i am carol massar along with vonnie quinn. we are down across the board but off the worst levels. &p 500 showing declines. vonnie: the rally definitely fizzled. the s&p 500 is only down 1.6%. carol: perspective/not a terrible month when you think about it, the indexes of at 25% year-to-date? carol: same thing, nasdaq 100. two good years from both of them, we have seen similar performance. coming up, we will talk about the commodity complex. it is complex, if you will, some parts of their community universe are performing, some others not so much. vonnie: yes, look at natural gas today. who would've thought, the front month contract was up 20% at one point. we will speak with michael mcglone to talk about what is going on. carol: and is it a commodity, is that a currency? what the heck is it? bitcoin has had a bullish year. we will get thoughts on what comes next. vonnie: the index still about 108 on the dollar index. we'll go an outlook for global currencies. what happens to the other currencies if the dollar is taking it all. carol: and we will also see what kind of trump policies

i'm vonnie quinn. sonali: i'm sonali basak. we are looking at a down day. traded day. vonnie: it was a valiant effort in the last few minutes of trading. at the same time, we fidown 1.1% on the s&p 500, similarly for all of the other major indices it was a red day. the nasdaq down 1.4%. the russell 2000 down 1.6%. the philadelphia semiconductor index saw all but one of its components lower. advanced micro devices gave up most of its gains at the end. down 0.1%. those chip stocks and those favorites for most of the year are to blame for today's moves for the most part. joining to break down those market moves, alexander and natalia. alex, let's start with you looking at those gainers. boy, did you have to look hard. >> just a handful of names closing the session in the green today. progeny made a big purchase in the stock, snapping up 150,000 shares, worth $2.2 million according to a filing. insider purchases are a test of confidence by management in a company's outlook. closing up about 15%. despite being a bright spot in today's selloff, progeny shares are

i am carol massar along with vonnie quinn. it is december 31. vonnie: i cannot believe we made it. you better stay until 5:00 p.m. with me. let's get to it. a stellar year for stocks. it has been one for the bulls. modest declines today. it feels like maybe people are already done with 2024, thinking about 2025. what we are going to do over the next three hours, that is our focus. think about some of the major thematics of 2024 and really look into what maybe is coming in a new year's. we have an incredible amount of journalists and analysts around the globe so we are going to talk about their beats and what is top of mind. vonnie: there were just a few themes that stood out and took the tape the whole year throughput every time we thought they were perhaps old hat, they resurfaced and they were continually the themes. carol: speaking of artificial intelligence, those glp-1 drugs. we are going to talk about that, ai, and the ceo of reflexivity. he is sailing into our studio as we speak. also our own bloomberg grew on this space. covering all the twists and turns when it comes to th

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

i'm alix steel alongside vonnie quinn. you were on vacation for two weeks. welcome back. ading days before the end of the year but we are essentially done right? alix: the s&p 500 up 5/10 of 1%. can we trust this price action when volume is so light? vonnie: last week was heavy volume but we are down 70% from friday's volume which will tell you where people have gone for the rest of the year. treasuries reacting to the higher for longer schema. bear in mind, if you had started the year where we are now and done nothing, nothing will have changed in your portfolio. alix: and really when you think about it, usually you go on vacation and come back and everything is the same at this time you did miss stuff. the fed higher for longer scenario playing out. the 10 year yield up six basis points. you would not have expected that a few weeks ago. vonnie: i was in berlin so i was able to get service and i was sneaking a look because it was too fascinating. wednesday, thursday and friday in particular, you saw so many changes and at the end of the year, we are pretty much where we w