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schwab! schwab.ement. >> the game of vacation of the quantum computer is finally wrapping up and all it took was a one-two punch. it met its mark to knock him to the canvas. in the widest that i've seen in ages. saying, i'm not an expert in quantum computing but my understanding is it a ways off from being a practical paradigm . very similar to what we heard when it was said it could be 20 or 30 years before we are using wanting computing. i am glad they popped the bubble because quantum computing companies are money losers. take getty computing, please. the company sold 50 million shares at two dollars and traded $20 million and plunged back to $6 million. what is really going on? there is a game going on with nothing to do with quantum computing. the gamers come in early between 4:00 and 6:00 a.m. and they buy and buy some more. the short thing is easy money. let's say the stocks trade at 30 and then they take to 31 and 32 and 33 and higher. they can cover the opening and make a few bucks. then exc

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it's schwab. schwab. have a choice in how you invest with schwab. >> the whole story with anderson cooper tomorrow at 8:00 on cnn. >> welcome back. just before the break, i spoke with leading tech journalist kara swisher and british future think tank director sunder katwala about elon musk's interference in uk, german and u.s. politics, to name a few. and what's behind this sudden fixation? here's more of our conversation. let me quote to you, kara, something that baroness beeban kidron put out. she's in the house of lords. she's also very prominent in the online safety and that whole movement and getting it all past parliament. this is something she said. just recently, musk trolling british politicians and developing a sudden interest in child sexual abuse victims, and zuckerberg rowing back content moderation to follow ex into a vehicle for the right. a performative acts of businesses to curry favor with the new u.s. administration. much like the threat to buy greenland or occupy the panama canal, they

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schwab! schwab. a modern approach to wealth management. caught up on the latest happening with these devastating wildfires still raging across the los angeles area. at least 11 are confirmed dead and 13 are reported missing. the largest of at least five fires, the palisades of fire has burned over 21000 acres. it has destroyed over 5000 buildings. it exploded in size about 1000 acres over night and promising news is now 11% contained up from 8% last night. the second largest the eaton fire has burned over 14000 acres. it's claimed over 7000 buildings that make them a second most destructive wildfire in california is history. it's only 15% con contained ovee or 53000 people are under evacuation orders. over 57000 buildings are still at risk. a curfew is in effect from 6:00 p.m. and 6:00 a.m. for everyone under mandatory evacuation orders. support organizations are racing up the victims of the wildfire the red cross, the world's central kitchen and of course the salvation army. it's mobilized teams to help first responders and those in need

schwab! schwab. a modern approach to wealth management. >>> welcome back to "power lunch."in with your news update. the fighting of the fire in los angeles county. the blaze is 55% contained, up from 35% wednesday. the larger palisades fire is 22% contained, an increase of 2 percentage points from yesterday. welcome news comes as the santa ana winds have died down, helping to bring the wildfires under control. >>> florida governor ron desantis appointed moody to replace marco rubio. president-elect trump tapped rubio to be the next secretary of state. moody will have to run in a 2026 special election to team the seat for the final two years of rubio's term. >>> new court records show rudy giuliani settled today with the two georgia election workers he defamed over a $148 million payout. he falsely accused them of helping to steal the election for president biden. the settlement comes after giuliani failed to appear in court earlier for non-jury civil trial. he says he'll keep his new york co-op and florida condo under the agreement. back to you. >> thank you very much. >>>

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schwab. schwab! schwab.ch to wealth management. >> this was an act of terrorism, we recovered an isis flag from the back of the vehicle. jabbar declared his support for the terrorist group on social media, as i stated before as he made his way to new orleans. >> and with that let's get some expert analysis on the investigations into the new orleans massacre and the las vegas cyber truck explosion. joining us now our former department of homeland security secretary of stating secretary chad wolf and paul marrow. thank you for coming on the show. he says he joined isis before the summer and a lot of people are confused by. this how is it that one joins isis? do you have to contact somebody? do you just declare your support? how does it work if you know, paul? >> well, this is the brother talking, right? so we don't really know what we would categorize as joining isis, quote, unquote. very clearly in the brother's mind, jabbar took overt stepping of some sort that would have made him adherent to the world's mos

schwab. schwab! schwab.proach to wealth management. >>> president trump signing a number of executive order on day one. no immediate tariffs on china, but that said factories there are getting ready. we have more this morning from beijing. hey, eunice. >> reporter: chinese exporters are implementing various strategies to adjust to president trump's tariff threat. as i found out in the manufacturing belt of guangdong. hoping to beat trump's tariffs, furniture seller harry lee is doubling the number of products he ships to the u.s. and storing them in warehouses there. four out of five of his tables and other furnishings are sold to american consumers. lee expects the stockpiling will force him to raise prices, as much as 10%, even before the tariffs. "i have to ship them in advance and take on more rusk," he says. this water purifier maker is scouring the globe to supply the u.s. by creating a new production base outside of china. his company, tesran, is considering malaysia, vietnam, and mexico, but is leani

schwab. schwab! schwab. a modern approach to wealth management. >>> welcome back to "fast money."eal for u.s. steel could be in the works. sources telling david faber that cleveland-cliffs and nucor on partnering for an offer for the company after the white house blocked nippon steel's takeover bid earlier this month. the offer is said to be in the high $30 share change, later spinning off the big river steel unit to nucor. this is an interesting development, two u.s. companies coming together. it sounds like the deal could happen then. >> it's clear that cliffs could not have done this by themselves and that's why they found a partner with a better balance sheet. cliffs has had a tough time refurbishing their own stock. this has been about nippon steel coming in and actually spending money on infrastructure, maybe $6.6 billion, maybe more, keeping people employed. so is it better that two u.s. companies are coming together here? i don't think so. but ultimately bad for shareholders where the bid was, and i think it's about 40. >> i think there's still a deal in place, a valid dea

have you heard of klaus schwab? he runs an organization called the world economic that meets in davos switzerland once a year where people fly in in huge jets and and drive around in big black lincolns and and talk about climate changes, addressing the world and while they go skiing. this. so it's they're just there's a group they meet once a year. they're not shy about it. look it up. world economic forum klaus schwab it's it's out there and fink up until a year they'll the last couple of years i think was an attendee and a presenter every year. now he's not doing that so much anymore. there's been a lot of resistance to esg that drove that arose in the past couple of years when people figured out what it was. and so we're seeing less, i think, at davos. but davos continues and those people at davos, you know, klaus schwab wrote a book in the ninth, i think it's a 1950 or early sixties about stakeholder capitalism, said they've been pursuing this for quite a while. now. you know, they didn't call it stakeholder, so

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