on the desk tonight we have tim seymour, and steve grasso in the comfort of his home. >>> we start with a news alert fed governor just making some headlines at the top of this hour steve liesman joins us with what she's saying steve? >> thanks very much. fed governor michelle bowman is one of the more hawkish members of the committee, making comments saying it will eventually become appropriate to gradually lower the fed funds rate if inflation continues to decline. she says, however, they're not yet at the point to cut rates. she sees inflation declining, she's encouraged by the recent decline in inflation, but declining with the policy rate held at the current level. upside inflation risk remains. she mentioned geopolitical situation, the easing of financial conditions and continued labor market tightening, she's indeed talking about the december jobs reports and it shows strong job gains. and the recent reports, both months, she says progress has stalled on restoring balance to the jobs market. she's concerned that labor market tightness could lead to persistently higher core service

on the desk tonight -- steve grasso, karen finerman, guy adami, and dan suzuki. >>> bitcoin now at its best level in more than two years, just off its all-time high. the recent rally prompting a rush of retail trader activity into the space. crypto platformcoinbase reporting trouble handling the volume with some users reporting zero dollar balances in their account. ceo brian armstrong responding to the issues on x, saying, we are dealing with a large, in all caps, large surge of traffic. apologies for any issues you e counter. the team is working to reimmreme remediate. is the fear of missing out setting traders up for pain or can this really keep riding higher? guy? >> well, bk, who is with us in a few minutes, he'll explain what's going on. a lot of this, i think, has to do with what's going on with the inflation readings. you know, there's this concern, i think, that maybe inflation's a bigger problem than the market anticipates, which means maybe the fed's not going to be as dovish as everybody anticipates, which means maybe -- excuse me, maybe bitcoin is the play here. i've alway

on the desk tonight -- steve grasso, karen finerman, dan nay tan, and bonawyn eison. the dow closing today at an all-time high again, and even the nasdaq got it in on the action, trading at one point at what would have been a record close for the first time since november 2021. all three indices solidly in the green this year, but a couple of individual names have really caught our eye. everybody's eye, that is. nvidia continues its astronomical run. at one point today, eclipsing amazon in market cap, inching towards eclipsing alphabet. then there's arm holdings, up 30% today. nearly doubling since reporting earnings last week. eli lilly now has a bigger market cap than testesla. sand super microis closing in on 800 bucks a share. so, the monster moves got us th thinking, is this a bull market or is the market full of bull? >> whoa. >> dan? >> i'm surprised we never heard before. >> she goes to the guy who she thinks is must full of bull. really interesting day on the market, you would probably all agree. apple and microsoft and amazon and google close down 1%, the s&

on the desk tonight -- tim seymour, karen finerman, courtney garcia and steve grasso. we start off with a bitcoin break through. topping the 52,000 mark for the first time since december 2021. the coin has gained more than 20% just this month. and get this, bitcoin's market cap is now back above $1 trillion. that's bigger than berkshire hathaway. if it were a company, it would be the seventh-biggest in the united states. take a look at some of the proxies, coin base, microstrategy, marathon digital, all up double digits today. the moves coming as in flows into the spot bitcoin etfs pick up steam. the funds attracts 1.2 billion in investments last week. this according to fund strat, and seeing prices soar alongside it. so, can this rise continue? and what does this mean for risk appetite in the market, tim? >> there's high correlation there. and it's a little ironic, because in the last week or so, we've digested inflation data, dynamics around the fed that say the fed is higher for longer. it's a case where i think if you have less fed, this is one of the core ten inno

on the desk tonight -- tim seymour, steve grasso, dan nathan, and guy adami. >>> google saying today it will relaunch its gemini a.i. picture generator in a few weeks. the softwaredebuted this month was pulled. alphabet shares dropping 4% today, notable standout today. they're now down more than 10% off the highs of the year. and today's move puts the stock in the red for the year. alphabet has been far underperforming its a.i. rivals. meta jumping 36% today this year, microsoft is up 8%. so, why does google seem to be struggling so much in this a.i. space, guy? >> i think it's a number of reasons. they have a messaging problem, without question. they had that emergency meeting a few months ago to talk about different things. they're doing -- they're having a difficult job explaining how they've been in a.i., probably longer than any other company out there, maybe not named microsoft or apple. but i also think to a large extent it has to do with the high flying tech names that have taken their thunder away. why be in a google a opposed to nvidia or micron or broadcom that trades up 2