Uh let's do this in today's tech check tech check. Dear Jabosa is here with a look at what this all is really telling us D about the AI agent landscape. >> Yeah because there was a lot of back and forth but the big picture here is that enterprise AI spend it's not lining up with the early narrative.Companies are leaning into model usage but they're moving slower on agents and that context matters as we dig into that Microsoft story. Now they've pushed back on reports that they cut AI quotas but not necessar ...

Let's quickly get to Capitol Hill and Nvidia CEO Jensen Wong about to meet with Senate Banking Committee. >> American leadership is really important and so we we have to work together to ensure national security that we can lead technologically around the world and have the world build on American technology. >> Any concerns about your chips going to China.Uh, of course there is and uh we have to ensure that United States has the best technology at all times. Uh, but that United States uh technology industr ...

Market Trends & Investment Opportunities - The S&P 500 equity market is broadening outside of the MAG7, with rotation inside MAG7 expected to be a major theme as interest rates move down, indicating optimism on equities and a potential Santa Claus rally in December [2][3] - Decoupling between equities and crypto, specifically Bitcoin, occurred around April, suggesting that associating equities and crypto in the same context may not be relevant in the near future [4] - New organic buyers are entering the Bitcoin market, exemplified by Vanguard opening access to more buyers and JP Morgan's involvement, with IBIT experiencing $32 billion in inflows this year [6] - Interest rates are anticipated to decrease, with the Fed potentially cutting rates by 25 basis points, which is expected to support equities [13] - A decrease in the ten-year note yield to 35% is expected to incentivize home buyers and benefit market laggers, including the financial sector [14] Bitcoin & Crypto Analysis - Bitcoin has historically experienced approximately 20 pullbacks of 25% or more since CME Group started trading Bitcoin futures in 2017, including three pullbacks of 50% or more [5] - The market may want to revisit the April low of $76000 for Bitcoin [6] - Crypto exposure is being considered by advisors, with discussions around allocations of 1% to 2%, similar to dipping toes into commodities like gold and silver [10][11] - There is a debate regarding Bitcoin's fundamental price value, with some questioning its use case within the US and viewing it more as a community-driven phenomenon [8][9]

First, we're going to kick things off with a big committee move. This is Brin throwing in the towel, so to speak, on Salesforce ahead of the earnings report after the closing bell today. You're not even going to wait to see what happens, Bren.Why are you getting out. >> Yeah. Well, so I mentioned this on Monday.I've been in this stock for a minute, probably a quarter and a half. And I feel like when the market goes up, it doesn't go up. When the market goes down, it goes down slightly.I feel they're going t ...

Investment Recommendation - Stephanie initiated a new buy position in SLB, citing a compelling valuation at 138 times earnings and a 3% yield [1][2] - The analyst prefers owning rather than renting in the energy space, suggesting a long-term investment approach [4] SLB's Competitive Advantages and Growth Drivers - SLB is the number one oil field services company globally, poised to benefit from customer spending, with top 10 customers' capex expected to reach $28 billion this year [2] - SLB is a technology leader in its sector, experiencing margin expansion and strong customer retention, further boosted by a synergistic and accretive deal [3] Broader Energy Sector Dynamics - The energy sector has shown positive performance despite a 16% year-to-date decrease in crude oil prices, driven by natural gas [6] - Natural gas prices have risen from below $2 to $5, fueled by a cold winter and global demand for liquified natural gas from the United States [6] - Major diversified companies like Exxon Mobile, involved in natural gas, refining, chemicals, transportation, and distribution, are well-positioned in the energy sector [7] Investment Strategies in Oil and Gas - Stabilizing oil prices in the $60s could make EMP players attractive, suggesting a dollar-cost averaging strategy [5] - Pipelines and mineral rights with high distribution yields, such as Viper Energy and Energy Transfer, are viable investment options [5]

PLUS. >> MICROSOFT SHARES UNDER SOME PRESSURE, BUT OFF THE LOWS OF THE DAY AFTER REPORTING FROM OUR OWN STEVE KOVACH. MICROSOFT PUSHING BACK ON THESE REPORTS THAT IT HAS LOWERED ITS AI SOFTWARE SALES TARGETS.COMPANY OUT WITH A NEW STATEMENT A FEW MOMENTS AGO, SAYING THE INFORMATION STORY INACCURATELY COMBINES THE CONCEPTS OF GROWTH AND SALES QUOTAS, WHICH SHOWS THEIR LACK OF UNDERSTANDING OF THE WAY A SALES ORGANIZATION WORKS AND IS COMPENSATED. AGGREGATE SALES QUOTAS FOR AI PRODUCTS HAVE NOT BEEN LOWERED, ...

Our next guest expects the S&P to contract to 6350 over the next several months. Joining us this morning is Steo's chief equity strategist at Barry Banister. Barry, it's good to have you back.Good morning. >> Hi. >> Uh you've had a I would argue sort of sense of caution throughout this year at least, which hasn't necessarily paid off, but you're sticking with it.Well, I kind of feel like uh you know the lemming in the in the comic book uh strip where it says the lemming stands up and says uh wait a minute, ...

Economic Data & Analysis - The US Commerce Secretary suggests that the Democratic shutdown, rather than tariffs, negatively impacted private sector job numbers and small businesses [3] - Deportation policies are also cited as a factor suppressing private job numbers, with an expectation of rebalancing and regrowth [4] - The US Commerce Secretary anticipates a superb GDP growth exceeding 4% next year, driven by construction projects [4] - The US Commerce Secretary claims prices remain stable unless tariffs exceed 15%, with suppliers and distributors absorbing the costs [6] - Inflation is reported to be below 3% [6] Trade & Tariffs - The report suggests tariffs are not the primary cause of economic concerns [3][6][7] - Some businesses are struggling with tariffs, higher costs, and uncertainty [5] - Factory activity shrank in November, with tariffs cited as a reason in a manufacturing report [5] Future Outlook - The US Commerce Secretary predicts significant growth in factory construction and AI building next year [7] - Plans to reduce the price of power in America are expected to further stimulate the economy [8]

General Information - CNBC provides live and exclusive video content [1] - CNBC offers the latest stock market news and analysis [1] Social Media & Digital Presence - CNBC encourages viewers to subscribe to its TV channel and other platforms [1] - CNBC maintains a presence on various social media platforms including LinkedIn, Instagram, Facebook, Threads, X, and WhatsApp [1] Event - President Trump made an announcement at the White House on December 3, 2025 [1]

Market Trends & Investment Opportunities - Franklin Templeton is expanding its active duty bond ETF suite at the NASDAQ [1] - Deep Blue, a water infrastructure company, is highlighted at the NASDAQ [1] - The growth of data centers and demand is extraordinary [2] Company Performance & Potential Risks - Microsoft's performance is being questioned, potentially impacting Amazon Web Services [2] - Microsoft's suite of products may lack traction [2] - Marvell's potential earnings are estimated at $5 per share, with a semiconductor multiple of 30, potentially leading to a stock price of $150 [3]