seema mody is here. good morning, seema. >> good morning, tracy, good to see you. several major banks are already responding to the federal reserve news to hike lending rates. the banks lend to their most trustworthy customers. >>> facebook may be looking to add some original don tents to your news feed. the social media giant said it's has video feeds of licensed content including sports. to take advantage of things while people are watching stuff on their phones. >>> and now the market continues the upward climb following the fed rate hike. investors are grappling with the fed could raise rates three more times next year. dow marched towards 20,000. the best performance in more than a month. the dow dropping 118. nasdaq falling 27. tracy, back to you. >> seema, thanks for that. tough going when you're stuck behind one of these. next hear why police in new jersey pulled over the driver and charged him. >>> also making the road safe and tell you what new jersey transit is doing in the wake of this deadly train crash. wewe... get... angry. out of control, mad to the

seema mody is here. seema? >> 11-month highs really led by italy.is the best-performing europe crayon stock market. shares up almost 12%. reassuring news from its new prime minister today saying his government would be ready to take action to support the troubled italian banking sector. speaking of the italian banks, unicredit surprises with a drastic overhaul, largest bank of italy announcing raising 13 billion euros to shore up its balance sheet and unload 18 billion euros of bad loans. the share issue was planned for the launch in the first quarter of 2017. shares are up 30% so far this month but still have lost half of its value year to date. now a different story for the miners, which are falling. production data out of china. anglo american, down 2.6%, reporting a slow down in diamond sales at debeers. it's blaming india's cash crackdown, a move unveiled by the prime minister is now hurting global companies like debeers, the largest producer of diamonds by value. guys, back to you. >> seema thank you very much for that. seema mody. we'll take

kelly. >> thank you, seema. this is an area of market that could use good news.h-profile drug failures recently. >> something like this, huge adjustable marketa lot of people that could theoretically be targeted. >> do you think we were saying last hour health care sectors jump in participating new highs going forward. >> i think parts of it. >> i think the whole pricing issue, the horse is out of the barn on that, whether clinton won or trump, there's doing to be pricing pressure on these companies. especially high multiples. high multiple tech, health care, they may see rallies but longer term rotation away from these higher growth companies, higher multiple companies and into lower multiple cheaper value stocks. >> then not knowing what obama care revamp is going to look like. >> a lot of questions hanging over it. time for cnbc news update let's get to sue herrera. sue. >> here is what's happening this here everybody. a judge declared a mistrial in the trial of south carolina police officer charged with murder in the shooting of an unarmed black motorist. inj

. >>> joining me knew, seema meta, and the congressional reporter for "the hill." good afternoon to you guys. >> thanks. >> seema, with trump tweeting about china and the drone incident, what's conventional wisdom on that? is he tampering with all of this before he's in office or touching on it and then i shouldn't mention it necessarily, but a lot of people are tweeting about the fact he spelled unprecedented wrong. it was kind of messy, frankly. >> it's what we have seen throughout the campaign. and so it's not -- i don't know that it's surprising any more. but it's a different kind of president-elect than we have seen before, in that he is used to communicating directly with the supporters and doesn't look like he has any intentions of stopping. and we saw that with the china tweet, with his tweets in the last couple days about russia where he sort of for the first time acknowledged there is a possibility they tried to interfere with our election. so it's a continuation of what we have seen where he enjoys communicating without the media. not even the filter of

thank you, seema.ime for our news update with sue. >> here's what's happening this hour, everybody. vice president elect mike pence helping to distribute meals to people in indianapolis, telling records later it's important to help those less fortunate at this or any time this year. >> i felt it was important to continue a tradition i've had throughout my life of stopping by and giving encouragement to ministries. it's christmas week, we're all hurrying around, but it's a great time to remember that this giving we certificate. >>> mexican authorities combing through a fireworkssh market, parts of the market have reduced to charred debris and wrecked metal. >>> in six months since pokemon, players have collectively walked a.4 bill onmiles, according to the company behind the game. in terrestrial terms, that's more than 200,000 trips around the earth. there you go. >> is that still around? >> that's still a fact toyed. >> maybe that's what killed the fitbit. why put a thing to watch 10,000 steps when you

for that and the rent of the news before the bell, we turn to seema modi live at cnbc world headquarters. >> wall street will try to head into the holiday weekend on a positive note. futures are higher. storks did sell off for a second straight day yesterday. the dow has not had a back-to-back loss since before the election. the dow jones industrial average still on pace for a seven democratic week winning streak. the dow falling 23 and the nasdaq slipping by 24. now, consumer reports says it can't recommend apple's latest macbook pro on concerns on the battery life. the first time the magazin has ever withheld a recommendation on the apple life. it says it tested three different models and the battery life varied widely. something customers have also complained about. switching to amazon, amazon says procrastinate all you want with your christmas shopping. it's extending the deadline to order items with the prime rush delivery service which is available in 30 u.s. cities. you have until 9:45 p.m. on christmas eve to ensure delivery by midnight on christmas day. great news for the last-m

good morning, seema. >> let's start with markets attempting to resume the upward climb following theed's first sbefest rate hike in a year: it could raise rates three more times next year depending on the state of the economy. the dow with its worst one-day performance in more than a month. the dow dropping 118, nasdaq falling 27. major banks are already respondings to the fed rate hike. jpmorgan, chase are raising prime lending rates effective immediately. this is the rate at which banks lend to their most credit worthy customers, used as a been ch mark for credit cards and small business loans. it's new, big and bad. yahoo! disclosing a breach that took place in 2013 that may have resulted in the theft of data of more than a billion user accounts. this is separate from the breach yahoo! disclosed in september which affects 500 million accounts. yahoo! says it doesn't ap prior the two incidents are linked. hackers may have stolen passwords, security questions and answers. yahoo! is urging users to change all their passwords. >>> right now uber is not backing down, at least not yet.

let's go to seema mody. seema? >> leading the pack, rising to an 11-month high.argain hunters are now stepping in, following the italian referendum. the italian banks are on track for their best one-day gain since mid july and are back above the prereferendum levels, up nearly 13%. skip over to monte paschi. state bailout for this troubled lender and government decree finalizing the deal could be rushed. the bank must raise 5 billion euros by the end of december to avert the risk of being wound down. ecb meeting. intelligence this morning says if the monthly purchases of bonds worth $80 billion euros are to be extended the ecb will need to change the program's existing procedures given the scarcity of availability to buy. that's something to keep in mind. euro trading at 107 against the u.s. dollar. carl? >> seema, thank you so much. new reports amazon go may only be the beginning when it comes to jeff bezos' plans. studying at least three formats of physical food stores including curb-side pickup and multiformat stores they're calling it. 2,000 locations across

. >>> to talk about all of this and more, i want to bring in seema menta from the l.a. times, and molly cooper from the hill. ladies thank you very much for joining me. seema, i want to start with you. we just heard from the president, his final address of the year. what do you make of his legacy and does he have to fight for it? >> i mean, he clearly believes he does have to fight for it. we see this in the steps through his executive actions and through the statements he's making, meetings with democratic lawmakers upcoming. efforts to protect his legacy. obamacare, his foreign policy decisions. his immigration policy. we know he is completely at odds with the president-elect on a number of these issues. and the president-elect has vowed, the first day he takes office to use executive actions to really try to overturn much of the president's legacy. >> let's turn now to congress, molly. i want to ask you about, you know, this news today that a -- that a computer at the vermont power company was breached, potentially. is this the kind of shout across the bow that just

seema mody. >> president obama has issued an executive order to block a chinese investment fund from buying the u.s. business of axe tron, citing risks to national security. ax tron, which does have assets here in the united states has said in the past if the -- the deal would be called off if president obama opposed it. it is a deal that is worth less than $1 billion, but the timing is interesting, melissa, given the wave of outbound chinese m & a we have seen in 2016. and is it a sign that washington is going to play a more pivotal role in cross-border m & a. >> all right, seema, thank you. let's be clear about this. this is a deal that was blocked on national security concerns, ax tron has a subsidiary in california. generates 20% of sales out of california and has a military application for its devices in satellite communications and radar. so that's the reason why he is doing this. >> you're probably going to see a lot more chinese m & a coming into the u.s. in 2017. i think that will be a theme, because that's how chinese companies are going to get the money out of the country.

let's hand it over to seema mody. >> trying to find names not participating. take a look at shares of urban outfitters down about 3%. the apparel retailer gave guidance saying fourth quarter comparable sales in the low single digits signaling better performance than the rise predicted by analysts. despite the losses shares of urban outfitters up about 40% year to date. >> seema, thank you very much. joining me on the floor of the new york stock exchange with 25 minutes left in the trading day. what is your guess? do we do it today? after the fed meeting? >> hopefully the fed -- >> depends what the fed says. i think a lot is built into the market. i don't think we do it today. we are going to get there. the trend is definitely higher. we are approaching strongest time of the year. we have a running joke that we only invite you on on rally days since you are skeptical. you with this rally here. you understand why the market is going up at this juncture. but for how long do you think? >> we are going to get into the first hundred games until he gets a chance to p

now to seema mody. >>> we're tracking all parts of the market rally.nd one part of the market rising steadily since the trump -- since donald trump won the presidency is the home builders. industry group is showing gains amid the overall market rally. xhb up more than 2%. shares of pultegroup, lenner, dr horton and toll brothers up 3% higher. >>> more new record highs to tell you about. right now, the dow is up about 261 points. and in the month since the election, the dow has gained more than a thousand points of loot. how can you keep making money in this rally? that's next on "power lunch." ♪ it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average? >>> welcome back to "power lunch." a newsletter concerning spacex. it is

not just italy, seema mody has that at hq., seema. >> carl, it is a very interesting session indeed in europe with stocks there outside of italy moving higher and shaking off those early session jitters. this despite matteo renzi's defeat and the rejection of the constitutional reform, which does introduce a new bow to political uncertainty across europe and would likely embolden this populist antiestablishment view like the five star national front and northern league, the two populist parties in italy. but not to mention other leaders across europe that hold the antiestablishment view, including marine le pen, who has welcomed the italian referendum result saying after brexit and the italy no vote, it adds a new people to the list of those who would like to turn their backs on what she calls absurd european policies which are plunging the continent into poverty. but a very different story in austria, which held its presidential election over the weekend. the center right leader alexander van der bellen defeated the far right

>> thank you very much, seema. seema mody.arkets are hitting some raps in the states, of course, as the march to 20,000 on the dow continues. let's bring in art cashin, ubs director of floor operations. given up a little more on the s&p as we've gone along this morning. >> it's not actually disturbing but it's annoying that this watched paot we're looking at here, the dow slipped below 1,900, that may begin to dishearten people a little bit. the interesting thing we've been saying is that while they haven't gone through 20,000, they haven't strayed too far from it. so that's been reasonably good. i'm beginning to see some signs of selling in asia, particularly in the emerging markets and that may be the other side of the coin on the trump rally that they're beginning to wonder if he's going to look for border adjustments and other things that may make trade a little bit more difficult, and they're going to have a tough time with their companies over there making things whole. now, it might just be short and temporary, the abse

host of other problems that seema had said, facing her prior to this change. >> well, listen.e're going to talk about tech and the meeting with the president in just a second here. here's a great exactly of carl icahn, a guy for all intents and purposes, looks a lot like our president-elect. they're just looking at stuff -- on the wrong side of history here. so ride-sharing is going to destroy a company like hertz, doing this. if you just look at the rise -- >> how did you just weave in -- >> it's not a political comment. it's just obvious. like look what's going on here. president is calling these tech leaders -- doesn't get what they do. doesn't have a computer on his desk. >> why do we assume he's on the wrong side of history when it comes to the tech leaders? >> he keeps talking about hertz like it's something -- >> he's also an invest are in loft, isn't they. >> yeah, but that's a hedge, i guess. >> disregard that last statement. >> let's talk about this tech meeting. technology. the best performing sector today as some of the biggest ceos of europe are meeting with presi

back to you. >> thank you, seema. accelerated toward a record high, one sector has been stuck in low gear. let's bring in phil lebeau. >> i like that pun right there, john. we're talking about the automakers. this is a sector back in 2009 when the dow was first starting to move, you might have thought maybe these guys could get some juice as auto sales improve. gm, ford, issues with the ignition switch and sector that tends to move early in the auto cycle not relative to the stock investment cycle but the auto cycle. look at auto sales, annual auto sales going back to 2011, that's when you start to see the acceleration auto sales. back in '11 and '12, since then people tend not to be invested in auto stocks since the end of the cycle. one exception in terms of which automakers have performed or outperformed, dow jones industrial average take a look at shares of tesla, june of 2010. kind of meandered around. i remember it was $20 with the stock price and, boom, then it took off. now it's up 983% since it went public in

seema, thank you. >> it really does.t was a great buying opportunity in the early part of the year for emerging markets. a lot of those kind of left behind areas of world. it seems to be interesting to have been timed during that february 20 g-20 meeting, and now you have pimlico saying there is a cold currency war going on. that's supportive of equities right now, but it doesn't feel like a very stable relationship all around. >> it's so true. so many times the flip side of emerging frontier markets is just the fact of whatever the dollar is doing. if you're a u.s. investor, if the markets are down but the currency is up or the currency subpoena and the marke is up and the markets are down, you can't get away from that. >> we'll see what happens in the next couple days in the coming year. >>> the dow still up 8% since the election. bonds have fallen 9%. up next, two financial planners tell us whether stocks or bonds are the better bet for the new year. >>> and the big business of college football bowl games. the number

for cnbc business news, i'm seema mody. >>> is it a bird? is it a plane? is it an amazon warehouse? the e-commerce giant is turning to the skies for its latest project winning a patent to develop airships equipped with drones to deliver packages. the airborne fulfillment centers would fly at around 45,000 feet and could provide a base for delivery drones. the application was logged about two years ago but only just discovered bay tech research firm. >>> back on land, the trouble may be brewing. the founder of run dmc has filed a lawsuit against amazon for the alleged sales that infringe the dmc trademark. >>> snap is telling investors it should be considered in the same class as apple and facebook. that is according to the "wall street journal." the paper also reports that s p snapinc is trying to reassure investors it will be like tw twitter, and languish. it looks like snap is trying to dispel confusion among investors. do they want to get a message across that they're not a one-trick pony? >> the whole idea around twitter is tweeting. one product that they came to market with. sn

i'm seema mody with this news alert.re watching shares of eli lilly gain momentum here on announcement that the fda has approved jardiance. eli lilly a player on this. shares up 2.5% on this fda approval. back to you. >> companies are not going to leave the united states anymore without consequences. not going to happen. it is not going to happen. >> that was president-elect donald trump in indianapolis yesterday drawing a line in the sand on american companies taking jobs overseas. that no doubt sending shivers down the spines of american ceos. shivers also being felt in mexico with carrier deciding not to ship out as many jobs to its plant in monterey, mexico. michelle caruso-cabrera is outside a carrier plant in monterey and joins us live. >> local politicians thought what donald trump was doing was very anti-capitalistic, hypocritica hypocritical, a politician trying to direct where capital and investment should go, they think that's akin to banana republic. we're outside of one of four carrier plants where they manu

back over to you, melissa. >> thank you, seema mody.lockheed, f-35 was a much bigger deal, 20% of revenues in 2015. >> right. >> so here we have the dip in the afterhours session. remember, the ceo's just met with trump at mar-a-lago in florida yesterday. we did not hear from the lockheed martin ceo. she simply left the meeting. >> we speculated why one ceo would have something to say and another would not. it's right that the stock is down. this could be second derivative trump tweeting. so you're actually at a place where he's saying, yeah, go out and bid it out. the f-35 could easily be swapped out apples to apples and this could still be a very aggressive play. they've been quiet at lockheed. >> lockheed doesn't want to be on the wrong side of the u.s. government. u.s. government business was 78% of their revenue in 201 6. >> we made the point that boeing was probably a better stock to own given a choice between the two because of the tremendous percentage of revenues the f-35 is for lockheed martin. we actually said you probably wa

seema mody is back at post 9. >> early christmas gift from mr.i, european stocks moving higher after the ecb announced it would extend asset purchases but at a modestly slower pace. however, ecb president mario drag hip said he would rule out the prospect of additional purchases. listen in. >> if in the meantime the outlook becomes less favorable or if financial conditions become inconsistent with further progress towards a sustained adjustment of the path of inflation, the governing council intends to increase the program in terms of size and/or duration. >> a dovish taper or a market ease? markets were a bit confused how to react to the statement and that confusion well telegraphed in the euro-dollar chart. it initially surged against the dollar on the news of the ecb expanding asset purchases but swung sharply lower trading at $106 against the u.s. dollar. the german dax jumping to a new high. the banks also getting a lift, trading at levels not seen since january. the stocks 600 banks index closing higher by more than 2%. when it comes to pol

back to you. >> seema mody, thank you, with the latest from hedge fund manager marc lasry. guys thing? if hillary clinton had won, would we be talking about record highs on the dow, the s&p, the transport, the russell, day after day? >> most certainly not. i read a stat yesterday that a third of the dow jones industrial average's rally since november 8th has been jpmorgan and goldman sachs. it's a priority weighted index. the bank stocks would not be acting this way. they might have moved higher, we would have had a rate increase with the near probability as we have right now but they would not have been dragging up an index, in my opinion. technology stocks might have been doing better because they've actually held back since then. it's been a lot of rotation. for all intents and purposes, other than small caps, we're only up 5, 6%. >> there's no way you would have gotten this rally if you had a split house congress. the fact that you have people to make structural change in the first six to nine months. >> close to a republican sweep. >> it's an election relief, yes. that

seema, thank you very much. as we have noted, we are again getting close to that dow 20,000 mark.ning us now, peter costa, empire executions. yesterday i think it was 35, 36 points we got within, hawkish fed sort of brought us back down. now we're back um. why are we suddenly not afraid of the fed like we remember just, what, 12 hours ago? >>> i think that what happens after the fed speaks, and we saw what happened, a lot of that is computer-general rated selling. and, you know, that's not -- i don't think that's a sentiment. i think it's just there are certain programs that are just geared towards negative or positive comments from the fed, you know, like a whole underlying web of computer models that look for this stuff. and i think that's part of what happened. the volumes weren't really that big. so it wasn't a big sell-off. >> did you expect 20,000 to come sooner than later? not could. anything could happen. will we hit it today? >> i don't know about today but today or tomorrow you'll see it at some point. we have triple witch ets, expirations tomorrow, which will lead to a

seema? >> happy monday.tocks in europe, as you point out, retreating from 11-month highs as investors look to the upcoming fed policy meeting, but we should point out there are some select markets outperforming the oil and gas makers. sharply higher on the non-opec members agreeing to a production cut. italy's eni and royal dutch shell all up sharply. russian assets, including the stock market and currency are also gaining ground. in fact, we're looking at the russian ruble trading at a 14-month high. remember, russia, which produces more crude oil than any other country, will benefit from any sustained rise that we see in the price of oil, as its economy tries to turn around. meantime, a mixed session for the italian banking sector after the foreign foreign minister has been appointed as prime minister. it's widely seen as a solid pick following renzi's resignation. i want to show you shares trading higher saying that it will make a last ditch effort to raise 5 billion euros before the end of the year to av

>> seema, thank you. a lot happening overseas and yet the markets taking it in stride. thank you. amson is being awarded a patent for a giant flying warehouse that will act as a launch pad for drones to deliver its products in just minutes. the e-commerce giant describing olympian plans for as you can see here an airborne fulfillment center, like an airship or a blimp that would float at an altitude of around 45,000 feet. they say that kind of high platform would give the germans a chance. they could almost skydive. skydive off it. >> glide down. wow. >> this is amazing. apparently they were granted the patent back in april. but man, here are some of the drones that he've been working on. >> there's some history of patents bag little bit of a tease, right? just in case anybody's going to go this far, let's put a flag in the ground on this. >> they can't even get clearance to test their drones in this country, we're going to be a very, very, very long way off. >> this is an excellent point. does donald trump -- >> floating warehouse. >> a lot of drone regulations. they go to the uk

let's get to seema mody to tell us how they did. >> hey, jon.n stocks mostly higher today as investors continue to focus on the ecb's dovish report. the italian banking index witnessing its best week in four years and hedge fund investor mark lazry telling me exclusively that political uncertainty has made italy a good distressed stunt. >> when up sort of what ice going on in italy and people are nervous and worried, ultimately that does for what we're investing in, it forces prices down. >> meantime, the european stoxx 600 index posting its best weekly performance in ten months up more than 4%. good week for the united states and for europe. >> seema mody. got more on this breaking news out of 21st century fox. david faber rejoins us at post 9 this morning. david? >> thanks, carl. you guys of course covered the headlines there. in fact, somewhat unexpectedly perhaps for those who have been following it closely, 21st century fox making another attempt to acquire what it doesn't already own of bskyb, call it a little over 60% of the company it do

i am seema mody. get your business from cnbc news. >>> holiday shoppers are planning to have hatch a moles in limited stock but expect them to sell fast. many stores sold out for weeks. they're interactive and begin the hatching process. >>> the largest mall has its first black santa. mall of america hired larry jefferson to wear the red suit and requests from kids on his lap. he says so long as there's love in your heart, anybody can be santa. perfect day to get to the mall, see santa, give him your wish list. >>> meteorologist krystal klei has details of the forecast. it will be cool. people can get warm in the mall. >> it is starting to feel like the holiday season, it is chilly out there. if you stick around for the extended forecast, it is very cold. let's take a look in wilmington looking outside. still dark out there. we are dealing with winds. breezy this morning, windier moving into the afternoon. you're going to notice it as you step out the door. here are current temperature readings in the

back to you. >> seema, thanks so much. thank you for joining us on the halftime report today.head over to dom. what do you have for us? >> earlier this morning we told you about some headlines about the department of justice looking to possibly file charges in a generic drug price fixing scheme. we have details of those charges coming from the department of justice. it involves a smaller pharmaceutical company called heritage pharmaceuticals and two former executives. the justice department press release says that these two former senior generic pharmaceutical executives, jeffrey glazer, and also a jason mali were charged for their roles in conspiracies to allegedly fix prices, rig bids, and allocate certain generic drulgz. that's what was announced today. they also talk about this idea and dow jones is reporting that poenl plea bargains with these executives could come soon as far as a source familiar. these are the first in an ongoing justice department probe overall for generic drugs, but still, some company -- a company, some names to put forward. these allegations now bei

seema is at hq. >> stocks mostly lower on the first trade daigh of december in europe.his despite data showing eurozone manufacturing pmi rising in november to, get this, a 34-month high. the broader market, though, posted a gain from november, marking its first advance in after two straight monthly declines that we saw in europe. we're only three days away from that much -- the highly anticipated italian referendum where the no vote once again is leading, raising uncertainty around prime minister matteo renzi's political fate. keep in mind, also in focus on sunday is the austrian presidential election. also set for this weekend. two candidates, norbert hoffer, and alexander van der bellin is leading the green party. polls show the candidates are neck in neck. if hoffer wins the presidential election in austria, jpmorgan says it will highly influence the opinion of other elections in the euro area coming up over the course of the next 12 months and also raise the likelihood of this anti-establishment momentum gaining ground across europe. so two political events on the

. >> seema mody in the newsroom, carter, it can create a buying opportunity with wine stock?> there is a lot going on here. commodities, again, you have butter, eggs, cheese, you have, of course, steam and gold, but what i thought i would set up is the current spread from what you saul salt or food stocks and raw industrial commodities, the objects are clear the blue line is raw industrials, the lager, the green line, food stocks, in the middle orange is all commodities of which these two are a subset. this is the chart absolute. if i were to freeze all commodities and hold them as a constant across the screen. there's the orange line but a different way. all three absolute. i'm going to expose the spread between the lagers and the leaders. let's do it on a longer term. there they are, slurkts five years, raw discrims up here. food stuff is down here. here's the spread. let's do it even longer term. this is since all data begins. here's the spread. now this has only happened five times in history, where you have harder basis points and spread. so 15% in either direction, in f

let's get to seema mody back at hq with an update. >> hi, michael.y interesting to see that despite that strong industrial profit number we got out of china, stocks in europe are mixed. the ftse 100, though, near a record high after having been closed for the last two days for christmas and boxing day. the rally really being helped by the miners. we're looking at bhp billiton up. and investors are digesting the sales data. is weaker currency drawing more foreigners in, and is political uncertainty stopping consumers from buying goods? at this point, the data shows it's too early to say, but the big names like tesco and marks & spencer trading lower in today's trade. meantime, focusing on european financials, specifically the spanish banks with ties to mexico. the concern by some analyst sthas president-elect trump's policies could be bad for mexico and hurt the banks with exposure to mexico, like banco santander. they're up since the election but underperforming the european banking index. now, meantime, politics. uk government is bracing for more br

i think this was a very smart move, as well as seema ver ma, who's going to run medicare and medicaid. >> but jessica, you had pointed out, it's a lot easier said than done taking this thing apart. and the longer it goes on, the harder, still. >> you have another election then, right? >> you read my mind! and is that what your hope is, that this is resolved in a follow up election? >> yeah, i think so. i think at the end of the day, that obamacare isn't going to be repealed. donald trump has spoken favorably about a few of the aspects of it. you think about this for years, and also look at how americans feel about it right now. the kaiser family foundation just released a poll showing only 25% want repeal. and since the election, there's a significant drop -- >> 75% are not getting -- >> what? no! come on, be fair. it's a lot of people. >> the way that this is going, is it really going to get done or is it looking tougher now than they thought? >> i think it's definitely going to be tougher than they thought. but i think they have a lot of support of the american people to fix this th

seema mody is in the newsroom breaking down some of the big moves. >> it's been a big year for commoditiesas you know, not everything has participated in the rally. here's what we mean. let's start with the good. take a look at copper and plate yum up a respective 33% in 2016. the two getting a boost from the trump rally and now sitting near 52-week highs and then there is gold and silver, which have been hit hard lately but both still up double digits this year. and crude oil is also surging up 40% in 2016. on the flip side, the soft ages, things closely tied to farming are getting dragged through the mud. corn futures down 3% this year and there is wheat, down 14%. and sitting close to a 52-week low. there has been one bright spot, soybeans up 19% year-to-date. but prices are down about 15% from their recent high. the strong u.s. dollar as well as oversupply concerns have been a headwind for many in this space. whether or not the soft ags can firm up remains to be seen. >>> so carter, you say this divergence could create a buying opportunity of one stock. >> there is a lot going on here.

seema, thank you.we come back, the president-elect's jobs announcement and how businesses should be preparing for this new trump era. harvard business school's bill george weighs in. much more ahead on "squawk on the street." the dow's up 26 points. i just wanted to thayou for walking me thrgh my first optio trade. wenldo it for evyone gary. well, i elretty smt. ll, we'rall about educating wpelwell, t rry, strategies. i wot let this accomplishment go to my hd. m ilthe same old gy. wait, u forgot ur french dictiona. m ilthe same old gy. oh, mucho acias. wait, u forgot ur french dictiona. get he on options trading with inkowim, only at td ametrade. you got it! if you're ing to wish, wi big aths december tot up to 500 customer cason sele016 an2017models for . se lexuseale >>> good morning everyone. i'm bill griffeth. here's your cnbc news update this hour. a new cease-fire agreement has been reached on syria, vladimir putin saying the deal is backed by both russia and turkey, who have supported opposing s

. >>> let's send it over to seema mody. >> cintas missing street expectations.he provider of uniforms for employees as well as first aid and cleaning products did register a slight beat on revenues in the 2017 guidance in line with estimates that shares which jim cramer has deemed ultimate trump stock as he expects it to fly higher when president-elect trump is in the white house has gained about 10% since the election. the company's earnings call set to start at 5:00 p.m. eastern. >>> startups reached multibillion-dollar valuations and many becoming wary. many startups are raising cash by piling on debt instead of equity. could issues in the private market spill over into the public arena? joining us now is founding and editor and chief at the information. welcome. >> hi, kelly. thanks for having me. >> the debt levels of some of these private companies do seem quite high. >> i think it is high if you compare way back to the last boom but higher than recent years. we have seen rising debt loads on companies and we are also starting to see reported information t

i'm seema mody. take a look at shares of avx.ys it's been notified by japanese electronic play eer kyocera. we're looking at shares of avx down by 5% right now. >> thank you very much, seema mody. time for street talk. daily dive into the key wall street calls of the day. holiday week, harder and harder to find them. four of them. >> these are all the wall street calls. not the ones we like. these are all of them. >> the ones we could find. finish line, credit suisse more cautious, lowering the price target to 19 from 23. it was unable to lapse significant execution efforts last year. that means the analyst does not have conviction that exhaustion will improve in the near term, so estimates go down. >> you wonder if this is sort of a harbinger of what is to come in retail this holiday season. amazon, and -- i wonder if -- the people we have spoken to, they said they're a little worried about the season. second stock is bank of new york melon bk. ray mmond james upgrading it. the target boost to 57 from 50. they have punderperform

. >>> let's go to seema mody. >> i want to draw your attention to telecom.lly here. those large cap names at&t, frontier, advisory posting significant percentage gains. verizon with 1.3%. the s&p sector on track for best days since november 22 up almost 8% over the past one month. a lot of attention being thrown into t mobile which did spike just after softbank announced deploying more money into the united states. there is a speculation out there that if we do see less regulation around the telecom industry that will lead to higher chance of him renewing talks with t mobile. >> $50 billion will do that for you. >> joining me on the floor of the new york stock exchange. what you are looking at is a future that includes higher interest rates and lower taxes and a group that caught your attention as a result is -- >> home builders. we have seen outlaw home builders. if you look at what corporate tax cuts are going to do they are going to benefit companies disproportionately. you want to get the full benefit. when you look at home builders higher rates means pe

let's get over to seema mody. >> european stocks pulling back from highs we saw yesterday with financialsmong today's biggest losers. let's talk about the italian lender now falling to an all-time low earlier this session as you can see in this chart right here. here's an update. struggling italian lender estimating it will run out of liquidity in four months and not 11 months as bank previously thought. meantime, italy's parliament approved a government request for a 20 billion euro rescue loan to prop up the troubling banking sector. we have seen shares down 12% in today's trade. spanish banks in the red. eu's top court ruling against them in a dispute over variable rate mortgages. the court deciding that spanish borrowers are entitled to be fully reimbursed for excess interest payments for such mortgages. you can see names trading in negative territory. as we round out the year, wall street and many strategists are putting out their forecasts for 2017. and the currency forecast for 2017, the euro not only trading in parity with the dollar next year but going to 99 cents in the second q

hey, seema. >> that's right, modest news as we kick off the final trading week before christmas, butay's big story out of europe is not stock related. a french court has ruled that imf chief christine lagarde was guilty of negligence in a case involving her term as the country's finance minister in 2008. she approved a 400 million euro loan to a business magnet involved in a sale with adidas, but she has avoided jail time since no sentence was handed down. a spokesman from the imf is quoted as saying the fund's executive board will meet shortly to consider the most recent developments. the french government says it still has confidence in lagarde, despite the ruling. so we'll continue to keep a close eye on that story. >>> meantime, in terms of stocks, moving slightly higher, hitting its highest level since february of 2014. further cementing this belief that europe's economic recovery will strengthen in the fourth quarter. banks, interestingly enough, are pulling back today as city just in the last two hours downgrading deutsche bank to sell on evaluation concerns. keep in mind shar

back over to you. >> seema, thank you very much.till ahead, a closer look at what stocks have done in the past, following the election of a new presidential administration. really interesting stuff. we expect nothing less from dominic chu. >> look at what is happening overall with some of these presiden presidencies. a lot of comparisons being made between trump and reagan. we'll see if the numbers play out. hey nicole. hey! i just wanted to think your support team for walking me through my first options trade. well, we're all about educating people on options strategies. i won't let this accomplishment go to my head. get help on options trading with thinkorswim, only at td ameritrade. >>> the parade continues at trump tower. elon musk having just arrived there at trump tower. he's getting in the elevator. this is a live -- >> this is like the red carpet of the oscars. where is -- i was going to say where is billy bush. i shouldn't say that, should i? >> no. that guy should move so we can see her. doesn't he know he's right in the c

let's check in with seema mody live at cnbc world headquarters. >> good morning. let's start with the markets. wall street will try to head into the holiday market on a positive note. they did fall for a second straight day yesterday. the dow has not had back-to-back losses since before the election. still on pace for its first seven-week winning streak since 2014. today it's all about home sales and consumer sentiment. the nasdaq slipping by 24 points in yesterday's trading. consumer reports says it can't recommend the latest macbook pro. it's the first time the magazine has withheld a recommendation on an apple laptop. it says it tested three different models and the battery life varied widely even from test to test on the same computer. >>> amazon says procrastinate all you want. it's extending the deadlines the orders with prime. you have until 9:45 on christmas eve to ensure delivery by midnight on christmas day. >> just in time to give that gift. >> cutting it a little tight. >>> back to our top story of the day here in the bay area, our microclimate weather

seema, thank you so much. guys, you recall, i mean, kate has underperformed its rivals, whether, you know, you consider the rivals to be coach and kohrs. kate down year-to-date. they get this lift today, but still down. you recall, it was in the summer where kate slashed their forecast. it was down in part because the dollar -- >> and partly recovered. virtually on the 52-week lows. that's the number we're coming off of right now. even though you're seeing 6.5% move, scott, if this is something they're projecting, i can't imagine this wouldn't be somewhat a lot higher. >> we have on the phone right now dana telsey. are you there? >> i'm here. how are you? >> happy new we're jsh. >> happy new year to you too. >> what do you make of this news? >> we've been hearing this news before. this has been going on for the past few weeks. we know that both coach and kohrs each have cash and want to make a purchase of another brand. you certainly have in kate a long runway of potential growth ahead. like you mentioned, it'

ambassador; former labor secretary elaine chao for transportation secretary; and seema verma to overseeicare and medicaid. the lone african american choice is housing secretary-designee dr. ben carson. yet to be announced by mr. trump: his choices for the secretaries of agriculture, interior and veterans affairs. for the pbs newshour, i'm john yang. >> sreenivasan: this evening, the president-elect announced he's chosen ronna mcdaniel to chair the republican national committee. she's the niece of mitt romney, and currently chairs the michigan republican party. >> woodruff: in the day's other news, the united nations human rights commission warned that south sudan is on the brink of "all-out ethnic civil war." the african nation has suffered years of brutal fighting, with tens of thousands killed and more than a million people displaced. today, in geneva, u.n. officials reported widespread atrocities and rapes, with some victims as young as two years old. >> a u.n. survey found that 70% of women in the camp, displaced persons camp in juba, had been raped since the conflict erupted, the v

for cnbc business news, i'm seema mody. >> for more we are joined by richard kang. good morning.s for being with us. >> thanks, melissa. >> the bovespa in brazil, the best emerging market in 2016, at least so far. do you think that to continue? >> i don't think so. that's a crazy thing for somebody to guess at now. it's the best performer given all the geopolitical drama. think of beforazil, india, chin india was thought of to be the better performer, but nit's better to be a sniper and selective than a shotgun. >> with its strength in the u.s. dollar, how do you snipe the best opportunities in the new year? >> that's the big thing. your previous speakers were talking about the u.s. dollar, uncertain policy in the u.s. kind of better to wait and build your shopping list in terms of where you should be selective with 20,000 for the dow. if you're looking at big numbers, now is probably not the time to be in broad etfs. now is the time to be more alpha oriented, stock pick. probably focus more on commodities and the consumer, drop everything else. >> to that point f you're an inves

seema mody joins us now. >> the rise of the antiestablishment view with the leaders of these parties gain enough votes to secure victories the risk of european project breaking down rises. citizens in netherlands, france and germany head to polls. could a next be in the cards. vow to immediately leave the eu and france leader has been gaining ground ahead of the presidential election. she called for france to pull out of the eurozone and angela merkel, one of the strongest proponents will be running for her fourth term as she continues to face rising back lash for her handling of the refugee crisis. in the middle east iran holdathize presidential election in may 2017 and pressure is building for president rouhani to ensure the nuclear deal is not ripped up. a reshuffle in china's standing committee, the most influential political body in china and changes are expected. the outcome could likely alter the way china manages its economy. >> we are learning more about the consolidation of power. markets certainly watching that. for more on if retail investors should be investing here in t

. >> we have a market flash with seema mody. >> talking about the stronger dollar. gold prices hitting a ten-month low today on track for fifth straight weekly decline. those expectations of a federal reserve rate hike next week. gold mining stocks which have been popular this year are down by around 3% for the week. ticker symbol gdx to watch. >> thank you very much. so we have 2 1/2 minutes left in the trading session. i have bob pisani joining david and i for the closing count down. here is something that hasn't happened for five years but it is happening as a result today. turn your mic on. the dow, the s&p and the nasdaq will have closed higher every day this week. funny they are in record territory. there is the dow up 131 points. i was going to show you a five-day chart of all three major averages. >> animal spirits are back. bob pisani said that. >> let's move on. now i want to show you charts before and after the election and the impact it had on some markets. run through these. here is the dow. the leader by far goldman sachs leading financials. a huge inf

to seema mody at the new york stock exchange with a big mover in the energy space. >> shares of dynegyping today. last night at the conference hedge fund titan marc lasry told me their debt was something his fund was buying as a distressed opportunity. he said he sees more distressed opportunities in the energy sector going into 2017 as the companies continue to restructure. he plans to increase the fund's exposure going forward. despite the rebound, he pointed out many companies are still locked in at $100. their debt does look attractive. dynegy shares moving higher, independent power producer, shares up now about 8% on the day. >>> coming up, how much money you have and how long you wept to school could determine how you shop for the holidays. plus, the s&p 500 is up more than 5% since election day. we'll look at the biggest winner and losers next. miles per hour.0 to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getti