Investments & Partnerships - Amazon is in talks to invest potentially over $10 billion in OpenAI, with OpenAI possibly using Amazon's chips [1] - Whimo plans to raise $15 billion in 2026 from Alphabet and outside investors at a valuation as high as $110 billion [2] Mergers & Acquisitions - Spirit Airlines is in new merger talks with Frontier Airlines [2] - A deal between Spirit and Frontier could be announced by the end of the month [3] - Frontier shares are up approximately 4.7% [3] Policy & Regulation - The Trump administration is reportedly working on an executive order to potentially limit defense contractors' ability to buy back stock and pay dividends, aiming to speed up production [3] Company Performance - Homebuilder LAR missed fourth-quarter profit estimates [4] - LAR's stock is down by 4.3% [4] - LAR's co-CEO cites affordability issues and weaker consumer confidence as pressures on the housing market [4]

Market Trends & Economic Outlook - Rising oil prices due to sanctions on Venezuela and potential sanctions on Russia could impact the Fed's easing path, especially if it affects CPI data [1][2][3] - Rotation is expected to continue, with capital moving from high multiple mega-cap winners to small caps, cyclicals, and international markets [4][5] - Easy monetary policy from the Fed, including the end of quantitative tightening and rate cuts, along with fiscal policy, will likely support this trend [5][13] Investment Opportunities & Sector Analysis - Small caps, particularly the S&P 600, are favored due to undervaluation and historical outperformance during rate-cutting cycles [5][7] - Fiscal policy and tax bills are expected to benefit R&D-intensive small caps, but high-quality companies with strong balance sheets and consistent cash flows are preferred [8] - Financials are viewed optimistically, especially regional banks, with strong fundamental backdrop and potential for further growth [9] - Financials are experiencing the second strongest earning season in the S&P 500, with 25% year-over-year earnings growth expected, driven by steepening yield curve and capital markets activity [10] - Banks, insurance, and banks tied to capital markets activity are attractive within the financials sector [11] IPO Market - Increased liquidity and easy monetary policy are creating a positive environment for the IPO market [13] - The upcoming Medline IPO, the largest of the year, and the resolution of the government shutdown are expected to release a bottleneck of IPOs [12] Consumer Spending & Tax Refunds - Anticipated tax refunds in the range of $100 billion to $150 billion next year, or $1,000 to $2,000 per household, are expected to boost consumer-sensitive sectors [14][16] - Consumer discretionary, home builders, and banks are expected to benefit from the influx of tax refunds in early 2026 [15][16]

All right, welcome back to Worldwide Exchange. As we close on the 6 a. m.hour, a check on a few big stories that we're following this morning. Sources tell CNBC Open AI is in talks to raise at least $10 billion from Amazon and use its chips. Open AAI has so far declined to comment.A deal could value OpenAI at more than $500 billion and see it adopt Amazon's Tranium chip, a story that we're continue to follow throughout the morning. All right, Whimo is in talks to raise $15 billion in funding in the new year ...

We were talking thousands of people there, by the way. So, a lot of people looking to take advantage of deals. What is the environment right now when we're looking at holiday shopping.Are we seeing sales going into this last week ahead of Christmas or are retailers they holding on to price. >> So, Frank, the overall environment is pretty steady uh through Black Friday. Uh there was about a 4% increase in in retail sales versus the prior year.Uh some retailers indicated that they saw pretty good trends. For ...

Market Overview - Brent crude oil price has crossed above $60, while WTI crude oil price is up about 2% this morning [2] - The market is currently dominated by oversupply concerns [3] - The market is digesting a lot of supply, which is why a 15 million barrels per day supply loss isn't causing significant jitters [7] Sanctions and Disruptions - Potential sanctions on Russian oil are being considered if Putin doesn't agree to a Ukraine peace deal [1][4] - Approximately 40% of Venezuelan oil exports, equivalent to about 500,000 barrels per day, have been on US-sanctioned vessels [2][5] - There has already been a slowdown in Russian oil arrivals, down over 1 million barrels per day since the last set of US sanctions [2][6] - About 15 million barrels per day of supply is at risk due to potential sanctions on both Venezuela and Russia [6] - CPC (Kazakhstan) volumes have been halved due to Ukrainian attacks, but the market is largely ignoring this [8] Supply and Demand - The market is discussing 2 to 3 million barrels per day of oversupply in Q1 of next year [6] - OPEC has unwanted production, and there has been non-OPEC supply growth from Guyana and Brazil [6]

All right. Uh, you know, we don't talk a lot about oil recently. Uh, right now we're seeing oil move to the upside on on potential sanctions on Russia and sanctions on Venezuela.Does that change your view of the energy sector in any way. Yesterday, we saw every uh stock in the energy sector close lower. It closed down about 3%.Does it reshape any views for you. >> I think it's still a little bit too early to tell on that. I mean, we're certainly seeing moves, certainly seeing moves this morning on that news ...

Federal Reserve Governor Christopher Waller participates in a Q&A with CNBC's Steve Liesman at the Yale CEO Summit on Wednesday to discuss the new financial order. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC TV for the latest stock market news and analysis. From ma ...

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Cra Friends.I'm just trying to make you a little bit of money. My job is not just to entertain, but to do some teaching. So, call me 1800743 CNBC.Tweet me at Jim Kramer. Wall Street has concluded that companies involved in artificial intelligence are paying too much money to build out the data centers. The hundreds of billions of dollars that they're all spending has turned off money managers and driven them toward other tech companies or even other growth c ...

When I was writing How to Make Money in Any Market, I tried to isolate growth stocks where I could find them. I was concerned that if every growth stock I highlighted was linked to the data center, you'd end up with a portfolio that could crush you the moment the data center story went out of style in the Wall Street fashion show, which of course is exactly what happened. So I looked at healthcare and tried to figure out which growth stocks would come from that typical double-digit growth sales cohort.I tho ...

When I was writing How to Make Money in Any Market, I tried to isolate growth stocks where I could find them. I was concerned that if every growth stock I highlighted was linked to the data center, you'd end up with a portfolio that could crush you the moment the data center story went out of style in the Wall Street fashion show, which of course is exactly what happened. So, I looked at healthcare and tried to figure out which growth stocks would come from that typical double-digit growth sales cohort.I th ...