're watching, including china-based ev maker li auto said it expects to deliver 23,000 vehicle this is month, up from the 14,000 cars it delivered in 2021. that up close to 2%. shaw communications up african da's competition tribunal dismissed a case by the watchdog to block the acquisition by rival rogers communications. shaw rallying almost 10% on that news, and rogers up as well. >>> we're watching the biggest gainers on the s&p 500 for this year energy leading the way occidental topping the list there. up 115% on the year. hes

. >>> mike santoli will join us with his midday word you've got two minutes to go get your bag of clamsyou have a shellfish allergy we're back after this. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq ♪ ♪ a cyber-attack can grind everything to a halt. cisco security keeps your company moving forward. because if it's connected, it's protected. cisco. it's hard to run a business on your own. with shopify, you have everything you need to setup your online store, to connect with customers, and to bring your dream business to life. because when we work together, the future is bright. these days, your customers are not just down the hall. they're all over the world. so cute. it doesn't have to be lonely at the top. join the millions to finding success on their own terms. start your journey with a free trial today. >>> let's get your midday market word

mike santoli, hi >> i think on the surface you at least have to conclude that the s&p 500 has shown resiliencye to what one might have expected, we have kind of gone sideways from that period in december it's now 3, 3.25 to 3.3% also, the fed balance sheet is down by $400 billion 2023 earnings forecast cut by 8% so there's been a lot thrown at the market you've kind of stayed in that range. down here, stagflation, down here we're down ahead of recession, so i think it's a fair debate, but right now, i think that the expectations are so low for going into next year by the wall street strategists and professional investors, take a look at consumer discretionary the last six months, but it's neck and neck, equal weighted. it shows you there's just enough nominal growth that it takes a while to wear down. >> and then are the cyclicals going to behave better so those things are kind of a leadership profile. >> but that's definitely something -- really just took a dive early last week. >> mike, thank you >>> coming up, we've been talking about the market broadly. there's a big difference between whe

mike santoli joins us now. look at the stock's performance overall which we know hasn't been good -- >> been very rough that was a two-year chart, just barely up off the lows it's not materially too different from the path that's been taken by others such as amazon and netflix every one of them has something specific going on, right so it's netflix hits a wall in user growth, contend spend amazon pull forward in demand. whereas meta their perception is, it's a little more in the company's own control because it is the heavy spending on metaverse compromising earnings forecasts looking ahead. take a look at the valuation over the last decade of meta relative to alphabet as well as the s&p 500, and you show meta just cracking to a significant discount to the overall market that's if you believe the earning path for investors i think there's a debate whether it could be a value trap because earnings by the way are only supposed to spring back in 2024 not even to where we got to in 2021. so it's a long period of ea

let's bring in cnbc senior markets commentator mike santoli for more on what he's watching people talkingility and the vix points to that today. >> starting to clench up ahead of these known events. it's been unusually stable we're trading right now where we were in mid-may. also where we were the day we got that softer than expecte cpi number on november 10th. you've kind can of heldin plac but it's not because people are confident about the outlook. it's almost like they're equally doubtful about whether we've seen really downward momentum in inflation. the recession call for next year is almost not happening quickly enough for people's satisfaction that the market can just get it over with and price in an earnings decline i think that's why you see sentiment among strategists, among professional investors going into next year is very cautious almost everyone feeling as if there's going to be another gut check. you'll see earnings give way maybe there's going to be this moment of recognition in january. it's really the leading indicators of recession giving people that thought as oppose

back as we kick off the final month of the year this is the make or break hour for your money i'm mike santolira eisen. pulling into positive territory preserving the 3 president 1% gain from yesterday so far you see the dow down quite a bit. down almost half a percent a good chunk of it, about half of it is src

the year that would really be a shock i think for the markets, but certainly possible >> up next mike santolih the midday wd.or half time will be right back stick around you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. >>> mike, what is the midday word today >> well, today, prian, i think it's one of those days where the relatively muted reaction by u.s. markets to what happened overnight with the bank of japan might be more of the story than any, you know, kind of broader impact in other words, the potential macro jolt we got a 4% move in dollar yen exchange rate today. it didn't initially cause much spill over except to put a floor over treasury yields, actually global yiel

. >> that is mike santoli. does it for us have a great evening i'll see you back here tomorrow. "fast money" is now. >>> right now on "fast," another sea of red dropping more than a percent the index on pace for the worst december ever. more to come in the new year plus, tiktok is on the clock even the latest roadblock for the video sharing app isn't enough to give meta a boost. the unstoppable stock lost its shine. so bad it's -- fill in the blank. we are back with another round of your newest favorite game traders have brought their picks for next year and the chart master is here i'm melissa lee. this is "fast money. we're live on the desk, guy adami, steve grasso, carter worth 2 1/2 years of gains gone, vanished, kaput. the nasdaq breaking through the lows of the year it is 4% away from its pre-pandemic record and it's no surprise that the biggest hits have come to the biggest stocks. amazon, apple, alphabet losing trillions of dollars in market cap combined this year just a few trading days left in the year, are we in for more losses what does this tell you, guy, the willin

i'm mike santoli the s&p 500 is around 2%, it's been in that 3850 zone for a couple of hours. some of the largest stocks in the nasdaq are leading the way, playing catchup. you see the nasdaq up about 2 2.5% look at some of the names leading for now, some of the more beat-up ones. we have tesla up 6%, illumina, is bouncing today as well. coming up on today's show, market expert tom mcclellan says there are some encouraging signs for the nasdaq in the new year, if you know where to look. he will join us soon to explain all of that. plus, the inside scoop on tesla, elon musk sending a letter to staff telling them not to be bothered by stock market craziness, but how do employees feel about it? we've got the details. >>> let's take a look at how this rally on the day, this comeback that gets us positive for the week, shapes up in the broader context here 3800 on the s&p has been pretty sticky in the last couple of weeks. the second half of december normally strong. hasn't really shown up until today. signs that some of the year-end selling of the losers' portfolio, the manicuring

mike santoli joins us with more. >> the nasdaq peaked 13 months ago, speculative tech peaked 9 months ago that entire period, tech growth, more speculative parts of the market have been on the down side the rate hikes and higher bond yields have not uniquely impacted technology. this is the tech specter spdr against the equal weights of consumer discretionary it's basically the same chart. the weight of consumer discretionary does not give access to tesla and amazon which trade in tune with tech. mostly what's going on is valuations coming down across the market and earnings estimates have been coming in. if you want to talk about cuts to earnings estimates for next year, meta, you know, alphabet, alphabet down 20% from the early part of this year for 2023 earnings nvidia down 40%. my point is it's earnings estimates going down that are the bigger problem than yields parts of the market are outperforming. look at semi cap equipment relative to software a stark gap. it's happening in all parts of the market real stuff, capex related areas, machinery in general doing better over virtual

downside, maybe there's more air to come out >> i'll see you in a few hours for your last word that's mike santoli. >>> up next, we're finding opportunities in the market. we'll talk to carrie autbo hard-hit stocks and the exact ones she is looking at now we're back right after this. >>> welcome back i think carrie had some buying opportunities that she thinks may exist in this market let's talk about some of these stocks you like. paypal first republic fortive. amex, web tech, schwab pick one or two out of there >> yeah, okay. i'll give you one on, i would say both sides align the a stock that we bought recently i think maybe two and a half to three months ago stock was down, you know, 65, 70%, was down from 700 to 200. leader in clear liners big market for them is china so they got really crunched with covid shutdowns in china and it's a tech stock. but also, technology stock came down 25 or 26 times next year's earnings. we think there's a lot of potential, still leader in the field. and if you're looking for a growth name, and it's still growing and aeearns money, that the name we would like a

mike santoli let's hit the consumer staples we're seeing a number of them make all-time highs.pbell's soup. unilever is hosting investor day. one of the many companies wrestling with offsetting prices without losing consumers we're joined in a cnbc exclusive by unilever's ceo, alan jope >> great to see you again. >> you're talking to investors today. you're in the middle of a transformation of the business there's been some pressure to perform. where are you in that process? >> well, that's right. we've got 88 of our investors right above where i'm standing now. we've been taking them through the progress we're making on transforming the business. we've been busy the last three or four years. first of all, we reinstalled appetite for basic operational excellence in the company. we've done a lot of portfolio transformation we got out of spreads and ts and expanded into luxury beauty, health and well-being. thirdly, we have a map where we're going to invest. we radically simplified the organization of unilever the theme of today's investor event is we're ready to invest it's time

i'm mike santoli the s&p 500 is around 2%, it's been in that 3850 zone for a couple of hours. of the largest stocks in the nasdaq are leading the way, playing catchup. you see the nasdaq up abou

back as we kick off the final month of the year this is the make or break hour for your money i'm mike santoli in for sara eisen. pulling into positive territory preserving the 3 president 1% gain from yesterday so far you see the dow down quite a bit. down almost half a percent a good chunk of it, about half of it is salesforce. take a look at salesforce getting slammed, weighing heavily on the dow, good for 90 points on the downside at the moment this is after the departure of brett taylor we'll have more on that move just ahead. >>> also on today's show, we'll speak with the ceo of kroger fresh off earnings before the bell and testimony earlier this week in the cincinnati surrounding the pejd nding deal we started -- october 13th was that one low it sprinted up here, kind of pointed out that this downtrend line for the entire year, the market peeked on january 3rd of this year and it's still declined down 15% here you have met that line. it was also in the vicinity, closed its 200-day average there's some inklings, that the market is trying to gather itself up, feasting on a little bit of a

i'm mike santoli in for sara eisen. where things stand in the market s&p down a little over 1% at the moment the dow slightly outperforming nasdaq small caps still pressured to the downside, underperforming on the day. the ten-year note yield is higher it could have something to do with equities being on their

this is the make-or-break hour i'm mike santoli the s&p 500 sitting on about a 2% loss. that gets it down to where the rally started during jay powell's public remarks last wednesday. not quite that low the nasdaq continuing to underperform bond yields up a little on more sturdy data. it's in the cyclical parts of the mark although utilities, the yield sector getting hit as well you do have things like financials particularly getting hurt as well as consumer discretionary and energy coming up, we'll talk about china's changing covid policy and the impact on the market and relations with the u.s., joined by eurasia group founder ian bremer later, jason furman says the fed may have to g higher with rate increases than people currently think. he'll join us to explain why let's take a look at today's action in the s&p. this is a very logical point for the sellers to really show up and try to get somewhat aggressive in talking about how this rally off the october low looks a lot like in magnitude and character what we got from june into mid august it went down the trend line

talking to co-founder of bluebell capital first to the market desk as always with commentator mike santoli. real estate just joining consumer staples and health care in the green definitely a theme there. >> there is. definitely a little defensive tale at the market certainly a bit on edge. a rough start to december. november and october also started on the weak side so doesn't mean it's how the whole month will go. certainly broken this mini upturn had going since mid-october and fairly cracked below it as of yesterday's close. a lot of things people are looking for can it create a bit of a shelf around the 39 level if you're bullish, want to see that keep in mind, every other time rolled over from a lower low went on to make at least a marginal new low the seesaw we're on. look at this chart that maps out what the market historically has done after the final rate hike of the fed tightening cycle. from bank of america here. the middle line here shows the average. this is months before and after the final hike so there's the final rate hike, the zero line. 14% higher on average. this is 13

mike santoli is here to break down the crucial moments of the trading day as always. , the fed market reaction feels very indecisive to me. we're down, we're up, we're actually climbing, down 113 on the dow and three sectors have gone positive. they're the defensive, recessionary type stocks which jives with the fact you're seeing bonds catch a bid, jeldz below 3.5% and the dollar is weak what's your take >> i will say today's s&p moves have been entirely within the range the last two days. not a big change in overall outlook. for growth, for inflation, for mroim, it all seems like a lower chance of a soft landing greater inflation even with that they'll have to have rates higher the market is not just taking that on face value the market seems to have greater faith there was down side momentum and the fed will go slowly toward its target of 5% on the fed funds rate or maybe it won't get there and maybe will cut thereafter. in the comments powell really did make it clear it wouldn't be weird to step down 25 basis points in february and maybe that's all they do for a wh

i'm mike santoli in for sara eisen.e is where things stand in the market s&p down a little over 1% at the moment the dow slightly outperforming nasdaq small caps still pressured to the downside, underperforming on the day. the ten-year note yield is higher it could have something to do with equities being on their back foot as well. here is the scorecard for the year on the major averages the s&p 500 has been bumping along that down 20% area, we are actually just under that right now. we will see how it actually closes out the dow has been a big out performer with a lot of the big defensive names as well as some energy on today's show we will talk to former spotify executive turned capitalist michael mignano about the technologies he is watching in 2023. plus, what is new year's without a countdown? all hour we are revealing the top five most searched tickers on cnbc.com this year. some of the names may surprise you. we will kick off with number five in a few minutes. first though, let's look at what the year has looked

see you tomorrow that's mike santoli. "fast money" is now. >>> carvana crash. shares tumbling 35%. the stock down 98% this year what other pandemic high flyers could be headed towards the scrap heap plus, turbulence for travel stocks, everything from airlines to airbnb. is this another sign that consumer spending is running out of steam and berlin boom. a trader said in september it was time to bet on germany raise a sign and throw on your lederhosenen the best of the s&p 500 big time is it time to say good-bye we are live. we start off with another deep drop in shares of carvana. stock in the used car dealer plunging as much as 47% clockk the worst day on record. it closed the session under $4 a share. it was $240 at the start of the year the move comes with speculation growing that they are headed towards bankruptcy the largest creditors reportedly pledging to work together in debt restructuring what does that tells us about these one-time high flyers let's be clear we have been on this carvana story for a long time all the way down karen, the debt had been signaling this. >> rig

there's any kind of disagreement between equity investors and what the commodities are telling us >> mike santolivice. >>> happy new year, mike. >>> there's some more fallout from the collapse of ftx, authorities revealing they took control of $3.5 billion worth of digital assets that ftx markets shortly after it filed for chapter 11 bankruptcy in november, they did so based on information provided by founder sam bankman-fried and concerns he raised about potential cybersecurity attacks against the exchange they're suing cryptogemini offered customers up to 7.4% interest rate. partner genesis global is a crypto lender. genesis was unable to return crypto assets that it returned effectively wiping out anyone who still had holdings in that program. failed to register those assets as securities in accordance with law. >>> coming up, we'll talk to arkansas governor hutchinson, to ban tiktok from government's devices. it's hard to run a business on your own. make it easier on yourself. with shopify, you have everything you need to sell online and in person. you can have your inventory, payments, and c

this is the make-or-break hour i'm mike santoli the s&p 500 sitting on about a 2% loss.re t

that's mike santoli with his last word. "fast money" begins right now. >>> right now on "fast," a redmond as wall street drops for the third straight day banks, energy, and a number of retail names among the biggest losers is it time to say so long to the talk of a santa claus rally? >>> plus, shfz brain drain for the second time in a matter of days, a top exec is stepping down last week co-ceo breath taylor today slack founder stewart butterfield. is there more to the changes than meets the eye >>> washington and weed. the senate working on a bipartisan bill for businesses to bank, get loans and more. the big market moves in the space coming up. i'm melissa lee. on the desk tonight, karen finerman, julie diehl, dan nathan and the market seeing the worst losses in a month with the nasdaq leading the way down nearly 2%. the s&p dropping for a third day in the row the dow schetting more than 480 bounties only one stock in that index, boeing able to pull off gains today. meantime, treasury yields were back on the rise, spread

i i'm mike santoli in for sara eisen.e in the s&p 500 to start the day it clawed its way back bond yield jumped, moderating as

we'll talk to mike santoli at the new york stock exchange.stocks immediately sell off and yields pop a little bit on the decision. everyone seems to think if powell were to lean one way, hawkish would be that way. but there's still a risk he could open the door to use some language about needing to soften the pace, depending on how the data comes in or something to that effect. >> without a doubt, kelly. he can certainly acknowledge progress in various areas on inflation. those that he laid out not too long ago in that speech that the market took. there is that opening. i think what the market is initially reacting to is not just the higher projected fed funds rate that it's going to get to next year but in combination with the economic inflation forecast the committee put together so growth is going to be worse than we thought, half percent gdp growth that's the closest the fed will get to predicting recession. and meanwhile, core inflation higher than we thought so that combination is unsettling. if they think inflation is even higher while

i i'm mike santoli in for sara eisen. there is a 1.25% decline in the s&p 500 to start the day it clawed its way back bond yield jumped, moderating as well the nasdaq composite still underperformer, large nasdaq stocks still provide something pressure but even that has eased up the russell 2000, early sign of some of the recovery today and is outperforming here is a look at the action for the week, the maj averages poised to lock in gains after wednesday's power pop. that comes after two strong months coming into this week as well coming up on today's show, we'll talk to the ceo of a stealth winner this year, steel producer new khcore which is up today we'll find out what's driving the outperformance in that space. plus, we'll talk to the analyst who says elon musk's first delivery of a tesla truck last night is putting the other semimakers on notice let's put the market moves for today and the week into broader perspective. we clawed our way up in the s&p 500, up toward this level that represents exactly where the old 20