here to discuss is evercorp, roger altman.ope you had a nice thanksgiving. >> i hope you did, too. >> thank you. what's powell's next move, do you think? is there a cut? are they done hiking? >> i think the answer to that is most likely yes, they are done hiking. i don't think that, however, there rr going to be cuts until well into 2024, if i had to guess it would be mid-2024, and it depends on the flow of data between now and then and between how much progress and lack of it we see on inflation, but i don't think anybody expects that in this upcoming december meeting that the fed will move. it will be steady as she goes unless there's some shock in the interim which no one expects. >> so if you say cuts maybe mid-'24. you know how the markets work and they try to get ahead of that by a significant amount of time whether it is six to nine months. should i buy stocks now? does this -- does this momentum have legs beyond the end of the year because of that? >> i think the giant question over the market, scott, is not the fed be

roger altman on what's going on when the fed might cut rates.founder, ceo of rubicon and ground swell, as they aim to demock atize philanthropy. i hope you'll join me on "closing bell" for that. how about this amazon news, you see this? they have a blog which says they're introducing a new generative ai power assistant. this is your biggest position. >> it is. i love hearing it. they have $36 billion in free cash flow. >> we have about a minute left, so let's do finals. josh brown? >> another one of my losers this year was carlisle. but i think the stock may have bottomed. they have a new ceo who is highly respected. i'm hoping for a better 2024. >> okay. jimmy, all in, farmer jim. jimmy on the farm. >> we talked about it earlier. boeing is my final trade. you have to respect the momentum coming back from a very oversold position here. >> you have a lot of brush to clear on the show today. feeling all right? >> i had to clear the brush. i cleared the brush. i'm fine. >> what do you got? >> consumer staples. we do think that the consumer will con

rest of the hour the drama surrounding sam altman continues to highlight the divide in the future of ai, and its development. early phase google backer roger>> ahead of earnings tonight a lot riding on the results. >>> shares of lowe's and best buy dropping on the back of their earnings and outlooks, but dick's sporting goods soaring. what results are revealing about the state of retail and consumer big show still aadhe stay with us dow down about 70 points (♪♪) (♪♪) (♪♪) >>> welcome back to "squawk on the street." best buy shares falling. lowe's dropping. the company citing lower than expected do it yourself sales. dick's sporting goods surging after boosting its forecast. here is michael laser, ubs retail analyst covers all those, buy on lowe's, neutral rating on best buy and dick's. is it as simple as where americans are prioritizing their spending right now they're not buying electronics and home goods and they are buying, i don't know, sneakers and hockey sticks? >> i think that's right, sara. i think there's a few different themes playing out number one is there are certain products that are in demand like sporting goods, athletic ap