your portfolio.te your stocks and demand a lot more from them than you normally would especially since they're more expensive than the day before because they went up. i have a specific way i grade my stocks. i rank the stocks in my trust which you can follow along with by joining the cnbc insvesting club. i rank them one to four. ones buy at current price. twos buy if they pulled back. threes are stocks you sell at a higher price. and fours are stocks let's say you don't want to take any action on without further information. period. a rally has a way of simplifying things. prices are up, stocks worth buying at the current price suddenly become twos. stocks only wort buying on pullback. get this? better to keep powder dry. wait for a selloff down the road before you do any more buying. meanwhile, lot of 3s, stocks you wanted to sell on the strength become 4s, stocks you don't want to take any action without more information. this is just a preliminary approach to what you should sell on a short-term

servicenow has been a workhorse in our portfolio.t just continues to outperform because of the ceo continues to outperform. so i do think you want to own those names directing traffic and really driving the cloud computing portion of generative ai. >> nancy, glad you could join us by phone. sorry we couldn't see you in person. nancely tengler. >> thank you. >> i love a contrarian take on big themes of the day. >>> not all that glitters is gold with gold up 30% this year nothing compared with bitcoin's 130% gain. we're going to dive more into their performance after a break. (♪♪) (♪♪) (♪♪) everyone has goals and dreams. and everyone deserves a way to get there. wherever you're going, getting there starts here. state street. invest in your future with spy, the world's most traded etf. (♪♪) the world's most traded etf. ♪ (vo) with verizon, trade in any phone, any condition. and get iphone 16 pro with apple intelligence. get four on us. only on verizon. it's hard to say who'll be more excited on the day after christmas. the guy who got a

also, i read their portfolio efficacy on the website. it is great. for us, there are three moments i remember. we launched bottle in 2020. a few months before all of the law ounce happened. about two or three months in, teachers were looking for tools, like i'm dealing with -- the whole education system is flipped on its head, all of a sudden my kids are remote. how will i deliver -- the school has finally given us one devices, but how am i supposed to get them to complete practice and assessment items? then they stumbled upon bottle and we had a teacher reach out and say this is what i have been looking for. the kids love it. they are really into the games, they are completing my math assignments i'm assigning. i'm getting the data, saving me time on grading these assignments as well. that was a moment like we are making an impact, especially during a time where teachers are desperate, parents are desperate, looking for a way to care for kids in this pandemic situation. the second situation was post-covid. coming out of it. and schools are back in s

right now i want to welcome aaron brown for an exclusive conversation, the portfolio manager over at pimco, she just published her outcome. thank you for joining us. very simply, you see bonds and stocks returning to what you see as an inverse relationship. why is this? erin: we are at a really interesting point. usually at this time of year there is a wave of articles coming out saying that the 60/40 portfolio is dead and investors should pivot to a different type of investment style or portfolio, but i would argue right now we are at a really interesting time for stocks and bonds. i think they can both do really well in the year ahead. first, our base case is we are heading into a soft landing, we are in a soft landing, we will persist in a soft landing in the year ahead. secondarily we are at the point now where the fed is taking steps to lower the interest rate and we think that will continue through the first quarter of next year, certainly supporting equity valuations, but also bonds. we are at really high starting levels of valuations in terms of yield for bonds. as it cuts, y

or out of berkshire's portfolio to be more accurate. i think we're in an environment where people are embracing risk and historically that's not been the best time for a value investor like warren buffett, right? you tend to shy away from those kind of markets. and for instance, if you look at private client equity beta which merrill lynch puts out o', the beginning of the bull market it was .75. much lower risk in the market overall. today it is a whopping, absolutely whopping 1.45. so in that environment you should be expecting people like warren buffett who have big gains to be selling some of those big gains and diversifying the portfolio. i really think that's what he's doing, and i think if you're not a momentum investor i think that's a very prudent thing to do. >> one of the things you point out, rich, in a very interesting "financial times" op-ed is that when you start feeling comfortable about which sectors are going to win or prosper the most under this election scenario or that election scenario usually you'd be wrong. >> no

really in the well diversified portfolio in the u.s.. >> the iwm sort of got towards levels we saw last in the fall of 2021. you like financials. within the small caps, financials play a huge role, so, understand that not all small cap itfs are created equal, is there a place there in your portfolio? >> absolutely. when you look at financials, specifically when we go back to january of '22, financials are up 5% -- i'm sorry, 20% during this time. while s&p is up 25%. we still like valuations, we like the positioning, financial sector is one of the healthiest stages we've seen it in awhile, after the financial crisis, because of the capitalizations that we're seeing, plus the deregulation and the fact that the activity is being picked up, as well as the m&a received in resulting in higher profitability and competitive advantage. >> katrina, it's karen, thanks for being on. in case you were working and missed our a-block, a discussion about bitcoin and grip crypto, your clients wanting that? what are you seeing? >> well, a lot of clients

how do you factor in to your portfolio management and you run a concentrated portfolio, how do you factorn these geopolitical tensions if at all? >> what is a portfolio manager to do these days? in my opinion these things are tran gent. i know -- i don't want to trivialize them but in terms of how one would pick stocks, there's a number of possibilities. one possibility, which is what i pursue, is to almost ignore this as, dare i say, noise, but still focus on the stocks that we think will do well remember we're in trump 2.0 now. a lot of investors are trying to figure out if this is a replay of trump 1 and if that's the case we redo our stock picking. i don't think that's a good guarantee. i'm thinking that trump 2.0 will be very, very different from the first regime and we need to focus more on fundamental stock picking, rather than saying what are trump's favorite policies and how can we play into that. that is more risky, in my opinion, than doing pure stock selection. >>, so i hear you suggesting that while the ukraine situation is something you can sort of set aside as, quote, noise

look at your stock portfolio _ attorney. look at your stock portfolio today. know, stocks are _ portfolio today. as you know, stocks are way up. from a high ranking — stocks are way up. from a high ranking political leader. 78—year—old convicted felon, that — 78—year—old convicted felon, that is— 78—year—old convicted felon, that is basically certifiably insane, _ that is basically certifiably insane, the bait, beats a progressive black female that wants — progressive black female that wants to pay for transgender sector— wants to pay for transgender sector operations, and has done nothing — sector operations, and has done nothing in — sector operations, and has done nothing in the last four years as vice — nothing in the last four years as vice president. one more, please — as vice president. one more, please as— as vice president. one more, please. as a lifelong democrat, someone — please. as a lifelong democrat, someone that i went to high school— someone that i went to high school with, and who always voted — school with, and who always voted democrat, ver

our service portfolio grew another 2.4%. 25,000 elevators and escalators that we added to the portfolio. that helped us drive some strong cash and helped us with the capital allocation. we bought back $200 million of share repurchases. we will really make sure that we return the cash to the shareholders. >> i had a conversation with tim cook yesterday. everybody there the same thing. i said india will be the big growth market. china maybe 1.4 billion going to 1.2 billion. you referenced india on your quarter. i know that they care passionately about manufacturing there for them. what has the experience been? >> we have migrated the entire product set to india. it's the second largest elevator and escalator market in the world. we have number one share. we needed more capacity. you manufacture, you have the supply chain local so we manufacture elevators and escalators. we are running out of space i was over there last month and we were going to expand. we do manufacture local for local everywhere in the world including north america. you do it to be cost competitive. that's where you get

and they can proactively view your entire portfolio. with an eye on taxes and the impact of risk.use doors were meant to be opened. >>> coming up on 17 minutes until the closing but with the s&p up three quarters of 1%, and record levels. let's get back to kristina for he stocks to watch . >> reporter: are you ready to start trading stocks until the early morning of the hours in north america? robin hood is climbing after the sec approved the creation of 24-hour stock exchange, paving the way for around-the- clock trading, the stock has been rallying since the election come up more than 60% in november. it was up 1%, almost flat at this point. let's talk about applied therapeutics losing more than two thirds of market cap after the fda declined to approve the drug to treat a rare genetic metabolism -- disease, it would be the first commercial product. they are reviewing the feedback and will fight back and requesting a meeting to discuss requirements for resubmission and that is why you see shares shed their year-to-date gains. down quite a bit today. >> welcome to binary biotech

a sneaky way to play offense in your portfolio thanks in part to pricing power. i'm going to find out thnae me of the guest and tell you who got it right and then speak to the analyst behind the call right after this. >>> check check-- tech check, powering possibilities. >> my game is original. my style is original. why would i wear the same kicks as everyone else? elite performance, all-star quality and they are sketchers so you know they are the most comfortable on the court. >> so much space. open kitchen. >> how can you sell your house when we are stuck on a space station? >> it gives you the flexibility to sell it and buy on your timeline. >> what is at stake when administrations change? we understand the geopolitical economic and regulatory impacts that companies face. >> new president, new heads of agencies, new members of congress with policy priorities. >> the election will shape the future of business in unforeseen ways. >> now's the time to do modeling, assess legislation and understand the impacts. >> from election day to the first 100 and beyond, ins

how do you manage the risk in your portfolio? more divergent geopolitical future, more geopolitical economy? >> correct. there are geopolitical risks and risks that required different portfolio solutions to address and manage the risks. at the heart is a macro alternative approach to investing. >> , coming over to you, we had henry paulson and mnuchin during the first trump administration. how dow think someone known as a hedge fund manager in particular, how will they fit in this role in your mind? >> i think scott has a great world view. he has played both in the domestic and international markets and has an active risk spin which will be great. i think as president trump has a very ambitious agenda on day one, we're going to have to move very, very quickly as a country to, you know, reregulate and embrace portfolios, tax cut regimes that will allow for greater growths in the domestic economy and the international economy. i think scott is well positioned to be able to do this. he's trading and so much more, so i think he is kn

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if it were me and i was the portfolio manager which i'm not, i would be a seller. i trust the process on the other side of the house. >> let's get to bitcoin since that is your core at this point in time, mark. where do you see it going here it's above 91. i think that's more than where you see it being a fair value. >> you know this is almost our five-year anniversary, a little more than our five-year anniversary of when we were together in 2019 while i was on the show, i think bitcoin crashed 10 or 15%. what should we do? buy it well, you always say that. no, i do buy it today, buy it tomorrow, buy it next week i don't think you should buy it all at once. i think you should continue to accumulate the greatest, most powerful computing network the world has ever seen, and it is changing the nature of how we transact value i think that fair value today, as we're sitting here talking, is in the high 80s so we're right around fair value. that fair value will continue as we go forward, as new people get involved there's been a huge game changer in the last week we now

curious uh uh the malibu and the group assess can was give the normal portfolio. i'm assuming scores pretty far to this kid when it came up. so basically what was the last slide i own? you can just give me small the ability to type also. so as a big one, have to store e over the thing is somebody really thought create or the single volleyball in front of it. i seriously let me start with the combustion. attentive so because of your own search and then a competitive fit test, cuz my getting up to this point on that and i just wanted to know if the you know, april 1992 young politician road yvonne, colorado judge became the 1st president of the newly formed group over because setups go with in bosnia and herzegovina when war broke out. his family also had to police already gave up and moved to paula, the nearest town, still controlled by serbian militia. but the not them on these models as cost simplify. this is basically, i did not tied those other scene for quoted spits, and these are 2 that i didn't call yet cod donovan, the same sort of sheila to solve. but i do

curious uh uh the malibu and the group assess can was give the normal portfolio. i'm assuming scores pretty far to just keep making up some of these below. as i said, i only use in the small employee to cape also. so it's a big one. it's just for e over as will continue. somebody really thought create around, it's the city of z. let's start with the combustion. attentive so because you know i'm search and then a competitor that fits this case. when i get up to this point on, i know this one is from the if the in april 1992 young politician road yvonne, colorado judge, became the 1st president of the new any phone republic has set up sca within bosnia and herzegovina. when war broke out, his family also had to police already gave up and move to the nearest town, still controlled by serbian militia. the not them on these models as cost simplify the sick bay. it's according to those other scene for cold takes between these 2 that i didn't call yet cod donovan, the same sort of sheila to solve. could i do? the put some way to look for the possibility is sonia color. i

up until one blip in 2022, the 60/40 portfolio really worked. if you looked, that was anomalous in that we were in a low and declining interest rate environment. if you think that the populist agenda, which really got trump elected, and the rhetoric that he has around it related to tariffs, related to immigrant deportation, it's hard not to imagine that there could be an inflation spike. if there is an inflation spike, the 60/40 portfolio breaks down. equities and bonds correlate, and they correlate to the downside so. what we're really looking for are what are ways that we can help clients preserve capital, compound capital in any environment. because we don't know what's going to happen with inflation. >> so you're essentially looking far more durable inflation hedge or source of returns that can perform in that type of environment. where does that bring you specifically. >> sure, we focus a lot on alternative investments. private credit has been a very interesting space for some time. we really like to play in the part of the market that's re

so i think portfolio construction is becoming more and more into focus. investors, even if they expect a good economic backdrop will have to make some portfolio changes to make this next couple of years work. >> avery, if you look at the areas below the surface where the market has really asserted its view that things are going to matter a lot in terms of policy, health care, to the downside, banks to the upside. those have been really the most persistent. do those make sense to you? would you like to push back against either of those? >> certainly. they actually do make sense to me. i think from a banking perspective, you know, the likelihood that basel 3 is pulled back is a certain likelihood. there is some debate, is all m&a going to go through? probably not. there's always a question around consumer finance. will there be more regulations? there's likely to be a lot less credit. so i'm not sure that would actually happen. >> the credit card issuers flew on day up with. that late fee cap is going away. >> exactly, exit poll. >> there are these very spe

my portfolio is the army. capturing the electric and magnetic warfare. manny control and the networks ever. that's who i am and what my portfolio is known world the primary job -- >> sorry about that. [inaudible] >> there we go. the primary job scale commercial technology and make adjustments on the left and right. commercial technology sector is doing amazing things so the defense cannot keep up so what we have assessed that there provided writer, that is the leslie. keep up right behind the commercial sector. the job is to cross all domains. we are curious about everything going on in support intelligence community and all parts of the enterprise to make sure we can get is closely aligned as we can. we are not trying to change requirements, trying to catalyze the innovation. >> is my mike working? wonderful. the office in the mid- 2000 and we delivered products bedroom should. trying to build and so around the world which is an interesting choice. i am the chief executive responsible for topics as acquisition budgeting and cost schedule performance and

india has been one market driven by the large ipos of some of softbank�*s portfolio companies in the has benefited a bit out of the investments they have made in the indian start—up. whether it was the electric company that was said earlier or the food delivery giant that listed in $1.3 billion ipo and some of these have also driven the profitability of the global softbank where they recently announced a billion—dollar profitability and most of which has been driven by the benefits they have reaped from india and going forward while for the last two years there were in a wide and what situation because of a funding winter, for start—ups but now it reportedly softbank is looking at increasing fresh investments in the start—up capital of the world and they are looking at artificial intelligence and chip designing as two areas. reports say that son met start—up founders with some of its portfolio companies his recent visit and spoke about investments in artificial intelligence and chip designing and this could be areas that softbank is looking to invest further in india certainly stays

portfolio manager at the hennessey japan fund people are very bullish on japan because, look, they haveaken measures to say we want companies to increase their value on the stock market. they also have this currency working their favor. but then there has been a bit of a kind of a little bit less clarity lately what do you foresee in terms of possibility? >> well, so there has been a lot of -- there have been a lot of things going on in japan i think if i were to single out one big driver of the japanese stock market is really the changing corporate governor standards in a good way. so that is about having a strong focus on businesses capital efficiency, which was pretty much non-existent five, ten, you know, 20, 25 years ago and that's because culturally the country has never embraced western capitalism i'm not saying it's the best form of capitalism. >> is it starting to do so now >> yes. >> that's pretty significant. >> right so, it's actually the result of many different events that took place probably over the last ten years. first and foremost, we introduced corporate governance i

at the moment softbank has $15 billion worth of investments in a series of portfolio companies and theyindia's unicom's.- invest in about a fifth of india's unicom's. will cubic el on those _ india's unicom's. will cubic el on those investments. --we| india's unicom's. will cubic el i on those investments. --we will on those investments. ——we will keep an eye. one in five uk children aged between eight and 17 has lied about their age in order to get social media accounts, according to new research from the online regulator 0fcom. the figure has been consistent for the last two years despite the introduction of age verification and other tools by technology firms. protecting children from harmful content will be a legal requirement once the uk's 0nline safety act is fully in force next year. social networks have introduced a number of measures aimed at ensuring that children aged below 13 do not have access to their platforms, but this report suggests the problem has not yet been solved. australia has moved closer to an outright ban on social media for children under the age of 16. lawma

a purely electric portfolio portfolio and yes, we firmly believe that the electric mobility is going to support a sustainable and so you are missing the future to disco was no longer costs. have to have massive investments in the electric vehicle sector. german also makers, including miss status bmw and folks via an over the past decade old gone to based when i heard that vast and ultimate curse represented by me see it is we're going to give up on the electric vehicles. i quickly check out the more serious germ of financial media, such as the reports in one of those blocks which said these what and vicious goals, according to the internal plan as mister spence am to achieve more than 20 percent of itself, is fully electric cars. in 2023, however, distilled, got based company, only managed to achieve electric share of 12 percent of the approximately 12 meeting costs delivered last year. given this pace, it seems i'm realistic for the traditional german ultimate carmen status to achieve its goal of fully electric sales by 2030. and so after our runs of criticism from the supervisory b

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it's something you put in your portfolio that has a different way of moving around. gold also does not have a stream of cash flow or anything but it is a value where you think of bitcoin like that and stick it in the same kind of sleeve in your portfolio. >> so what about analog bitcoin? what do you think about gold right here? >> i like it. it was very strong until the election. i think part of what caused it to sell-off is that people have we're expecting there to be a long count of votes and we wouldn't know who the president was but gold pulled back a little bit. gold is always a bet on geopolitical uncertainty, political uncertainty, its beene very well over the past 25 years and actually topped the s&p 500 and can keep going up. >> and definite worries continue, people might see gold that way. speaking of the longview us stocks had a great run, a cio i follow pointed out over 17 years the s&p 500 has beaten the msci by 320%. is that going to keep going? >> you can't really overstate just how well us stocks have done versus those abroad for the last 10, 15, as y

but the easterly portfolio is supersafe.sult. >> those shares up a quarter of a percent. jenny, great to see you. thank you. as we close in on the 6:00 a.m. our a few stories we are tracking. multiple reports president- elect trump is set to meet with kevin warsh and mark rowland today as he waits his pick for trump secretary. rowan has emerged as a top contender. >>> qualcomm says it expects to generate additional revenue by 2029. the company says 4 billion could come from pcs, something the co discussed while speaking with cnbc yesterday. >> we are really focus on diversifying the company. we said there are many markets that could benefit from our technology in addition to mobile. we see the opportunity to start scale revenue on pcs. >>> and the mike tyson-jake paul fight on netflix might not have been blockbuster, but it was a blockbuster for netflix because it attracted a lot of viewers. the streaming company says it was the most streamed mobile sporting event in history with 65 million live concurrent streams and 108 mi

michael cugino is here and he's president and portfolio manager. great to have you.ome. >> good afternoon, kelly. how are you doing? >> this is so unfair, i was going to check how much the s&p is up so far year to date. the number of people who say why do i bother worrying about asset allocation. everything i own just go easy m. >> in the teens that's exactly what happened, right? the equity indexes kept going up and all you had to do was buy equity indexes and watch them go and what do you need diversification for? markets change, and while the trump trade looks very one way and like it would last forever, i have a lot of questions as to what's really changed in the last few days other than the election results. >> the thing that i find notable is to some extent that there wasn't a buy of rheumor sell th fact, and the week before we had the trump trades already put on. what's also interesting to me is how much liquidity we have, and do you think it goes back to the fed as much as anything? >> the fed definitely impacts it and they're cutting rates and they've made a

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he's got it in his portfolio. fund, someone else will or it'll be put in a blind trust. i don't know how you do that. that's ooh going to be hard to do. now, bess en, on the other hand, will have some financial commitments, but i think his are more on the lines of how mnuchin was. he was a bigtime asset manager, he came to the trump administration and presumably put all his assets into a blind trust or basically let someone else run it. i think bess bessent, i'm misfrom announcing it -- mispronouncing it. liz: two different ways in -- >> kamala, congress get that right. liz: kamala. s what is the runup in fannie mae stock year the date? >> i think it doubled. i don't know. liz: up 159%. >> that's pretty close to double. what is a double? 100%. liz: double is 100%. >> bingo. >> i look at stocks al day. yes, i notice that this thing is way up. i think it's way up because, again, you know, not just paulson but every time, trump literally came this close to recapping and releasing him at the end he didn't do it. minut

let's bring in portfolio analyst at goldman sachs. >> yeah.ave interesting retail numbers coming in, small cap retailers getting ready for christmas and other things people get ready for. the january effect. part of that is that santa claus rally. >> seems like we are in a whole new regime. do you see it changing in a meaningful way this year? >> you have a much more stable economic environment in 2025 than we prepare to have in 2024. soft landing and hard landing. i think you have a better earnings environment than people were giving you credit for last year. >> i think the last time you were here, not working. even you admitted they have not been working for a couple of years. the goldman sachs small cap core, you are up over 20% this year. you are out pacing the russell 2000 right there up under 20%. you are 23.5%. what is the difference between this etf and the index? >> we start first with a quality approach. i think that is something people need to do in small caps. in the index there is a lot you don't want to own. there are things that

aspect that those firms offer and if so how big of an allocation is it into your portfolio? our allocators, less about do we need multistrat or not but what's the sizing. >> what about globally? you talk about dispersion, u.s. versus the rest of the world is incredibly split. is there interesting kind of people lookinging to kind of sift among the wreckage? >> tmt is a global story. supply chain and asia is a big factor. energy is a global story as well. if you look in europe energy security and energy transition, again, while green energy and electronfication as a sector not doing well, there's winners and losers. if you look at ai you need energy to power ai and that's a global story as well. in europe a valuation story and in japan and asia in particular clients seeing opportunity for engagement and governance. you are seeing global opportunities and hedged opportunities and so we think hedge fund is a great place to be. >> and we've seen not to be able to escape the crypto question. does that come into play for the funds you would look at? >> our clients look at every op

they demand a certain portfolio of energy. yes, the lights have to come on. but especially over time for their customers, they want a certain amount of renewables. what i've seen as governor is a private sector push that i do not think is going to change demands placed on states, demands placed on utilities, and the private sector ultimately moving us to a more diverse and cleaner portfolio. so here in kentucky, yes, we have many traditional forms of energy, and they have really good jobs. we want to make sure we never look down on, and we support each of those jobs. but my goal is to diversify our production as much as we can so that we have the jobs of the present and those jobs of the future. >> you've said kentucky has something like 10,000 jobs related to electric vehicles. you really made a big push on t that. during the campaign mr. trump vowed to undo the electric vehicle mandate, that's what he called it, and he's going to, he says, repeal the law that includes credits for green projects. do you know at this point if republican leaders intend to keep

every bank has some issues with the loan portfolio for the same reason.uld stay away from the banks that have a higher percentage of commercial real estate in their loan portfolio, but that is something that can be seen during due diligence and i see no crisis brewing. i see a much more positive outlook, which is that this is a sector that is absolutely right for consolidation, positive consolidation. my worry is the noises coming out of the sec prior to this were concerned about do we want this consolidation. i think it is really important for our economy. i think the service they are providing is good. i think this is a positive case for consolidation. i think we will see more of a positive attitude toward that with this administration. manus: whether it gets changed in terms of the renumeration, do you think this banner headline of d regulation will incorporate some kind of alteration to the banker bonuses? bob: i've not heard the word dodd-frank in so long. volcker rule, is that coming back? manus: is about the restructuring of the renumeration on the

it has a growing portfolio. including the u.s. and mexico. another name that has broken out since the election. 15%. i would be more cautious for some. here's the bottom line. we are hearing about all sorts of donald trump trades right now. many of these things have made insane moves in the last three weeks. they are feeling a little precarious to me. sustainable donald trump trade, bet on the natural gas and ecosystem. it has a lot going for it. he needed some cooperation from the federal government. that is why i can get to buying producers like e qt. fighting natural gas export stock lights, energy and some pro. i think they have money for the next couple of years, not months. they have all moved. they are nowhere versus where they could go now that president joe biden's anti fossil fuel team, has been burned, from one that is totally supportive of this industry. mad money, is back after the break. (♪♪) (♪♪) (♪♪) everyone has goals and dreams. and everyone deserves a way to get there. wherever you're going, getting there starts here. state

speculative stocks to have a place in the portfolio. pick one or two. i'm not telling you to pick a boatload of them. with the right amount of money allocated, the returns translate into much larger fund. i would certainly on one or two speculative situations. i can't. i am hearing what mastercard has planned for the future with the ceo. then should investors still consider income that raises the dividend for 25 years? i'm seeing if it's worth watching the pullback for the company's top risk. and running through the major earnings of my post. to the ceo run the stock over too much? stay with cramer. >> don't iss a second of "mad money." follow @jimcramer on x. have a question, use the hashtag mat mentions. or give us a call at 1-800-743 cnbc miss something? go to cnbc.com. it's all the things that keep this world turning. >> join us in celebrating native american heritage. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than

overall, i agree with the energy portfolio.u have a strong, reliant, affordable energy, the economy is going to move forward. maria: that's very important. i mean, what you just said in terms of the most important role of the secretary of interior, i could understand why he wants doug burgum in that role. trump chose combat veteran pete hegseth to serve as secretary of defense. critics are all over it, claiming he's unqualified because he has no government experience. pete hegseth did two tours in afghanistan and iraq and is a proud patriot. congressman, i know you served as a navy seal for more than 20 years. what do you make of the hegseth pick. >> i like that pick. he's a combat veteran. there's other secretaries about the same page, rumsfeld was the same age. perry didn't have military experience. what pete hegseth brings in is real experience. he won't be alone. there will be deputies around him. i'm excited about that pick as well. maria: president biden met with xi jinping in peru over the weekend. xi says beijing is pre

our diverse portfolio includes utvs, go carts, golf carts and e-bikes.lore electric investment opportunities. kandi technologies. it's our son, he is always up in our business. explit's the verizon 5gment home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. maria: welcome back. donald trump projected to become the 47th president of the united states, trump boosted by pennsylvania's 19 electoral college votes topping kamala harris by more than 100,000 votes. fox news' brian llenas is i

how important is that that the fed keep cutting to -- for your portfolio?yeah, it's really interesting many people equated 0% interest rates with a boom in our strategy. our strategy in 2017 and '18 had really good years. i think 87% up in '17 as interest rates started up, and then we are up in a down year in 2018. so this correlation to interest rates has been a phenomenon associated with this time, and i think the reason was the shock going from, you know, basically 25 basis points to 5.5% was a real shock to the system, and certainly reverberated. do we need lower interest rates? i think interest rates not continuing to go up unless we're in a very strong innovation-led recovery, then interest rates -- you know, short rates could stay around these levels. we don't think they will. we think we're in a bit of a sinking spell here and that we'll need a bit of time, maybe some new policies, and then we'll be on our way. so we don't think we need interest rates coming down necessarily. the other thing that has happened over the last six years is this concentr

the. >> commodities, having a global portfolio. maria: thank you. good point.'re about an hour away from knowing when the next generation of senate leadership is, and i'm curious to see whether senators go with the steady hand or with an outsider like rick scott. maria: yeah, we'll see. jonathan. >> trump is ready to hit the grown running in january, and the senate looks prepared to confirm his nominees. want to give a shout-out to bill mcgunly, the new white house counsel, it's going to be a terrific addition to the administration. maria: yeah. and we should also report and we can confirm that today when president trump is meeting with congressional leaders, he will be with elon musk. so elon will be walking with president trump today in washington. thanks, everybody. great conversation. really appreciate pit. we will see everybody tomorrow. thanks for being here. "varney & company" picks it up. stu, take it away. stuart: good morning, everyone. inflation picks up a

you have gold in the portfolio.ything that can move you to add bitcoin to your etf to help accomplish some of these goals? >> bitcoin is highly volatile. it can go up by 10% one date and down 10% or 15% on another day. if you want value you would not put bitcoin in the portfolio. the kind of assets we are thinking about our assets that do well when you have lower growth and higher inflation, whether there are treasuries, gold as a hedge against inflation, geopolitics, financial crisis, some exposure to commodities that will do well in a world of inflation and inviting me sustainable rates. it is a diversified portfolio of assets that have done well in this. i am skeptical about cryptocurrency because they are not currencies. they are not stable for value. if you want to stay away from those types of assets. caroline: we want to delve in a little bit to the markets for the s&p 500 one of the best years in history. shrugging off geopolitical risk after central bank concerns and inflation running warmer than had been a

fortunately that is only a small portion of our portfolio.he vast majority of it with the upper-income consumer continues to shop in its normal channels. vonnie: some of the items would be inflation hedges -- i'm thinking even diamonds. elias: correct. one of the things lugano has done so well is by taking so much margin out of the entire supply chain for the diamond and jewelry industry, we are able to convey value to our consumers, and our consumers look at this product as part of a luxury collectible rather than just an occasion-based jewelry purchase. by being able to do that, we are able to create things like inflation hedges for that consumer, and also growth in a functional asset. it is a very disruptive model, it is redefining how the jewelry purchase and where it sits in one portfolio should be. as a result, we do think it is a great inflation hedge, especially if you get tariffs and other inflationary inputs that come out of the new administration. tim: how are you thinking about lab-ground diamonds? we are seeing a lot of pressure

our diverse portfolio includes utvs, go carts, golf carts and e-bikes.ndi technologies. maria: welcome back. election day in america, and in-person voting already underway in several states. we have live team coverage this morning on the candidates' final campaign push. fox news' dana marie mcany mcnikoljoins us from georgia, wn with dana marie. the polls are open in georgia, correct? >> reporter: correct. good morning, maria. just about a half hour ago, 7:0e people behind me walking in and out of the polling sites. majority of people in georgia, georgia voters have already cast their ballots. shattering early voting records, about 4 million people already voted. a million people expected to come out in person today. that's according to the georgia secretary of state, brad rat who expectsthis could be a quic. he said he is confident georgia will report results even before some voters go to bed tonight. historically georgia does work quickly, 95% of ballots were couldn'ted on election night in 2020. this is the final push, the race to 16 electoral votes w