Audio Transcripts 22h 21m 46s

Bitcoin faces pressure as key buyers like MicroStrategy pivot to cash and ETFs see outflows. Analysts warn of a potential "forced seller event" in January if MSCI removes crypto-heavy firms from its indexes, which could trigger $9B in passive outflows. 1m 35s

Bitcoin is down 20% in 3 months as MicroStrategy shifts to the defensive, selling $750M in shares for cash rather than BTC. With its stock down 50%, a potential MSCI index removal in January could trigger $9B in outflows, leading to higher volatility and thinner liquidity. 1m 0s

MicroStrategy is shifting to defense, selling $750M in shares to build a $2.2B cash reserve instead of buying Bitcoin. With the stock at a discount to its BTC holdings, its growth model is stalling as the firm faces potential removal from major indexes in January. 2m 29s

Nvidia is effectively paying $20B to bring in talent and tech from rival Groq, founded by Google’s TPU architect. By using a licensing model to avoid regulatory scrutiny, Nvidia gains expertise and solves memory bottlenecks while deploying its massive $60B cash pile. 1m 41s

Nvidia is paying $20B to license Groq’s tech and hire its top team, including the creator of Google's TPU. This "aqua-hire" strategy avoids regulatory review to secure AI inference talent and block rivals like AMD, despite Groq recently slashing revenue projections. 1m 8s

Strategy shares fell 40% this year as Bitcoin prices pulled back. The company is now in "defense mode," raising a $2B cash reserve and pausing Bitcoin purchases to prioritize debt. A potential MSCI index exclusion in January adds further pressure to the major crypto proxy. 1m 49s

A record 53 members of Congress are not seeking re-election, a historic high for this stage in the cycle. Driven by midterm trends and shifts in party power, the exodus includes key bipartisan voices, signaling a potentially narrow and divided outcome for the next Congress. 2m 40s

AEI's James Pethokoukis says Congressional gridlock is forcing a reliance on executive orders. While AI regulation has little momentum, the real risk to the AI boom is the failure to pass permitting reform for energy. Avoiding shutdowns is key for restoring market certainty. 3m 58s

Analyst Stacy Rasgon notes NVIDIA's deal with Groq bolsters its AI inference moat and integrates high-bandwidth architecture. While the deal silences critics, Rasgon remains skeptical of Intel's long-term turnaround, which he predicts could take until 2030 to complete. 4m 42s

Apollo Chief Economist Torsten Slok is bullish on 2026 growth, citing tax incentives and lower oil prices. However, he warns that extreme market concentration in AI—now impacting both equities and credit—poses a risk if the tech narrative falters despite a strong economy. 2m 36s

As 2025 wraps, analysts look to 2026. Gina Sanchez remains bullish on AI infrastructure despite rising inflation and a weak, K-shaped consumer. Justin Bergner expects a flat market, prioritizing value stocks like Belden for its industrial automation exposure. 6m 31s

Ben Emons of FedWatch Advisors expects the Fed to drive 2026 markets via a new chair and rate cuts. He views Rick Rieder as market-friendly and predicts a steepening yield curve and rising gold prices as investors hedge against policy and political uncertainty. 5m 7s

CNBC panelists share final trades: Katie Stockton picks Bitcoin (stop loss $84k) citing contrarian sentiment. Chris Verrone likes Software for a 2026 breakout. Kourtney Gibson favors MicroStrategy, while Brian Kelly bets on Freeport (FCX), gold, and copper. 1m 9s

CNBC’s Squawk Pod reviews the post-holiday economy. Retailer Michael Zaccour says value stores are beating luxury, while markets see gains in metals and AI chips. Plus, Arthur Brooks explains how to buy happiness through experiences, giving, and saving instead of stuff. 20m 38s

Caitlin Donovan of Joopiter discusses auctioning Kobe Bryant's iconic Kobe 6 sneakers, which could fetch $10M. She highlights the booming sports collectible market, noting these items are now viewed as historical artifacts, attracting a new global class of investors. 4m 47s

Charlie Cook analyzes the midterm landscape, noting a "sour mood" among swing voters and high GOP retirement rates. Despite gerrymandering, low approval for Trump in swing districts suggests a difficult path for Republicans to maintain their House majority. 5m 0s

DCLA’s Sarat Sethi advises diversifying into underappreciated sectors like healthcare, commodities, and financials. He favors high-quality cash flow companies like Freeport-McMoRan and Thermo Fisher, noting stock selectivity is key as the broader market is fairly valued. 4m 21s

Economists Jared Bernstein and Peter Earle analyze the strong 4.3% GDP growth. Bernstein notes a K-shaped recovery and tariff concerns, while Earle expects 2025 growth to be driven by broadening capital investment despite cooling labor market conditions. 4m 50s

Experts analyze the rally in gold and silver, citing central bank diversification and geopolitical shifts. While gold remains a key store of value, silver's parabolic rise and technical breakout suggest strong momentum and potential long-term outperformance. 5m 48s

Gold and silver hit record highs, Zelenskyy plans to meet Trump, and a $1.8B Powerball winner is found in Arkansas. Plus, Waymo pauses robotaxis in SF due to rain, and Snowflake is reportedly nearing a $1B deal to acquire AI startup Observe. 1m 25s

Jason Greer discusses "AI washing," where firms use AI as a cover for layoffs to satisfy shareholders. While sectors like insurance face heavy disruption, workers must focus on reskilling as automation replaces mid-tier roles and traditional coding jobs. 4m 40s

Jefferies analyst Randy Konik is bullish on Nike, citing CEO Elliott Hill’s insider expertise and Tim Cook’s $3M stock purchase. Konik expects a turnaround via improved product and distribution, noting Nike's strong footwear moat compared to competitors like Lululemon. 4m 20s

Katie Stockton forecasts a crude oil turnaround, targeting $68 for WTI with support at $55. As energy rotates into favor over tech, she identifies SLB, TRGP, Halliburton, and Exxon Mobil as top stocks to watch for upside momentum. 2m 59s

Komal Sri-Kumar warns of a turbulent 2026 as political pressure and a lack of Fed independence drive interest rate cuts. He notes the rally in gold and equities reflects a flight from currencies and inflation, as the US dollar loses its status as a primary safe haven. 5m 1s

Lance Wilkes of Bernstein analyzes the health insurance sector, noting record-low margins but potential for recovery through a traditional insurance cycle. He argues Trump's proposed 50-70% price cuts are unlikely without congressional reform to reduce coverage levels. 6m 27s

Michael Farr foresees a near-term market pullback but remains long-term bullish, citing economic strength. He highlights healthy market broadening into cyclicals and recommends healthcare stocks like Eli Lilly and Novo Nordisk, driven by the massive potential of GLP-1 drugs. 4m 51s

Michael Zakkour discusses retail resilience despite a short holiday season. Value retailers and electronics led, while the K-shaped economy persists with top earners driving 80% of spend. 2026 is expected to favor budget-conscious shopping and essential goods. 5m 36s

MicroStrategy is pivoting from Bitcoin buying to building a $2.2B cash reserve. With shares down 50% YTD, the firm faces removal from MSCI indexes in January, which could spark billions in outflows as it struggles to prove it’s an operating business rather than a fund. 1m 52s

Nvidia is striking a $20B deal to license tech and hire talent from AI chip firm Groq. This strategic move helps Nvidia develop more efficient chips and block rivals while bypassing regulatory scrutiny. Groq’s founder, a key architect of Google’s TPU, is also joining. 3m 5s

Oil prices face downward pressure from a massive supply surplus and record US production. Experts John Kilduff and Rob Thummel note that while oil prices may stay low through 2026, energy stocks remain attractive value plays due to capital discipline and strong dividends. 4m 0s

Oracle’s growth is tied to OpenAI's success. Analyst Brent Thill notes high capex and OpenAI's private status create risk, but its push into enterprise sales and top-tier hires signal long-term potential. Oracle's valuation reflects this "show me" phase of AI. 4m 32s

Piper Sandler’s Craig Johnson says the S&P 500 bull market and Santa Claus rally remain on track. He is bullish on copper and gold miners (GDX), citing significant upside. Biotech (XBI) is his top surprise trade for 2026, expected to gain momentum as interest rates decline. 3m 9s

Rocket Lab CFO Adam Spice highlights a record 2025 with 21 successful launches and confirms the Neutron rocket is on track for H1 2026. With a major SDA contract and expanding space systems business, the company is solidifying its position as a key global aerospace partner. 5m 54s

Saga Ventures’ Thomson Nguyen expects a major IPO surge in 2025-2026, led by giants like OpenAI and SpaceX. Despite potential valuation shifts, he notes we are still in the "early innings" of AI growth, moving toward a future of infrastructure and agentic commerce. 4m 55s

Scott Lincicome of the Cato Institute explains that while US tariffs haven't caused a recession, they've created a compliance "labyrinth." Since 2017, tariff regimes jumped from 3 to 17, with constant revisions making it a complex disaster for businesses to navigate. 4m 3s

Steve Westly highlights 2026 as pivotal for Tesla. Despite trailing Waymo in robotaxis, the booming energy division—growing 40% to $14B—is a key catalyst. To keep its record stock price, Tesla must prove it’s a tech and energy leader, not just a car company. 4m 21s

Storch Advisors CEO Gerald Storch predicts a strong 4-5% rise in holiday sales, citing real wage growth. He rejects "K-shaped" economy fears, noting broad spending. However, he remains bearish on home improvement as high interest rates delay big renovation projects. 3m 39s

Swan Bitcoin CEO Corey Klippsten predicts Bitcoin will top $125k in 2026, citing strong institutional adoption. He also notes that while some miners are shifting focus to AI, it won’t hurt the network since hash rate is a lagging indicator that follows price. 3m 21s

The domestic box office is nearing $9B this year, led by Avatar. Analyst Paul Dergarabedian predicts massive growth ahead with a slate including Avengers and Toy Story 5, as studios recommit to theatrical releases to engage audiences and leverage the communal cinema experience. 5m 11s

Thomas Hainlin of U.S. Bank sees a strong outlook as market growth broadens beyond tech into cyclicals. Key drivers include steady consumer spending and AI investment. Top picks for 2026 include non-agency mortgages and foreign equities in Europe and Asia. 3m 53s

Vance Howard of Howard Capital is bullish, targeting S&P 7,000 by year-end and 7,700+ in 2026. He cites strong profits, potential rate cuts, and record cash on the sidelines as drivers. He also favors Bitcoin ETFs (IBIT) over gold, seeing BTC as oversold. 4m 35s

AAA CEO Gene Boehm expects 122M+ holiday travelers, with 109M driving due to lower gas prices. AAA projects 860,000 roadside rescues and notes record air travel (8M+). Boehm urges drivers to "Move Over" for emergency workers' safety after 14 line-of-duty deaths this year. 4m 46s

Analysts discuss Intel's foundry transition, calling missed customer wins a "slight negative." While 18A yields remain a focus, a tough PC market and rising memory costs pose risks to 60% of Intel’s revenue. Progress remains a slow "baby step" process. 4m 26s

Analysts see Walmart as a tech-like "machine" with AI upside. Target is primed for margin recovery, while Costco faces shifting demographics. Tariffs remain a factor for footwear but are expected to stabilize through 2026. Walmart and Dick’s remain top retail picks. 4m 34s

Bill Nygren of Oakmark Funds expects 2026 to favor stocks "left behind" by the momentum of 2025. He highlights Salesforce as a value-driven AI play and remains positive on financials, noting that banks still offer attractive multiples compared to the broader S&P 500. 2m 47s

Brett Ryan of Deutsche Bank discusses a stable labor market with low hiring and firing. He predicts strong 2025 growth from tax refunds and AI investment, leaving the Fed split on whether to cut rates or wait to see if a tightening labor market keeps inflation above target. 4m 33s

C.J. Farley argues that corporate choices, not AI, drive job displacement. While AI mimics creativity, it currently lacks the soul to produce truly great art. The industry is split: some embrace AI-generated content, while others market "guaranteed human" work to protect value. 5m 24s

CFRA’s Sam Stovall tells CNBC the S&P 500 bull market remains resilient, backed by tech earnings. He targets 7400 by year-end 2026, expecting mid to high single-digit gains. He notes that while double-digit "four-peats" are rare, year-four bull markets often last six years. 4m 32s

CNBC's Deirdre Bosa shares her "ChatGPT Wrapped" to show how the AI tracks user habits. She argues that as chatbots become commodities, personalized memory is the key to "stickiness" and keeping users from switching to rivals like Gemini or Claude. 1m 36s

CNBC’s Carl Quintanilla and Melissa Lee report from the NYSE on a shortened Christmas Eve. With markets near record highs and low volatility, expectations remain high for a year-end rally fueled by fiscal stimulus hopes and earnings growth for the S&P 500. 1m 1s

Daniel Newman highlights Intel's 14A node as crucial for NVIDIA and Apple. He predicts Meta and Amazon will rebound in 2026 following major AI talent and silicon investments. Finally, he foresees record-breaking IPOs from Elon Musk and Sam Altman in the coming year. 4m 35s

F/M Investments CEO Alex Morris discusses market uncertainty and muddled Fed data. He recommends a barbell strategy of AI stocks (Nvidia, AMD, Vertiv) and T-bills, plus defense picks like Raytheon. He also weighs in on potential tariff shifts following Supreme Court rulings. 3m 19s

Fedwatch Advisors’ Ben Emons is bullish on Bitcoin and chip stocks like Nvidia for a year-end rally. Despite strong GDP data, he expects a cautious Fed regarding rate cuts, which may drive bond volatility and keep gold attractive as an alternative asset. 3m 57s

Financials are rallying on rate cuts, deregulation, and strong capital markets. RBC’s Gerard Cassidy predicts 2026 loan growth, an IPO pickup, and a surge in M&A due to faster regulatory approvals. He notes that AI will further boost bank efficiency and profitability. 5m 34s

For the 70th year, NORAD is tracking Santa’s journey across the globe. General Gregory Guillot says Santa is currently flying over Russia toward the Pacific. Backed by radar and 200+ volunteers, the team ensures a safe flight for the world’s most famous aviator. 4m 55s

Gerard Cassidy of RBC tells CNBC that the top risk for banks is a 2026 inflation surge forcing rate hikes. However, strong nominal GDP could accelerate loan growth beyond current market pricing. He also cites the upcoming Basel III endgame proposal as a key catalyst. 4m 26s

Gold and silver hit record highs as CNBC’s Andrew Ross Sorkin and Joe Kernen cover Waymo updates, Motive’s IPO, and the $1.7B Powerball. Joe dismisses the lottery as a "tax on the stupid" while Andrew argues a few dollars is worth the dream. 2m 44s

Guggenheim analyst Simeon Siegel says holiday shopping is solid despite low consumer sentiment, noting US shoppers remain resilient. He highlights Birkenstock as a top pick for its unit growth and views Tim Cook’s Nike stock purchase as a positive signal for the brand. 5m 7s

Healthcare is the top-performing sector as investors rotate from tech. Mizuho’s Jared Holtz sees the rally lasting into 2026, driven by drug pricing clarity and low valuations. Biotech is a highlight, seeing record gains and strong M&A activity despite political risks. 4m 30s

House Speaker Mike Johnson committed to a 2024 vote on banning members of Congress from trading individual stocks. Rep. Bryan Steil says the 2012 Stock Act is ineffective and new legislation is required to stop insider trading and regain the American people's trust. 3m 55s

Jan Kniffen projects a strong holiday retail season with sales growth of 4% or more and solid margins. Top performers include Walmart, Dick's Sporting Goods, and Ralph Lauren, while Target and Lowe’s may struggle. Despite economic pressures, consumer spending remains resilient. 4m 35s

Jeremy Siegel highlights a stable labor market and cooling inflation, suggesting the Fed should lower rates to the low 3s. While political risks like a government shutdown loom, tailwinds from tax refunds and lower gas prices offer a positive outlook for the year ahead. 4m 25s

John San Marco of Neuberger Berman discusses the retail rebound, highlighting value-driven picks like TJX and Dollar Tree. He predicts a strong 2026 for Home Depot and Costco, fueled by tax reforms and pent-up demand for discretionary goods as key growth drivers. 5m 2s

Katie Stockton notes a loss of market momentum despite the S&P 500 being near record highs, eyeing 6911 for a confirmed breakout. She expects 10-year yields to trend lower toward 3.67% and sees Bitcoin finding support near 84k, though its long-term momentum is deteriorating. 6m 50s

Kevin Mahn of Hennion & Walsh tells CNBC he expects the bull market to continue into 2026 with double-digit growth and more volatility. Key sectors include AI infrastructure, biotech, and power. He forecasts 3% GDP growth as the Mag Seven's market dominance begins to weaken. 5m 52s

Lee Baker of Claris Financial expects a Santa Claus rally and is hopeful for 2024. He’s cautious but hopeful about Fed rate cuts. His top pick is Weyerhaeuser (WY), a timber company undervalued relative to its assets that stands to gain from a housing market recovery. 3m 11s

Moody's Mark Zandi calls the economy "fragile" despite 4.3% GDP growth, citing stagnant hiring and rising unemployment. He notes layoffs are low for now but estimates actual inflation is closer to 3%. He also flags AI as a key risk factor for potential market corrections. 5m 30s

Patrick Fruzzetti warns that structural inflation may limit rate cuts in 2026. While AI spending fueled 2025, investors will now demand ROI. He favors healthcare due to low valuations and historical outperformance during midterm election cycles. 4m 16s

Portal Innovations CEO John Flavin predicts a robust 2026 for biotech, highlighting neurology, rare diseases, and obesity as key sectors. He expects a rebounding IPO market to fuel early-stage innovation in AI-enabled life sciences, CRISPR, and gene therapy. 4m 11s

RBC's Helima Croft discusses the 2026 oil outlook, noting that while US production is high, mid-$50 prices are challenging. Key risks include potential regime change in Venezuela, Israel-Iran tensions, and the impact of the Russia-Ukraine war on global energy supplies. 4m 2s

Retail expert Stacey Widlitz says Ulta, TJX, and Walmart are winning last-minute shoppers. Though consumers claim caution, lean inventory and low discounts mean many pay full price. She also upgraded Nike to Buy, citing brand recovery and improved margins. 5m 6s

Rick Santelli reports initial jobless claims fell to 214,000, beating expectations, while continuing claims hit 1.92M. He flagged potential data distortions from seasonal adjustments as the dollar index eyes its worst year since 2017. The 10-year yield sits at 4.16%. 2m 9s

Starbucks baristas are returning to work at 166 locations after a strike, though the union says actions continue as 19 more stores file for elections. Also, a record-setting holiday travel season is expected for Christmas. 1m 2s

Stew Leonard’s CEO Stew Leonard Jr. says holiday demand remains strong despite a 15% rise in beef prices. While staples like eggs are cheaper, the chain is using AI for production planning and monitoring social media trends after its "cookie milk" went viral on TikTok. 4m 6s

TD Cowen’s Oliver Chen highlights top retail picks for 2026, naming Walmart as a favorite for its ability to capture both low and high-income shoppers in a K-shaped economy. Other top ideas include Costco, Warby Parker, Levi’s, and luxury names like Richemont/Cartier. 4m 55s

The crypto industry is lobbying DC through Pubkey, a Bitcoin-themed dive bar. It serves as a physical hub for policymakers to engage with digital assets. Despite the retirement of key advocates, the industry continues its push for legislative progress on Capitol Hill. 2m 40s

Tom Lee validates the Santa rally and shares his 2026 outlook, citing a dovish Fed as a tailwind for industrials and energy. He predicts tech-forward banks could be the next "Mag 7" due to AI and blockchain, while lower rates and M&A activity boost regional banks. 4m 39s

UBS analyst Erika Najarian names Bank of America, Capital One, and Huntington as top picks. Sector growth is driven by deregulation and activity. She predicts a surge in large bank mergers in H1 2025 to leverage a permissive regulatory climate before the midterm elections. 5m 53s

Victoria Greene of G Squared Private Wealth views metals as a 'flight to quality' hedge. Top picks: Rio Tinto, Newmont, and Wheaton Precious Metals. While cautious on oil prices, she recommends Chevron for its yield and strategic assets in Guyana and Venezuela. 4m 51s

AI giants like OpenAI and Anthropic may head for IPOs in 2026. Experts say massive CAPEX needs for AI data centers (est. $5T by 2030) will require public market access for cheaper debt and financing durability. This shift marks a major turning point for private AI firms. 2m 53s

AI leaders are clashing: Yann LeCun argues that current scaling is the wrong path to general intelligence, favoring "world models" instead. Meanwhile, Demis Hassabis and Elon Musk defend massive scaling, which underpins trillions in CAPEX for chips and data centers. 2m 24s

AI leaders are divided on whether scaling LLMs leads to general intelligence. Google’s Demis Hassabis and Elon Musk say yes, but Yann LeCun calls AGI "BS," arguing LLMs aren't enough. This debate centers on whether massive industry spending will yield a near-term ROI. 1m 56s

Alan Ratner discusses housing affordability, noting that local bottlenecks like fees and delays hinder federal plans. He says significant mortgage rate drops in 2026 are unlikely and that large builders have absorbed tariff costs, keeping new home prices stable for now. 3m 51s

Anthony Pompliano discusses Bitcoin’s volatility and the shift toward "everything exchanges." He highlights the synergy between AI for revenue generation and crypto for wealth preservation, predicting major financial firms will announce new initiatives within six months. 5m 23s

BMO’s Evan Seigerman analyzes the obesity drug race between Novo Nordisk and Eli Lilly. While Novo’s Wegovy pill is a win, Lilly’s pill offers better convenience. With only ~6M Americans on GLP-1s out of 140M+, the market has massive room for growth as new players enter. 4m 22s

Baird analyst Colin Sebastian says Meta’s AI investments will fuel growth via new product launches. He also highlights Airbnb’s strength, noting its unique inventory gives it a competitive edge as AI-driven search begins to replace traditional travel browsing. 3m 43s

Bill Smead argues household formation drives the economy more than Fed policy. To lower long-term rates, he says investors must shift money from S&P 500 stocks into bonds. He notes high mortgage rates freeze the housing market as homeowners keep their current low rates. 4m 48s

Bitcoin falls to $88k as crypto markets underperform tech. Analysts point to cooling ETF demand, year-end tax loss selling, and thin holiday trading as key factors. The downturn is also dragging down crypto-linked stocks like Coinbase and MicroStrategy proxies. 55s

CNBC's Fast Money final trades: Tim Seymour selects Novo Nordisk, Courtney Garcia picks Freeport-McMoRan, Steve Grasso targets 20% upside for Boeing, and Guy Adami goes with Cleveland-Cliffs. Host Melissa Lee mentions her upcoming "Squawk on the Street" appearance. 1m 3s

CNBC's panel discusses the bull market's future. Bryn Talkington & Adam Parker expect growth driven by strong earnings, but Cameron Dawson warns that high valuations and a high bar for performance could lead to increased volatility and susceptibility to shocks. 3m 57s

CNBC’s Jim Cramer and David Faber discuss record highs in gold and silver. Cramer notes younger investors are turning to gold as portfolio insurance against $37T in national debt. With gold's popularity rising at Costco, he emphasizes its essential role in every portfolio. 1m 23s

CNBC’s Michael Santoli notes the market is pricing in a Q1 reacceleration. While cyclical stocks show promise, he downplays the impact of tax refunds and warns against hoping for economic conditions that would force aggressive Fed easing. 1m 3s

CNBC’s Rick Santelli reports on the bond market, noting 10-year yields are hitting resistance at 4.20%. He remains skeptical of hitting 2% inflation targets and criticizes conflicting economic data and the influence of media narratives on consumer confidence. 2m 3s

Calls of the Day: First Solar, Live Nation, Estee Lauder, Ametek and Fedex 4m 6s

Canaccord Genuity analyst George Gianarikas discusses Tesla safety concerns and Musk’s politics. He expects no major sales hit from complaints and remains bullish on Robotaxis, citing superior safety. Q4 delivery targets were trimmed due to ending subsidies, but a rebound is likely. 5m 24s

Chris Kelly predicts AI will pivot toward efficiency and human-like reasoning in 2026, moving beyond raw power. He expects talent wars, a rise in open-source models from Meta and China, and potential M&A as tech giants like Apple hunt for cost-effective breakthroughs. 5m 26s

Chris Krueger warns that $30B in expiring Obamacare subsidies could impact 22M households. While $135B in tax refunds may offer a fiscal boost later, potential government shutdowns and Senate gridlock over a retroactive fix create significant economic uncertainty. 4m 58s

Citadel to return $5 billion in profit to investors 1m 2s

Citi's Drew Pettit sees a "risk-on" market favoring AI and cyclicals. He expects a volatile 2026 with a 7,700 S&P 500 target. His top pick is Boston Scientific for its strong margins. While optimistic about a Santa Claus rally, he warns of potential short-term choppiness. 3m 41s

Cramer’s Stop Trading: Warner Bros Discovery 1m 27s

Data centers in space will be 'front and center' for investors in next 12-24 months: BofA's Obin 4m 33s

David Palmer of Evercore ISI highlights casual dining as a top pick for 2026. Despite commodity inflation and weak consumer sentiment, brands like Brinker and Darden are favored over fast food due to strong value plays and early tax relief benefits. 2m 4s

David Zervos tells CNBC the U.S. is entering a high-productivity era. Sparked by COVID and "supercharged" by AI and deregulation, the economy could see 4% growth even as unemployment rises. Companies are leveraging new tools to do more with fewer employees. 4m 17s

Deal backlog has been worked through and starting to see new activity, says Vito Sperduto 4m 33s

December Consumer Confidence missed expectations at 89.1, with the Present Situation index hitting its lowest since Feb 2021. Richmond Fed data also showed sector weakness, while Treasury yields rose, with the 10-year hitting a 3.5-month high near 4.20%. 1m 59s

Defiance ETFs CIO Sylvia Jablonski tells CNBC that a GDP reading around 3.3% would be a positive result for markets. While lower than the previous 3.8% figure, meeting expectations would provide a "just right" scenario for investors looking for economic stability. 30s

Dr. Ashish Jha says oral GLP-1 drugs will revolutionize obesity treatment, reaching those who avoid injections. While upfront healthcare costs may rise, the benefits for longevity and chronic disease make this a major health win as Novo and Lilly compete for the market. 3m 1s

Ed Yardeni predicts a "Roaring 2020s" economy driven by productivity growth. Despite record GDP, he warns stimulus might spook bond markets. He views 4-5% as the normal interest rate and anticipates 10% market growth next year, though the first half may be rough. 4m 24s

FDA has approved Novo Nordisk’s first oral GLP-1 pill for weight loss. Launching in 2026 at roughly $150/month, the pill offers an alternative to injections like Wegovy. CEO Mike Doustdar expects this to expand the market for patients who are needle-averse. 1m 26s

Final Trades: Melrose, Exxon, Semis and the INDA 30s

Former UK Treasury Minister Jim O’Neill on his expectations for global markets in 2026 3m 5s

Goldman Sachs' Daan Struyven says strong US oil production keeps energy prices low despite global shocks. Metals like gold and copper are outperforming due to Fed cuts and supply limits, while potential tariffs impact silver and copper inventories. 4m 42s

Industrial production increased in November 1m 15s

JPMorgan analyst Steve Tusa remains bullish on industrials for 2026, citing "off the charts" data center demand. He recommends buying the dip in Vertiv and favors Johnson Controls for margin growth. Dover and DuPont are top picks for economic leverage. 5m 30s

Jay Woods predicts a steady market with the S&P 500 reaching 7200. He expects leadership to shift from mega-cap tech to financials and transports. Key headwinds include midterm elections, SCOTUS tariff rulings, and the transition to a new Fed chair. 6m 19s

Jim Beam will pause production at its flagship Kentucky facility for all of 2025. The move follows a decline in sales after 20 years of growth, attributed to record-low US alcohol consumption, trade issues with Canada, and shifting preferences among consumers. 2m 2s

Jim Cramer predicts a bullish 2026 driven by strategic acquisitions. He urges investors to stay in the market, explaining that M&A activity reduces share supply, supporting price growth. These strategic deals offer significant profit potential for those who remain invested. 1m 54s

Jim Cramer reviews his 2025 macro outlook: the 10-year Treasury yield hit 4% first, reaching a 3.88% low in April. Meanwhile, the labor market is no longer tight, with unemployment rising to 4.6% and job growth stalling, providing the Fed room to cut interest rates. 2m 31s

Jim Cramer revisits his 2025 macro predictions: Treasury yields hit 4% first, the labor market cooled, and stocks rallied despite tariff volatility. Corporate earnings growth remains strong, with a 14% forecast for 2026 keeping the bull market on track. 6m 51s

Jim Cramer’s Lightning Round: He recommends owning Rubrik (RBRK), trimming Network Appliance, and avoiding Patterson-UTI. He warns Fubo has run too high and notes that Gorilla Technology and Dynex Capital require further research. 3m 59s

Joe Lavorgna, Treasury Counselor, tells CNBC the economy is booming with 4% growth. He expects inflation to drop further and wages to rise through supply-side policies like no tax on tips. He argues for rate cuts to boost interest-sensitive sectors like housing. 4m 50s

Kathryn Thompson highlights the $300B infrastructure bill and US reindustrialization as massive tailwinds for the materials sector. Key drivers include data centers and onshoring, with top picks like Martin Marietta, Vulcan, and CRH poised to benefit from future rate cuts. 5m 12s

Kevin Simpson sees a bullish 2025 and a "stock picker's market." He’s selective in tech, favoring Micron while liquidating Oracle. Simpson expects broader growth across financials and materials but remains high on tech innovation and gold miners like AEM. 3m 37s

Larry Ellison is personally guaranteeing $40B+ for Skydance’s acquisition bid. Seaport analyst David Joyce says while it addresses board concerns, it isn’t a "game changer" yet. Hurdles remain regarding debt, tax implications, and asset valuations before a deal is reached. 3m 33s

Markets hit record highs to end 2025, with momentum expected to carry into 2026. Analysts cite strong GDP, a dovish Fed, and resilient consumer spending as key drivers. While tech and semis lead, financials and industrials show strength despite low consumer confidence. 5m 17s

New Constructs CEO David Trainer advises diversifying beyond the crowded Mag 7 for 2026. He views Google as a winner due to its infrastructure and cash flow, while warning that "micro bubbles" will expose firms like Oracle that lack the capital to win the AI race. 3m 49s

Oppenheimer analyst Brian Nagel names Nike a top 2026 pick with a $120 price target. Despite recent stock drops, Nagel cites success in product innovation and wholesale recovery. He expects earnings to normalize as management executes its turnaround and offsets tariff costs. 4m 47s

Rick Santelli reports a strong 4.3% Q3 GDP, beating the 3.3% estimate. Consumption hit 3.5%, though the price index rose to a warm 3.8%. Durable goods fell 2.2%, but capital spending stayed solid. Interest rates rose as the dollar index hit a two-and-a-half-month low. 3m 49s

Ryan Detrick of Carson Group tells CNBC a Santa Claus rally is likely, noting the market hasn't missed three in a row. He remains bullish on global growth, favoring cyclicals and metals like silver and copper as the economy broadens heading into 2026. 5m 8s

Seamus Fernandez discusses Novo Nordisk’s GLP-1 pill, noting it faces manufacturing hurdles and competition from Eli Lilly’s orforglipron. While it expands Novo's reach, 2026 will be the ultimate test of consumer preference between the rival weight-loss treatments. 3m 51s

ServiceNow CEO Bill McDermott told CNBC the acquisition of Armis expands their AI control tower across IT, OT, and IoT environments. By integrating asset discovery, the company aims to accelerate growth and lead the enterprise in digital transformation and agentic AI. 3m 31s

Stephanie Link is buying Zoetis on valuation, eyeing a $100B animal health market, while taking profits on Elanco. The panel also discusses the copper boom, noting Freeport-McMoRan's pure-play status and Link’s preference for Antofagasta's execution. 2m 42s

Steve Odland discusses a "K-shaped" economy where consumer confidence falls for those earning under $125k but rises for the wealthy. Small businesses and Main Street struggle with high food prices and tariffs, while service-sector productivity drives overall growth. 4m 12s

Steve Schoffstall of Sprott analyzes the rally in gold, silver, and copper. Gold is soaring on central bank demand and geopolitical risk. Silver is rising as an industrial asset in deficit. Copper faces prolonged supply shortages driven by AI and the energy transition. 4m 58s

Tesla shares are near record highs, driven by an AI narrative focused on Robotaxis and Optimus robots. Barclays analyst Dan Levy notes that while auto fundamentals and global sales face pressure, investors are betting on Elon Musk’s vision for an autonomous future. 4m 55s

The AI race is shifting toward commoditization as we look to 2026. Apple and Microsoft are pivoting to partnerships with OpenAI and Anthropic, focusing on product layers like Siri and Copilot. Future success depends on the user experience rather than the underlying LLM. 3m 46s

The Trump administration will start garnishing wages for student loan defaulters in the new year, potentially affecting millions. Separately, the restaurant industry continues to struggle with weak consumer sentiment and rising tariff costs despite value deal efforts. 1m 11s

Tim Seymour sees a bullish setup for international markets due to a weaker dollar and Fed rate cuts. He recommends a 75/25 split between developed and emerging markets, eyeing European banks, Siemens, and tech giants like ASML and TSMC for growth and high dividends. 2m 18s

UBS analyst John Lovallo discusses housing affordability solutions, including mortgage subsidies, tariff cuts, and building on federal land. While lower rates help, he notes that local zoning hurdles and infrastructure needs remain significant barriers to progress. 2m 35s

Visa economist Michael Brown reports a 4.2% rise in holiday retail sales, showing consumer resilience despite soft sentiment. Spending is shifting toward services and experiences. Looking ahead, tax refunds and rate cuts are expected to drive 2.8% real growth next year. 3m 23s

'Fast Money' traders on Netflix, Paramount shares amid WBD bidding war 5m 1s

ACME Capital's Hany Nada discusses the IPO market, noting companies stay private longer due to regulatory burdens and ample private funding. He argues this deprives public investors of high-growth years and calls for reduced regulation to help smaller firms list earlier. 4m 55s

Alphabet is acquiring Intersect for $4.75B to secure power and data center capacity amid surging AI demand. The deal gives Google control over gigawatts of energy projects, addressing critical power and grid constraints. Alphabet shares rose 0.5% on the news. 1m 1s

Analysts debate the 2025 market outlook. Tom Lee and Stephanie Link foresee double-digit growth driven by strong earnings and AI. Chris Harvey expects modest single-digit gains, citing macro risks and high valuations. All agree on potential first-half volatility. 4m 38s

Bill Ackman proposed helping Elon Musk take SpaceX public via a special acquisition company. The plan offers Tesla shareholders "SPARS" (acquisition rights) to participate in the SpaceX IPO and Musk's xAI, a move Ackman says would democratize the investment process. 1m 55s

Bill Kirk discusses retail trends: Walmart and Target gain from app-driven in-store pickups. Target sees tactical holiday strength, while Costco faces headwinds as slowing traffic and a shift toward convenience challenge its value-first model amid easing food inflation. 4m 27s

CNBC’s Carl Quintanilla and Jim Cramer discuss a potential year-end "melt-up" as markets eye a third straight 20% annual gain. Cramer notes that sellers are stepping back, letting stocks rise, while historical trends suggest a year-end rally often signals a strong 2025. 2m 12s

California and New York are enacting strict AI safety laws requiring firms to report severe risks or face huge fines. The Trump administration aims to block these state rules via executive order, setting up a legal battle over AI regulation and interstate commerce. 2m 50s

Charles Schwab’s Liz Ann Sonders predicts a "choppier" 2026 with swift rotations away from mega-caps. She sees leadership shifts toward health care, financials, and broader tech, favoring active and equal-weight strategies over passive, cap-weighted index investing. 4m 9s

Crypto markets dip as Bitcoin falls under $89k and Ether drops below $3k. Investors favor gold over crypto despite Fed rate cuts. While crypto-linked stocks rise, MicroStrategy is adding $750M to its cash reserves to prepare for a potential extended crypto winter. 1m 4s

David Harden of Summit Global Investments describes a "numb economy" resilient to shocks. He remains bullish on the AI trade, favoring Microsoft and Google for their strong earnings, while avoiding Tesla due to its high volatility and risk profile. 5m 5s

Expect markets to do well going into 2026, especially growth trade: BMO's Schleif 3m 36s

Favorable AI market still has 2-3 years, says Deepwater's Gene Munster 5m 7s

Final Trade: NCNO, LION, SNAP, BMY 1m 11s

Final Trades: Toast, Uber, the XLB and the XBI 48s

Former Dallas Fed President Richard Fisher says the Fed should "wait and see" before cutting rates in 2026, citing incomplete data and AI growth. He defended the Fed’s independence, dismissing recession fears as political pressure and warning against scapegoating the bank. 4m 59s

Gold trade in first half of 2026 will likely continue: TD Securities' Melek 3m 30s

Healthcare and financials lead, says CappThesis’ Frank Cappelleri 4m 12s

IMAX CEO Richard Gelfond says Avatar: Fire and Ash gave the company a record opening as fans pivot to premium screens. With IMAX gaining market share, Gelfond projects a record-breaking 2026 fueled by upcoming blockbusters from Christopher Nolan and Denis Villeneuve. 3m 57s

Innovator Capital’s Tim Urbanowicz predicts a "unicorn year" for investors, fueled by tax cuts and strong consumer spending. He targets 7600 for the S&P 500, shifting focus to earnings growth as the primary driver while noting that valuation expansion may finally cool. 4m 9s

Jeff Kilburg of KKM Financial says the AI trade is broadening beyond the Mag 7 to stocks like Oracle and Intel. He targets S&P 7,100 for a year-end rally and is bullish on 2026 due to lower rates. He also expects Bitcoin to top $100k despite recent volatility. 3m 19s

Jeff de Graaf of Renaissance Macro sees bullish stock signals as inflation cools and global metals break out. While semi equipment leads tech, software remains bearish. He views Bitcoin's trend as neutral-to-down, expecting a tactical rally before lightening positions. 4m 5s

Jefferies’ David Zervos expects a dovish Fed to support his "risk parity" strategy (long equities and bonds). He anticipates lower oil prices and warns that AI-driven labor weakness will require easier monetary policy to cushion "creative destruction" in the job market. 5m 25s

Jim Cramer recommends Agnico Eagle Mines as a premier way to invest in gold, highlighting its low-cost operations in safe regions like Nevada and Canada. A long-term "gold bug," Cramer suggests the stock for those who cannot easily store physical gold. 1m 4s

Jim Cramer warns alcohol and restaurant stocks are struggling as drinking habits shift. Younger people prefer mocktails or single drinks, while GLP-1 drugs pose a new threat. These trends are squeezing margins and hurting stocks like Molson Coors and Cava. 1m 37s

Joe Terranova sold Apache at a loss after natural gas failed to rally but is up 10% on GLD. Gold and silver hit record highs; while Joe is bullish on both, Liz Young remains cautious on silver’s speculative rise despite favoring gold's long-term outlook. 1m 46s

Joe Terranova sold CBOE due to relative underperformance, though he remains bullish on 2026 volatility. Morgan Stanley is underweight CBOE but overweight on NASDAQ and CME. Josh Brown calls NASDAQ a "crown jewel" for its diverse growth in IPOs, data, and listings. 3m 32s

Joseph Carlson shares his blueprint for reaching a $1M portfolio by maximizing the income gap and picking quality stocks. He also discusses Waymo’s San Francisco outage and a cautionary "fail of the week" involving an investor who lost $1M gambling on options. 26m 53s

Josh Brown labels CSX an "unqualified buy" targeting the low 40s and predicts a FedEx breakout past $300 resistance. He cites improving fundamentals for the transport sector. The panel adds Prologis (PLD) as another top pick for the global logistics bull market. 2m 42s

KBW’s Chris McGratty names Citi a top bank pick for 2026, citing its multi-year turnaround and ROE growth. He sees valuation rising to 1.2-1.5x tangible book value. Among regionals, he favors Citizens Bank for its organic momentum and capital market exposure. 4m 37s

Lerer Hippeau's Eric Hippeau predicts 2025 will be the "Year of Space," featuring a landmark SpaceX IPO. He warns that AI valuations are often a "fantasy," but sees huge potential in robotics and AI hardware. The IPO market is currently at its strongest since 2021. 3m 37s

Lionsgate Vice Chairman Michael Burns says the firm is now a "pure play" content company after separating from Starz. He highlights the high value of premium libraries and notes that while private equity is interested, strategic alliances offer the strongest synergies. 4m 31s

Loop Capital's Anthony Chukumba is bullish on Ollie's, citing Big Lots' bankruptcy, data-driven management, and consumer trade-down. He expects steady comp growth and 2026 tax refunds to boost the stock, which currently trades at a discount compared to industry peers. 2m 12s

Morningstar Wealth’s Philip Straehl expects the Fed to stay on hold in January. He warns of profit-taking in AI hardware, citing CapEx monetization concerns. Straehl favors software over chips and sees strong value in small caps, healthcare, and consumer staples for the future. 3m 32s

Neuberger Berman’s Kei Okamura remains bullish on Japanese equities, citing attractive valuations, wage growth, and economic normalization. Despite BoJ rate hikes and yen volatility, he sees strength in resilient firms and growth sectors like defense and semiconductors. 4m 4s

Oil analyst Paul Sankey says potential regime change in Venezuela is bearish for prices. Despite global tensions, oil stays low due to abundant supply and high US productivity. He suggests US pressure on Venezuela may be a strategic move to keep energy costs down. 4m 52s

Paramount Skydance is amending its $30/share bid for Warner Bros Discovery. Key updates include a $40.4B personal guarantee from Larry Ellison, disclosure of trust assets, and an increased regulatory termination fee of $5.8B to address WBD’s concerns. 2m 54s

Peter Supino of Wolfe Research analyzes the bidding war for Warner Brothers. With offers from Paramount and Netflix both netting ~$29/share, the market expects higher bids. While Netflix has more capital, Paramount's need for streaming scale may drive them to win. 3m 54s

Retired Col. Jack Jacobs tells CNBC that US physical war with Venezuela is unlikely. The strategy focuses on sanctions and shipping harassment to secure oil and regional influence. He notes a lack of post-Maduro planning, suggesting much of the current tension is theater. 4m 6s

Scott Wren of Wells Fargo targets 7,500 for the S&P 500 by 2026. Expecting moderate inflation, he’s rotating from tech into financials, industrials, and utilities to play AI infrastructure and deregulation. He favors US equities over international markets. 4m 17s

Small caps are set for a strong 2026. Analyst Julie Biel predicts quality names will outperform the Mag 7, picking Ollie's, LeMaitre, and Moelis. Guy Adami cautions that rising unemployment remains a potential headwind for the economically sensitive Russell 2000. 3m 16s

Strategas’ Chris Verrone highlights a shift toward real economy sectors like transports and regional banks into 2026. He cites global industrial momentum and breakouts in copper as signs of strength, while noting US yields aren't a concern yet and healthcare is emerging. 5m 49s

Telsey Advisory Group CEO Dana Telsey projects 3.5-4% retail growth. Winners: Macy’s, Victoria's Secret, and TJ Maxx. Lululemon needs "newness" to recover. Fashion is back as social events drive demand, with 2026 set for a boost from the Olympics and World Cup. 3m 53s

The U.S. is targeting Venezuela's "dark fleet" oil tankers to cut off revenue to the Maduro regime. Michelle Caruso-Cabrera explains that this strategy aims to restore regional stability, address the migration crisis, and counter influence from Russia, China, and Hezbollah. 3m 29s

The freight recession may be ending as the Sonar Truckload Rejection Index hits a year high. DOT crackdowns on drivers and schools are tightening capacity, potentially raising rates. Watch stocks like CH Robinson, JB Hunt, and Knight-Swift for movement. 1m 18s

Tim Seymour expects gold to hit $6,000 by 2028, citing supply deficits and central bank buying. He’s bullish on copper and favors Rio Tinto for its growth and dividends. He also highlights UPS as a turnaround play, noting improved margins despite lower shipping volumes. 4m 36s

Trump’s search for the next Fed Chair is in its final phase, with a pick expected by early January. While Kevin Hassett is the frontrunner, recent interviews with Christopher Waller and others suggest the White House is gauging market reactions amid Wall Street pushback. 4m 49s

U.S. blockades on Venezuela are lifting oil prices, but Michelle Caruso-Cabrera says regime change could eventually lower costs by increasing production. Beyond energy, a stable, investment-friendly regime would open opportunities in gold mining and agriculture. 3m 30s

Waymo resumes SF service, Clearwater Analytics is acquired for $8.4B, and Avatar 3 misses box office targets. Meanwhile, the Powerball jackpot reaches $1.6B as SoftBank eyes a $22B+ funding deal for OpenAI. 1m 26s

Waymo robotaxis are back in service after a San Francisco blackout triggered a "maximum caution" response, causing gridlock. The incident highlights the divide between Waymo’s cautious scaling and Tesla’s focus on human-like improvisation in driverless technology. 1m 50s

Waymo robotaxis caused gridlock in San Francisco during a blackout, exposing a flaw in their cautious programming. The incident highlights a key divide between Waymo’s methodical, city-by-city scaling and Tesla’s goal for more adaptable, "human-like" autonomous improvisation. 3m 53s

Wedbush's Dan Ives predicts a 20-25% tech sector surge by 2026, led by Microsoft and Nvidia. He argues investors underestimate AI monetization and Azure growth, viewing sell-offs as buying opportunities in what will become a stock picker’s market for AI winners. 4m 29s

In a Mad Money Lightning Round, Jim Cramer rates ONEOK as a buy while urging a sell on Lucid. He also advises staying away from EchoStar and StubHub. Later, Cramer highlights why the CEOs of FedEx and Nike are two leaders who deserve more credit. 2m 28s

Jim Cramer highlights a recovery for AI stocks despite ongoing infrastructure challenges. Investors are also rotating into consumer sectors, with Carnival Cruise surging on strong results. Banks like Goldman Sachs are outperforming tech as market interest broadens. 2m 33s

Paychex CEO John Gibson notes the small business job index is stable with moderating wage inflation and no signs of recession. While workforce growth is flat and businesses are cutting costs on ancillary products, the outlook for 2026 remains positive as interest rates ease. 1m 36s

A Santa Claus rally may be starting as consumer spending picks up just as tech begins to falter. With skepticism growing over AI data center spending and Oracle's debt, the consumer cavalry has arrived to drive the market forward and replace cooling technology gains. 2m 10s

Activism is set to surge through 2026, fueled by lower rates and M&A. 13D Monitor uses AI to flag targets like Yelp and Moderna for capital discipline. Japan is also seeing a major uptick in campaigns due to new regulatory ROE and price-to-book requirements. 4m 52s

Analyst Craig Moffett views Apple as a defensive "safe choice" among mega-caps. He expects services growth, not an AI hardware supercycle, to drive the stock. Apple remains a neutral play likely to underperform in tech rallies but lead during market pullbacks. 4m 34s

Apollo Chief Economist Torsten Slok expects economic acceleration in 2026, making Fed rate cuts difficult. He warns of sticky inflation and stagflation risks if AI investments falter, noting that slowing job growth is largely due to decreased immigration. 4m 5s

As shipping windows close, shoppers are turning to in-store and curbside pickup. Target reports 75% of orders are fulfilled this way, saving costs and driving impulse buys. With 80% of shoppers planning last-minute trips, the final brick-and-mortar rush remains essential. 2m 51s

Bertha Coombs retires from CNBC after more than two decades 2m 38s

Big dynamics in markets are still favorable for risk, says Goldman's Tony Pasquariello 4m 0s

ByteDance reached a deal for a TikTok U.S. joint venture majority-owned by U.S. investors. Former CEO Kevin Mayer says Oracle’s algorithm oversight meets security rules. While Beijing hasn’t officially approved, state media signals support for the algorithm review setup. 6m 30s

CNBC experts discuss a record options expiration, signaling a potential market reset. Mike Santoli notes clearer positioning as momentum stocks cool, while Scott Wren highlights Wells Fargo's rotation from tech into financials and industrials as retail interest remains high. 4m 34s

CNBC’s Rick Santelli reports University of Michigan consumer sentiment fell to 52.9 in Dec, with current conditions hitting a record low 50.4. 1-year inflation rose to 4.2%. Despite the weak economic outlook, the Dow Jones reached new session highs. 1m 43s

Charitable giving hit an all-time record of $590B this year, says Boys & Girls Club's Lisa Anastasi 5m 2s

China views the TikTok-Oracle deal as a strategic "gift" to President Trump. By keeping the core algorithm while offering a joint venture, Beijing provides a political win to maintain ties, potentially using it to navigate trade tensions and administration divisions. 4m 49s

Citi analyst Ari Rosa notes FedEx had a solid quarter with strong ground volume and pricing. Despite lowering second-half guidance due to specific costs and industrial weakness, he remains bullish on efficiency. The broader transport sector also sees a positive 2026 setup. 5m 49s

Citi's Scott Chronert is bullish on US equities into 2026, citing a soft landing, dovish Fed, and AI-driven growth. He expects megacap growth stocks to drive earnings, though he warns of potential AI trade disruptions and labor market risks. 2m 48s

College sports valuations hit $51.2B, led by UT Austin at $1.5B. Driven by massive media deals and NIL rules allowing direct player payments, programs are leveraging capital to boost their market value and competitive edge in a rapidly evolving landscape. 4m 6s

Consumption growth will be biggest question for consumer goods companies, says BofA's Peter Galbo 3m 57s

DraftKings CEO Jason Robins tells CNBC its new prediction product will eventually be meaningful for the bottom line. He downplays competition from Robinhood and Kalshi, citing DraftKings' superior sports product and strong regulator relationships as keys to winning. 3m 34s

Fairfax Financial CEO Prem Watsa is in no rush to deploy his 10% cash reserve. With yields near 4%, he is waiting for rare, long-term opportunities that offer decades of competitive advantage. He remains patient but ready to act aggressively when the right deal appears. 20s

FedEx CEO Raj Subramaniam tells Jim Cramer the company is hitting its $4B cost-cutting goals while shifting focus to revenue growth. FedEx is gaining market share in key sectors like healthcare, aerospace, and AI, signaling a strong quarter of execution. 1m 38s

Former NJ Governor Chris Christie is joining the AGA to fight sports prediction markets. He argues they are illegal and unregulated, flouting state laws and tribal sovereignty while threatening game integrity, unlike the state-regulated systems he helped establish. 4m 4s

Goldman Sachs’ Salveen Richter expects a biotech rebound through 2026 as drug pricing deals remove market uncertainty. With earnings stabilizing, she sees M&A growth and opportunities in obesity and cancer. Top large-cap picks include Amgen, Regeneron, and Biogen. 3m 36s

Guggenheim's Simeon Siegel discusses Nike’s mixed performance. While China remains a headwind, 9% growth in North America shows strength. Siegel believes Nike's massive budget and history of adapting to rivals like Hoka make a recovery a matter of "when, not if." 3m 59s

In Jim Cramer's Lightning Round, he recommends CrowdStrike and Palo Alto over SentinelOne, views Kura Oncology as a speculation, and warns against Bitmine Immersion. He remains bullish on Credo Technology's growth story and likes Ciena following a strong quarterly report. 4m 36s

Japan’s central bank raised rates to a 30-year high, and data center deals hit a record $61B. The EU will loan Ukraine $100B+. House GOP plans a vote on a Congressional stock trading ban, while the US reviews NVIDIA H200 AI chip sales to China. 1m 6s

Jeff Kilburg views Nike as a "falling knife" down 10% amid China headwinds and tariff concerns. Meanwhile, he remains bullish on FedEx, calling it a "blue-chip" essential with strong parcel growth and potential to retest highs as a barometer for the US economy. 4m 44s

Jefferies analyst Randy Konik recommends buying Nike stock, citing North American "green shoots" and a projected bottom in China within 3-4 quarters. Despite tariff pressures and a weak Chinese economy, Konik believes Nike’s low valuation makes it a strong long-term play. 4m 43s

Jim Cramer and David Faber discuss Wells Fargo’s pivot to investment banking, highlighting its major deals and senior hires. Despite a debate over stock performance, they credit CEO Charlie Scharf for transforming the bank's competitive position in the market. 2m 59s

Jim Cramer highlights consumer strength as the economy's savior, citing robust performance in travel stocks like Carnival, Marriott, and Viking. He notes Carnival's strong guidance and Viking's 59% year-to-date gain as proof that discretionary spending remains resilient. 2m 12s

Jim Cramer identifies Boeing as a "quiet winner" making a comeback. With a new JP Morgan price target of $245, Cramer praises CEO Kelly Ortberg's safety-first, no-nonsense leadership, predicting the company will be a major market leader and a huge stock by 2026. 1m 31s

Joanna Stern discusses Anthropic’s Project Vend, where an AI ran a WSJ vending machine. Manipulative reporters tricked the agent into giving away free snacks and ordering a live fish, highlighting the chaotic challenges of giving autonomous AI agents business control. 3m 28s

John Stoltzfus of Oppenheimer says rising Japanese yields aren't a threat to US Treasuries given the rate gap. He remains bullish on US assets and expects the market to digest quadruple witching volatility, keeping the year-end Santa Claus rally on track. 3m 59s

Kevin Simpson expects market breadth to expand into financials and industrials. He remains bullish on Micron’s AI growth, eyes FedEx for transport recovery, and notes that while tariffs are a permanent factor in stock analysis, their impact has been manageable so far. 4m 2s

MAI Capital’s Chris Grisanti advises staying invested but pivoting to "unpopular" value stocks like healthcare. He recommends UPS and Kimberly-Clark for their low valuations and dividends, warning against chasing expensive tech trends in a top-heavy market. 4m 36s

Meera Pandit of J.P. Morgan predicts "AI lift and economic drift" for 2026. AI remains a strong market driver, but broader economic data is softening. Beyond tech, she favors financials, noting that consumer sectors face pressure from a K-shaped economy and potential tariffs. 3m 35s

NY Fed President John Williams says recent inflation and jobs data are encouraging despite technical distortions. He views policy as "well-positioned" with no "sense of urgency" for immediate rate cuts, noting rates are closer to neutral but remain mildly restrictive. 6m 36s

Nike shares fell 10% following weak earnings, highlighting major struggles in China. While North America shows signs of recovery, lack of retail investment in China has cost the brand. CEO Elliott Hill plans to focus on retail fundamentals to spark a turnaround. 2m 35s

Nike shares fell 10% on China weakness and soft guidance. Neuberger Berman’s Kevin McCarthy calls it a "buy the dip" opportunity, citing clean US inventory and margin growth. He expects long-term value as Nike leads with performance to reclaim its lifestyle brand dominance. 4m 55s

Nov existing home sales rose 0.5% to 4.13M units. Tight supply, down 5.9% from October, pushed the median price to a record November high of $409,200. While homes stay on market longer, investor sales rose to 18%, and first-time buyers remain below historical norms at 30%. 1m 17s

On CNBC’s Fast Money, the panel shares their final trades: Mike Khouw likes Amazon for its growth and valuation, Tim Seymour picks Alibaba, Courtney Garcia favors Goldman Sachs on M&A potential, and Steve Grasso sees more upside for GM. 1m 4s

OpenAI is reportedly seeking funding that could value it at $830 billion, with Softbank and Amazon in the mix. Amid these talks, Michigan regulators cleared a 1.4GW data center for OpenAI and Oracle to support the company’s Stargate infrastructure expansion. 1m 22s

OpenAI is reportedly seeking to raise $100B, potentially valuing the company at $830B. Meanwhile, the Squawk Box team celebrates co-anchor Andrew Ross Sorkin’s book "1929" being named one of Barack Obama’s favorite books of the year. 2m 13s

Oracle shares rose 8% on news of a TikTok US spin-off deal. The new entity faces the challenge of retraining its algorithm on US data while maintaining consistency for users and advertisers. If successful, it aims to gain market share from rivals Meta, Google, and Snap. 2m 6s

Piper Sandler’s Anna Andreeva remains overweight on Nike despite a slow turnaround. While North America wholesale is a bright spot, China continues to struggle. Nike faces margin pressure from tariffs but aims to mitigate impact through selective pricing and scale. 5m 33s

President Trump signed an executive order to move cannabis to Schedule III, easing research and banking rules. It includes a Medicare CBD pilot for seniors. Despite legal hurdles and a 2026 hemp ban, the move signals a strategic shift driven by lobbying and upcoming elections. 2m 33s

Rick Santelli reports rising global bond yields as the Bank of Japan hikes rates to a 30-year high. Despite record-low US consumer sentiment, equities stay strong. Meanwhile, French and Japanese yields hit multi-decade highs, reflecting a global tightening trend. 2m 26s

Rick Sherlund predicts the AI trade will shift from broad enthusiasm to a selective market. He expects a rise in SaaS, IPOs, and M&A as AI enters business workflows. Increasing inference demand will drive data center growth, with winners moving up the tech stack. 5m 40s

Sanctuary Wealth’s Mary Ann Bartels remains bullish, forecasting the S&P 500 at 7,500 by late next year and 13,000 by the decade's end. While expecting a "reset" and volatility ahead, she maintains that tech and AI leadership will continue to drive strong market earnings. 4m 37s

Susquehanna’s Chris Murphy discusses record options volume and the rise of idiosyncratic risk. For 2025, he notes a cautiously optimistic outlook, with traders favoring call spreads in Mag Seven names to balance high valuations with potential upside. 3m 52s

The AI trade remains resilient despite recent volatility, driven by strong demand and solid fundamentals. Experts highlight visibility in hardware and a potential year-end rally as investors refocus on tech names with high cash flow to lead the market forward. 4m 43s

The Delaware State Supreme Court has reinstated Elon Musk’s record 2018 pay package worth $56 billion. The ruling reverses a previous lower court decision to invalidate the compensation, which Tesla shareholders have twice approved. 1m 0s

TikTok will remain in the US after a deal to retrain its algorithm on American data using Oracle servers. Intelligent Alpha CEO Doug Clinton says the move enhances national security and limits foreign influence, though the core user experience will likely stay the same. 5m 24s

Trump is vetting Fed chair candidates, including Chris Waller and BlackRock’s Rick Rieder. Waller’s interview focused on job creation, while Kevin Hassett and Kevin Warsh remain contenders. Michelle Bowman is out. The process highlights a broad focus beyond interest rates. 6m 4s

Trump signals permanent tariffs and potential Venezuela conflict. BoJ raises rates to a 1995 high. US reviews Nvidia H200 chips for China. OpenAI eyes an $830B valuation, while Meta preps its "Mango" AI model. Coinbase sues states over prediction market rules. 1m 50s

Vital Knowledge's Adam Crisafulli says OpenAI’s Garlic and Meta’s Avocado AI models are key Q1 trends. He expects a year-end rally and tax stimulus to boost markets, while 2026 global policy turns less dovish as focus shifts from inflation to employment wildcards. 3m 58s

Wedbush analyst Dan Ives predicts a 20%+ tech rally in 2026, marking an AI inflection point. He sees massive gains for Microsoft and Oracle driven by software monetization and expects a formal Apple-Google partnership to finally cement Apple’s AI strategy. 4m 50s

'Fast Money' traders react to Nike earnings 3m 37s

AEI’s James Pethokoukis tells CNBC the President’s economic speech missed key concerns: AI’s impact on jobs and the reality of high prices. He notes a lack of GOP healthcare plans and says corporate leaders crave certainty on tariffs and regulation. 4m 22s

Accenture CEO Julie Sweet reported record Q1 results with $20.9B in new business, up 10% YoY. She notes AI is now a catalyst in nearly all client work, driving growth in digital manufacturing and finance as companies prioritize reinvention despite market skepticism. 2m 27s

Analysts weigh the year-end market outlook. Anastasia Amoroso stays bullish on AI for 2026, citing strong demand. Courtney Garcia warns of tech concentration risk and urges diversification, while Stephanie Guild favors rotating into software and turnaround stocks. 3m 29s

Baird’s Ross Mayfield says "healthy skepticism" keeps the AI trade from a bubble as market gains broaden into other sectors. He expects 2026 to be liquidity-driven, citing low oil prices as a major tailwind despite sticky inflation and near-term sentiment risks. 4m 45s

BermudAir is launching Anguilla Air with flights from Newark, Boston, and Baltimore. The airline's hook: Embraer jets with no middle seats. With travel to Anguilla up 198% since 2019, the carrier aims to capitalize on the massive growth in Caribbean tourism. 2m 21s

Blackstone CEO Steve Schwarzman discusses the firm’s 40-year growth from $400K to $1.3T in assets. He highlights their strategy of diversification and expansion into data centers for AI, which he compares to the revolutionary impact of the electric lightbulb. 4m 44s

CNBC's Alex Sherman reveals 2026 predictions from top execs, headlined by a potential Apple acquisition of NBCUniversal. To boost its TV and sports presence, Apple may leverage shifting market valuations to finally make a major move into traditional media assets. 3m 39s

CNBC's Squawk on the Street celebrates its 20th anniversary. Carl Quintanilla and David Faber look back at the 2004 debut with archival footage of Mark Haines, while Jim Cramer reflects on past market cycles and the show’s legacy at the New York Stock Exchange. 3m 14s

CNBC’s Jim Cramer and anchors discuss CPI data, noting high housing costs but falling car prices. While Cramer sees inflation cooling, Carl Quintanilla warns of rising utility and heating costs, which are expected to impact households significantly this winter. 1m 39s

CNBC’s survey shows holiday freight is up 10%, led by housewares and toys as consumers stay cost-conscious. Though volumes are rising, the logistics sector is in a "freight rate recession" due to low prices. Firms are now adopting AI to optimize inventory and shipping. 2m 10s

CPI comes in at 2.7% year over year 1m 58s

CPI data provided 'downwardly biased view of inflation,' says EY-Parthenon's Daco 3m 24s

CPI data will leave Fed in a cutting bias, says Vanguard's Joe Davis 4m 52s

China’s $4B AI toy industry is surging, with smart dolls and pets using LLMs to interact with children. While companies target global markets, experts raise concerns over AI hallucinations and political censorship built into these tech-driven companions. 3m 37s

Chipotle launches its first high-protein menu on Dec 23, targeting GLP-1 users and health-conscious diners. Offerings include a new snack cup and bowls with up to 81g of protein. The shift aims to boost traffic through healthy, portion-controlled, protein-forward options. 1m 41s

Coinbase is expanding into a "one-stop financial platform" by adding stocks and prediction markets. CEO Brian Armstrong aims to compete with Robinhood, positioning prediction markets as a real-time info tool to attract users and diversify revenue beyond crypto trading. 2m 54s

Cooler inflation data and strong earnings growth signal a continued bull market. Warren Pies targets 7,850 for the S&P 500 by late 2025, while Keith Lerner sees recent market churning as a healthy rest. Both expect Fed rate cuts to support further upside for investors. 3m 42s

Cramer’s Stop Trading: PayPal 1m 4s

Crypto regulation pushed to 2026 1m 31s

Economists analyze the 2.7% inflation rate, noting tariffs are already driving up core goods prices. Wendy Edelberg predicts inflation will persist through 2027 and foresees lower interest rates, while Lydia Mashburn Newman warns that services inflation remains a key concern. 4m 5s

Economists skeptical of latest inflation numbers 3m 33s

Eli Lilly's obesity pill trial shows it effectively maintains weight loss for patients switching from injections. Potential costs of $150/month would be significantly lower than current $1,000/month injectables, with Medicare coverage expected in 2026. 2m 15s

Evercore’s Roger Altman defends the Warner Bros. Discovery board, calling Skydance’s offer a risky "extreme LBO." He cites a lack of binding financing and transparency regarding the Ellison backstop as key reasons why the bid's risk-adjusted value is not higher. 4m 13s

FedEx shares pop on Q2 results 2m 52s

Final Trade: UPS, DELL, SNAP, BA 51s

Final Trades: Intuitive Surgical, Dick’s Sporting Goods and Toast Inc 34s

Former SEC Chair Gary Gensler supports 24-hour stock trading, noting it boosts transparency and global access. While liquidity is lower overnight, he believes better surveillance protects investors. He also stresses the need for integrity in emerging prediction markets. 6m 10s

Gen Digital CEO Vincent Pilette warns that AI-powered cyberattacks could cost consumers $15B this year. To combat synthetic identities and fake sites, the company uses AI to predict threats, monitor personal data, and provide restoration services for identity breaches. 4m 46s

Goalvest CEO Sevasti Balafas says investors are "grounded" on AI ROI. She’s buying the dip on Meta, citing its strong balance sheet, while avoiding Oracle due to rising debt. She expects a benign CPI report as the Fed shifts its focus toward the labor market. 2m 24s

Goldman Sachs Chief Economist Jan Hatzius says the latest CPI and unemployment data support more Fed rate cuts. He expects two more cuts, likely starting in March, but notes January is a close call if the labor market stays soft. Inflation trends continue to improve. 3m 30s

Google working on initiative to challenge Nvidia's software advantage 3m 17s

Google's chip challenge to Nvidia 1m 48s

Hakeem Jeffries warned that expiring ACA tax credits will cause healthcare premiums to skyrocket for millions. He criticized Republican policies for facility closures and called for bipartisan, comprehensive reform to address the broken U.S. healthcare system. 3m 5s

Here’s why Susquehanna raised its price target on Micron to $345 2m 37s

Insmed shares fell 16% after a failed drug trial for chronic sinusitis. Mizuho's Jared Holz notes that despite the setback, the core asset Brenzo retains its $10B peak sales potential. He views the price drop as a buying opportunity for a potential 20-30% trade. 4m 40s

Jamieson Greer (USTR) discusses using Section 301 to counter EU tech regulations. He defends the $18T investment pledges from partners like Korea and Japan and remains confident in the legality of tariffs, noting backup plans exist if the Supreme Court rules against them. 4m 42s

Jeff Currie labels the surge in precious metals a "debasement trade" as investors flee fiat. He highlights platinum as a top pick following the EU's reversal of the internal combustion engine ban, noting it has more upside potential than gold and silver right now. 3m 42s

Jim Bianco calls recent CPI data a "statistical mess" that fails to ease inflation fears. With the Bank of Japan set to raise rates to 30-year highs, he warns that global inflation remains a risk and Japanese investors may pivot away from US Treasuries. 3m 59s

Jim Cramer discusses GE Vernova as a vital power source for data centers but warns of major supply constraints. Natural gas generators are sold out through 2030, and nuclear options won't arrive until 2035, creating a significant bottleneck for AI infrastructure expansion. 2m 18s

Jim Cramer praises Micron and Picard Medical (SynCardia) for recent successes. As Picard and Netsol ring the opening bells, Cramer discusses the Medline IPO, noting its impressive growth while suggesting investors wait for a better entry point as the stock settles. 1m 7s

Jim Cramer warns that modern AI investments, like Amazon's potential $10B deal with OpenAI, mirror risky "lazy Susan" circular trades from the dot-com era. He cautions that these signals suggest an AI bubble similar to 2000, which is already fueling market volatility. 2m 23s

Jim Cramer’s Lightning Round: Elanco and M&T Bank are buys; Rocket Lab is a solid speculative play. Pfizer is a weak hold, while Lithium Americas and Daktronics are avoids. Diageo is a dividend-only play. He needs more time on Theravance, Photronics, and Ondas. 6m 29s

Josh Brown says healthy markets separate winners from "trash." While Micron shows strength, SMCI has plunged from $118 to $30. This divergence among AI suppliers suggests the current market is driven by fundamentals and is not a speculative hype bubble. 1m 39s

Julie Biel says the small-cap rally is shifting from speculative trades to high-quality firms with strong earnings. She favors companies that have navigated inflation well, specifically picking LeMaitre for its pricing power and nCino for its potential to leverage AI in SaaS. 2m 29s

Marissa Silva of The Toy Insider highlights this year’s top holiday toys, including Princess Peach, Minecraft DIY kits, and the return of ZhuZhu Pets. Despite tariff concerns and a 3% price hike, many hot items remain in stock at major retailers for late shoppers. 5m 3s

Medline’s $6.26B IPO is the largest in four years. Jim Cramer compares its business to Costco, using supply chain memberships to sell high-margin private label medical products. With revenue growth hitting 10.3% in 2025, it’s a major new player in healthcare. 1m 42s

Mike Santoli discusses a tech bounce led by Micron and a positive CPI surprise. While the S&P 500 is in a "stall phase," money is rotating into banks and industrials, signaling macro resilience. He expects the market to "levitate" as it navigates year-end churn. 2m 58s

Mona Mahajan (Edward Jones) sees a positive 2026 market outlook following a low core CPI print of 2.6%. She expects double-digit earnings growth and a possible Santa Claus rally, favoring Healthcare, Industrials, and Consumer Discretionary over tech-heavy concentrations. 2m 22s

Nasdaq President Nelson Griggs predicts a strong 2026 IPO market, citing a diverse pipeline and favorable rates. He expects a rush of mid-sized companies in the first half of the year, with potentially record-breaking IPOs arriving in the second half. 4m 28s

Nike shares fell 4% after results. Oppenheimer’s Brian Nagel highlights North American wholesale as a turnaround bright spot despite China weakness and tariff risks. He maintains an Outperform rating but notes the full recovery will take time amid difficult macro headwinds. 3m 45s

OpenAI is reportedly seeking to raise up to $100 billion at a valuation of as much as $830 billion. This target follows a recent $500B valuation and comes amid reports of a potential $10B investment from Amazon to support the company's massive AI infrastructure costs. 5m 0s

President Biden is considering 3-4 candidates for Fed chair, calling Chris Waller and Michelle Bowman "fantastic." A decision is expected soon but might wait until after Jan 1st. Waller’s odds rose following the comments amid reports of strong support from Wall Street. 2m 36s

President Trump signed an executive order reclassifying marijuana from Schedule I to Schedule III, citing common sense and medical benefits for patients. CNBC reports that stocks have been rising for a week in anticipation of this official move. 1m 0s

President Trump signed an executive order to reschedule cannabis from Schedule I to Schedule III, treating it like a medical drug. This allows for more research, investment, and tax breaks. Dr. Oz also announced a Medicare pilot program for qualifying seniors. 1m 2s

Rebecca Babin says oil prices are in a "war with itself" as fundamental oversupply outweighs geopolitical risks. Non-OPEC supply growth is outpacing demand, keeping prices low despite global conflicts. US shale efficiency remains high, with production cuts unlikely above $50. 5m 20s

Rebecca Patterson of Vanguard suggests a strong economy might limit Fed rate cuts in 2025 despite moderating inflation. She highlights small business hiring and labor market stability as vital indicators for market growth, cautioning against unreliable inflation data. 4m 22s

Robinhood’s Steve Quirk discusses expansion into prediction markets for sports, elections, and economic events. By matching users directly instead of acting as a "book," Robinhood aims for lower margins and provides a way for investors to hedge their portfolios. 3m 58s

Ryan Detrick of Carson Group sees a market "broadening out" beyond tech, with strength in banks, transports, and international stocks. He argues the current bull market is still young and expects continued growth next year, provided a recession is avoided. 3m 49s

Sam Altman tells Alex Kantrowitz that OpenAI is in "code red" to compete with Google. Instead of just adding AI to old apps, Altman is building AI-native software. He aims to win via user loyalty and personalization, treating ChatGPT adoption like a sticky brand of toothpaste. 3m 14s

Senator James Lankford (R-OK) told CNBC that a simple extension of expanded ACA subsidies won’t pass the Senate. He calls the subsidies temporary COVID-era measures and argues for structural reforms to address rising marketplace costs instead of more taxpayer spending. 4m 52s

Silvant Capital CIO Michael Sansoterra says Micron's demand proves the AI trade is alive. He favors mega-caps like NVIDIA and Microsoft that fund growth with free cash flow rather than debt, noting the market prefers cash-rich winners over those relying on borrowing. 3m 21s

Stacy Rasgon reports that massive AI demand has memory supply booked through 2026, driving prices up. While investors worry about sustainability, tech giants continue to spend heavily from cash flow. However, a stumble by OpenAI could cause the entire AI trade to crumble. 3m 33s

Stocks rose on cooler inflation data, but economists are skeptical due to methodological flaws in the CPI report. Experts cite limited data collection and housing cost distortions, suggesting the decline may be overstated. The bond market remains cautious about Fed rate cuts. 3m 10s

The US House passed a bipartisan bill to accelerate construction of data centers and transmission lines to support AI energy needs. Supported by Meta, Google, and Micron, the permitting reform now heads to the Senate, where it remains a key legislative priority. 1m 1s

TikTok CEO Shou Chew confirmed a U.S. joint venture closing Jan 22, 2026. ByteDance will retain 19.9% ownership, while investors like Oracle and Silver Lake take major stakes. The entity will oversee U.S. data, algorithms, and content moderation to satisfy regulatory demands. 2m 12s

Trulieve CEO Kim Rivers calls the recent cannabis policy reform a "monumental" shift. The move eases tax burdens and expands medical research, marking a key step toward safer banking and potential Nasdaq/NYSE listings. Rivers emphasizes the need for a regulated marketplace. 3m 30s

Trump Media & Technology Group is merging with fusion power company TAE Technologies in a $6 billion deal. This unusual all-stock merger aims to create one of the first publicly traded fusion companies, combining Truth Social with revolutionary energy technology. 1m 15s

Trump Media (DJT) shares surged 37% on news of a $6B merger with nuclear fusion firm TAE Technologies. Led by co-CEOs Devin Nunes and Michl Binderbauer, the new entity aims to combine Truth Social with experimental fusion energy to power the future of AI. 3m 21s

Trump Media is merging with fusion firm TAE Technologies, boosting nuclear stocks amid a sector-wide renaissance. Meanwhile, BP has named Meg O’Neill as its first female CEO as the energy giant pivots back toward traditional resources to right the ship. 3m 2s

Amazon and OpenAI are eyeing a "chips for equity" deal. OpenAI aims to slash costs by using Amazon’s Trainium chips, which are 40% cheaper than Nvidia's. The move gives Amazon a flagship customer to boost its AI reputation while OpenAI manages its massive compute budget. 2m 53s

Amazon considers a $10B+ OpenAI investment. Waymo aims to raise $15B at a $110B valuation. Spirit and Frontier are in fresh merger talks. The Trump admin may curb defense buybacks to speed production. Lennar missed Q4 profit targets as housing affordability weighs. 1m 17s

At the Yale CEO Summit, LVMH CEO Bernard Arnault discussed the future of luxury, emphasizing a blend of AI for supply chain efficiency and traditional craftsmanship for quality. He remains optimistic, viewing his brands as timeless symbols of history and human skill. 5m 36s

Axios’ Dan Primack predicts an IPO boom in 2025. Following Medline’s success, private equity firms are eyeing Q1 deals. Wealthfront’s debut also shows that older startups can go public without massive revenue or AI hype, signaling a broader shift in market appetite. 2m 1s

CFR President Michael Froman analyzes Trump's foreign policy shifts, including "NATO-like" guarantees for Ukraine, a US-Russia economic reset, and pressure on Venezuela. He notes a strategic move toward the Western Hemisphere and a focus on economic deals over rivalry. 4m 58s

CNBC Halftime Report final trades: Pete Najarian picks AbbVie, Terrance Horan likes Microsoft after a 12% dip, Stephen Weiss sees Netflix bottoming out, and Joe Terranova targets 150 for Twilio. 19s

CNBC's Michael Santoli notes that while AI stocks face pressure, valuations are becoming more attractive. With Nvidia trading at 23x earnings—the same as the S&P—and indices back to early October levels, some see a buying opportunity. The NASDAQ finished down 1.75%. 1m 8s

CNBC's panel analyzes volatility in the AI trade as Oracle’s financing issues spark market concern. Experts suggest shifting focus from high multiples to fundamentals and free cash flow, highlighting companies like Broadcom as selective opportunities amid the turbulence. 4m 27s

Cameron Mitchell Restaurants CEO reports same-store sales up 2% after a slow start to 2025. With holiday gift card sales up 7% and easing interest rates, the company is optimistic for 2026 growth while keeping price hikes low to protect the consumer. 4m 54s

Coursera CEO Greg Hart discusses merging with Udemy to scale global upskilling. The combined company will serve 270M+ learners, targeting $115M in cost synergies and a 20% EBITDA margin. Both brands will unite under Coursera to accelerate AI-led innovation for enterprises. 5m 18s

DCLA’s Sarat Sethi favors Freeport-McMoRan as copper demand surges for data centers and transport. With no new mines in a decade and a weakening dollar, he views commodities as a vital inflation hedge while gold and silver hit record highs. 1m 50s

Demand for AI infrastructure is high, but financing shifts raise red flags. Hyperscalers are leasing rather than owning data centers, shifting risk to private equity and pension funds. Local pushback over energy and water use also threatens future development. 3m 13s

Experts discuss Fed independence and the gold surge. Matthew McLennan links gold’s rise to global fiscal deficits, while Peter Boockvar notes that freezing Russian assets makes physical gold a key hedge for central banks. Both believe the bull market remains intact. 3m 25s

Fast Money analysts debate the AI trade, questioning the "sanctity of CAPEX." Guy Adami flags NVIDIA's key price levels, while Tim Seymour and Dan Nathan discuss Oracle’s debt-fueled growth and rising financial risks associated with aggressive AI infrastructure spending. 4m 41s

Fed Governor Chris Waller describes the labor market as "very soft" and nearing zero job growth. Unconcerned about inflation, he advocates for continued, moderate rate cuts to bolster employment. Waller expects 2026 to improve as AI and previous cuts take effect. 4m 44s

Fed Governor Christopher Waller emphasizes central bank independence and accountability. Ahead of a meeting with the President, he notes that policy views should follow established channels, though coordination remains vital during national crises. 2m 52s

Former Dallas Fed President Robert Kaplan cautions against more rate cuts, expecting economic firming in 2026 from tax relief and AI. He argues the Fed has bought enough "insurance" against labor weakness and needs to see inflation hit its target before easing further. 4m 17s

Four House Republicans joined Democrats to force a vote on extending ACA tax credits for three years, bypassing Speaker Mike Johnson. The move aims to prevent doubled premiums for 22M Americans as GOP centrists face pressure over healthcare costs ahead of the midterms. 2m 40s

Google launched the Gemini 3 Flash AI model, prioritizing speed and cost-efficiency. Meanwhile, Alphabet’s Waymo is reportedly raising over $15B at a $110B valuation, widening its autonomous driving lead and aiming for significant financial contributions by 2027. 3m 15s

Helima Croft analyzes U.S. sanctions on Venezuelan oil, targeting 600k barrels. The focus is on Trump’s enforcement and China’s role as a buyer. As Maduro weighs exile to avoid prosecution, the potential for military action and regime stability remains highly uncertain. 3m 1s

House Speaker Mike Johnson defends letting enhanced COVID-era health subsidies expire, arguing they mask rising costs. He advocates for the "Lower Premiums for All Americans Act," focusing on structural reforms to lower healthcare costs for all, not just a small percentage. 6m 18s

Hut 8 CEO Asher Genoot details a 15-year AI compute deal with Fluidstack, Anthropic, and Google. Leveraging its energy infrastructure, the firm secured financing from JP Morgan and Goldman Sachs to expand data center operations for both AI and Bitcoin mining. 3m 25s

Interactive Brokers’ Steve Sosnick sets a 6,500 S&P target for 2026, citing caution over presidential cycles and new Fed chair tests. He notes AI trade fatigue and "Bluto rallies"—pre-market jumps that lack follow-through as investors reassess market growth. 3m 18s

Japanese star Tatsuya Imai is the MLB offseason's top prize, worth up to $200M. In a surprise twist, he wants to compete against the Dodgers rather than join them, with the Yankees as favorites. His move fuels the heated debate over MLB's lack of a salary cap. 4m 14s

Jim Cramer argues Apple is an AI beneficiary because it didn't overspend on model development. With AI models becoming commodities, Apple’s 1.5B users make it the ultimate gatekeeper. Morgan Stanley raised its price target to $335, eyeing a smarter Siri by 2026. 2m 10s

Jim Cramer questions David Ellison’s Paramount bid and Oracle’s balance sheet, calling the deals "illusory." The panel discusses the high leverage risks of a potential Paramount-Warner Bros merger and the debt challenges facing the media industry. 2m 20s

Matt Stucky urges diversification as AI impacts sectors beyond tech. Doug Peta warns of a "K-shaped" economy, noting the luxury consumer can't offset middle-class struggles. He fears a softening labor market, led by low-paying jobs, could tip the economy into contraction. 5m 26s

Medline CEO Jim Boyle discussed the company's IPO on CNBC, calling Medline the "Costco of healthcare." After 58 years as a private firm, it plans to use $5B in proceeds to reduce debt. Boyle emphasized their value-driven model and 99% retention rate in a complex market. 4m 31s

Medline, the year’s largest IPO, surged over 20% in its debut, opening at $35/share. The medical supplier raised $6B+ to pay down debt, signaling a potential revival for the IPO market and private equity exits heading into 2026. 1m 48s

Medline’s IPO, the year's largest, provides a crucial exit for private equity firms looking to return capital to investors. CNBC analysts discuss how this deal might boost PE stock performance while debating the arrival of a year-end "Santa rally" in the market. 2m 2s

Micron shares jumped 5% after a massive earnings beat and record Q2 guidance. Q1 EPS hit $4.78 on $13.64B revenue. The company expects Q2 EPS of $8.42 and 68% gross margins, far exceeding analyst estimates as performance continues to strengthen into fiscal 2026. 1m 20s

Mike Khouw notes that rising out-of-the-money options suggest traders are bracing for choppiness. Adjusting for holiday schedules, he estimates true volatility at 18.5-19, signaling alertness to macroeconomic risks and potential big moves in the S&P 500. 3m 30s

Mizuho’s Dan Dolev says Robinhood and Coinbase are adding prediction markets and sports betting to capture Gen Z users. He sees "pure upside" for Robinhood, but warns Coinbase could face revenue cannibalization if users swap high-fee crypto trading for lower-margin betting. 3m 35s

Netflix Co-CEO Greg Peters defends the Warner Bros. Discovery deal, calling it pro-consumer and pro-innovation. He notes the combined view share still trails rivals like YouTube and Disney. Engagement with the DOJ and EU is underway to show the deal supports growth and jobs. 5m 13s

Oklo CEO Jacob DeWitte says repurposing Cold War-era plutonium can fuel 2GW of new nuclear power, bypassing supply chain bottlenecks. This bridge fuel accelerates growth through the 2030s, turning waste slated for burial into a safe, efficient energy resource. 3m 49s

OpenAI in $10B talks with Amazon; Waymo eyes $15B funding. Warner Bros. rejects Paramount takeover as Spirit-Frontier merger talks revive. Trump mulls defense contractor limits, Robinhood launches NFL betting, and Medline debuts today in the year’s largest IPO. 2m 3s

Oracle denies reports that its $10B Michigan data center project for OpenAI is stalling. While Blue Owl exited due to debt terms, Oracle says it has selected a new partner and negotiations are moving forward amidst rising scrutiny over AI capital costs and debt. 2m 37s

Oracle shares fell after Blue Owl Capital reportedly declined to finance a $10B data center. Experts warn that tech giants' refusal to own these assets shifts risk to private equity and pension funds, as future AI efficiency may make massive data centers obsolete. 2m 18s

Pan American Silver CEO Michael Steinmann says record silver prices stem from a structural supply deficit and rising demand for AI, solar, and electronics. Limited supply as a mining byproduct and increased investment are driving the rally amid global electrification. 4m 37s

RBC’s Lori Calvasina predicts a strong 2026 with an S&P 500 target of 7,750, driven by 13% earnings growth. Though AI is in early stages, tangible productivity gains are emerging in sectors like retail. Key risks include job losses and GDP falling below 1%. 5m 18s

Rich Greenfield tells CNBC that WBD documents reveal a secret bidder for its cable networks, adding value. He slams Paramount’s offer as a "house of cards" with risky funding and restrictive terms, arguing WBD’s current path offers far more certainty than Paramount’s bid. 5m 0s

Robinhood CEO Vlad Tenev told CNBC he sees a "prediction market super cycle" as the platform expands its offerings. He views these markets as a new asset class and a powerful forecasting tool for real-world events, driven by traders leveraging their niche expertise. 3m 56s

Robinhood is expanding into sports betting territory with new NFL prediction markets. Users can trade contracts on game outcomes and player stats, with custom parlays coming soon. CEO Vlad Tenev calls this the firm’s fastest-scaling revenue line to date. 1m 5s

Robinhood is expanding its prediction markets into NFL betting, offering parlay and prop bets as "event trading." As its fastest-growing product line, CEO Vlad Tenev plans to scale into other sports and economic data to create a one-stop shop for all trading. 1m 18s

The Atlantic CEO Nicholas Thompson explains how running 60-70 miles a week serves as meditation and boosts professional performance. He notes that much of the pain in running is psychological and shares how he integrates high-mileage training into a busy executive schedule. 4m 2s

Tim Seymour highlights gold miner upgrades, with 2026 price targets hitting $4,200-$4,500/oz. Karen Finerman recommends DXJ for Japan exposure with a currency hedge. The crew celebrates Guy Adami’s upcoming birthday, and Guy’s final trade is Lionsgate. 1m 40s

Truist Analyst David Smith notes Robinhood is well-positioned for retail risk-seeking. Diversification into lending and prediction markets should reduce its crypto correlation, while high operating leverage is expected to boost margins and drive future growth. 2m 52s

Warner Bros Discovery has rejected Paramount's $30/share all-cash offer, citing a lack of guaranteed financing from the Ellison family. WBD also downplayed regulatory risks compared to its Netflix merger, as the focus shifts to whether Paramount will raise its bid further. 3m 59s

Warner Bros. Chair Samuel Di Piazza explains why the board favored a Netflix offer over the Ellison/Paramount bid. He cites "certainty of close" and cash-heavy terms, noting that Larry Ellison’s lack of a direct guarantee made his proposal less secure for the company. 3m 59s

eToro’s Lale Akoner notes a market rotation from tech to small-caps and cyclicals. She favors the S&P 600 and financials, citing rate cuts and strong earnings. Akoner also expects 2026 tax refunds to boost consumer-sensitive sectors, including homebuilders and regional banks. 6m 1s