seema mody is standing by with that. hi, seema. >> scott. 21 minutes left in trade. a big day in travel. one stock hitting a new high while the others are falling. we're going. >> to get. >> you the full story after this break. >> the bond report is brought to you by pimco, a global leader in active fixed income. >> is this how you're hoping to retire? well, hope isn't. >> a. >> good retirement strategy. you've worked. >> for a comfortable retirement. >> for years now. >> you need to plan for. retirement income. >> learn ways. >> to. >> avoid common mistakes, like being. >> too conservative. >> or not. >> setting retirement goals. have someone on your. side to keep. >> you on track. >> call for fishers comfortable retirement kit with the help you need to make your retirement a success, including the investor's guide to a comfortable retirement. 13 retirement blunders to avoid and maximize your social security. call one (800) 759-4477. >> fisher tailors. >> a plan. >> to. >> keep you on track for a retirement. >> you want. and as a. >> fiduciary, we do. >> better when

analysts say aerospace alone, scott could be worth $90 billion. >> that's seema modi.th what to look out for with kb. >> kb beat out analyst estimates and missed significantly on guidance and jeff metzger noticed in that release that june and july were tough, but as rates moderated in august net rates improved and they were encouraged by strengthening demand in the positive trend they were experiencing so far in the 2024 fourth quarter which we're about to get, but that was september and the cyclical low in mortgage rights was 6.11%. as you can see rates shot up right after that to over 7%. so the rest of the quarter going to be tough rate wise, at least. we saw that in lennar's earnings, as well and kb had to lower prices to keep buyers coming in and that pressured some markets and some argue that buyers are getting used to a, quote, new normal in rates. we'll see if that's true in a few minutes, scott. >> we will. and we will see you shortly. that's diana olick. to jonathan krinsky. we put out a note saying we could get a short-term bounce. it is worth noting that we

seema: it's a good question.g at money markets wondering why people are not deploying. the answer that keeps coming back as they look at valuations and they are not sure. they want to get into big tech but they don't like this price. today when it comes down even further, investors will get back in at that point, there will be question marks. they will not jump back in until they have real answers. what investors should be doing is what the opposite is. one of the things that deepseek offers outside of the mag7. lisa: how much does this actually point people towards the direction of where ai could be deployed, are there particular areas that are the quickest beneficiaries of this type of efficiency? seema: the two that really have stood out to us our health care and agriculture. i think that story is still very much in motion. i don't think there is questions around those, it is those specific companies that have really benefited from this drive up thinking about all of the destruction necessary to drive ai. that

leslie picker. >>> seema, tell us about ge vernova today?'s promised to invest about $80 billion in data centers fueling shares of ge vernova, key supplier of gas power and operative grids. seen in the buildout of data centers requiring a lot of power. the main reason ge vernova is accelerating its timeline increasing gas turbine orders and capacity overall. key topic at the company's investors day in december, ge vernova forecasting about 23 gigalots of new orders in the next few years. wells fargo calls conservative. shares at a new high trading in-line with wall street's price target of $370. >> good stuff. seema mody. >>> michael looking at nvidia here as we approach the close today, because 148.88. above a new record-closing high. at 149. right there. a handful of hours before jensen huang gives his keynote for ces in vegas. has been a stock-moving event. >> it has. dozens of new record highs in the s&p 500 since nvidia decisively went up into the 140s. actually cracked above 140 in june of last year. the big question is, did the market

our seema mody joins us now with much more on that story. seema.ing. >> well good morning frank. >> billionaires are uploading their data center expansion plans at. >> a fast rate as the race for to. >> power artificial intelligence capabilities. >> really heats up between tech leaders. >> oracle's larry ellison. >> meta's mark zuckerberg. >> microsoft's satya nadella and a. >> number of international. business tycoons. >> from japan's masayoshi son. as we saw last week. dubai tycoon hussain sajwani. >> and most recently. >> india's mukesh ambani. who we're hearing is planning to stand up. >> the world's. >> largest data center of three gigawatts in india, which, by the way, is twice the size of. any data center in the us. >> all this money chasing ai. >> at. >> the same time raising the question as wells fargo's tech. >> team put last. >> night, is. >> big tech. >> massively overspending on. graphics processing units? and could this resemble the overbuild of telecom in the. early 2000? >> we know how that panned out. the other fear. >> is around e

brian, back to you. >> seema mody, thank you very much, seema. >>> all right, here's an rbi for you.on group, if the s&p 500 pops more than 1% today, it will be the first time that we have begun the year with three straight days of 1% gains or more since 2003. a 22-year phenomenon, if it happens, if it happens, kelly. >> it's looking a little harder now. >> i know. >> only half up 5%. >> what's rbi? >> random but interesting. >> i thought it was a baseball analogy. >> it is, but i stole it from that but not only that, but the reserve bank of india. they have rbi on twitter. while this may be random but interesting, does it actually matter to the markets and your money going forward or is it just a nice day? jack anlon is founding founder and cio of crescent capital. we had a terrible end of the year, people say, the market goes up, we'll win january. these are nice stats, little fodder for tv, but do they actually matter to the overall direction of the market? >> no, probably not. week-to-week, even month-to-month, it's pretty much random. but what i will say and what i wanted to poi

he also has a very close friendship with elon musk, scott. >> seema, thank you. we see that stock, and we can take a look once more, shares of oracle spiking on the news. we will see what happens with this announcement a little later this afternoon, as i said, expected in "overtime." that's the highs of the high, oracle shares up 7.25%. back to both of you with me. this trade, we're going to get earnings next week of these large cap tech companies. is that where the rubber meets the road on what the real staying power of this rally is, when you get the mega caps starting to report? >> not necessarily. i mean, most of the megacap names are forecast to report somewhere between 15% to 20% earnings growth for the next several quarters. maybe that doesn't sound impressive versus what we've got in 2024. but the other reason i say i don't think the linchpin is big tech companies because the rest are supposed to scale up to about 15%. so it's been a great start to the reporting season, i would say it's very strong. you've got 79% of companies that are beating and the ave

procter & gamble, seema? the consumer staples space a lift from feminine care brands including charmin, fs and's tampax. >> seeing reacceleration of top-line growth, volume and sales. particularly biggest markets north america and europe. north america up 4% on sales and that was on the volume growth of 3% europe, growth 4%. growth across the board nine of ten categories growing sales, building share. >> also telling cnbc he saw notable improvement in china. organic sales down just 3%. that compares to the 15% decline they saw last quarter. he says p & gmplt continuing t invest in china. divertifying away from the company. interesting. >> seema mody. mike, back to you. see how we settle out. a few points below the record close for the s&p. we have to watch for white house-driven market trading, and then get to maybe cap earnings next week. really what the market will be waiting for, i think. >> yes. in terms of filling in a lot of blanks, in terms whether i think full year 2025 numbers look like they have any

r seema mody is here with that and much more. stay with us. italy. vodafone. what is your strategy and vision for the future? >> we are changing. >> our culture to really. >> focus on our customers. >> we need to. >> acknowledge that change is. >> hard, but. >> if people. >> understand it's for. >> the right reason. >> then you get. >> the power of the organization. organization. >> with you. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. for all those making it big out there... ...shouldn't your mobile service be able to keep up with you? get wifi speeds up to a gig at home and on the go. introducing powerboost, only from xfinity mobile. now that's big. formula from eli lilly. see if you qualify at irokotv. >>> even in an amazing quarter where we had three huge live events, we had an incredible fight, two nfl games, one of our biggest tv series ever in "squid games season 2." all successful events and titles we are thrilled about. our estimates for subscriber ads driven by tho

seema mehta. seema, great reporting, by the way.condo that went from $5,000 a month to 8000 after the fires. walk us through some other examples and what you're hearing from homeowners. >> we saw so many examples of this. and also i mean, people are really it's not just, you know, tenants, advocates. it's just everyday angelenos are just so angry about this that they have taken to scouring listings to show, you know, listings that were, you know, a couple of weeks ago, you know, maybe it was for 10,000. now they're for 20,000. i mean, it's clear examples. the question is, you know, there are certain things that are clearly illegal. and, you know, the state and local authorities have pledged to prosecute, but there are also loopholes and ways to go around this. for example, if you know, on the side a potential, you know, tenant offers you an extra x thousand dollars or, you know, sometimes people are being asked, you know, for six months down payment or a year down payment. so it's really i mean, local and state officials have pledge

earlier we spoke with seema shah through the lens of the markets. >> there's a push up and yields with the market coming back further on that expectation, one or less. something that the market can ill afford at this point. the thing is, when you look at the long-term trajectory, for stronger growth, that's stronger earnings growth, to keep the equity. this is a challenging environment. it should reverse and it should still be biased higher looking to the rest of 2025. vonnie: for more on equity markets, we are joined by the managing director at rock creek. were you surprised by today's job print and the expectation print and how the market reacted? >> the jobs print was surprising and it exceeded expectations but we are not surprised at the market reaction. we are not surprised at how the last two weeks have played out. it's healthy for the market to have a reaction and it brings investors back to data dependence. something we forgot in the second half of last year plus the fact that the markets are not in a position to necessarily reach the 20% highs that we have enjoyed over the las

seema jaswal is at alexandra palace for us.p take on ding jun—huh seenjudd trump take on ding jun—hui, he did take a 3—1 lead in the match and look quite promising for him but trump did what he did best and took it away. he for him but trump did what he did best and took it away.— best and took it away. he played like a man _ best and took it away. he played like a man with _ best and took it away. he played like a man with total— best and took it away. he played like a man with total belief - best and took it away. he played like a man with total belief in - like a man with total belief in himself and his game, where he's at the moment and with the that has most people beat before they step most people b

seema modi with more on that stock's move. >> reporter: hey, mike.heir earnings estimates after conducting an extensive survey on how companies are thinking about artificial intelligence budgets going into 2025. and they found that salesforce ranks right behind microsoft and amazon, referencing general excitement around the company's agent force, its a.i. agent platform. they also see new tailwinds including opportunities for salesforce to grow inorganically that will contribute to their position in a.i. and investors are willing to be patient with seeing the return on investment for agent force, the stock as you know, has had an epic run over the last year, gaining about 27%. and higher by around 2% on this upgrade. >> inorganic growth, salesforce no stranger to that, buying up other companies seems like part of the plan. >>> still ahead, we'll tell you what the tiktok ban could mean for the rest of the social names. we're back on the bell after this break. >>> contribute to a health savings account to help pay for medical expenses with tax-free mon

seema modi joins us with the cnbc money minute. >> let's start with that automotive news. ford is recalling more than 270,000 vehicles over concerns their battery could fail, according to federal regulators, the 12-volt batteries some 2021 to 2023 bronco sports and 2022 to 2023 mavericks could degrade potentially causing loss of power. >> in other news, las vegas hotel workers ending their longest strike in decades after reaching a new contract with virgin hotels. the culinary workers union said on x that members unanimously voted for the new five-year contract covering about 700 employees at the hotel. the deal ends a 69-day strike that began in november over payment disagreements. >> and to commemorate the philadelphia eagles' win in the divisional round of the playoffs this past sunday, the team partnered with memorabilia marketplace the realist to sell, get this, 100 pints of commemorative snow, which the team said was carefully preserved and authenticated. the pienlt sold out in two hours after going on sale on wednesday for $50, which does represent the total points,

seema mody is tracking that action for us.. >> billion. >> in market cap yesterday. it's up about. >> 1% at this hour. the stock is now trading. about 43%. below the average price target on wall street. a number of analysts weighing in this morning on the direction of nvidia going forward, morgan stanley actually cutting their price target from 166 to $152, citing possible further export controls. while mizuho is. jordan klein calls nvidia's move, quote, overreaction. two things will act as catalysts for the semi trade going forward. one is how microsoft and meta justify their ai budgets to shareholders in light of d6 lower cost model, and any update from washington and president trump's plans to tariff or add restrictions on chip sales. we spoke to atlantic council's mark christopher, who highlights a few options that they have, including expanding the entity list of chinese firms banned in the us and denying chinese companies access to us cloud providers like amazon, which developers there use to rent nvidia gpus. evercore i

. >> thank you very much, seema moody. >>> the future of tiktok hangs in the balance.on and look at the potential fall out next week. that is next. >> crypto watch is sponsored by crypto.com. got eyelid itc crypto.com is america's premier crypto platform. demodex blepharitis! and we're demodex mites. we're very common and super irritating to your eyelids... but we love making ourselves comfortable here! oh, yeah...steam time! if demodex mites are partying it up on your eyelids... it's time to eliminate the root of the problem with xdemvy. with one drop in each eye twice a day... you can kill the mites in just six weeks. xdemvy is the first and only fda-approved treatment that kills the mites that cause demodex blepharitis, a common eyelid disease. avoid touching the tip of the bottle to your eye or other surfaces to minimize contamination. wait 15 minutes before inserting contact lenses. in clinical trials, the most common side effects were stinging and burning in one out of ten patients. party's over folks.... it's not you, it's demodex mites. talk to your eye doctor

. >> good stuff, seema mody. thank you. that leads me back to you, bryn, as you will stock. you sold half of it to start the year because you were getting a little uneasy with where you saw not only the valuation but the rise that the stock had. >> yeah. we all know that certain stocks will go much, much higher and then certain stocks will go much, much lower than they should and that is just the mechanism of the market but when i looked at the stock at the beginning of the year, i think it got up to 90 times 2025 sales estimates. maybe it was 90. that is just nosebleed. i just couldn't -- it is a great company but the valuation just got irresponsibly high and that is why you saw insiders selling, taking advantage of the frenzy around the name. they're going to come into earnings on february 5. the revenues and earnings are going to grow 27% and 40%, revenue and earnings growth. that when you have a technical breakdown, if you have traded below the 20 day, the 50 day, i think you have to let it settle and because sentiment has switched on this. let it settle in and find a ne

. >> seema, thank you. >>> coming up, it's the ale of two economies and two presidential policies. the impact they're expected to have on inflation and fed rate cuts. but first data -- closing one of one its centers. >> this "e isthexchange" on cnbc. it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! we've been a firm in motion for over 75 years, always innovating. today, we're a leader in public and private markets, digital assets and custom tax management, empowering advisors with solutions to build the solutions to build the portfolios of the future. today. finding the right path takes experience. as a national leader in municipal investment banking and wealth advisory services hilltopsecur

so he just sees that continuing potentially for some time to come, seema?ase, david, that this idea as they work with hyperscalers to provide the gas power needs for the data center buildout, that they are accepting orders up to 2030, so it next five years, but even beyond that. so if you were to use that as sort of a metric to understand how much demand there will be for artificial intelligence and just the broader ecosystem, there seems to be a long pipeline here. >> and what about nuclear? anything to say there? obviously we've had so much discussion about small modular reactors and the importance they will provide in terms of increasing the capacity. >> yes, he did mention the fact that they are leaning more into small modular reactors, nuclear energy that while in 2025 is the year for gas, nuclear is vad ansing, too. but it's just a longer time line they're working with for those type of projects as they work with utilities and signing specific utilities across the nation up for those projects. david. >> that is the push and pull right now between nucl

and seema mody on two bright spots. yes. bright spots in tech today. you heard me correct.ny though in tech. no, make it a day. >> some software. i mean, what you can say is that it was a rotation more than a liquidation. so if you're going to have a day when you have an absolute washout, trade in semis in the ai hardware trade, where you have one of the strongest themes and most closely held to investors hearts in the market, get completely pulverized. you could have had everybody just say risk off were out, or it could have gone elsewhere. and what you did see is rotation people maintaining exposures, more stocks up than down. i mean, some of it was very mechanical, meaning reaching for the most neglected under owned themes. campbell's soup is up 2.5% today. it's not because it's cold outside. okay, so you just do have this kind of reflex asset allocation type move. so for a day you're able to absorb it. what i find remarkable is the dispersion which is allowed volatility. measured volatility to come in. the vix peaked above 22. it's at 18 now a four point drop intraday i

i'm seema mody with your update.als of january 6th-related cases are under way as incarcerated rioters are set to be released from jail and prison following sweeping pardons from president trump. more than a dozen have been filed so far, signed by edward martin, a january 6th defendant advocate, who is acting u.s. attorney for washington, d.c. >>> at least two new wildfires have broken out in southern california as meteorologists warn winds could hit up to 100 miles per hour today in the mountains and 70 miles per hour on the coast. the palisades and eaton fires are burning in los angeles county and are now 63% and 89% contained. >>> vice president j.d. vance swearing in marco rubio as secretary of state. he is the first of president trump's cabinet picks to take the oath of office. rubio said the president's primary priority will be furthering the national interests of the u.s. and making the country stronger, safer, and more prosperous. carl, back to you. >> all right. thank you so much. >>> checking on stocks abou

our seema mody is here with a very special guest on that front.ave canada's minister of international trade. >> i'm looking forward to this conversation with you and americans. >> three days until president-elect trump is sworn into office in the u.s. big question is around trade. what can you tell us about what canada is preparing if he does follow through on his tariff threat? >> well, i think what i want to say to americans is that canada is the biggest customer to 36 states. every day 36 states wake up and say canada is our biggest customer, and i think that matters, and the reason that matters is that if you're going to put tariffs on canada, what it actually will do is make things more expensive for americans. it will make things more expensive for american families, for american farmers, for american businesses and if you look at how much trade we do, that's going to really matter, and it's going to matter a lot for americans. >> the cost of business goes up if canada retaliates, are you expecting dollar-to-dollar retaliation, and what's on

seema shah of principal asset management, victoria fernandez, neil dutta, and oksana aronoff of jp morgang a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families has empowered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. katie: a little bit of a dip in futures after hitting all-time highs yesterday. happy friday. dirty minutes until the start of trading. i'm katie greifeld. sonali: and i'm sonali basak. matt miller is off today, and bloomberg "open interest" starts now. katie: coming up, a softening stance. president donald trump says he would rather not put tariffs on china. the dollar drops. we round out this week with insight from the c-suite. the ce

and many thanks as well to doctor seema jane, who's our deputy health officer, deputy director for public health services. all of us leaders are following this really closely, and we really thank you for your attention to this topic as well. thank you. good afternoon. thank you, doctor philip, and thank you, commissioners. there are some slides in front of you for this presentation. so i will be giving an avian influenza h5n1 current situational update as of december 31st, 2024. again, my name is doctor george hahn. i'm the communicable disease section director. so a quick background in general on flu. there are many subtypes of flu viruses. some common human subtypes include h1n1 and h3n2, and there are avian flu subtypes that primarily affect birds but can sometimes affect infect people or other animal species like pigs. some flu viruses are called highly pathogenic avian influenza or hpai because they are lethal to poultry, but possibly oh me to advance the slides. sorry. oh, okay. sorry about that. and yeah so they are lethal to poultry but but may not affect the wild birds that carry

migration minister seema malhotra hopes this will make a difference. >> these interim orders are about being able to act much more quickly against potential people smugglers. these are criminal gangs that are undermining our border security and putting lives at risk. and they must be stopped. >> while the refugee council demand that the government reveal how many migrants die attempting to cross the english channel attempting to cross the english channel, as they call for more routes into the uk to be opened. >> and sir keir starmer joins world leaders condemning the isis inspired attack, which killed 15 people in new orleans. president joe biden addressed america overnight for hours before the attack. >> he posted videos on social media indicating that he was inspired by isis, expressing a desire to kill. >> meanwhile, in las vegas, a tesla cybertruck loaded with gas canisters and fireworks exploded outside trump towers in what's been branded a possible terror attack as well. >> and guess who's back? back again? yeah, it's meghan markle as she welcomes in the new year with her surpris

. >> however, the immigration minister, seema malhotra, says the plans will help to smash the gangs. >> these new measures will be an invaluable tool in helping tackle the criminal people smuggling gangs who are undermining our border security and putting lives at risk. and in the process, stopping them being able to, for example, destroy evidence or change their tactics if they know that law enforcement agencies are onto them. this is a really important part. it's a core foundation of our plan for change to ensure that we are strengthening our border security and stopping those criminal gangs who are putting lives at risk. these interim orders are about being able to act much more quickly against potential people smugglers. these are criminal gangs that are undermining our border security and putting lives at risk. and they must be stopped. >> in other news, uk rapper stormzy has been banned from driving for nine months. he was sentenced at wimbledon magistrates court today for using a phone behind the wheel of a rolls royce in west kensington in march last year. the 31 year old was

. >> in response, though, the immigration minister, seema malhotra, says the plans will help smash the gangs. >> these new measures will be an invaluable tool in helping tackle the criminal people smuggling gangs who are undermining our border security and putting lives at risk. and in the process, stopping them being able to, for example, destroy evidence or change their tactics if they know that law enforcement agencies are on to them. this is a really important part. it's a core foundation of our plan for change to ensure that we are strengthening our border security and stopping those criminal gangs who are putting lives at risk. these interim orders are about being able to act much more quickly against potential people smugglers. these are criminal gangs that are undermining our border security and putting lives at risk. and they must be stopped. >> and the uk health security agency has issued cold weather health alerts across much of england ahead of a week of low temperatures, with those issued from midday today right through until the 8th of january. it comes as snow is forecas