Market Trends & Predictions - Dow Jones is anticipated to potentially close above 48,000 for the first time [1][3] - Taiwan Semiconductor Manufacturing (TSMC) is expected to trade higher, potentially influenced by Nvidia's earnings call [1][2] - Biotech sector is viewed favorably with potential for further growth, especially in the coming year [2] Investment Opportunities - Health Equity (HQI), the largest health savings plan company, is highlighted as a potential investment [2] - CBOE (Chicago Board Options Exchange) is mentioned as a long position with a strategy to "buy high, sell higher," indicating a bullish outlook [3]

Art Market Rebound - The art market is expected to rebound with high-profile pieces going to auction, potentially marking the first increase in over three years [1][2] - Expected art sales next week are valued at over $14 billion [1] - This represents a 58% increase compared to the previous year [2] Factors Influencing Demand - Rising stock prices, growing wealth creation, and falling interest rates are expected to boost demand in the art market [2] - Auction houses are experiencing record demand levels, including bidders per lot and sell-through rates [3] - Supply is catching up with demand, indicating a shift in the market over the last two months [3] Key Collections and Artists - Major collections from Cindy and Jay Pritsker and Leonard Lauder are coming up for sale [4] - These collections include three Gustav Klimt paintings, with one portrait potentially selling for over $150 million [5] - Other notable pieces include a Monet water lily (potential sale over $40 million) and a Rothko called Yellow Stripe (potential sale over $50 million) [5] - Mauricio Catalan's America, a solid gold toilet, is generating significant interest, with the gold itself worth around $13 million [6] Challenges and Competition - Increased interest rates have raised the opportunity cost of owning art [7] - Demographic shifts, such as aging baby boomers, are impacting the collector base [7] - Alternative investments like private credit and sports valuations are providing competition for art [8] - Luxury collectibles like sneakers and handbags are attracting younger collectors [10]

Of course, there's the energy question. Uh, can the energy supply required meet the demand. Our next guest is out with a new report projecting up to a 20% shortage of US power for data centers through 2028.Joining us this morning, Morgan Stanley's global head of thematic research, Steven Bird, is with us. Stephen, welcome back. It's good to see you again.>> Thanks so much, Carl. Thanks, Sarah. >> So, is this going to get worse before it gets better.My concern is you can run into so many different snags when ...

Regulatory Landscape & Potential Reforms - The Trump administration is considering rule changes that could significantly impact shareholder voting, specifically targeting proxy advisory firms like Institutional Shareholder Services (ISS) and Glass Lewis [1][2][3] - Proposed reforms may include banning shareholder recommendations or blocking recommendations on companies that have paid proxy advisory firms for consulting work [3] - The White House has not officially confirmed these discussions, stating that discussions about potential executive orders are speculation until officially announced [3] Industry Response & Debate - Corporate America has been critical of proxy advisory firms, with the Business Roundtable releasing a white paper in April advocating for proxy process reforms, including prohibiting robo voting [4][5] - Prominent figures like JP Morgan's Jaime Diamond and Elon Musk have expressed strong criticism of these firms, with Diamond calling them "incompetent" and Musk labeling them "corporate terrorists" [5] - Empirical research on the value provided by proxy advisory firms is inconclusive, with studies showing both positive and negative impacts on shareholder value [7][8] Proxy Advisory Firms' Perspective & Function - Glass Lewis believes that addressing concerns about proxy advisory firms is more effectively handled through constructive engagement of a regulatory process [4] - ISS is committed to fulfilling its fiduciary duties to clients and operating in a transparent and ethical manner [4] - Proxy advisory firms provide research and recommendations on corporate governance matters, such as director nominations and executive compensation, assisting shareholders in fulfilling their fiduciary duty in voting [2][9]

Take Lockheed Martin, the nation's largest defense contractor. By revenue, 20% of the workforce are veterans or even active service members. They've won countless awards for this, and it goes all the way to the top.Jim Taylor is a graduate of the Air Force Academy. We went out there. What an amazing place.He served during the Gulf War, logging over 5000 flying hours, mostly in a Lockheed C-141b Starlifter. So why is veteran hiring so important to Lockheed. And how important is this company to our national d ...

Whimo announcing today it's now operating on freeways in San Francisco, in Phoenix, and Los Angeles, plus an expansion of its service areas. Dear Drabosa has the latest in today's tech check. Is this a good thing, Dearra.>> How are you. It >> is a good thing if you like to ride in Whimo. So now you can get in a Whimo from downtown San Francisco where I am all the way to San Jose.That's about 50 miles or an hour and a half on a good day. And this is all without having to say a word to a driver. So that is ce ...

are a d. Everyday investors like No plans for any Black Friday discounts. Joining us this morning in a first on CNBC interview is CEO Martin Hoffman.Martin, so much to get to. Thanks for being with us today. >> Thanks for having me.>> Does this quarter reflect some kind of inflection point with the consumer. >> I mean, it's been an absolutely amazing quarter with close to 35% constant currency growth. But what it really shows is the strategy that we are having.And this is a strategy of building the most pre ...

Supply and Construction Trends - Apartment construction starts are projected to decrease by 65% next year [1] - Industrial construction is also down 70% [3] - Data centers are now a larger asset class in construction than office buildings in the US for the first time [3] Rental Market and Debt Issues - Rents have gone negative in many markets, contrary to expectations [2] - Many properties with construction loans may not be able to pay off their debts at maturity [2] Population and Immigration - The US has experienced a reduction in population for the first time in 250 years, negatively impacting real estate [3] - Net exporting people is a problem for many real estate markets [4] - The country needs to encourage legal immigration, which has historically contributed significantly to GDP growth [4] Investment Opportunities - Rates are coming down, presenting opportunities to buy real estate in the US at deep discounts to replacement cost, especially in office buildings [4]

Let's turn to the White House as well where the president as Sarah said will expected to host some high profile Wall Street leaders for dinner tonight. For that we'll turn to Aean Javvers. Morning Aan.>> Yeah, good morning to you Carl. We are expecting those heavy hitters here at the White House, but the White House is not really offering any detail on this dinner tonight other than uh that they are hosting it with financial leaders uh from across the economy. uh no no explanation from the White House sort ...

More on the market as we await the House vote today on a bill that could end the shutdown. Let's bring in Raymond James CEO Paul Shukri. It's great to have you Paul.Welcome. >> Yeah, great to be here on the NYC. >> Yeah.So, how are you feeling about the overall market these days. We're sort of waiting for the end of the shutdown, waiting to see about the AI trade after last week was a little bit bumpy. Where do you think things stand.Yeah, I mean there's always uh uncertainty uh and so you know the markets ...