Chad GPT turns three years old this week and the milestone comes as OpenAI is trying to shift from disruptor to incumbent. Maybe not trying to, it is shifting. Dear Drabosa takes a look at what to expect in year four.I love that they gave us the toddler story. Dearra, you know, we can deeply relate to like we all love year four. Year five should be even better.>> I you know I always say it's not terrible twos, it's terrible threes, right. But anyways, Kelly, it's a good note to come back on. Welcome back.I ...

Charitable Giving Motivations - Employer matching contributions are a significant motivator, with approximately 65% of large companies and 28% of small to midsize firms offering this benefit [1] - Tax breaks can be a motivator for charitable giving, but should not be the primary driver [1] Tax Law Changes and Strategies - Starting in 2026, a charitable tax break for nonitemizers will be available, worth up to $1,000 for single filers and $2,000 for married couples filing jointly [2] - For the 2025 tax year, a charitable deduction requires itemizing taxes, suggesting timing gifts for after January 1st if not planning to itemize [3] - In 2026, for taxpayers in the 37% tax bracket, the value of donations will be capped at 35% [3] - High earners may benefit from larger deductions by increasing giving in the current year [4] - Donor-advised funds allow bunching multiple years of gifts into a single year for an upfront charitable deduction [4] - Donor-advised funds enable investment and potential growth of the balance while distributing grants to charities over time [4]

MicroStrategy's Bitcoin Strategy - MicroStrategy initiated its Bitcoin acquisition strategy in August 2020 and has since become the best-performing stock in the Fortune 500, outperforming Bitcoin by double or more [2] - The company leverages its operating company balance sheet to opportunistically acquire Bitcoin through equity and debt [1] - MicroStrategy acquired another $4 billion of Bitcoin this month using equity and priced a convertible notes offering to raise another $2.5 billion, expected to be used for further Bitcoin acquisitions [5] Premium Analysis - The premium, defined as the value of the stock relative to the amount of Bitcoin held on the balance sheet, is over 200% [4] - The premium can be viewed as both a risk and an opportunity, as the company can exploit it to continue buying Bitcoin and expand Bitcoin per share [5] - The software business now accounts for less than 10% of the overall enterprise value, with the Bitcoin strategy dominating [7] - Even after backing out the operating business valuation, the premium remains significant, highlighting the dominance of Bitcoin in the company's valuation [7][8] Comparison with Bitcoin ETF - MicroStrategy possesses an operating company balance sheet, enabling it to leverage capital markets to accretively buy Bitcoin, unlike a Bitcoin ETF [8]

Production & Delivery - Airbus faces manufacturing quality concerns regarding fuselage panels for A320s in production, but no impact on delivered A320s has been indicated [2] - Airbus is inspecting potentially impacted aircraft conservatively, expecting only a portion to require further action [2] - Airbus maintains its delivery guidance of approximately 820 planes for the year [3] - Through October, Airbus has delivered 695 planes, raising concerns about potentially falling short of the 820 plane guidance [4] Software & Airworthiness - A software fix was initiated via an airworthiness directive out of Europe [1] - An issue with A320 software required immediate updates, potentially impacting American, Delta, and United airlines [5] - Most of the 6,000 aircraft worldwide have completed the software update, resulting in limited impact for airlines [5] Market Impact - Deliveries are a key driver of Airbus' share price [3] - Quality concerns regarding Airbus have been raised [6]

Joining me, Dan Clifton is Strategus Research Partners head of policy and Dave Zervos is Jeffrey's chief market strategist, a CNBC contributor, not Fed Chair, Dave, unless you have anything you want to, you know, tell us about your conversations over the weekend. >> I've got no comment on that. >> We can talk about all the other >> stuff. I understand. It is truly great to see you guys and I appreciate you being here today. Do Do you I know Dave, you've been pounding the table about this for a long time. yo ...

All right, welcome back to the halftime report. I'm Dominic Chu. Now, earlier this month on ETF Edge, we learned that according to a recent market analysis by ETF Action, roughly 90% of single stock ETFs and leveraged or inverse strategies are owned by retail investors.They've been a favorite of bullish individual investors, and demand for increasingly complex products has skyrocketed. But as volatility spikes, it might be time to reassess potential risks versus rewards. So joining me now for the discussion ...

el join me closing bell 3 o'clock Eastern Adam Parker Chris Harvey has a new gig with CIBC Capital he will be here Sher Paul of Morgan Stanley and Alex Canowitz as well hear the music is that well we'll do final trades first bin quick what do you got >> Nike I think it's got a good setup into the low 70s >> all right what do you got >> Amazon AWS reacelerate >> a good momentum name in the Jot Delta Airlines the lines. A good quality name, Apple. Remarkable resilience. ...

Bring in show music, please. >> Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod, Black Friday, Small Business Saturday, Cyber Monday, Travel Tuesday, shopping season is in full swing. Small business owner Caroline Weaver operates the locavore in New York. Local doesn't just mean cottage industry goods. It means actually manufactured things. and a big picture conversation on the market and regulation themes of 2025 with economist Muhammad Elaran. >> We are captivated right now understandably by two t ...

Market Dynamics & Competition - The AI landscape is shifting from a "winner takes all" market to a fragmented commodity market, with specialized models emerging [5] - Open-source AI models, particularly those from Chinese labs, are providing cheaper, high-performance alternatives, challenging the dominance of companies like OpenAI [6][8][9] - The focus is shifting towards AI orchestration, where the ability to integrate and manage diverse AI models becomes crucial [5] - The debate over whether AI should be built on American or Chinese technology is becoming a significant topic [9] User Behavior & Adoption - While ChatGPT still leads in raw volume, Gemini is showing a "stickiness flip," with users spending more time per session, suggesting deeper engagement [4] - Gemini's app usage is growing vertically, while ChatGPT's mobile growth is flattening [5] Financial & Investment Considerations - The AI industry is transitioning from VC-funded innovation to debt and capital expenditure-intensive scaling [3] - OpenAI's partners are accumulating hundreds of billions of dollars in debt, while Google is leveraging its cash-rich balance sheet [3] - Investors are evaluating whether OpenAI's initial "magic" can translate into monetization, which is crucial for its planned IPO [7] Strategic Partnerships & Integration - Partnerships are evolving from simple collaborations to deeper integrations, as exemplified by the OpenAI-Accenture partnership [11] - Companies are seeking more than just superficial AI integrations, requiring deeper technological alignment [11]

Joining us this morning with some thoughts, Bob Griffeld, managing partner at Cornerstone Financial Technology Management, of course, former CEO of NASDAQ. Bob, good to see you again. Thanks for joining us.>> Glad to be here. >> Sounds like you think this is kind of Nvidia's moving up the stack a little bit. >> Exactly.When you think about him talking about CPUs versus GPUs, we understand that CPUs were commoditized. So basically, I would state that over time hardware consistently has been commoditized. So ...