Joining us right now to talk markets is Sarat Sethi. He is portfolio manager at DCLA. He's also a CNBC contributor.And Sarat, the biggest story that's been driving the markets is what's happening with AI, what's happening with Nvidia, what's happening beyond that. This morning, there's a story in the Wall Street Journal that says the economy is now addicted to AI spending. And in fact, if that spending were to change, it could take down the broader economy with it.>> Yeah. I mean, you're looking at all the ...

the odds of a December interest rate cutter rising. Steve Leeman joins us right now. He's got the latest on that front.And Steve, this has been on again, off again, watching it uh pretty substantially move on a dayby-day and week-by-eek basis. Yeah, I I've gone back and forth on this, but it does appear now, Becky, that the everchanging winds of this Fed's December pol policy decision look now to be blowing more decisively towards a rate cut, despite the possibility of a significant number of dissents at th ...

AI & Technology Sector - Meta 正在考虑从 Alphabet 购买芯片，这可能对 Nvidia 构成竞争 [1] - AI 资本支出周期受到关注，更多债务融资可能给该领域带来压力 [2] - 行业内存在泡沫，部分公司将成为大赢家，部分公司将成为大输家 [3] - Google 可能从 Meta 购买其芯片的交易中受益 [3][5] - Broadcom 的 CEO 在 Meta 的董事会任职，这可能导致行业出现一些颠覆 [4][5] Economic Indicators & Fed Policy - PPI (生产者价格指数) 对于美联储决定是否在 12 月或明年初降低利率至关重要 [6] - 零售销售数据具有一定的滞后性，对假日季的关注度较低 [7] Healthcare Sector & Stock Pick - 医疗保健板块在过去 13 个中期选举年中，有 11 个的表现优于标准普尔 500 指数 [9] - Abbott Labs 是一家诊断公司，产品涉及糖尿病监测和成人营养，近期收购了 Exact Sciences，进入高增长的癌症诊断业务 [9][10] - 医疗设备和制药是 2026 年前关注的医疗保健领域 [11] - 如果要增持医疗保健板块，Abbott Labs 值得考虑 [11]

All right. How much weight are you going to put on this retail sales report. We had a guest on earlier.He says, "Yeah, it's interesting because I want data, but it's kind of backwards looking and it's kind of not really clear how much of a read it gives on today's consumer." >> Yeah, that's correct. And I think you're going to get some more data in the later in the week. You know, Adobe usually comes out with their, you know, Black Friday weekend sales update and some of their Cyber Monday, you know, data p ...

Government & Technology - US government launches "Genesis mission" to boost tech innovation using AI, involving a public-private partnership with the Department of Energy, Nvidia, Dell, HPE, and AMD [1][2] Cryptocurrency & Legal Issues - Binance founder Changpang Zhao faces accusations of facilitating millions of dollars in payments to Hamas after the October 2023 attack on Israel [2] - Victims and families of the Israel attack filed a complaint alleging Zhao and Binance laundered money for the terror group [3] - Peter Coker Senior and Peter Coker Junior failed to pay over 55 million USD in restitution for their roles in a 100 million USD pump and dump stock scheme [4] Company Performance & Stock Activity - Xiaomi founder increased his stake in the company by purchasing an additional 13 million shares [4] - Xiaomi's stock has fallen more than 30% from its July peak [5] - Chinese EV maker NIO reported a smaller than expected Q3 loss, with revenue rising by 17% through October [5] - NIO's vehicle sales reached approximately 270,000, a 60% year-over-year increase [5]

The CNBC is out this morning with its annual list of NHL valuations. The average NHL team now worth $2.2% billion. It's a 15% jump from last year.Now taking the top spot on this year's list, the Toronto Maple Leafs, valued at $4.3% billion. That's followed by the New York Rangers, Montreal Canadians, Los Angeles Kings, and Edmonton Oilers. Joining us right now is the man behind the list, the numbers, our own Michaelian, senior sports reporter.Good morning to you. >> Good morning. >> How has this moved if if ...

AI Market & Competition - Competition in the AI sector is viewed positively, indicating a real and growing market beyond just one or two leading companies [2][3] - The AI market is still in its early stages ("springtime"), suggesting significant growth potential and increasing competition [3] - The emergence of competitors to Nvidia suggests that the market is real [2] Investment Strategy & Portfolio Allocation - The rise of Alphabet as an AI player may lead to portfolio rebalancing, potentially involving increased exposure to Alphabet and reduced exposure to previously dominant companies like Nvidia [4] - Investors are diversifying portfolios to include stocks with growth potential that are relatively undervalued [8] - Inter-sector rotation is occurring, with investment spreading from former leaders to other companies, including Alphabet [6] Sector Focus & Opportunities - While technology offers the greatest growth opportunities, the industry is also exploring opportunities in healthcare, particularly medtech and pharma [9] - Finding undervalued opportunities is challenging, as many value plays appear to be value traps [10] - Tech remains attractive due to the relative ease of forecasting revenue and technological advancements over a 2-3 year horizon compared to other sectors like pharma [12] Economic Data & Market Sentiment - New data points, such as the ADP NE pulse number, provide valuable insights into the labor market on a weekly basis [15] - Consumer confidence is a crucial indicator to monitor at the current stage [15] - The market is looking at old data, but also getting some new data [14]

All right. So, Bob, it's the retail crowd really moving this stock right now. You say the big money, it's not in this name yet.When you're talking about big money, who are you talking about. You talking institutions. Are you talking activist. I mean, exactly who are you talking about.>> Well, you know, um, Bill Aman has been out publicly saying that they he thinks that these two names, Freddy and Fanny, should be out privatized, which is going to fuel a lot more, um, big money coming in from the hedge funds ...

Lobbying Efforts & Political Influence - The AI industry is increasing its presence in Washington DC through lobbying efforts and campaigns [2] - AI companies like Anthropic, OpenAI, Corewave, Nvidia, and Scale AI are reportedly starting or expanding offices in the DC area [3] - OpenAI, Anthropic, and Nvidia set records for lobbying spending in the last quarter [3] - Nvidia increased its lobbying spending to $1.9 million in Q3 [4] - Andre Horowit spent over $1 million in lobbying in Q3 for the first time [4] AI Regulation & Policy - Anthropic spent a record $1 million in lobbying in Q3, pushing for more AI safety standards [4] - Lawmakers are divided on AI regulation, with the White House pushing to override state laws, while some Republicans warn against this approach [5] - Congressional leaders are aiming for a potential vote on preemption in the coming weeks [5] - There is a move to separate AI laws, leaving consumer protections, child safety, and privacy to the states, while federalizing development and deployment to compete with China [9] Congressional Action & Bipartisanship - Steve Scaliz and Brett Guthrie are leading efforts in the House regarding AI [11] - Congressman Gottheimr believes there is a bipartisan path forward on AI [12] - The key is to put a detailed plan on paper for Congress to consider [10][11][13]

Joining us right now to talk about the markets is Matt Powers with Powers Advisory Group. He's a managing partner there. Uh Matt, you think that there is still risk to that market and the biggest risk at this point is concentration in too few stocks.>> Yeah, good morning Becky. Thanks for having me. Uh you know, I don't want to come off sounding bearish because I'm not.And maybe kind of a cheesy analogy. I heard you guys have one here earlier. Uh you know, we're not necessarily worried about the pie growing ...