vonnie: incredible. something we keep an eye on although it's hard to know what it correlates to these days. still buying, but it's not helping the stock too much, microstrategy. jess: wright, microstrategy today is down 5%, on. so it's worth today since december 21. so not that long ago. it has continued to be under pressure. if you look at the equal weighted index in the third quarter, it had outpaced its broader benchmark. but this month if you look at the spw, it is down 6%, on pace for its worst month since september of 2020 two. where the s&p 500 is trading right now, it is basically erased its gains growth since election day. we have seen a big reversal where we saw a broadening out but now those gains have been given back. this is an area we have talked about a year after year. the fourth consecutive year of the russell 2000 underperforming relative to the s&p 500 and the worst year since 1988 relative to the s&p. if you are talking to michael casper, he covers small caps for gina martin adams' t

vonnie: interesting. those company taking care of ai energy needs or liquid cooling needs or are you looking elsewhere? david: you are talking utilities. utilities is a slamdunk. i think it is one of the easiest trades right now. i suspect in a number of years, it will be twice -- twice that. there is a basket of names you could own right now. in r.g., constellation energy, all names we have been involved with on and off for the last year. sonali: we were talking earlier about how vista has been the biggest gainer in the s&p 500. it has been on a massive tear, of 262%. how do you beat that? if you have been holding it, do you start to trim a position like that or do you expect anything close to that kind of game next year? david: i sold that one too early, it was a homerun for us and we left a lot of on the table. it was a name i would like to get back in. . if there's a rebalance, it could see added selling and i would love to pull the trigger on it. vonnie: next time, wait a little bit longer, david. th

vonnie: no.ear were dominated by one particular stock and then that stock would go away and another stock would come out and dominate. it was fascinating that way. carol: then we are going to look ahead to 2025. first up let's get into this last trading day of 2024. for that we bring in jess menton back in our studio. here we are, what, 58 minutes to go? i know the s&p 500 is down four days in a row. it feels like things have been mellowing out. is it a case of investors saying a good year, a bullish year, and just taking a breather? jess: we have seen in other really good years. of course with the caveat that year was in december when powell was signaling they were going to start hiking rates. to your point with the s&p 500 down four consecutive sessions, he is very onpoint when it comes to technical seasonality. he was looking for the long streaks when you see something like this happen. four consecutive sessions if it closes lower, it would be the longest losing streak to end a year since 1966

i am vonnie quinn. we have 14 minutes to go in this trading day. >> they're going to talk more about the markets but before that, we are going to talk more about what to expect because the incoming trump administration is facing its worst trajectory for federal borrowing in modern-day history with the federal deficit projected to exceed 6% of gdp next year. earlier this month, janet yellen shared her concerns about the u.s. deficit with bloomberg david. take a listen. >> i am concerned about the fiscal outlook and i believe the deficit reduction is necessary to keep us on a sustainable fiscal course. now, president biden signed into law a -- $1 trillion of deficit reduction over the next 10 years . he did that in the agreement to raise the debt ceiling and our budget proposes an additional $3 trillion of deficit reduction for 10 years and i think that is necessary to make sure that our fiscal path is sustainable. now, congress has not really done anything beyond what i have mentioned to improve the fisc

sonali basak can vonnie quinn will be -- vonnie quinn will be joining you. at 2:00. this is bloomberg. happy holidays. ♪ let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ vonnie: welcome to bloomberg markets here on this christmas eve. and hanukkah-eve as well. get a net brace for 2025. it is going to be more of the same. but at least today we are getting a santa claus rally. sonali: at least we could potentially end there to end the year. it is a short day in the markets, but we will bring you to the close today. vonnie: there are four more trading days on the year so they could be excitement. if we look at where the scoreboard is settling we are looking at an s&p 500 up .3%. nasdaq that is up 1%. very thin trading but that is not to discourage those o

vonnie: exactly.id you ever do that? [laughter] we will talk about alix and her parenting in a moment. this is bloomberg. ♪ where can nfl fans get a great deal that turns christmas day into game day? x marks the spot. the nfl is streaming christmas day games exclusively on netflix, and you don't want to miss a moment. gather round the game because nothing says holidays like family and football. now xfinity customers can add streamsaver including netflix, peacock, and apple tv+ for just $15 a month. stuff your stockings with tons of entertainment and tons of savings. bring on the good stuff. xfinity. vonnie: welcome back to bloomberg markets. retailers in the spotlight this holiday season as they always are but back in november romaine bostick and scarlet fu spoke with the bloomingdale'screased e outlook for the department store. let's have a listen. >> in asia and europe right now we are focused. that is one big difference. honestly i think the flagships will have a bright future in the next 10, 20 ye

accident. keeping it all $108.00 to $1.00 passages and crew were on board the flight from bun cops, vonny to map fault, including at least 2 tie nationals. among the many dozens of south koreans under, i spoke to south korean journalist jen moon, who was at the size of the crash about what she had been seeing. the i'm here at lou on international airport in south charlotte province, which is about $280.00, a kilometers south of the south creek capital sold hours after the crash. right now, i'm seeing more to reveal goals lining up to take bodies away. and authorities are telling me the temporary morgue has been established. the crash site i can tell you smells a lot of aviation fuel. i'm seeing a lot of workers into protective suits and masks who are coming the area while soldiers are searching. the shock on as the, as the crash happened to place early and sunday morning. so roughly about 8 hours ago the sunday morning. and this is the plane crash, which is the one of the deadliest playing crashes in south korean aviation history so far couldn't come that a worst time. as this nation goes

the flight from ben cox vonny to map fault, including at least 2 tie nationals among the many dozens of south koreans. and as i spoke to a software engine list, jen moon was at the sides of the crash about what you've been seeing there. right now, i'm here at lou on international airport inch of charlotte province, which is about $280.00, a kilometers south of the south creek capital sold hours after the crash. right now i'm seeing more to reveal goals lining up to take bodies away, and authorities are telling me the temporary morgue has been established. the crash site i can tell you smells a lot of aviation fuel. i'm seeing a lot of workers into protective suits and masks who are coming the area. a lot of soldiers are searching here, bushes for a possible box. the cover dead bodies and 124 people have recovered, had been recovered bodies and recovered from the site with 55 people still missing . and then this comes at pivotal time in south korea. what's the reaction in the country to this tragedy? right, so a lot of shock on as the, as the crash happened to place early and sunday m

the state of the new is life from the michel vonny. i, as bob's becomes modern francis shorted 7 prime minister, he's currently on the lease a palace offering his resignation to president. mccall is my knowledge of cabinets, lost a vote of confidence. also on the program. soon rebels say that closing and on the safety of hama that pricing strong, this distance from pro government forces specified russian and power. russia's foreign minister arrives in malta on his 1st visit to where you are in union country. since moscow knows it's full scale invasion, you create the, i'm feel go how welcome to the program. the beginning, france, we have 5 minutes the michelle. bonnie, a is meeting with president emmanuel, macro ought to offer his resignation. the problem in this convoy arrived at the presidential palace in paris a couple of hours ago as this shore to serve in premiere last. the votes have no confidence in parliament yesterday, and the most important 5 and last on the far right is a present macro along side has to only seek ways to sol

the contract vonny was also 1000000000 us dollars. so that's quite a having a contract. and so i news big june of this month and wells way to develop pulse into over several years. i was working freelance and i was contacted by an agency i worked for a while at the time. they were like kind of a recruitment agency for just tv and they said there was a job. some people would like you to go and interviewed for buddies based internet . and i was, i told the same size, and i think i'm quite happily going to look at that. so went along to the interview . he was in a building, central london. and it was all very kind of an income, secretive inside of it. and it felt like you were in a building, it wasn't normal. and then there were armed guards. so then i knew things weren't to know. i just assumed i'd be doing some kind of news, the type of things for them. and that was the role. and then i kind of discover that, and this was kind of, this is more intelligent space. and at the end of the interview, i said, when i know if i got the, the job to which you responded or you've alr

the this is definitely new is life from the michel vonny i as abides, becomes martin francis schultz at southern prime. minnesota is currently at the lease a palace of his resignation to president mac call is my knowledge of cabinets. lost a vote of confidence also on the program. soon rebels say that closing and on the safety of hama that pricing strong, this distance from pro government forces about 5 russian and power rushes foreign minister, arrived in malta on his 1st visit to where you are in union country. since moscow launched its full scale invasion.

well, what of mohammad agile vonny or i'm in china. what is his real name is what you did during the last 2 years is to build up a government and it lip in the smell for some part of the see we got hit this with a lot of authoritarian rule inside. so he disciplined different munitions. he kind of build them up as one font. this is why they listened very well to what he says that this looking for what you're seeing right now. he brought with a card. i used to be a kind of leader. he broke with a kind of a 2016 and his aim and his goal was always to liberate or those popular assume busy and not an international jihad. the agenda, like the terror organization, isis islamic state. this is what they so he was never interested in the turbo tax in europe or in the west anyway. so this is this agenda and what helped him to do this is that he has listen to the listening is the eclipse. he kind of minutes. well, the administration of this region, so what you did when the offensive started is sending model with messages every day . once he was ad

it's an army that wiped away hollow or vonny on the other side of the bay. the thing the antonia bay researches discovers several others submitted on science. all sources of meaning to nami. but when they look further in the full story of the pollute synonymy is finally revealed the gases look. but that's pretty amazing. what the honda will be asa where he is the re do you have to do? the trim is open ended, then closed it and opened it again. you have to do a few 100 meters away. a 2nd witness has another a newman, a thing story. so i'm wondering, i mean, it collapsed all the way down all the way to the most can a cry. all the houses collapsed at the same time from south to know like the slope of the house. so my as an immense thoughts on cuts through the town and then extends into the bay for tens of kilometers researches finally have the onset. it's this fault that cause the polluted tsunami of to 5 days of field work and months of data analysis. they can find the reconstruct the sequence of events on the 28th of september 2018 at 6 of 2 p. m. a 7.2, magn

localized and i mean it's big enough to be the main source of the tsunami that wiped away follow or. 5 vonny on the other side of the bay. the thing the antonia bay, researches discover several others, some of the advance lines. all sources of meaning to nami. but when they look for the internet and the full story of the pollute, synonymy is finally revealed. a lot of assets looks nice, but that's pretty amazing. what the honda will be, asa where he is the risk you have to do. the trend is open ended, then closed it and opened it again. a few 100 meters away. a 2nd witness has another a newman, a thing story. so i'm wondering, i mean, it collapsed all the way down that all the way to the most can a cry about it. all the house is collapsed at the same time from south to know, like the slope of the house. so my an immense vault line cuts through the town and then extends into the bay for tens of kilometer. his researches finally have the onset, it's this fault that calls the polluted synonymy. after 5 days, the field work and months of data analysis, they can find the reconstruct the sequence

it just it just so i'm very expect based off your vonny for around please. i'm now is already a story. it's jason tyson rates and you benchmark has the defending and be a champion, boston celtics beat the chicago apples they 5 time also became the 1st celtic place for a triple double. that included moving stacy points sits full assignment, larry, but in 1992, facing for this amount was $3316.00 ravens and tennessee. as the celtics people's 123 to 98. yeah. like is set to 2 games that's against the sacramento kings of the broan. james, have 32 points and how the lake is hold onto when it one a 3 to 99. golden state worry is lou. a 21 point 1st health lead over the ministration samples for steph curry helps him get back on track. he's got 11 straight points in the full hole to as the see, one for the nice is the worry is 11. so team to one or 3 that snap the worry is 3 game lazy street. and this, the victim somebody on the latest 30 points inside a career high was 10 blocks, is the san antonio supposed be the portland trailblazer is 114 to 94. the frenchman is

seeing here on the right, replace is michelle vonny, who was ousted just over a week ago by parliament in a no confidence vote following a stand off over analyst energy budget. in a honda of a ceremony, bay rose said that the solving out of france is dead. is a moral obligation, is the 4th person to hold the post this you? natasha butler reports from paris on the challenges ahead for the new prime minister. one of the days of on search and see from finally has a new prime minister for, for by root. the veteran centers leader says he's ready for the job. i think everybody knows how difficult this task is. everybody knows that it's possible to find a path that brings people together, instead of dividing them by route into politics and his twenties, he served as a minister on the several presidents, including the conservative jacques chirac and socialist falls for me to haul in 2007, he says opposite even century specialty moved in decade later it was moved and supposed that help propelled emmanuel mike rolled to the presidency on the game in 2022. the 2 men a close united by the belief i