robert frank on site.. >>> 17% short interest now in game stop and dollar general has missed on the bottom line in seven of the past 20 quarters. we'll bring you the action, the story and the trade on all these story and the trade on all these names, next. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire why are we the only birds heading this way? matching your job description. [ screams ] we're trying to get to jamaica. stay close and... everything will be all right. i'm ok. i'm ok. first time i connected with kim, she told me that her husband had passed. and that he took care of all of the internet connected devices in the home. i told her, “i'm here to take care of you.” connecting with kim... made me reconnect with my mom. it's very important to keep loved ones close. we know that creating memories with loved ones brings so much j

more rare. >> robert frank with the take on sports.>>> coming up on the show, speaking of sports, fenway group and more are in the final round of the key pga-liv deal. >>> and elon musk is looking to reinstate alex jones on x. jones was previously suspended in 2018 due to behavior po policies. >>> and imated coming of age moe "the boy and the herring" is the first to top the domestic box office. "renaissance" tumbling in the second weekend with $500 million in the box office. >>> and 700 million people are expected to fly during the holidays. this after a record-breaking thanksgiving travel weekend with u.s. security screenings at airports bring in nearly 3 million passengers per day. a lot of travel. "worldwide exchange" is back after this. grow thicker, fuller hair with just one capsule a day of advanced hair complex. conquer hair thinning... ...and fall in love with your hair all over again. only from nature's bounty. with gold bond... you can age on your own terms. retinol overnight means... the smoothing benefits of retinol. are n

robert frank is here with more. robert?edian rents in manhattan declining by 2% in november. that may not sound like much, but sit the first time in 27 months that rents fell in the nation's largest rental market. median rents now at $4,000 a month. average rent is still above $5,000 a month, and apartments are still 11% more expensive than they were prepandemic. but rising supply, falling employment in new york's financial and tech industries, and basic affordability issues are bringing prices down. brokers say landlords don't want to officially cut list prices, so many are quietly offering a lot of concessions, like a month of free rent or even free parking. better deals are leading to more rentals. the total number of leases signed in november increased by 10%, rising supplies suggest prices could fall further in 2024 with inventory rising 30% over last year. don't expect bargains, especially at the top. luxury apartment prices reached a record $104 per square foot, and the average rental price for a three bedroom, kelly

millionaires who moved out of new york during the pandemic may not have stayed away for that long robert franks us the details. robert >> new report from the fiscal policy center saying the wealth play from new york during covid was, in fact, temporary. the report said that new york lost about 430,000 residents between 2020 and 2022. nearly a third of them were making more than $172,000 a year yet by the end of 2022, that migration rate for those top earners returned to prepandemic levels the report saying 2400 millionaire earners moved out, but the state created over 17,000 new millionaires, meaning overall millionaire population actually grew despite that tax hike in 2021 not only is high tax earner migration largely a myth, but there is no need to fear for the state's fiscal and economic future, the report said. the state controller issuing a contrasting report, saying outmigration today still exceeds the prepandemic levels he said, given the importance of those high earning taxpayers, policymakees need to make sure the state remains an attractive, affordable place to work all this matters

robert frank, thank you. >>> news from palantir anti-semitism on college campuses front and center asal ivy league universities were called to testify in washington. in a post on x, palantir, the software company, saying they are committed to the rule as part of the mission setting aside immediately 180 positions for students who because of anti-semitism fear for their safety on campus and need to seek refuge outside of traditional establishments of higher education carl, just notable they're the only ones doing anything like this one of the very few companies, if any, that have actually come out pro-israel since october 7th. it's interesting given what they do, they have such a place in national defense and selling software to militaries >> a lot of commentary from the bill ackmans this week sara, we'll see you monday have a good weekend. let's get to scott wapner and "the half. >>> welcome to "the halftime report" am i'm scott wapner. front and center this hour, the state of the rally with jobs, inflation, and the fed in focus. we'll discuss and debate with the investment committee

robert frank joins us with more on that. >> andrew, good morning.ve been waiting for. median rents declined 2%. it is the first time in 27 months that rents have fell in the largest rental market. median rents at $4,000 a month. average rents are still above $5,000 a month and apartments are 11% more expensive than pre-pandemic. rising supply and falling employment in the financial and tech industries and affordability is bringing the prices down. the brokers say landlords don't want to cut the list prices, so many are offering concessions like a month of free rent or free parking. better deals are leading to re rentals. prices could fall further next year with inventory rising 30% over last year. don't expect bargains especially at the high end. luxury apartment prices reached $104 per square foot. the average price for th three-bedroom is $5,150. the prices started falling in july, but in new york city and manhattan, it kept rising through september and october. finally now, we had the turn. it also helps the overall inflation picture. >> that's w

robert frank joins us now. he has the detail from the survey. robert? >> good morning, david.f cash and they're worried about washington. cnbc millionaires survey where we poll those with investable assets of at least $1 million or more and found most millionaire investors say the s&p 500 will be up at least 5% by the end of next year. over 20% expect double-digit gains in the market in 2024 and 21% markets to be flat next year. they plan to cope about 40% of their total portfolio in stocks next year, about 18% in fixed income, still keeping a lot of cash with 25% of their investments in short-term money markets and cash equivalents. their favorite sectors for stocks next year are tech and financials. when it comes to the overall economy, though, millionaires are a bit more bearish. 42% say the economy will be weaker or much weaker next year. only 30% say it will be stronger. the biggest risk to the economy next year, they say, is government dysfunction. inflation still also a concern with the national debt, but millennial millionaires are the most bullish. about half say the

robert frank here's with some numbers that i guess was it a myth that wealthy were the ones departinghe fiscal policy center saying the wealth flight from new york during covid was temporary. the report said new york lost about 430,000 residents between 2020 and 2022. nearly a third were making more than $172,000 a year. by the end of 2022 the out migration rates for those top earners returned to prepandemic levels the report said 24 hundred millionaire earners moved out yet the state created over 17,000 new millionaires. the overall millionaire population during the pandemic grew, despite that 2021 tax hike in new york state. quote not only is high earner tax migration largely a myth, the report said, but there is no need to fear for the state's fiscal and economic future state controller tom denapoli issuing a report saying out migration still exceeds the prepandemic levels he said given the importance of high earners in new york state, quote, policymakers need to make sure the state remains an attractive, affordable place to work and live. this debate will only intensify as new yor

robert frank has been surveilling millionaires for the thoughts on the market and the economy. e worried about washington. cbc millionaire survey, we pull those with assets, we've got most millionaire investor say the s&p will be up at least 5% by the end of next year, over 20% expect double digit gains in 2024. 21 prospect expect markets to be flat. they're planning to keep 40% of their portfolio and stop next year, 18 fixed incomes keeping a lot of cash with 25% of the investments in the short term money market and cash equivalents. their favorite sectors for stocks next year are tech and financials. when it comes to the overall economy, millionaires are a bit more -- 42% say the economy will be worker much weaker next year. 30% will say will be stronger. the biggest threats to the economy next year they say is government dysfunction. inflation is still also a big concern along with national that. millennial millionaires are still the most bullish about the economy will be stronger next year. more than a third say markets will be up double digits next year. kelly? >> i was gon

robert frank has the results of cnbc's millionaire survey.ng moms. we will have that story and muchorwh me en squawk box continues. with the l'or barista system. enjoy richer, bolder flavors complete with velvet smooth crema. now brewing peet's coffee. >>> a beautiful live shot of the white house with those christmas reeves right there. >>> robert frank joins us now with the results of a new cnbc millionaire survey. what are millionaire saying? >> good morning. >> is there billionaire survey? >> not yet. we are going to work on that one. right now, just the mere millionaires are holding a lot of cash and they are worried about washington. the cnbc millionaire survey found that most investors say will be up at least 5% with over 20% expecting double-digit gains in 2024. they plan to keep about 40% of their portfolio in stocks next year. about 18% in fixed income still keeping a lot of cash with about 25% of their investments in short-term money markets. their favorite sectors are tech and financials. when it comes to the overall economy, they

robert frank has new data that may put that myth to rest. this is interesting.it me with it, robert >> becky, the report from the fiscal policy center says the wealth flight during covid was temporary. new york lost 430,000 residents between 2020 and 2022. nearly one-third were making more than $172,000 a year by the end of the year of 2022, those numbers returned to the pre-pandemic levels. the report said 2,400 earners moved out of the state and the state kcre created 17,000 new g. it grew despite the 2021 tax hike not only is the high earner tax h migration a myth, but no need to fear for the state's fiscal and economic future. new york state controller tom dinapoli said with high-income earners comprising a large share of personal income tax collections, policymakers need to consider any effect of the movement of taxpayers on state and budget matters new york has a $4 billion deficit next year. the report says they all left and the rate of migration declined after they left it is not a problem. >> what we call high earners 175, forget about that those people

so all to state that the the above robert oppenheimer and frank oppenheimer large even today and i recently thought when he came to the department of energy you can't turn a corner in the building without seeing oppenheimer start it like it imprinted somewhere in the building. sort of a different kind of legacy that that nolan taught that. christopher nolan talks to me about about oppenheimer having which is, you know, part of the reason why he wanted do this movie was that there one man, one personality really was able to make this project come together and he wasn't really good at math. he hated being in the lab you know, he well, he wasn't like a model scientist never won a nobel prize. he got bored of projects, sort of never followed up. you predicted holes and then nothing happened. you know, he did all these things, but he he had sort of a charisma and he had a way of bringing people together. and i think that that's kind of a legacy for scientists in that you don't nasa's you maybe you're not great at that. some part of your field but you can excel in another place and people's or so

they chose as their captain, robert armstrong and his brother, frank armstrong played. what's interesting about this team is, whereas the knoxville's are mostly union men, mostly from the north, gentleman who had come into the city at the end of the american civil war. i should go ahead and say, not carpetbaggers. that mythology of the lost cause of carpetbagging northern yankees coming in and exploiting the natural resources of the south, here in knoxville they were wealthy. you know, they look fondly on knoxville. they observed here. if you read their letters, they talk about east tennessee being the most beautiful land they had ever seen. and east tennessee women being the most beautiful woman on god's green earth. they came here, eager, invited to come here. married those southern daughters. they were welcome because they had those energy and vision of a new south they wanted to build. and yes, that meant to tap into our natural resources. they wanted to diversify the south economy, not just being an agricultural base, to help east tennessee and tennessee grow in pr

and they put together a club now they chose as their captain robert armstrong and his brother frank armstrong played. and what's interesting about this team is whereas the knoxville boys are mostly union men, mostly from the north, gentlemen who had come into the at the end of american civil war, i should go ahead and say not carpetbaggers that mythology of lost cause of carpet bagging northern yankees coming in exploiting the natural resources of the south here in knoxville were welcomed. you know they they looked on knoxville they had served here. if you read their letters, they talk about east being the most beautiful land they've ever seen and east tennessee women being the most beautiful on god's green earth. and they came here eager, invited to come here, marry those southern daughters daughters. they were welcome because they had the energy and vision of a new south, they wanted to build. and yes, that meant to tap into our natural resources and wanted to diversify the south's economy, not just be an agricultural base to help east tennessee, tennessee grow and progress. they don't fit

robert oppenheimer, the american physicist oppenheimer, spoke of hale doctor the rephrase frank, combined in 1945, just after the 1st successful nuclear weapon test in new mexico. he lived a team of scientists for 3 years, with a $2000000000.00 budget. to build 3 atomic bombs, giving the us incredible military superiority at the end of world war 2. found that it goes to serious damage across the yeah, definitely. but i remember we have a slow and then uh and what was he missed? which one? a facility. so thought he was going to do all of these skills shortly, and this is a for sure appointment to store at them. fortunately, may as lovely spoke to you all still have to be made to a voice squeeze me through. and they could give me a separate source. what were the do i knew a single surely, or a gun isn't stressed, money spent, or we're particularly in there. hold on a vicious thing. it's a sort of going to do. so let's do it what you on the yeah, i don't know what's the soonest check what you out the credit given is spent on the didn't yet we're on opposed to the best number to get you throu

robert oppenheimer, the american physicist oppenheimer, spoke a pound after the rephrase frank, combined in 1945, just after the 1st successful nuclear weapon test in new mexico. he lived a team of scientists for 3 years with a $2000000000.00 budget to build 3 atomic bombs, giving the us incredible military superiority at the end of world war 2. the found that it was to serious damage across the yeah, definitely. but i remember we have a slowing and doesn't was he missed which one the distributor. so thought he was going to do all of these skills shortly. and this is a for sure appointment to store out them. those are the minutes looking this look to the door still have to be made to of, of what scares me through. i know it could be a separate switch. what were the driving a single shortly or a gun? if i stress my pin, we're particularly up in there, hold on for sure. there is a sort of to go to scale what you on the yeah. for the most of them, you know, seems check what chapter of the credit union has spent. i know they didn't yet we're on a posted anywhere on the best number to go chec

robert teeter and lindsey bell. time to take a closer look. great to see you both. have a great friday. >> thanks, frank. >>> time for the check of the morning's top corporate stories with silvana henao. silvana. >>> frank, good morning. let's start off with gm. it plans to layoff 1,300 workers michigan next year as a number of vehicles will end production. including the chevy volt. the layoffs are set to take effect on january 1st. gm says it the will retool the fa the sl sthe facilities to bur trucks. >>> investors led by blackstone won the bidding for the largest exchange for the $33 billion loan portfolio once owned by signature bank which is auctioned off by the s.e.c. the deal includes more than 2,600 mortgage loans backed by retail and market rate apartments. >>> citigroup winding down the operation in the $4 trillion municipal bond market and what is called the most dramatic move to squeeze better returns from the bank. the exit will impact 100 staffers with many likely to leave the bank by early next year. the bank says the economics of the activities are no longer viable given our ability to i

robert plant was another convert. ♪ so, too, was carlos santana, cat stevens, paul simon, frank zappa, all of whom made the trek to moroccohere the story goes, he jammed up with the gnawa, fell in love with a local beauty, and wrote the hit "castles made of sand." decades later, actor bob wisdom told us the hendrix legend lives on. >> everybody in town will tell you that they hung out with him. that's not so. i've seen one person who had a picture of jimi. i don't know if it's a real picture, but i'll be honest. >> it's like george washington slept here. >> exactly. >> i knew jimi hendrix. >> i knew jimi. everybody knew jimi. you go in the medina, and it's like, oh, yes, yes. jimi hendrix, my friend, my friend. >> reporter: in fact, hendrix didn't even have a guitar when he showed up. and "castles made of sand" -- sorry, romance fans -- was recorded two years earlier. but why spoil the story? in the medina's winding alleys, it didn't take much to find the spirit of jimi. >> look at that. jimi hendrix. i'll be darned. >> reporter: and if you close your eyes, he's here at his namesake cafe, blaring out from fuzzy speakers t

robert. appreciate your call this morning. let's go to seattle now. frank is on the no line.ller: thank you for taking my call. e ther, recent call -- the recent caller, he took the words out of my mouth. should call it the big blue marble the earth as we know it, we can call it -- we are able to realize they measure the temperature, and we call it karma change all we want, but i think knowing that there are other galaxies and solar systems and other planets, there is no way we can pinpoint the cause of what is happening as we are not intelligent enough. i do not believe. to label a change and base it on our intelligence. we are capable. you know how big -- we landed -- we go to other planets. telling ourselves -- we are telling ourselves this. but for communication's sake, yes, it is good we are aware that this part that we are not -- we are insignificant compared as your last caller just referred to mother nature. our ability, we know the temperature everywhere. host: all right, frank. i think we got your point there. we will need to move on. cj is calling from niagara fall

robert. appreciate your call this morning. let's go to seattle now. frank is on the no line.ller: thank you for taking my call. e ther, recent call -- the recent caller, he took the words out of my mouth. should call it the big blue marble the earth as we know it, we can call it -- we are able to realize they measure the temperature, and we call it karma change all we want, but i think knowing that there are other galaxies and solar systems and other planets, there is no way we can pinpoint the cause of what is happening as we are not intelligent enough. i do not believe. to label a change and base it on our intelligence. we are capable. you know how big -- we landed -- we go to other planets. telling ourselves -- we are telling ourselves this. but for communication's sake, yes, it is good we are aware that this part that we are not -- we are insignificant compared as your last caller just referred to mother nature. our ability, we know the temperature everywhere. host: all right, frank. i think we got your point there. we will need to move on. cj is calling from niagara fall