state street another $4 trillion. under management. so combined, they manage a stunning $21 trillion. that's around $65,000 for every person in the united states. and an amount equivalent over 80% of the annual gross domestic product, the united states. in fact, it's an amount that exceeds the annual gdp for every country in the world except for the united and china. colossal three headed cerberus has massive, unprecedented financial power. a 2017 cambridge university study found that collectively they constitute the largest shareholders in nearly 90% of the companies in the s&p hundred. again, that's 500 of the largest publicly u.s. companies and their ownerships even larger today as passive investing has overtaken active investing. this consolidation of corporate power and control is unlike anything the financial markets have seen since j.p. morgan and john de rockefeller controlled much of the financial sector in the early 1900s. it is the most powerful financial cartel in u.s. history that kind of share ownership carries with it tre

citizens financial, regions financial, state street and truest. the etf is up 3.5% in the past three months, but still down 11% from the late november high following the election. take a look at the names reporting. regions financial moving higher before the report. citizens financial up 2%. truist is flat. >>> and starboard has a 7% stake in qorvo. the stake is expected to be revealed in a filing today. starboard is looking for changes. shares of qorvo up 7%. >>> back to the broader markets. the major averages are on base for the best week in more than two months. banks are the top sector this week, but the kbe is up 6.5% on the solid results from citi and goldman. brian moynihan telling becky quick customers are growing confident about the economy. >> what you are seeing is the combination of belief that regulatory burdens are less and interest rates come down because they borrow on lines of credit on short-term rates. in a belief there will be better products because customers are spending strong. they have moved dramatically. you see it in the

state street 300 million. so it's clear that the titans, these ten investment companies have a major impact on the price of food and profit are literally profiting from world starvation, or at least consequences of world starvation. now, these top ten companies are closely invested in each other. across investments among titans amount to over $320 billion a year. so this implies as a practice of closely monitoring other's policies and a commonality of mutual interests, market maintenance and growth. i saw that in years ago, too. and giants lacrosse investments in the big the big companies and so it's actually increased. now i do not believe or claim that any titan is engaged in illegal activities and i name all hundred 17 of them by name and have short bios on of them in the book only that they have legal control over enormous amounts of private capital. and while actors fulfill fiduciary responsibilities to i strongly believe that should be making decisions that improve quality of life for all human beings. q

the elevated railway within loop along state street is the richest, busiest retail trading area in the and the location of marshall fields and other famous department stores along lasalle in the loop is a great concentrate of banking and brokerage offices. here is a greeting for a celebrated. we chicago board of trade has become the world's principal grain market. certain office buildings are devoted principally to special kinds of business. this one, for example houses. a great number of insurance agencies. while much of its street floor is devoted to the city ticket offices of several lines. although today is the world's greatest center, that fact does not diminish its importance as a fresh water port. the site chicago's founding was the shore of lake michigan and it's 29 miles of lakefront today present a magnificent vista of landscaped parks and impressive buildings. looking westward from lake, we see the city's towering skyline as it rises above the gleaming facade. michigan boulevard. among chicago hotel is our names associated with a long tradition of gracious hospitality. a num

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepsting in the s&p 500 with spy. getting there starts here. [sfx: wind, rain and rolling thunder] with the vision to see what's possible and the grit to make it happen, morgan stanley can help create the future only you can see. [crowd cheers] [music out] let's say you're deep in a show or a game or the game. only you can see. [crowd cheers] on a train, at home, at work. okay, maybe not at work. point is at xfinity. we're constantly engineering new ways to get the entertainment you love to you faster and easier than ever. that's what i do. is that love island? >>> before time expires on the biden administration, we are starting to see the flood of mergers and acquisitions i've been telling you to expect under a trump antitrust regime the ftc and justice department have taken a hard line on m & a. they are hostile to corporate consolidate. companies figured it's not worth the effort no guaranteed success. that's why when trump won in november, it became obvious we were looking at a deluge

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step with spy. getting there starts here. [city noise] investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? (♪♪) or, let curiosity light the way. at t. rowe price, we're asking smart questions about opportunities like clean water. and how clean water advances can help transform our tomorrows. better questions. better outcomes. t. rowe price (vo) fargo is your virtual assistant from wells fargo. (woman) oh, come on! come on! (vo) fargo lets you do this: (woman) fargo, turn off my debit card! (woman) i found it! i found my card! (vo) and also, this: (woman) fargo, turn on my debit card. (vo) do you fargo? you can, with wells fargo. what else can fargo do? quickly tell you what you spend on things like food. (dad) fargo, what did i spend on groceries this month? (son) hey dad, can the guys stay for dinner? (dad) no... (vo) learn more at wellsfargo.com/getfargo. >>> holy cow. maybe there's no place to hide. we know the industry is facing headwinds, so

more "fast money" in two. ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪getting there starts here. ♪♪ only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can focus on people, not process. patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff. and ai helps jim solve customer problems before they're problems. oh, so we all work better, together! my work here is done. excuse me, which way back? dave's been very excited about saving big with the comcast business 5-year price lock guarantee. excuse me, five years? -five years. and he's not alone. -high five. it's five years of reliable gig speed internet. five years of advanced securit. five years of a great rate that won't change. it's back. but only for a limited time. high five. five years? -nope. comcast business 5-year price lock guarantee. powering five years of savings. powering possibilities. comcast business. >>> welcome back to "fast money." capri back o

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepsting in the s&p 500 with spy. getting there starts here. down. >> to how. >> you sit, which is why our technology is. >> light years. >> ahead with our groundbreaking lmax technology bringing hot, cold and touch into one extraordinary seating experience. >> at x-chair. >> we've got our eye on the future of work so you can focus on the present. start the new year in style with premium comfort and exceptional support for limited time. >> get up to $290. >> off with qmt included. free. my clients deserve. someone who understands their world. someone who listens, who. >> has. their best. >> financial interests at the center. >> of every decision. >> our business is built around being responsive. >> to our client's ever changing. >> needs as an advisor, as. >> there are a. custody services provider. >> i see. >> my. client's success as my. >> own because. >> when they grow. >> we grow with them. >> for over 25 years. >> we've. been committed. >> to. >> rias, and that's why. >> i chose trad

unit, that facility management facilitates improvement, a built high rise buildings up and down state street. is it feasible. given political and economic realities, to add public housing in a city as chicago in small units on small, scattered? is that a feasible option? it absolutely is. and what kind of resistance do you get from neighborhoods that, oh, we don't want public housing in our neighborhood. well, i think we get resistance because of the history the chicago housing authority. and one of the things that we're doing to try to overcome that as we build scattered housing, i'm turning that scatter site over to local private developers and nonprofit community development corporations. we, in fact, are even them build a housing to lessen the fear of the community that the once it's built that it won't be managed properly. let me ask major robinson something about this. you've traveled around the country as well, as worked in tulsa on the problem of getting the police into closer relationship with the communities. if you were dealing with the police from a big city as chicago has these

street next. plus a deep dive on the state of the la housing market.inues to battle wildfires. how the region might come back from damages approaching $50 billion. you're watching fast money live from the nasdaq market site in times square. we're back right after this. >> individually, each of us is great, but from here you can see we're one big team at atlassian. we believe real progress takes all of us working together on new sources of energy, cars that drive to the future, even pizza deliveries. together, we can go beyond where we've ever been collaborating from anywhere on everything. atlassian makes software for teams to do what is impossible alone. >> meet venu on. the nyse american symbol venu, disrupting a multibillion dollar live music industry. venu owns and operates upscale music venues, outdoor amphitheaters with seven revenue sources, $166 million in assets, luxury suite sales of $77 million in 2024, $200 million expected in 2025, 56% year over expected in 2025, 56% year over year (grandpa) i'm the richest guy in the world. (man 1) i have

the french if use mike and lifetime, that's yano, he's on state street from level and t is how the and tearing bucks is also began. since the crisis was imminent from day one, conducted confused when the news arrived about what happened. i had already understood that there would be some problem with the birds. i realized that we needed to prepare for something the day before my eldest daughter and i had already sensed that a very large event was about to take place. at 1st i felt fear, of course, we were worried about the flora and fauna because we understood that this meant the death of all living things in the sea. on december 18th, at 8 am, we begin watching the birds at that time we didn't fully understand how to do it properly. we received information from everywhere and somehow in the chaos and madness. we came up with methods and techniques for cleaning and washing birds were arriving and very large numbers. we had to work around the clock for 10 days. we practically didn't sleep. was nights yet, and the number i've been volunteering since the 1st day. what overwhelmed me? the m

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepin the s&p 500 with spy. getting there starts here. the great barrier reef. huh? here we are. oooh. — g'day. — uh, where am i? australia! and you look like you need a vacation. show us what ya got. (♪♪) remarkable. yep! it's amazing. i love it! — what is it? — a wombat. come on! (♪♪) jump! down under, g'day is the start of every good adventure. so, what are you waiting for? come and say g'day. (♪♪) test. we'll talk to her about everything from trump's delay on the tiktok ban and fact checking, that's next. 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. gina costa... looking simply stunning... what's this? she's opening her fidelity app.... to buy that stock... with no fees or commissions... because what does gina got? gina's got the look. that never gets old. talk about easier investing. >>> wall street souring on a

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepsting in the s&p 500 with spy. getting there starts here. let's say you're deep in a show by investing in the s&p 500 with spy. or a game or the game. on a train, at home, at work. okay, maybe not at work. point is at xfinity. we're constantly engineering new ways to get the entertainment you love to you faster and easier than ever. that's what i do. is that love island? >>> this week's earning seasons begin in ernest with reports from the major banks. along with two huge investment banks. there was concern the banks, which had rallied hard after trump won the election, might not be able to cope with the action in the bond market. there was a fear rising long-term interest rates might cool down the economy and do real damage to the financials. it rns out wall street had nothing to worry about. the banks, they are doing great. you should try to walk through these one by one. because we have major financials in a single week, we will split it into two segments. national banks first. star

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step s&p 500 with spy. getting there starts here. appreciate it so much. thank you. doors are new beginnings. -surprise! -surprise! your dedicated fidelity advisor can help you open those doors. for you, mama. through personalized money management that can evolve with new chapters. and they can proactively view your entire portfolio. with an eye on taxes and the impact of risk. so you can enjoy moments together. because doors were meant to be opened. doors lead us to new opportunities. your dedicated fidelity advisor... -surprise! -for you, mama. ...can help you open those doors. by proactively reviewing your entire portfolio. with an eye on taxes and risk. doors were meant to be opened. >>> gotta say, i love an industry that can take political heat without it doing too much damage to the stocks, to say nothing of the earnings. take the drug distributors. trump has bashed them. but they also save their customers a lot of money. take cardinal health. they announced their earnings for the fi

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepsting in the s&p 500 with spy. getting there starts here. dave's been very excited about saving big with the comcast business 5-year price lock guarantee. five years? -five years. and he's not alone. -high five. it's five years of reliable gig speed internet. five years of advanced securit. five years of a great rate that won't change. it's back. but only for a limited time. high five. five years? -nope. comcast business 5-year price lock guarantee. powering five years of savings. powering possibilities. comcast business. >>> welcome back to "worldwide exchange." the initial pop on the transport sector on the back of donald trump's victory losing steam in recent weeks. now 3% lower since the election. the note from citi says when he takes office, it could create a choppy road ahead. we have ari from citi with us now. good morning. >> good morning, frank. thank you for having me. >> let's talk about transports more broadly. the idea of less regulation, lower taxes. is that generally a t

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepg in the s&p 500 with spy. getting there starts here. check in time is 3:00 it's 2:55. i know. is this what he's doing now? as your host, i have some rules. first, no showers longer than 5 minutes. this isn't a spa. no games. no fun. yes, coach. (♪♪) meanwhile, at a vrbo... when other vacation rentals make you share your turf with a host, try one you have all to yourself. >> is a time. play the sound. the lightning round is over. are you ready? the lightning round, i'm going to start with erin in rhode island. >> how we doing? >> what's happening? >> all right so i bought this stock at $100 a share and it's sitting at $220 per share and i wanted your professional opinion on how much higher we could keep going? amazon. >> a multiyear move. looking at it not on a quarter by quarter basis, higher on the long-term. let's go to bruce in california. bruce. >> hey this is bruce. calling from newport beach in southern california. it was a rough week with the fires, jim. >> i'm sorry for everyo

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepsting in the s&p 500 with spy. getting there starts here. z's bakery is looking to add a pizza oven, by investing in the s&p 500 with spy. arissa's hair salon wants to expand their space, and steve's t-shirt shop wants to bring on more help. with the comcast business 5-year price lock guarantee, they can think more about possibilities for their business and not the cost of their internet. it's five years of gig-speeds and advanced security. all from the company with 99.9% network reliability. get the 5-year price lock guarantee, now back for a limited time. powering five years of savings. powering possibilities™. >>> what we're seeing from the consumer is whether the economy is good or not, the consumer has the opportunity where they choose to shop and they're choosing us to end with double digit growth. >> that was a & f talking about the shopping habits. we get the look at the latest retail sales figures later today. welcome back to "worldwide exchange." i'm frank holland. we will se

industry, the banks that are best positioned are the ones who are asset sensitive, so we like state streetnk this investment banking cycle is gearing up. we've got 25% growth for investment banking revenues this year and 15% growth for trading in our large cap estimates, and if the proposal does get walked back some, there could be more capital return. it actually would cause citigroup's earnings per share to go up by 18% if there was an entire non-increase in the proposal. so we think these are some bullish factors that can support especially the biggest banks. >> tom, how much are you thinking about -- you mentioned state street, we'll get their numbers on friday. but the regionals and the community banks, how much should we be thinking about a potential for an echo of what we got in the spring of '23? >> well, so i think -- first of all, the spring of '23 was quite extraordinary. >> exactly. >> i think that had to do with the significant change in rates and how much bond buying the banks had done during covid. so that has been better managed. and i think it would take rates to go a lot

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepsting in the s&p 500 with spy. getting there starts here. dave's been very excited about saving big with the comcast business 5-year price lock guarantee. five years? -five years. and he's not alone. -high five. it's five years of reliable gig speed internet. five years of advanced securit. five years of a great rate that won't change. it's back. but only for a limited time. high five. five years? -nope. comcast business 5-year price lock guarantee. powering five years of savings. powering possibilities. comcast business. >>> welcome back. china is reportedly weighing the sale of tiktok to elon musk as one potential option. they deny that report calling it pure fiction. david faber is here with more. david, what's the latest. >> kelly, as you might imagine, i go back to reporting on this the early fall of 2020, that was the first time of course there was a preparation for potential ban of tiktok under the former trump administration and plenty of people trying to set themselves up as p

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. ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step towardesting in the s&p 500 with spy. getting there starts here. when the temperature drops... by investing in the s&p 500 with spy. you've got two choices. close your eyes and think warm thoughts. or open your eyes and get out here. there's only one vehicle lineup that embraces everything the cold has to offer. the official vehicles of winter. jeep, there's only one. right now, during the jeep start something new sales event, get $3,500 dollars total bonus cash allowance on most 2024 jeep wrangler gas-powered models. hurry in today. [city noise] investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? (♪♪) or, let curiosity light the way. at t. rowe price, we're asking smart questions about opportunities like clean water. and how clean water advances can help transform our tomorrows. better questions. better outcomes. t. rowe price >>> welcome back to "worldwide exchange." market flash on apple. jefferies downgrading on worries of earnings. it is tradi

. ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step toward0 with spy. getting there starts here. you founded your kayak company because you love the ocean. not spreadsheets... you need to hire. i need indeed. indeed you do. our matching platform lets you spend less time searching and more time connecting with candidates. visit indeed.com/hire >>> all right, welcome back. well, trump has suggested taking control of the panama canal. maybe greenland. maybe even canada, all in the name of national security. but why exactly, and how does it benefit you, the american taxpayer? could this happen? let's talk about all of this starting with trump's vision and i'm doing air quotes for canada. >> hey, brian. it centers on four things, the trade deficit, immigration, fentanyl, and defense spending. here is what we know and each of those. for the first 11 months of 2024 $700 billion of goods exchanged during that time. we sell canada more in services the overall it's a deficit of $55 billion, one of the ninth largest in all of the u.s.'s bilateral trade

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepetting there starts here. all the buzz around bitcoin by investing in the s&p 500 with spy. isn't just talk anymore crypto has gone mainstream. at itrustcapital, you can buy and sell cryptocurrencies 24/7 with the tax benefits of an ira. that's right, with an itrustcapital ira, you can defer taxes until retirement or choose a roth ira for tax-free withdrawals later. setting up an account is quick and easy it only takes minutes. open your account today at itrustcapital.com. the new era of crypto is here. >>> if you look at the hideous action in the stock of nvidia today, you would think the ceo wants for nothing special. but sometimes the stock doesn't tell the whole story. particularly this stock. the tech sector rolled over today as other parts of the market held up well. i would argue the tech stocks were victims of the failing ten-year treasury. this stock was up huge going into the speech last night. it was shocking invideo nvidia strong this morning. i'm a stock guy, not a health

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. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepin the s&p 500 with spy. getting there starts here. t-mobile's 5g network connects a hundred thousand delta employees so they can make every customer feel like they've arrived before they've left the ground. this is how business goes further with t-mobile for business. >>> welcome back. some meta employees aren't happy about the decision to end third party fact checking. reviewed by cnbc, employees voiced concerns with one saying meta is quote, sending a bigger, stronger message to people that facts no longer matter. meta added trump ally, dana white, to its board and a former bush staffer. president-elect weighing in yesterday. >> i think they've come a long way, meta, facebook, they have come a long way. the man was impressive. actually, i watched it on fox. i'm not allowed to say that. >> do you think reis responding to the threats you made to him in the past? >> probably. >> all right, so for much more on this, let's bring in the university of pennsylvania's wharton school of busin

bancorp and fifth third, and bankamerica, and state street, not quite a regional bank and that wouldbuying list and i have a soft side for banks right now. >> but you say if, you say if washington listens. the bond market can scream loudly for a while and washington may not be paying attention for a while. >> well, washington, d.c., may be forced to pay attention if the bond yields go too far past 5% there will be enough disruption that something will have to give. >> we'll leave it there. >> all right, mike. i appreciate you. mike mayo, wells fargo security sgloos . we're getting news out of stars bucks, pippa stevens. >> it would require cafe to pay customers. it aloud the public to stay in cafes or use the bathroom regardless of whether they bought anything. this, of course, follows brian nick nickol taking over last year. shares are shy of 1%. >> pippa stevens. apple falling on weak sales data and he'll tell us where he sees the stock heading from here. "closing bell" is coming right back. prudential has been helping protect people for generations. ♪♪ we helped the lost generatio

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next stepgetting there starts here. brilliantly. >> it is time for rapid >>> it is time. this is the rapid fire. my staff prepares the graphics. we plan this out. and then the lightning round is over. are you ready. let's go with paul in new york, paul. >> hey, jim, long time viewer first time caller. >> thanks. >> i would like to know what you think of rgti. >> okay it's a quantum stock. these are short squeezes if you want to depend on short squeezes this is better than most, how about that. let's go to reese in pennsylvania. reese. >> hey, cramer. i want to know your position before i open on sml. >> i also like lamb research. >>> andrew in utah, andrew. >> hey cramer what's going on. >> not much how about you. >> not much, not much. so yeah my question today is, with advance microdevices, i'm just wondering with the stock being down year after year, is the stock on sale or if it's a bust. >> i think it's a great company. i do think there's a lot of people who believe they will not be able t

state manufacturing came out today. it was down, like, 12% or somewhere either side of 12%. street was looking for basically flat to slightly higher. there's some things under the surface that should be concerning. and i'll say again, you know, people talk about the strength of the consumer -- yeah, they spend money. consumer, though, if you look at it, the balance sheets are on the wrong end of things. >> i just -- i think the economy and the strength is really exciting. i think there are a lot of pieces of the economy that got used to being funded at zero. and this higher for longer dynamic, i don't think rates need to go down a lot. in, we're all saying they're kind of normalizing. you get to a place where there will be credit issues out there, but in the meantime, i think the message is that the economy's in better shape. i think, speaking of that empire manufacturing, i think, you know, pmi, manufacturing ism, and those dynamics, they've been in a bear market for 2after 1/ years. i think we've seen some bottoming in manufacturing. i don't think it's critical either way. i thin

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step the s&p 500 with spy. getting there starts here. >>> we have some news about eli lilly. >> that is right. medicare can now cover eli lilly's drug zepbound used for sleep apnea. remember, medicare cannot cover obesity drugs. however, it can cover the drugs when it is used for other health conditions. zepbound last month getting approval for the use of sleep apnea and now cms confirming it can be covered for that use. take a look, shares up about 2%. >> thank you for that update. now we go back to kristina partsinevelos for a look at the key factors. >> let's start with instacart. the s&p mid-cap starting next tuesday replacing this. other news for the stock, you see shares up over 5%. the delivery company is partnering with volta beauty to deliver beauty products nationwide. shares are up. they have doubled in the last year but let's talk about ulta. it is down 3%. that has more to do with the retirement of its ceo. have you noticed egg prices higher at the grocery store? maybe barely

. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step the s&p 500 with spy. getting there starts here. (vo) what does it mean to be rich? by investing in the s&p 500 with spy. maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. >>> welcome back to "power lunch." here is how your money looks. we were down at the end of the year, we had a nice pop to start 2025, now we're done again. not down big on the dow. do we follow the dow? we kind of do. but the nasdaq we know is what you watch. the nasdaq is down 1.4%, 286, all, as we said earlier, dom chu, of the mag seven. >> 5950 is the 50-day moving average in the s&p. we've been around that level for the last six or seven trading days. >> not just a van halen album. >> let's turn to what's happening with copper prices because they rose to a record high last may, jun

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. ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step toward the s&p 500 with spy. getting there starts here. >>> welcome back. southern california is again facing extremely critical fire conditions caused by new period of santa ana winds today. across parts of los angeles andventura counties. so far wildfires destroyed or damaged more than 12,000 structures turning entire neighborhoods into ash and rubble. as of yesterday, more than 92,000 people in the los angeles county. they were under evacuation orders with another 89,000 under evacuation warnings. our contessa brewer is on the scene in los angeles looking at the insurance costs and what's ahead for impacted homeowners and business owners. >> reporter: right now aerial surveillance is the only way that insurance companies are getting a sense of where they may have to pay out in claims. adjustors are still not being allowed back in, neither are homeowners right now. and we've seen a massive jump in the estimates for total economic damage and accuweather went from the high end of the range t

visit indeed.com/hire ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere.e, by investing in the s&p 500 with spy. getting there starts here. >>> welcome back to "fast money," all week long our traders are revealing their 2025 acronyms, and we are down to our final here. steve's acronym wage turned into sage after smurf and west rock closed. it our runner up. every component up about 40%. only amgen down slightly giving the group a 28% gain overall. steve, what's your 2025? >> boxer, and we're going to start with b for bitcoin, nd for obvious reasons, right, we have the strategic bitcoin reserve, the most pro-president because bitcoin wasn't around for most of the presidents, so there's, you know, he ties himself, president trump ties himself with the market and with bitcoin. he's not going to let either one fail. and then we move to the o, which is okta. recently profitable. this is an identity management company. it's already up 11% year to date. letter x, steel, this is one that also president trump is not going to let fail. whether he uses tariffs to sav

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