After a three-year bare market, the art market is back. And Robert Frank joins us this morning from the center of it all in Miami with a look at what the wealthy are buying at Art Basel. Good morning, >> Andrew. Good morning.Great to see you. Well, you know, this is the largest art fair of the year in the US and one of the biggest gatherings of wealth of the year. More than 80,000 collectors descending here in Miami Beach this week.And the big question this year is whether this new rally in the art market c ...

Five things to know ahead of the opening bell. Docuine beating revenue and profit estimates but shares are lower. One possible reason docysine's current quarter outlook didn't top expectations.And we're going to speak with DocYsine CEO next hour. Meanwhile, shares of Hullet Packard Enterprise, they're under pressure. Earnings beating estimates, but revenue missed.The current quarter sales forecast also came in below expectations. and Apple says its general counsel and vice president for environment policy a ...

Soft Bank's chief executive reportedly wants to help the Trump administration build out American manufacturing capacity. The Wall Street Journal says that SoftBank CEO Masan is working on a plan under which SoftBank would help create factory clusters in the United States using hundreds of billions of dollars pledged by the Japanese government in its recent trade deal with America. That report says that Trump branded industrial parks would be built on federal land and owned by the US government once they're ...

Stock Analysis & Investment Recommendations - A caller discusses a stock they bought a year and a half ago that has been consistently dropping after earnings reports, but believes it will turn around [2] - The caller mentions the company received $30 million from Roach Genante in October and has $785 million in cash [2] - A major announcement regarding drug trials is expected on December 8th, which the caller anticipates will be favorable [2] - Nat Khan, described as a genius, will take over Recursion Pharmaceuticals on January 1st, with expectations of a banner year in 2026 [3] - The host acknowledges the stock's "horrendous" performance and categorizes it as speculative, advising caution despite the company's financial resources [3][4] - Regarding New Scale Power SMR in the nuclear sector, the recommendation is to scale out on the way up, selling portions at $25, $27, and $30, and eventually getting rid of all of it [5] Company & Industry Specifics - GE Vernova is highlighted as a company that knows how to build nuclear power plants [5] - Five Below is mentioned as a bargain retailer undergoing a turnaround, with an analysis to determine if the company can sustain its performance or if the price is too high [6] Program Information - The Lightning Round is sponsored by Charles Schwab [6] - Viewers are encouraged to follow Jim Kramer on X (formerly Twitter), and can send questions via Twitter using madmentions, email to madmoney@cnbc.com, or call 1-800-743-CNBC [6] - Missed segments can be found at madmoney.cnbc.com [7]

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And some after hours action. Hila Packard Enterprise missing revenue expectations in Ulta topping earnings and revenue estimates. Meanwhile, Morgan Stanley recently raised its 12-month S&P target to 7,800.So, as we mentioned before, Mike is feeling bullish. What is going to carry us to 7,800. >> It's really a continuation of this year's story.I mean, you know, we we had a view coming into the year that they were going to probably do the growth negative policy stuff first and it turned into sort of kitchen s ...

Now, the big tech story of the day is Meta. The stock's higher on a report that said the company is considering cutting the Metaverse Group's budget by as much as 30%. The stock has been under pressure lately on concerns about its massive spending and latest earnings.Meta raised the low end of total expenses for the year to $116 billion. Joining me now is Mike Pru, uh, research director at Forester, and Lloyd Walmsley, senior research analyst for Missouo. Lloyd, uh, just to clarify here, this isn't a a cons ...

Although the overall market is flat today, some momentum names staging a strong comeback such as quantum computing stocks and the Buzz ETF. So, are investors once again willing to take on riskier parts of the markets. Joining me now is Paulson Perspectives author Jim Pollson and Ariel Investments vice chairman Charlie Babrinskoy.Guys, welcome. Jim, you're concerned about economic growth here. What what's the impact potentially in the markets.Yeah, I I think that um I think the economy is fairly weak awardly ...

Fed Chair & Policy - The market hasn't shown concern about Kevin Hasset potentially becoming the next Fed chair, despite some reports suggesting otherwise [2] - The next Fed chair will inherit a divided Federal Reserve, requiring time to establish authority [3][6][7] - The focus should be on long-term implications for the Fed's reform rather than short-term rate cuts [4][5] Interest Rate Cut Expectations - The market expects a rate cut, with expectations at 91% [8] - The rate cut is anticipated to be hawkish, potentially framed due to confusing and incomplete data [8][9] - The current Fed is seen as excessively data-dependent and backward-looking [9]

We're here now in Anglewood Cliffs, New Jersey, CNBC's headquarters. But earlier, you were at the New York Stock Exchange in Manhattan, where SEC chair Paul Atkins rang the opening bell. He also facilitated a meeting and you participated in that meeting.What was the big takeaway for you. Well, it was a privilege to join uh Chairman Atkins and other uh corporate leaders to talk about how to make the IPO process and the process for life as a public company more efficient, more effective, better for investors, ...