shares of vf corp. is the closing company between the anza north they say they've been hacked and will have a material impact. they are as a result unable to fulfill orders. shares are down 7%. we will have more on thi latest cyberattack. >>> let's start with the markets. my next guest says the econo will face a tug-of-war between a goldilocks scenario d an impending financial reckoning. now is the time to buy stocks that can address societal challenges. joining us is the chf investment officer at northsr asset management, the firms listed among t cc test top 100 financl adviry firmof 2023. weome. od to have you with us. >> thank you >>hat do y mean by a imnding fincial reckoning? th doesn't sound so good and implicitn e idea is is me to buy stoc a is a goldilocks scenario the idea that maybe market participants are being a little naove about investing conditions. >> since 2020 we've continued to see elevated uncertainty in the market. we think we are in the age of a poly crisis. >> a poly crisis? what

i know it's possible that there's no way vf corp.known he had a problem the same way clorox did not know but i do think generative ai can help. if you have the most data of any cybersecurity like palo alto you know hat a normal model looks like and what is an anomaly. this happens before they turn into a correct digital sabotage type situation. it's no longer okay to get mediocre cybersecurity. it's too risky as the people who run vf corp. are just finding out. i don't know about safe but in this racket it sure beats sorry. i would like to say [ indiscernible ] i am jim cramer. >>> hello, everybody. i am contessa brewer in for brian sullivan. >>> deal fever strikes hollywood . two media giants me soon unite and we have breaking developments. >>> micron on the move, why investors are cheering. >>> the first major companies raise the red flag on supply disruptions in the red sea. >>> dropping like flies. why the outlook is so bleak for so many tech startups. >>> the thief

center operations and the company had a big share price reaction to the cyber issues and vf corp downt is reaching a settlement with the d.o.t. to pay $140 million for last year's holiday meltdown if you were effective and they canceled 16,000 flights during the last ten days of 2022 and have promised nothing like that will happen this year and shares today down a quarter percent on that news. let's get over to tyler matheson for a cnbc news update tyler? >> a hamas official in beirut said they aropen to qatari initiatives on hostage exchange that would pause the war temporarily. as to when an exchange might happen moments ago national security adviser moments ago john kirby is at another point when another hostage deal is imminent >>> people remain under flood alerts as a power will storm brings heavy rain and thunderstorms to the mid atlantic and the northeast nearly half a million homes across new england, new york, new jersey are also without power. it has been raining hard >>> and the iconic blue mailboxes of the postal service are going high tech. the agency is installing 12,000

vf crop down 8% -- viad corp -- vf corp down 8%. the 10 year under 4%. a little bit of selling. know you are going to be super sad because you were not here friday when we talked to our guest. i don't know if we will get a dip in the front end, like he said. guy: are you going to get a dip anywhere? that is the question. there is so much money on the sidelines that any opportunity from this point will be pounced upon and you simply do not get the dip coming through. are you going to get a dip in european equity markets? european equity markets have not looked great this year, certainly resist portions of the u.s. market. if you take out the magnificent seven, it looks like an uneven contest. but look at what has been happening recently. the ftse mib is up 30% this year. think about what is happening in italian politics right now and more broadly in the italian economy. the ftse is up 30% year-to-date. luxury stocks have come pouring back. the european markets have looked good. does that continue into next year? i heard a lot of people talking today and be silly about the fact th

. >>> again, a cyber intrusion, a cyberattack, this time it's vf corp.ess operations encrypting some i.t. systems, stole data, including personal data. vf is experiencing certain operational disruptions. >> oh, man. bracken darrell came in there trying to do a great job. this is the last thing he needs. >> clorox this hurt badly. >> i have palo alto on tonight to deal with the fact that everybody has to comply after -- in four days, but this is horrible for this company. >> yeah. >> i think the turn was at hand very quickly. bracken is fantastic. >> incident has had and is reasonably likely to continue to have a material impact on the company's business operations until recovery efforts are completed. >> christmas is just -- well -- >> cyber, cyr,be cyber. stop trading with jim coming up. don't go anywhere. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailo

let's talk about vf corp shares those are sharing after th apparel company, which own vans and northeast, disclosed cyber incident in a filing they say the incident happened earlier this month and would likely have a, quote, material effect on its business just in time for the busy holida shopping season. that is why you are seeing shares down nearly 7%. scott? >> all right, kristina, we wil be back to you we're just getting started here up next, tech is hitting harde today. tony pastoral low is seein strength ahead he breaks down tha oprtunity. we are live from the new yor stock exchange you're watching closing bell o cnbc in the u.s. we see millions of cyberhreats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. i'm a little anxious, i'm a little excited. i'm gonna be emotional, sh

shares of vf corp. the apparel company saying they suffered a cybersecurity breach and they expect it to have a material impact on their rush, down more than 30% this year a couple of faang names hitting 52 week highs. investors may want to temper their enthusiasm over rate cuts. austan goolsbee telling cnbc he's confused about the market's reaction >> the market expectation of the number of rate cuts is greater than what the projecon is. so whether that's iced in or not iced in, that is a difference >> joini us with some reaction, chief economist, great to have you with us. it's not just goolsbee, every single fed official who has come out since the fed meeting last week has tried to bapedal and the markets do not want to listen what do you think going on here >> i think that they are quite worried that financial conditions, if they ease too muchit may complicate the job of getting inflation back to 2%. last week we got cpi, their goal is to get it down to 2%. 4%s not 2%, and i think we have quite a ro

vf corp. this chart from 2021 this bad boy is like ah mad to do sound eve effects for this one. see key moving averages, maybe formed support here but you like fundamental. >> they don't call me turnaround tom for nothing. i bring the turn arounds for 2024 the key is management change. brad took over logitech in 2013. if you bought when he became ceo you made a 26-bagger over 13 years. he is back in. did his kitchen sink quarter. new ceo, new president of van's. this thing will rip. he will apply eu stuff in the north face and -- charles: i had the pleasure of doing pretty good with that stock well from time to time. i didn't hold it from beginning to end but we did okay. >> okay. charles: i have another sound effect. baxter, since 2022 been unmitigated. i guess they don't have any fat loss drugs. >> this is the antithesis. this is sold off 65%, overhype on glds all medical devicing food companies were down, staples were down but fact they doubled free cash flow year on year. they're turning it around and here's the problem, they historically traded at 19 times pe. they trade no

the s&p 500, the tesla, meta platforms up more than 1%, vf corp. also up more than 1%. we've already done those. let's do the nasdaq wincer, why don't we? tesla up 1.5%, intel again. astra astrazeneca, they're up 2% and meta again up 1%. all right, coming up, an op-ed on m msnbc.com begs republicans to impeach president biden. the author argues that any impeachment process will only help biden in 2024. so does "the wall street journal"'s allysia finley agree? if she's here, i'm going to ask her. also a massive migrant caravan is heading to our border or. it's the largest group in over a year, could grow to 15,000 people. how does law enforcement prepare for something like this? we're going to talk to the sheriff of riverside county out in california. >>> and the new year will bring more pay for nearly 10 million americans thanks to states raising their minimum wage. economist stephen moore are take that on next. ♪ ♪ sofi is helping me get my money right to achieve my ambitions. want to see? (♪) like saving for the ultimate tailgate setup. with sofi checking and savings,

talking about companies such as vf corp and even comcast xfinity saying they have seen significant hackinghat's disrupting parts of business >>> let's begin with the markets this morning a lot of push and pull here, jim. the fed pivot, of course, has filled the tank, but overpositioning now, the idea that maybe we're severely overbought. >> at least on the s&p os later i follow, it's still been plus five for as. it's very bullish, which is we can't em to give up the ght. that said, when i looked at a lot of the charts that people call in on for "mad dash," almost every one was at a high i was quite reluctant. you have power block move over and over and over for companies that are just okay, it makes you concerned that what's going take them further animal spirits, revaluation based on multiple expansion? we don't like that. >> i guess we don't, but do you feel like it's moved into the realm of bubble territory in any way. it's not reminiscent of what we saw in '21. >> not at all. the companies that are going up are good companies, ten to be russell companies that have been left behind. >>