here with me now is chief strategist piper sandler. >> thanks if are having me. we have this sort of ominously ticking over our shoulder. not a huge deal. but what do you think is the bigger story here? >> it's rate. it's been rates. and ironically, if you look at market breadth, that peaked in september. where it bottomed out. as bond yields have crept higher. beginning with rate incentives. then remember, december, breath started becoming focus. and now it's engulfed the entire market. we thought four and a half was the line in the sand where we become more systemic. and now what you're seeing behaviorally from investors is people are extrapolating. talking about the rate hikes. 10-year going up 5, 6%. >> the crazy thing to me is to say, look. we're at 476. the highest we've gotten in the cycle is 5.4. we're within 30 basis points now. now, that high was a high -- i'm not sure if it came before or after the silicon valley problems. but seemed to be a huge head wind the first time around. second time, there are a lot of parts of the market that aren't holding up

piper sandler moving nike to overweight. urgency to clean up the marketplace should translate to a more visible recovery. >>> coming up on "worldwide exchange," we have the one word that every investor has to hear today and the stock pick every investor needs to know. >>> plus, a possible player in the bio-bid for the parent company sending shares higher. seven & holdings up 5%. we will have details on the high profile asset manager may be throwing his hat in the ring. that's coming up. stay with us. >>> welcome back to "worldwide exchange." time for the big money movers. taiwan semiconductor fourth quarter revenue beating the forecast as it beats the strong demand for all things artificial intelligence. shares up 1.5% now. revenues rising 4%. the company will report next week. >>> tesla with the model y in join an today. it has a longer range of 4590 miles per charge and starting price of $36,000 according to the webo social media account. it has lost sales momentum from chinese rivals and weaker global be manned demand for

investors pulled about $13 billion out of bio-tech in 2024 on top of $16 billion in 2023 according to piper sandlerwe may finally have hit rock bottom. the data suggests that a rally could be on the horizon. a lot to look for in 2025. frank. >> angelica, a lot to look out for. we were talking with our previous guest president-elect's pick of rfk as hhs secretary. how will that move the industry if he is confirmed? >> that's the question. he talks about food like your previous guest talked about. will he focus first on food? will he focus first on pharmaceuticals? of course, he has a lot of views on vaccines. he has pulled some of that back. you have the administration talking about the fda reform trying to, you know, pare back regulation. it's really going to be interesting to see how this all shakes out. will we see a tougher fda or a more -- more relaxed fda? >> a lot to watch. angelica peebles, thank you for that outlook. >>> still on deck here on "worldwide exchange," a live report from new orleans and the site of the deadly truck attack. the fbi focusing in on a suspect and poibssle ties to th

let's move to toes low, despite piper sandler calling at their number one buy-and-hold idea, they raisedce target from 315 all the way to $500 with tesla down thanks to a report they lost $15 billion in value in 2024 because of their aging lineup. american eagle, the clothing brand surging to equal weight for morgan stanley, raised their price target to $16 which as you see on the screen is below what the stock is trading at $17.20, up 7%. stuart: never understood that but got it now. soon donald trump will arrive at the washington national cathedral, attend the national prayer service at the top of the hour. donald trump said he believes he was saved by god. watch this. >> those who wish to stop our because have tried to take my freedom and my life. just a few months ago in a pennsylvania field an assassin's bullet went through my ear but i felt then and believe more so now that my life was saved for a reason. i was saved by god to make america great again. stuart: jonathan morris joins me now. we are not used to a president being so open with their religion like this. do you think the

chipmaker and apple supplier defined the tech selloff today the reason piper sandler upgraded them to 24% the reason they like star board and activist having involvement to drive efficiency. >> what do they do. >> communications. communication tools for companies the stock is up into a half percent, goldman sachs upgraded them to a price target of 185 up from 77 they liked what they heard from investor day. stuart: thank you after initially refusing deportation flights columbia as agreed to all of president trump's terms, peter doocy at the white house, tell me what happened. >> for a couple hours this week and the president of columbia dog and against president trump he was publicly explaining why columbia would not accept u.s. military planes of columbia nationals to enter the u.s. illegally the president of columbia set i deny the entry of american planes carrying columbia migrants intercountry the united states must establish a protocol for the dignified treatment of migrants before we receive them but then came trump's 25% tariffs that would rise to 50% after one week. suddenly t

by the way, shares of piper sandler, you saw them up 60 some percent. >> citigroup trying to sell themselves all right, we're going to get a quick check of the markets because we continue to go lower on big tech. i mean, the dow not getting hit at all, but, again, that's kind of like a headline index, like we talked about. we're seeing big tech, the nasdaq down 1.5%, yields also the story. and rick santelli is in chicago. yields are on the move. this inflation story is a long way from being over. >> yeah, oh, absolutely. just look at what's going on in europe. not only do they have really lousy growth, they have inflation that's starting to rise. i fully suspect that inflation is not going to moderate to levels the fed feels comfortable with. you know, we had a lot going on today, brian. jolts over 8 million, most job openings since may of '24. prices paid leaped to the highest levels since february of pea 23. put those two together. and if you look at the last three days, tens are running way past the twos. right now they're up 5, twos are up 1. we've moved the spread four basis points toda

out, economists are expecting month-over-month increase 3/10 fears year-over-year increase 2.9% piper sandleref investment officer louis navellier kicking things off with you expectations for inflation what this means for market given spike in interest rates we're seeing. >> yes, we are a little bit lighter -- over the course last 48 hours, 3/10, 2 14r50sh in rounding markets from aedling fence.26 important rates have cared what market was done last month explained a lot of sell-off that we've seen over the course of the last you know, really since high we put in per election so if your view market has to rally, because rates are coming down, then you want lighter cpi i think a lot of what happened we priced in a ton of inflation risk as odds gop would sweep one up, speaking more prominent position you are going to see short term move up in inflation in if you get tariffs inflation swaps up meaningfully since september lows if rates move down because tariffs aren't going to happen significant way, we start repricing a lot of inflation risk, you are going to see, bond outperform significantly

you look at piper sandler, c4, goldman, 70%, 80% gains over the past year, so they are anticipating thereing to be more work to do. the ipos are a piece of this, as well. i have heard people in the industry say you are less likely to take a company public if you don't think they will be acquired down the road, it just provides more stories to tell, more possible excerpts, that kind of thing and on that front it has been more quiet lately. >> it has been quiet for years on the ipo market and for two years. one, when it comes to the private tech startups, the venture capital startups, those are the busiest ipos. there is so much money in the venture capital market and late stage venture capital market and in structural changes where people are kind of buying each other out as private companies, but those big, buzzing names haven't had the need to come to market like they would have in the past. and then, you know, private equity firms and other private companies that should be going public, they have kind of been scared off for a while and i think it will be interesting to see, we have been

nike is trading higher after brokerage piper sandler upgraded the stock to overweight from neutral ando clean-up the marketplace by taking product back and markdown support to its partners should translate to a visible recovery in fiscal 2026. today's countdown closer thinks nike will just do it. so joining us solidarity capital managing partner jeff mc clain. you are recommending nike to your clients right now? >> yeah, we're positive on nike. we think this is a great opportunity for a comeback, for nike. i think they finally have the right ceo in, and it's going to be an incredible story if he can pull this off. the guy who started as an intern, coming back, having the potential to rescue the company, so we're super bullish on it. he already made a big difference already. he closed the nfl deal that was lingering. they were able to get that closed to re-up with the nfl through 2038. that's a big deal for nike. you've got to lockdown that relationship. already making a difference even though he's been very, very quiet. cheryl: and look at soccer. not just the nfl but look at their pre

piper sandler downgrading its rating on boston beer now to neutral. r cites the diminished outlook on hard mountain dew and slower than expected sales growth on twisted tea and loop capital, raising its price target on supermicro from $35 to $40. loup says supermicro remains an important company in an important space with special catalyst and fundamentals. all right. coming up here on worldwide exchange, the media and telecom giant, our next guest says will provide investors some stability despite stumbling out of the gate to start this new year. we're going to reveal our mystery chart coming up after the break. and on squawk box, after worldwide exchange conversations with the ceos of morgan stanley, blackrock, honeywell and liberty global from the world economic forum in davos, worldwide exchange, we're back right after this. >> nothing stands still. not technology, not the market and not franklin templeton. we've been a firm in motion for over 75. >> years. >> always innovating. today we're a leader in public and private markets, digital assets and

piper sandler has a price target of 193. the average price target is 173.re your thoughts on c h d? >> no, not an oil guy here. i mean, you know that in the club we know we're selling our kotara. now let's hit 30. we think you can go still higher, but we don't want to add jeff marx and i talked to the club today. we're not adding any more oils. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up is the apprentice oligarch edition already at risk of being canceled? cramer talks the billionaire battle heating up on pennsylvania avenue next. >> booyah, jim. your integrity makes you the booyah saint of wall street. booyah jimmy choo. >> booyah jimmy. >> choo boo boo boo boo. booyah jim. >> quadruple. that's a lot of >> quadruple. that's a lot of booyah. knock, knock. #1 broker here for the #1 hit maker. thanks for swingin' by, carl. no problem. so, what are all of those for? ah, this one lets me adjust the bass. add more guitar. maybe some drums. wow, so many choices. yeah. l

piper sandler raising on netflix to $950.e second call from truest on lockheed martin on a buy rating citing its pullback. that stock positive by .4%. keybank cutting its target on amd to 150 dollars highlighting underwhelming demand for its ai chip. nvidia caught between the united states and china. the ceo is set to visit shenzhen as the u.s. slaps new curbs on chip sales and beijing has antitrust allegations. it is quit a selloff -- quite a selloff. chris: they are starting the ramp of the blackwell program and there is more in the second half of the year where we have exited -- expectations. it is a question of supply catching up to demand. lisa: it is great to speak to you because you can parse some of the noise from the signal. are you saying before we get to some of the delays, are you saying that some of the tit-for-tat between the u.s. and china is more noise for nvidia shares than other issues? chris: so today nvidia is selling little to china directly because of the export controls already in place. some of these n

also microsoft, salesforce and snowflake are being named top picks in 2025 over at piper sandler.e seeing these three vendors as best positioned to capitalize on ai trends going into 2025. microsoft up about a percent. sales force down a quarter of a percent and snowflake up 1.5%. abilityists are down grading goldman sachs. saying as capital markets recover the firm's reliance on the global banking and markets revenue limits possible potential momentum going into 2025. goldman shares just about flat in the premarket trade. head over to cnbc.com/pro. sentiment slightly positive, we will see if we can get over that negative santa claus rally period. >>> uber, the company launching a $1.5 billion accelerated share buyback program. it says it expects the purchases to be completed in the first quarter of this year. you can take a look at that stock now at 66.67. it had been up close to 88 bucks at one point. let's get you the actual number. there had been talk about these buybacks before but now it seems to be happening and maybe because of where the stock is relative to where it was.