saira malik, chief investment officer at nuveen equities gave us her assessment.kets bar for those hoping for a rate cut in march, and there's two reasons why the fed is being cautious. number one is inflation in the us, which remains sticky, driven by services and wages, and employment markets that remain quite healthy and given inflation employment markets and a strong us economy, the fed is not in a hurry to cut rates. however, we still see two rate cuts in 2025 but it will be a backend—loaded year for rate cuts. will be a backend-loaded year for rate cuts.— for rate cuts. you mentioned structural— for rate cuts. you mentioned structural factors _ for rate cuts. you mentioned structural factors going - for rate cuts. you mentioned structural factors going on. | structural factors going on. how do you think the fed is weighing up trump's how do you think the fed is weighing up trumj exacerbate policies, so it may exacerbate issue of the us economy the issue'oftheus'economy strong, which the issue'eftheus'economy strong, which is a good :-:=e {for the economy 77

that's the power of nuveen. >> for the fourth consecutive year. the fastest growing prime brokers and is now number five in preqin's ranking of top prime brokers. interactive brokers serves both organizations and individual investors to get better results, get a better platform. the best informed investors choose interactive brokers. >> final trade is sponsored by interactive brokers. the best informed investors choose interactive brokers. >> final trade time. >>> final trade time, tim? >> solid domestic, wait for it, rasum. airlines with going higher tomorrow, delta. >> karen? >> baba. >> i knew. dan? >> american airlines plays catch-up to united. >> guy? >> dell, mel. >> thank you for watching "fast money." see you back torw omroat 5:00. "mad money" starts right now.ba 5:00. fast money with jim kramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market some where and i promise to help you find it. mad money starts, now. >>> hey i'm cramer, welcome to m

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that's the power of nuveen. >> experience. the power of cnbc pro.portfolio from every angle on one optimized platform. become a smarter investor with the power of cnbc pro, go to cnbc.com slash get pro now. >>> welcome back to "fast money." we've got an earnings alert on alaska airlines. the airline just reported earnings, earlier than expected. the first full quarter since the hawaiian airline deal ebeau is . >> the earnings parade continues for the airlines which had huge numbers in the third quarter. alaska no different. earning 97 cents a share. that is more than double what the street was expecting at 44 cents a share. revenue coming in better than expected at $3.53 billion. the revenue per seat mile was lower than expected, and the cost per seat mile was greater than expected. that's really the only thing you can really quibble about in this report. then, there's the guidance for the first quarter of this year. smaller than expected loss of 50 to 70 cents. the street is expecting a loss of 72 cents. and for the full year, the guidance is great

that's the power of nuveen. >> the opening bell is brought to you by nuveen, a leader in income alternativesnvesting. >> the federal reserve, gearing up for its first meeting of the year, expected to hold rates steady this week. jim likely to get asked about some of the president's comments about tariffs yesterday. >> yeah, i think that jerome powell knows how to punt better than anyone i've ever seen. i mean, he's i just think he's just not going to take the bait. i think he's going to say, listen, we got to see what happens because it's such a fluid situation. by the way, i think people at home should recognize that. it's not like we know everything. things are so fluid that, for instance, the don't mention i just talked about rtx. well, rtx has this terrific drone killer system, which they've shot down a huge number of things. well, maybe the president wants the drone killer and a lot of off the cuff comments, and you can't react to all of them. so i think that jay powell would be best to say, you know what? we have to wait and see. >> back to your comment earlier in the week that not eve

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that's the power of nuveen. >> the opening bell is brought to you by nuveen, a leader in income alternatives responsible investing. >> all right. >>> all right. let's get to our mad dash. they've already started the cheering here at new york stock exchange. where we going? would you want to do? >> i want to talk about ford. looks like there is inventory issues. david, there's two markets right now. there's two economies per the housing market which we are not getting that great numbers from and then there's autos which the numbers are terrible. including by the way on semi and an xp. and then there is this ford which is emblematic to me of the fact that there are still partial economies that the fed can help. and we are not focused on that right now. we are focused on all the exciting things going on in washington. these companies, i know the president wants to make it so that mexico loses capacity and it goes to america but that would be there for high cost. >> in a race cost without a doubt for the american consumer. in the crosshairs is this value trap. >> value trap. >> yes. because it s

that's the power of nuveen. >> this is before we go.says it's closing all seven of its warehouses in quebec, the canadian province move, which will eliminate about 1700 full time jobs in the montreal area. 250 more temp roles, spokesperson said the decision was made following a recent review of operations in the region. but a canadian labor union, which successfully unionized one of the warehouses there, is accusing amazon of shutting operations to fend off that organization. quebec was the only location in canada with unionized amazon employees. >> i don't know about. with that, i want to give a shout out to amazon. i'll tell you what. the plows were not out. it snowed here today. you know who was out? the amazon delivery person? no plows. the amazon delivery person in a giant rivian. >> it's snowing in quebec, so good luck getting those packages. and thanks for watching. power lunch closing bell starts right now. >> kelly thanks. welcome to closing bell i'm scott wapner live from post nine here at the new york stock exchange. this mak

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that's the power of nuveen. >> the opening bell is brought to you by nuveen, a leader in income alternativese. last mad. >> dash of. >> the week. >> of course, we got an opening bell coming up in a couple of minutes. >> texas instruments reported numbers. >> stock looking down. it looks as. >> though. >> jim, it's. >> focused more on core industrial and automotive end. >> markets not being that strong. people keep wanting texas instruments to be something other than it is. it's an industrial company. very good. but 20% of the business in china, by the way, loved in china and why people think they can divorce themselves from the end market, particularly of auto and industrial, is crazy. you're going to have joe henry, the ceo of csx, joining us later. you know, he said, what's weak? automotive. interest rate, sensitive things, housing. you know, texas instruments is an industrial company and it trades like one. and these analysts keep thinking it's going to trade like the texas instruments of 1982 84. they ought to get with the program. i think the texas instruments is very forthcoming. they

that's the power of nuveen. >> the opening bell is brought to you by nuveen, a leader in income alternativese investing. >> it's been a busy week for netflix, already up 7% for the first few weeks of the year here. leading the s&p got an upgrade today out of wolf of course those monster sub numbers. and then jim they're leading the oscar nominations today amelia perez with 13 is going to make it the most nominated non-english film ever. >> the content is in. that's what the call was about was the content and engagement. if you have great engagement you it's from this great content. it doesn't matter what country it's from. this is indicative of a network, so to speak, that is not distracted by problems involving linear. >> managing linear. >> that was incredible. but you know, look, i mean, i read their conference call for two reasons. i first read it because i want to know the numbers. the second i furiously write everything down so i can watch it. it is the most entertaining of all conference calls. it's joyful the amount of people want to watch it, the fact that there are only 10% of the

that's the power of nuveen. >> the opening bell is brought to you by nuveen, a leader in income alternativesible investing. >> let's get. >> a look at the. >> opening bell this morning in the. >> cnbc realtime exchange at the big board. it's reach out and read bringing books to children in new york city. and at the nasdaq gets her. >> first hundred k. >> a female focused financial. >> literacy company. >> as we. >> take stock of how. >> you think. >> the market has. >> handled this wave of news. >> this week? >> well. >> look. >> i think, of course, we're about to be going into the real gantlet with with tesla tonight and apple, but i'm seeing some some definite things that interest me. if you offer value at a price, take a look at breaker today symbol e i've got covid tonight. royal caribbean yesterday a carnival value at a price is winning. and that's something that i'm very excited about because, you know, one of the things that we've been concerned about, david, you know, this is inflation. and yet when you look at the inflation beaters, which are companies that offer you evaluative prem

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that's the power of nuveen. >> the opening bell is brought to you by nuveen, a leader in income alternativesesting. >> all right. >> last opening bell of the week coming up. but we got enough time for a mad dash. last shares are going to be up sharply. >> symbol team i think that people look to enterprise software. when you think about that you think about salesforce workday servicenow which stock was down yesterday. because because the federal business is going to be more back ended. well, this is collaboration software makes it so that you can collaborate better with your customers, collaborate better with your teammates. it really does work. i had them on a bunch of times. but i will tell you this, david, it's the beacon, the growth hounds in the market always want to have the high multiple rule of 40 kind of stocks. palantir. yep. right. which is i told you is going to 100 no matter what by hook or crook. but atlassian's is a really good company. and everybody i know who's on it, young people tend to be on it, and they're putting the older people at the office to shame because they work

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that's the power of nuveen. >> the opening bell is brought to you by nuveen, a leader in income alternativeshe economy is strong. the labor market is solid. downside risks to the labor market appear to. >> have abated. >> and we think disinflation continues on a slow and sometimes bumpy path. that tells me and the other members of the committee, the broad sense of the committee actually, is that we don't need to be in a hurry to adjust our policy stance. >> that was. >> fed chair jay powell yesterday after policymakers. >> decided to stand. >> pat on rates. >> and, guys. >> if you were looking for. a clue about when they were going to cut next or how they're thinking about that timeline, you just did not get one. this was a pause. no news. >> kind of presser from fed chair powell. >> there wasn't. >> a big immediate move. some people thought that. >> the statement looked. >> a little more hawkish. >> because they. >> moved on. >> inflation language, saying. >> that it's. >> starting to move toward target. >> but then fed chair. powell played that down in the news. >> conference and said we w

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that's the power of nuveen. >> the opening bell is brought to you by nuveen, a leader in income alternatives responsible investing. >> what's more dangerous. >> is they have the best open source model, and all the american developers are building on that, right? that's more dangerous because then they get to own the mindshare, the ecosystem. if the entire american ai ecosystem look, in general, it's known that once open source is caught up or improved over closed source software, all developers migrate to that. >> that's the ceo of perplexity with our deirdre bosa earlier this month on the dangers of deep seek and the open source model for the ai ecosystem. jim, some say that's the bigger debate this morning is what it means for open source. >> yeah, i know that. again, that's to not to i don't want to front run mark zuckerberg. but what he's saying i would say that we do have tremendous chip allocation problems here. and i know that david. we if you have open source, would you think that you do not need as many chips? >> not necessarily, but necessarily i mean, again, we don't fully know. i

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that's the power of nuveen. >> first on cnbc. ceo hans vestberg earnings outlook and opportunities for growth, plus investing legend mario gabelli where he's putting his money to work. now gina costa... looking simply stunning... what's this? she's opening her fidelity app.... to buy that stock... with no fees or commissions... because what does gina got? gina's got the look. that never gets old. talk about easier investing. during our vera desk sale. >> 15 from the bell back to christina. now for the stocks that she is watching. hi, there. >> electric or electronic arts? ea shares plummeting 17% right now, marking. >> their steepest. >> decline since the great recession in 2008. the gaming company, warning. >> that its financial results will be weaker. >> due to slower sales of its. >> soccer game. >> that would be ea sports. fc 2025. >> that's soccer. >> in the uk. >> and its role playing. game dragon age. >> wedbush calling shares dead money for another quarter, but sees a rebound once the company provides a release schedule f

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. >>> the opening bell is brought to you by nuveen a leader in responsible investing. >> let's get tosion as we will do most of this week. you will be speaking to the ceo of eli lilly in a little bit and you want to make it the focus of the mad dash as well. >> yeah, i think you will see a level of growth that is unheard of, some numbers to be put out that are really what you would get at 10 years. $25 billion. initially people will sell the stock because they think it will miss the fourth quart. the fourth quarter was etched in stone that it would not be as good. it is hard to have a surprise when we already knew what they were going to do and it was in line. i subject that people listen to the interview with david rich and figure out what 2025 will be. >> let's give some numbers here because we have not shared the actual news. they put out revenue guidance, 2024, q4, $13.5 billion, about $400 billion below the low end of recently issued guidance, one reason the spock may be down. they are talking about 2025 revenue in the range of 58 to $61 billion, brother at 32% at the midpoint co

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. >>> the opening bell is brought to you by nuveen, a leader in income alternatives and responsible investing. >>> been a wild ride for bitcoin, surging past 109k to a new all time high in anticipation of a possibly friendlier regulatory environment during the new trump administration. since the inauguration, the cryptocurrency pulled back from record highs, though, jim, some discussion yesterday about no mention in the early addresses from the new president. >> yeah, i thought that was curious because i know that you once talked about the reserve, strategic petroleum, like, reserve for bitcoin. i thought it would come up. we heard other coins come up, but not -- >> trump's own coin and the first lady's. >> what do you make of that, jim, the issuance of these memecoins by the president and the first lady? i mean, potentially worth many billions. tens of billions. >> right. i don't know where it really fits in. staggering. i thought it was staggering. of the things that occurred, of the many things that occurred, that was the one i found very curious. there was a lot of money involved and you

>> announcer: the opening bell is brought to you by nuveen. >>> a.i.ives us robots that are prommed so well, they do the work of five people. a monster wage of wage inflation. robots will replace people in restaurants and retail and home building and transportation, medicine and insurance. trump won the election on the hard deportation policy. assuming it is through, you have widespread restoration. >> jim naming a.i. robots and productivity to go right in 2025. you and i were talking. it is an exciting time. >> i think monday night will be exciting. that is when jensen huang will give his ces speech. by the way, the robot is taking the place of five workers is an actual fedex depot. they are ready. i think jensen is going to shock people and i think some of the enthusiasm we will see into the bell has to do with what jensen will say monday. >> can you still buy nvidia after a $2 trillion gain market cap last year? >> the market is very sloppy here. >> we're opening up, to your point, opening bell. here at the big board. professional bull riders league

. >> announcer: the opening bell is brought to you by nuveen.tives and responsible investing. >>> all right. let's get to it before the opening bell. amd is the mad dash. >> a piece by goldman sachs. really, really good one. it really has a wide ranging both on capital equipment and regular semis. we reduced the 2025 revenue for amd by 10% to 11%. you know you can't own a semiconductor stock with hot numbers. >> revenue growth estimates. >> that's very, very negative. a lot of that is the u.s. they have not been able to accelerate what they're doing in the data center. [ bell ringing ] >> it's not good for anything. >> let's get the opening bell here on the exchange with the big board. delivering meals for those in need at the nasdaq and technology. a io-tech focused on heart valve replacement. focuses odd d on the ipo. not a surprise, jim? >> i'm looking for situations that remind me very much of what happened in the horrible hurricane andrew, carl. this was in 1992. incredibly vicious destruction. 63,000 homes. damaged 100,000. it was $27 bill

ahead of the number let's bring in our jobs panel, sara malek, head of equities and fixed income at nuveenute and our own steve liesman and rick santelli. steve, did we get your estimate. >> consensus 155, i think it's interesting whether or not there's some down side weakness that reignites this idea that maybe the fed might cut in the first half of the year. >> rick, i think anything that a lays inflation fears -- what what are you thinking? >> if we don't get negative job growth i agree with you, i think inflation issues and general supply debt issues around the globe are going to take preference. my guess on this number would be close to steve's, right around 160,000, close to expectations. i pay particularly close attention to average hourly earnings. i think that that gives us some types of glimpse into the topics of inflation. it isn't correlated there, but obviously if the incomes remain on the high side, there's going to be an issue potentially down the road to continue to monitor higher wages and that all feeds through into higher prices. >> all right. here we go. nonfarm payroll

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