p. david has worked as a puerto or not army for 30 years here in better. she long as busiest commercial hub, it's narrow streets and alleys. how's a large part of the wholesale commodity trade making the not tommy, indispensable. that david and hundreds like him have little to show for their efforts. danilo and we on a daily wage we only have verse, no extra benefits. but given the current situation, what we make is not enough. we're not blaming anyone but with everything increasing and price. it's very difficult to manage. and why of these men appeared between $5.10 view, a sense for each item. they move and make an average of between $7.00 to $10.00 a day. and it's not only here exposed to the sun and the rain that workers have to deal with hard working conditions. tens of thousands of women walk in crammed faces on production lines like this in factories throughout the country. those worthless stablished, industry leaders enjoy better working conditions. but literally a single mom who worked for a leading company had a different experience. marley deck

p. david stokes. have the action ah, the 1st ever formula one ration saudi arabia is not we'll move to get in a hurry. from the moment mc schumacher crashed on lap 10. it was almost impossible to keep up with several more incidents followed and the rate had to be reached started 3 times with the momentum constantly shifting between the title contenders . there was hamilton started on pole, but after the stoppages it was championship made up match for stepan, who found himself out in front. hamilton was quick about and he made his move only for the stepan to block him legally, ah, for staff, and was an old to to let hamilton passed. but as he slowed, hamilton went straight into the back of him damaging his front wings. ah, the mercedes garbage wasn't impressed, but both cars were able to continue abashed up and did eventually let him by. hamilton took the victory and picked up a bonus point for setting the fastest lap it means after $21.00 races. the 2 drivers are both locked on exactly the same points

joining us to discuss, cnn political director, host of the cnn "political briefing" p podcast, davidhalian. great to see you. what is the tone the president needs to strike here? he needs to, you know, sort of light a fire in some ways, but this is likely the last thing that he wants to be doing leading into christmas as the commander in chief, be making this speech. >> yeah. if you asked white house aides, how would you design this final time he addresses the american public this year, it wouldn't be to once again plead for people to get shots or plead for patience as it relates to another surge in coronavirus cases. yet, that's where this president finds himself. remember, we're just three weeks past when president biden gave a big covid speech about his action plan to combat a winter of covid. here we are, three weeks later, and he needs to do it again to keep up with the facts on the ground of what's happening with omicron. so this is not at all the way that this white house wanted to close out biden's first year, but it is worth noting that this is a presidency that's going to b

it is back to 1990, when david wilson. the s&p up on your watch as you exit today from bloomberg.d. it was an opportunity to kind of take a career summation, looking at markets and really trying to get a sense of how they performed over my time at bloomberg. what is interesting is when you look at u.s. stocks, and i chose the russell 3000 index for a broad look, relative to any of the other nasdaq classes that i focus on, international stocks, u.s. bonds, international bonds, money markets, commodities, there is just no contest. no wonder the phrase there is no alternative, known by tina, became so popular over the last few years. you are talking about a 3000% increase in the russell 3000. of course, that reflects reinvested dividends, very much part of that vix, four times the gains we saw internationally in the ex-us. lisa: this does highlight the divergence and global economies. i wonder from your perspective how much this is really just a change in tech and the predominance of it, really led by the united states. dave: that is a big piece of it, no doubt you'd given the influe

david: if you look at the bottom right of your screen the dow is doing very well today, the s&p is atve gone out of their way, the people empowered to suggest there will not be more lockdowns and we may have more mandates. is that why the market is doing well and will pass relatively quickly. >> as long year you have the tenure added dollar 40, the tenures going to go up as a function of interest rates in the inverse relationship and the level of interest-rate and stock market in the stock market will continue to go up as long as interest rates stay low. if interest rates go over to a half look up a low until then it is sunny skies. david: there is a price to pay as the fed buys up the government debt to keep the interest rates low, the prices of inflation, how much more can consumers take if inflation before they. back there purchases? >> it becomes a self-fulfilling prophecy, negative sentiment if you get more mandates and more inflation it does become an issue, obviously 70% of our economy is consumer spending, that being said the fed as we know is painted into a corner, we know th

david thank you very much for joining us for such a comprehensive view of the sector david beeter, vice president of moody's p. >>> the hong kong listing has been shelved after it was placed on an investment blacklist over alleged human rights abuses. the group said they're rejecting what they called unfounded reports. >> sense time has postponed its i.p.o. making an announcement saying it will publish a supplemental perspective which will update the listing time timetable. they remain committed to completing the global offering all subscription moneys will be released to investors in full. they failed to price their shares last week the latest developments come after the u.s. treasury department last friday placed them on an investment blacklist. the chinese military industrial complex companies list over alleged human right abuses this prohibits the purchase or sales by any investor. so it would directly affect silver lake and fidelity sense time issued a statement on saturday saying we oppose the designation and accusations made in connection with it. the accusations are unfound and reflect a fundamental m

david, wall street using the s&p 500. almost every major player on s&p 500 to grade their work.hat is how you get bonuses, market your material. you're dealing with individual investors. they are seeing the s&p off half a point, stocks in the portfolio routinely down 20, 30, 40%. how does the communication go, hang in there even though it looks worse, like we're underperforming? >> you know, really make a good point and this is a year where the major market averages don't tell the story of the pain going on underneath the surface. look, when you have a pandemic, you have inflation surging, you have tax uncertainty of course you will have a flight to safety. that is what you saw. we saw investors fleeing to roughly five big technology names that were responsible for a roughly of a third of the market gains since the beginning much the year, more so since the spring. that is this year's story. there is seasonality going on. the cathie wood story is a good one. she was a rock store. could no do no wrong when oil getting hit. this year with oil no one wants to touch her. small growt

p up. coming up, nathan sheets, citi's global chief economist is joining david westin on "balance of power.bloomberg. ♪ >> from the world of politics -- >> i look at this as we are on the 50 yard line, we will get this done. >> to the world of business -- >> there is a lot of reasons for optimism. as much as they feel the pressures many see a robust outlook for next year. >> this is "balance of power" with david westin. david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we will start with a check on the markets. joining us is kriti gupta. monday way down in the equities, tuesday came back, today meh. kriti: markets asleep at the wheel. people want to get the spread to hopping of the market. right now there is no incentive. the stocks market is on cruise control. you are seeing the s&p 500 both

oil jim cramer and david faber have the morning off we're coming off the s&p record close on thursday, the 68th record close the 2021. our road map begins with airline stocks flying lower, with the surge of covid cases leading to thousands of cancellations. >> plus another rough day with chinese tech stocks. and elon musk's close encounter. we have the details. carl >> guys, that omicron variant pushing daily cases to its high it's level in nearly a year and disrupting company, including airlines, 2,000 flights have you canceled since christmas eve they're all under pressure this morning, scott, leading to a discussion of what is a reasonable quarantine time, and speak from personal experience, believes it's more mild and people should be able to get back to work sooner than later. >> back to work, back shopping you know, to your point, the quarantine period is open for debate everybody from dr. fauci has been talking about the severity of omicron, and how quickly it's spreading, what it alls means. you mentioned the fact, okay, we think it's less severe, and that's the reason why you

david fawcett and his partner anita compared star's plight to baby p, the 17—month—old boy who died inu don't want another baby p on your hands, do you?" and she said, "how do you mean?" so anita said, "well, just think about it, you know, that little baby p a couple of years ago. he got let down by social services so we just want you to go see what the problem is here." but that was it, we never heard a thing. theyjust said the case was closed and that was that. star's own mother and her partner lied repeatedly about how she had been hurt while subjecting her to a horrific campaign of abuse. frankie smith and savannah brockhill deprived their little girl of sleep and played cruel psychological tricks on her. pretty gin. — you're a spoiled, pretty girl. star hobson was anything but spoiled. and if you want to - keep your kneecaps... amateur boxer brockhill was routinely violent towards star and called herself a psychopath. she is with the number one psycho. to me she wasjust pure evil. ijust can't believe she could do something like that to a baby girl. she ascended from the bowels of

. >>> good wednesday morning welcome to another hour of show show morgan brennan and david have the morning off. s&pdow 36.5 as we continue to watch record covid cases and the continue sweep more tolerant than years past >> we're already three minutes into the trading session starting with tesla. shares off initial highs following news that elon musk sold another $1 billion of the shares, nearing the 10% target that name up more than 50% year to date. and didi down as it moves to delist in new york shares down more than 60% since the ipo earlier this year. and well end with the nation's largest egg producer under pressure after reporting earnings below forecast with a bottom line hit for higher costs of packaging and labor that stock down about 6% in a rare earnings report this week >> and meantime, cnbc is out with a new quarterly stock report polling participants in how they think the s&p will perform next year, with more than half saying they'll be up less than 10%, while less than 2% will hit similar gains to this year, up more than 20, of course. of course that number's more close to 30 on a to

david asman in for neil cavuto. the santa rally is here. the best start to the santa claus rally in 20 years. already lifting the s&p 500 to an all-time high today. it is on track for its third straight record close. our market experts are here with what you need to know for 2022. plus we have former republican louisiana governor, presidential candidate, bobby jindal and former trump omb director russ vought. i will ask them about a hidden tax you might not see coming but businesses better watch out. first to our top story today, the u.s. reporting a record breaking amount of new covid cases, over half a million and president biden appears to be telling the nation's governors the fight against covid is in their hand, not the federal government's. fox news correspondent rich edson is in rehobeth beach, delaware. good afternoon, rich. reporter: david this is president biden's first full day this week at delaware shore in rehobeth. the president met yesterday before leaving the white house virtually with a number of governors. one of the things he said this is primarily a state fight here. the federal government is the

jonathan: david kostin and that he met goldman looking at 5100 on the s&p next year.f things get dicey, can the fed doing thing about it -- do anything about it? kailey: even in the face of the market clearly being upset about uncertainty around the omicron variant, the fed maybe playing catch up era's we are faced with these kind of numbers in the u.s. jonathan: throw in the things kailey is talking about, you wonder how much the fed has got ahead of it to slow this economy down with him economy with a 69 handle on the ism. tom: the partial differentials is you want to bring the inflation component over to real economic growth. as you mentioned earlier, the most important statistic last week were boom ism numbers. that is the bet right now. a lot of people saying growth is there, it is real. inflation will subside. another group saying the growth isn't really there and will ebb away. jonathan: here's the price action this monday morning, up 18 on the s&p. advancing zero point 4%. the nasdaq 100 was down 0.6% and some. right now down zero point -- right now down a qua

p 500 at record highs. thanks so much for joining us. "kudlow." ♪. david: hello, everyone, welcome to "kudlow." the biden administration's regulatory war on american capitalism is threatening to worsen, not improve inflation. and that is a according to democrat larry summers who wrote on twitter, and i'm quoting, the emerging claim that antitrust can combat inflation reflects science denial, ouch. there are many areas like transitory inflation where serious economists can differ but

jos in uonneli, and again here tomorrowni evengit wh david oobrks and jonatcahan pertha. for all of u ts athebs psurth, ank you, please stay safe, and we'll see you soon. aj>> mor funding for the pbs newshour has been provided by: >> for 25 years, consumer llul haras bn eeoffengri no-cacontrt rewiless plans, degnsied to help pe eopldoor me of what thikey le. our u.s.-basused ctor meservice amte can help fi pnd alathn at fits you. to learn more, visit www.consumercellular.tv. >> johnson & johnson. >> bnsf railway. t>>he ford founondati. working with visionaries on the frontlines of socialng chae rliddwe. felidity wealth memanagent. >> and wthith e gooning support ofhe isenstitutions anfrndies of the newr.shou >>hiprs ogram was made poss bibley e thcorporation for publicad brocainstg. and bytr conibioutns to your pbs statioomn fr vweiers like you. thank you. caniptiongpo snsored by newshour pctroduio, nsllc ptcaioned by media accessup gro awgt bh acssce.wgbh.org ♪ ♪ >>> hello, everyone. welcome to "amanpour & company." damning ildetasnd a a signift icanmontme into the nuary 6th insurrection. why th

breather from the past three days of gains stocks near two-week highs and the s&p awfully close to the november 18th record davidrst heard the word "omicron" and we just got back to it yesterday can. >> and what's notable has been apple, which i continue to watch and we continue to watch as it gets closer and closer to 2.9 trillion dollars in market value at this point. up yet again i thought that outperformance versus the s&p over the last month is really amazing. 15% gain on the s&p as it sort of far surpasses the perform of the broader market over this last month >> yeah. and morgan stanley commenting not just on the surprise app store. but names it a top pick for 2022 by the way, the magic number in terms of price, if you're watching, know this, dave, 1826 would give you to $3 trillion. some of these numbers are difficult to get your head around >> the scale of these bus businesses, and obviously, if you when you talk about an apple and an alphabet and a facebook slash meta, youand amazon, you'e talking about a global scale, the likes of which we've never seen and it's reflected in those numbers and the unde

david faber and leslie picker. morgan brennan has the morning off. s&pto a third day and we look for some more tools in the toolkit to fight covid. >> that's right. merry christmas eve eve. we're about 30 minutes into the trading session. here are three movers we're watching today starting with nicola, shares getting a boost after saying it completed delivery of the first electric vehicle and more were on the way. the stock still down more than 30% year to date >>> jd.com shares sliding on news that china based social media company ten cent would distribute its stake to shareholders in the form of a $16 billion dividend las vegas sands with company operating shares in macau rising following the end of a 45-day public gaming result that might hurt industry profits. >> thanks. another name we're watching this morning is merck with the fda authorizing its covid-19 oral antiviral pill meg tirrell has the latest, they're both approved, pfizer and merck. >> we saw the second clearance just in the last real hour from the fda for merck and ridgeback's molnupirav

david, i hope you don't have a flight on the 23rd like dummy me does? >> not on the 23rd, liz. liz: let's talk about the fact the s&pan buy slices of it, specific sectors, correct? >> that's correct. you can buy the growth portion. you can buy the value portion. of course the s&p 500 is a blend of market capitalizations and styles but we have favored, and favor -- the growth component and that you can buy that through rpg as an etf or spyg which own the growth component of the s&p 500 which has gotten beat up a little bit here on news what the fed might do tomorrow but we still think has further to go. liz: what is specifically in the pure growth invesco s&p 500 part of this? >> well the reason we like it, you know the problem that we've seen, we've seen this rolling correction or stocks within the nasdaq and tech stocks that are off, 30, 40, 50% over the last 30 to 60 days, we've seen what happened with the meme stocks, what we're looking at here is, more quality growth. what we consider those blue-chips, like the "faang" stocks. stocks that have more reasonable pes, good balance sheets, good earnings growth and wi

cancellations racking up and so do the equity losses one of two s&p 500 industry groups lower on the week joining me with more the former pan am ceo, david panmiller. good to have you on. you're the former ceo of a major airline, how long do you think these cancellations can last >> good morning and thank you, seema. as i mentioned in an earlier segment with brian before thanksgiving we'll see this happen through the holidays for sure, and that was before this aggressive covid situation happened with omicron. and that's going to go through the first quarter. i think, if i may interject, i'll throw a couple of numbers really quickly december 5th it was 149 cancellations, on the 26th there was 627. right now there's probably about 8,000 flights flying around the u.s. as we speak i think the problem is as follows. number one, obviously the aggressiveness of the new variant. number two, the fact that everybody is getting tested. so what happened before, not as many people were getting tested. once you get tested, it sort of creates a domino effect within the industry and these folks work together, it's like an nfl team, they're in the same p

david frost has resigned due to disillusionment with prime minister barak johnston's government. it comes on for disastrous week for the prime minister with a bi election defeat and rebellion from his own. m. p. 's over the introduction of additional covert restrictions in hong kong polls have opened in the 1st parliamentary elections since the crackdown on the pro democracy movement by beijing voters. q to enter this pulling station when it opened. although overall turnout is expected to be load, it's the 1st legislative council election since beijing imposed a sweeping national security law and reformed the electoral system. under the new rules, only candidates considered hatred. i'll take to china can run any opposition. candidates have been silenced child or have fled hong kong on kong later kerry lamb was one of the 1st to cast her vote. she denied that the government had said any voter turnout rights, but i do have sarah kia targets for this general election of the legislative council. one is to ensure patriots administering hong kong. and i think that objective has been met through the design of the kennedy eligibility review committees. database correspond, vitti can't pay. the hong

david zulema gentle weak on domains? is he davinci nanotechnology? undo his vague what he did, he shouted, ah, if you're ready, let go p u n o yo yos, others up and he likes you. they upgraded my mind a bit. my artificial intelligence. this is too cool. i can walk. why don't the palace low and get to the now sounded dumb in aiko new kid, s o sasha? ah, less fashionable or less profitable in the short term, certain scientific feels have been deserted. some researchers have identified what they call the problem of and done science. now that science that simply left on investigated because there's little commercial imperative in studying and mm. undone science, science that simply isn't done. the experiment never carried out the lab that never opened the epidemiological study that doesn't exist because it was never financed. the scientific books never written, the medical thesis never published. these are the vast territories of ignorance, which we don't explore because they don't earn because we prefer not to know or because we never even imagined them. ah, our need to know is limitless. in our wonder at science permanent but we also see science under

nasdaq and s&p look to snap their three day winning streak at the moment jpmorgan chase chief global strategist david

in the months before her death, david fawcett and his partner, anita, compared star's plight to baby psocial services, so we just want you to go see what the problem is here." but, er, that was it, we never heard a thing. theyjust said the case were closed, and that were that. star's own mother and her partner lied repeatedly about how she had been hurt, while subjecting her to a horrifically cruel campaign of abuse. frankie smith and savannah brockhill deprived their little girl of sleep, played cruel psychological tricks, and kept concerned social workers away from her. pretty girl. you're a spoilt pretty girl. star hobson was anything but spoilt. smith and brockhill posted these caring images publicly but, privately, they were horrible to her. on one occasion, brockhill took star to her work at a recycling centre. cameras here later caught the amateur boxer hitting star 21 times, over three hours. and if you want to keep your kneecaps... brockhill was routinely violent towards star and even called herself a psychopath. she's with the number—one psycho. to me, she were just pure evil

late sara ♪ >>> down day still tracking for the best week for the s&p since february welcome back to "closing bell. i'm sara eisen with davidr wilfred frost and mike santoli investors are set for big tech and retail earnings. we have results from oracle, broadcom, costco, lululemon and chewy and the ceo of chewy to break down the numbers before the conference call. stephanie link from hightower is still with us. you mentioned you were looking company specific i'm surprised you didn't mention jobless claims for the one handle on top of it today making sense. if jobs are so hard to get they should not be firing workers and see new postpandemic lows there. how do you feel in light of the worries of omicron and the fed >> well, the data is coming in better than i expected and the cyclicals, the portfolio is outperforming the market you mentioned initial claims impressive the more impressive number and confusing number is jolts number knot of 11 million there are jobs to be had and people are not getting them but wages are higher, about 4.8% that unit labor cost number 9.6% this week is huge. this is why the fed will increase th

david westin yesterday. from new york city this morning, good morning. equity market up 19 on the s&p. 42 minutes away. cpi. kailey leinz, i understand you have a bit of a correction on julian assange. kailey: it is my turn for a surveillance correction. we do know he has been extradited. i had said he had still been holed up in the ecuadorian embassy. he was there for seven years, but two years ago, british authorities transferred him to a prison and took him into custody on the extradition warrant. jonathan: the details you needed. i did not know because i have not been following this story. andy has. i'm not going to ask your question on this. [laughter] i want to talk about this omicron variant and i think this is a really important conversation. if it turns out to be much milder but far more contagious, how do we treat that from a policy perspective? from your standpoint? how do we make that change? andy: it all comes down hospitalization rates and severe disease rates. a boost will probably give you a really good are immune response and therefore, if that holds true, the current

nasdaq and s&p look to snap their three day winning streak at the moment jpmorgan chase chief global strategist david kelly is on hand to play referee between the bulls and the bears. the crypto verse had its eyes glued to testimony of some of the top leaders in the digital currency world yesterday, as congress quizzed them about how their coins and tokens and nft's should be regulated the bit fury ceo is here to give us his firsthand account of fending off the arrows aimed by members of congress and restaurant business is stuck in hell's kitchen with vaccine mandate, high prices, supply chain issues and worker shortages, the owner of one of the nations top restaurant companies is here to tell us how his restaurants are battling the devil in the details, cameron mitchell of cameron mitchell restaurants, yes, ocean prime and others joins us live in a fox business exclusive, plus all that luxury loot landed in smash-and-grab attacks on retailers is now ending up for sale online. we are going to take a look at what is being done to crackdown on the nation's hottest criminal enterprise. but first, we beg

i'm carl quintanilla, with david faber and jim cramer pfizer says early data shows a three-dose regimen does neutralize omicron the s&p needs about 19 points for a fresh closing high we may get halfway there our road map begins with phiers versus omicron >>> plus, well, apple shares are at an all-time high, despite continued reports back and forth that 13 production mae by falling short of targets. >>> and whatever it takes to double capacity for the electric f-150 pickup this has brought us back to the day before thanksgiving close. >> correct i think moderna will say the same thing, you need three, the effectiveness of three is much more dramatic than two, including omicron, and whatever the next five or six what we want to understand is omicron is no more the end than any other -- we could end up doubling the number of greek letters we need. david, when you see this kind of thing and listen to what dr. bourla says, these vaccines are powerful, and for those who keep giving up on science keep selling at the bottom. >> i hope this will mark near the end of the pandemic -- >> it's just not possible -- it goes to epide

in the months before her death, david fawcett and his partner, anita, compared star's plight to baby p "well, just think about it, you know, that little baby p a couple of years ago, he got let down by the social services, so we just want you to go see what the problem is here." but, er, that was it, we never heard a thing. theyjust said the case were closed, and that were that. star's own mother and her partner lied repeatedly about how she had been hurt, while subjecting her to a horrifically cruel campaign of abuse. frankie smith and savannah brockhill deprived their little girl of sleep, played cruel psychological tricks, and kept concerned social workers away from her. pretty girl. you're a spoilt pretty girl. star hobson was anything but spoilt. smith and brockhill posted these caring images publicly but, privately, they were horrible to her. on one occasion, brockhill took star to her work at a recycling centre. cameras here later caught the amateur boxer hitting star 21 times, over three hours. and if you want to keep your kneecaps... brockhill was routinely violent towards sta

david schuman of our minneapolis station wcco was in court for the opening statements. >> "i killed a boy." those were the defendant's words. >> reporter: prosecutors said pr police officer kimberly potter was reckless and culpable for the death of 20-year-old duante wright. potter's body camera captured the moment the routine traffic stop turned deadly. last april, outside of minneapolis, potter and a rookie officer stopped wright after spotting an air freshener illegally hanging from his rear- view mirror, and expired tags. potter's partner tried to arrest wright for having an outstanding warrant on a misdemeanor gun charge, but he resisted and tried to drive away. >> taser! taser! >> reporter: during the struggle, potter shouted a taser warning, before firing her handgun, killing wright with a single bullet to his chest. >> i pulled the wrong gun! i shot him! >> reporter: potter is charged with two counts of manslaughter in the first and second degree. >> and she pulled the trigger, and she shot him in the chest. and she did those things without bothering to confirm what was in her hand. >> reporter: potter's attorneys admit she made a mistake, confusi

months before her death, david fawcett and his partner editor raised chilling concerns with social services. —— and his partner anita. ogogo i said, you don't want another baby pt want another baby p on your hands?— you don't want another baby p on your hands? she said, what do you mean? i said. _ your hands? she said, what do you mean? i said, baby— your hands? she said, what do you mean? i said, baby p _ your hands? she said, what do you mean? i said, baby p a _ your hands? she said, what do you mean? i said, baby p a couple - your hands? she said, what do you mean? i said, baby p a couple of. mean? i said, baby p a couple of years ago was let down by social services. ijust want years ago was let down by social services. i just want you to years ago was let down by social services. ijust want you to go and see what problems are here. but that was it, we never heard a thing, they just said the case was closed and that was that.— just said the case was closed and that was that. �* , ., . ,, . , that was that. ambulance service, is the atient that was that. ambulance service, is the patient breathing? _ that was that. ambulance service, is the patient breathing

that man is david lefkowitz. you say the s&p, one year from now will be at 5100.ke your case. >> this is still an environment where we want to buy the dips in the market. we are waiting more data on the omicron variant and how effective the vaccines will be on it. even in new vaccines they will be in the market by the middle of next year. in pretty large values. that should to the economy. consumers in great shape. jobs are plentiful. cash is plentiful on consumer balance sheets and record profits. there's a lot of momentum in the economy. the only thing change is the fed. the fed is beginning to pivot, to withdraw this accommodation, they are not moving to tight monetary policy but that is down the road. stuart: that is my what about question. what about the fed? it does raise rates and when the fed raises rate stock prices either plateau or come down some. what about tax increases? capital gains tax increases may be coming down the pike. could they have a negative effect on the ball market? >> let's take the fed. in early stages of the fed tightening cycle the r

in the premarket as you can see the dow, s&p and nasdaq just above the waterline, modest gains with let's bring in davidholas. good morning to you. jpmorgan says investors are too bearish and there is no selloff insight which is an interesting statement. what say you? >> i agree with that. if you look at the s&p, 30% are trading below their 200 day moving average. we've seen the selloff in the larger index. when the news of the new variants came out, they are very emotional. we were seeing some of that so there were a lot of names beaten up recently but investors look at it. ashley: let's get to some of those. some of your stock picks, a surprise for me, southwest airlines going through a tough time like all the airlines. >> 21% below the moving average, but a domestic model, less impacted by travel restrictions with doctor fauci, a vaccine to board a plane, i think that is crazy. devastating for the market, but as it opens up, a name like southwest, their balance sheet, sitting on almost $4 billion in cash. when the pandemic started they had $1.5 billion. they had strong financials and will do well as

p 500 dropped 38. still to come on the newshour: why a surge in spending is overwhelming u.s. ports. davids and jonathan capehart break down the week's news. plus, much more. >> woodruff: the c.d.c. director said today that the omicron variant could become the dominant covid strain in the u.s. this winter. she also said that delta remains a major problem. i sat down with dr. francis collins, the director of the national institutes of health, to talk about those concerns. dr. francis collins, thank you very much for talking with us. >> judy, i'm really glad to be here and welcome to n.i.h. nad you came out here. >> woodruff: very glad to be here. as we sit here, on december 3, covid very much still with us. is your greater concern at this moment the cases, the variant that are still out there, or omicron which is now arriving in this country? >> well, the one we know about is delta, and delta is still very much with us, even though we've seen some decrease in the number of cases, it's still tens and tens of thousands every day. while the omicron sort of new variant we're all focused on is a

day for dow, not so much for nasdaq, s&p, jackie deangelis is here to take you through the next hour. we need your jackie d effect. jackie: good to see you david. this is "making money," and i'm jackie deangelis in for charles payne. renewing hopes for light at the end of this pandemic tunnel if you will and an economic boom as well. our panel of experts have insight you need to capitalize on the markets. plus after blaming the trump's administration pandemic response president biden is throwing in the towel and letting states take over. why big government was never the solution. and just when you thought that maybe gas prices were coming down a little bit, 100-dollar oil could be around the corner. at least that is what keith fitz-gerald says. he will explain it. all that and more on "making money". ♪. jackie: welcome, everybody, the cdc issuing covid guidance for the atom stick, dropping the isolation time for just five days, getting them back to work quicker. at the same time new data out of south africa, covid-19 infections can boost immunity and may be less lethal. these are questions investors are asking, are these signs economic boom is

david: speaking of this which we are seeing, open flat, little bit lower. 33 points on s&p futures. 10elds 137. we talk about the dollar strength story, goes into perhaps the anchoring. have a look at where we are, the starting points for hong kong markets. this market is not pretty at all. the tech index following the decline from friday, the drawdown from the peak is nearing 50%. it has been rough. is this a buying opportunity? a head of research is here with us to map out the week. good morning. every time someone told me to buy this, i get heartbroken and go back into hiding. do i take the advice that there is value in this market? guest: there is a lot of market risk. every time you see some go up, and hong kong, is the other way around. i think the market risk is always driven by u.s. china relations, and also with omicron . inflation fears. all of those things are on the table. the hong kong market -- mostly because there was a selloff on the tech giants. the weight on the index is high. if you turn around and look at the sectors, traditional sectors performed much better than t

david frost has resigned due to disillusionment with prime minister barak johnson's government. it comes after a disastrous wake for the prime minister with a bi election defeat. and rebellion from his own. m. p. 's over the introduction of additional coven restrictions. thousands of people have protested in barcelona or against a court ruling mandating the 25 percent of school lessons be taught. in spanish. demonstrate as say, it will threaten the education system which has helped bring the local catalan language back into public use. after years of repression under the franco dictatorship, 3 construction workers have been killed in italy, after 2 building cranes collapsed on the street. in the city of children, 2 workers died at the same. the 3rd was taken to hospital where he was pronounced dead to passers by, were also injured. at least 30 people have died after super typhoon. bry slammed into the philippines. officials say many people are still unaccounted for. hundreds of thousands fled their homes to escape the typhoon, which has left massive destruction in its way. it was the strongest typhoon to hit the philippines this year. battering the country with torrential rain and a 175 kilom

and the crypto exchange kracken, their ceo david ripley, the closing bell rings in a half an hour, 29 minutes to be exact, and we have markets still mixed, the s&p trying to be positive, nasdaq still down 61, the dow up 126. "clayman countdown" is coming right back. lauren: all right, welcome back. cryptocurrencys in the red today , and much of the month, quite frankly. bitcoin, ethererum, litecoin, xrp, all sharply lower between 6% and 8% its been a rollercoaster year to say the least for cryptos. many bitcoin bulls expected they called for bitcoin to hit 100,000 by the end of the year, just days away now. yet it's sitting at less than half that level. let's fast forward, let's take a look at the new year, specifically, what will 2022 bring when it comes to a spot bitcoin etf? that's the key question, we bring in coin shares chief strategy officer melton demures, and kracken chief operating officer dave ripley to discuss, so melton i'm going to hit you with a question, and that is, what happened for bitcoin, it seems like we were getting close to there when just last month, we were at nearly 70,000. >> look, i think what happened to bitcoin is

oil jim cramer and david faber have the morning off we're coming off the s&p record close on thursdayecord close the 2021. our road map begins with airline stocks flying lower, with the surge of covid cases leading to thousands of cancellations. >> plus another rough day with chinese tech stocks.

they don't want a return to an 18th sense p tri vasal -- century vasal state under the thumb of moscow. congressman davidarians in the ukraine talking about their vigorous democracy, their desire to have western values and that's not consistent with putin trying to reassemble the ussr. so the bottom line is, the united states should stand with our friends in ukraine and president trump fortunately helped them build their defensive military capability, something that the obama/biden administration did not do. and so today has a struggling strugglingdemocracy they want t. the united states needs stand with the ukrainians and they need to suggest that putin withdraw all his troops, not a token 10,000. cheryl: we're talking about 100,000 troops that russia has reportedly put on the border with ukraine. it can flair up not just diplomacy but what's happening with the oil markets and the economic picture as well. sorry about the technical difficulties. please come back. i'm here all week. love to have you back. congressman french hill, always good to talk to you. thank you, sir. we've got a lot more coming up.

david faber has the morning off. nice gains at the open eroding slowly s&p almost back to the flat line of 4711 as the premarket suggestedtime highs. >> that's right. we're 30 minutes into the trading session so here are three big movers that we're watching this morning. we're going to start with adobe the shares getting crushed out with results before the bell the company offering fiscal 2022 guidance below estimates the shares are down about 8% right now. plus, lennar moving lower with the home builder reporting earnings short of forecasts due to higher lumber costs and increased labor costs. those shares down 3.5% we will end with consulting firm accenture, the shares surging after topping earnings and revenue estimates for the quarter, the stock is up about almost 9% right now. it's up more than 50%, about 56% year to date, carl. >> all right let's turn to the fed this morning announcing of course it will aggressively dial back its bond buying, seeing three rate hikes next year. our economics reporter steve liesman has the latest on that and the bofa and now lagarde, steve. >> yeah. but carl, you said aggressively di

p. talk about where you see those major moves of 10% and higher in the micro level. what areas are those concentrated in? david the more debilitating talk of higher taxes off the table, for now, when taxes go up, the last four times, small caps have lied. now that they will not go higher, they have set the table for small caps in an environment where gdp will grow better than 4%. corporate profits grow between 10 to 12% and valuations on small cap relative to large-cap siblings are much more attractive. i can build individual portfolios where the yield is better than 5% and that compares well to a 10 year treasury of 1.5%. dare i say it will be a good environment for the active stock manager but i do think we are setting it for the tailwinds to be better next year. romaine: managing director and portfolio manager at ancora advisors. we will come back to you in a few minutes. relatively small moves for markets. let's bring in abigail doolittle. what stands out to you when you look at what is going on today? abigail: small moves. we are in the final stage of the year in this is the week everybody should kate --

david perdue plans to announce a primary challenge against georgia governor brian kemp. now purdue, a trump ally lost in a runoff election against jon ossoff. trump recently urged purdue to run against couple p overturn the 2020 loss. stacey abrams announced her campaign for governor in georgia. she lost a closely fought 2018 race against kemp by a margin of 1.4 percentage points. >>> time for three questions in three minutes. let's bring in john harwood. you heard that there. the plot thickens in the georgia governor's race. david purdue challenging brian kemp for the gop seat. what does this look like? should stacey abrams be happy about this? >> reporter: well, certainly she should be happy with this and democrats generally should be happy with this. first of all, stepping back, it is slated to be a bad year for democrats next year because of how people feel about the economy, because of how people feel about president biden. so democrats are in trouble going into 2022. if there's something that would give them a leg up, it's the possibility of holding on, breaking through, surviving 2022, it is a fracture within the republican party and donald trump encouraging that fracture. so in the c

peopleooooacko t t work,or t opoprainopack bacnto nd the p thesi p t's j jnt the m thedl clas that' tshas ie bennn focused on here at the department of labor. davidf labor marty walsh, lauren want to bring you in you're looking at movers. lauren: zillow is up 5% jefferies is weighing in, saying buy the dip shares dropped so sharply since zillow announced a wind-down of their housing inventory, the zillow offers program, they shed their excess baggage to refocus on the core and they're giving them $115 price target so it's a nice bump from here. david: and then dede. lauren: down pretty sharply it bounced around now down 14% in fact. it has withdrawn from the new york stock exchange and will list immediately in hong kong. that's considered vending to chinese regulators. at first investors thought it was a good thing but now not so much, but the chinese ride hailing company they went public in june so they have been a u.s. company for such a short period of time, and halved their value. grab might be a stock to watch today because that gets you caltech in southeast asia as opposed to china. david: and bi. ntech? lauren: the ceo says they can tweak