Busy day for data and we're getting a little bit more right now out of Conference Board. Let's get back to Rick Santelli. Hey Rick.Yes indeed, Carl. December consumer confidence from conference board expected to come in around 91 is a disappointment. Comes in at 89.1%.However, last month's 88.7% shoots all the way up to 92.9%, which makes this number at 89.1% the biggest since the revision of last month. And last month's revision at 92.9% will be the best since the month before that October when it was 95 a ...

Let's begin though with some breaking news from Leslie >> Carl. Thank you. Um, Citadel [music] planning to return about $5 billion in profit it earned in 2025 back to investors at the beginning of next year.That is according to a person familiar with the matter. The firm's flagship multistrategy fund known as its Wellington fund gained 9.3% in the year through last week, said the person who asked not to be named discussing performance details. The profit being returned is not all that was generated in 2025, ...

Let's get to Jim. It's not trading. I've >> been thinking a lot about the Warner Brothers Discovery and the one thing I don't understand, you've got that bid.It's money good from Ellison. Just come in with 34. I mean, Larry Ellison is a person who has stormed in uh what when people saw when he did the hostel, he said, "Look, here's the way it's going to be." Uh Cerner, here's the way it's going to be. Where is the here's the way it's going to be.It's $34. We're we're four dollars better than Netflix, maybe ...

Uh probably the last really busy day of data of the year. Let's get to Rick Santelli with some industrial production. Hey Rick.Yes. Industrial production gas utilization. These are November numbers.We're expecting up onetenth of a percent for production comes in twice expectations up 2/10en of a percent. This would be the best industrial production since June of this year. And if we look at capacity utilization 75.9% is what we're looking for.76.0%. 0 is what arrived. That's the best since July of this year ...

because AI can make it so you don't need to hire as many people. >> We're going to talk about more about this in a minute. Let's get the opening bell here in the CBC real time exchange.At the big board is Peerless ETFs celebrating its option income real ETF and [music] the NASDAQ is quantify funds celebrating its Bitcoin gold exposure. >> Well, I think gold, yes, Bitcoin, no. Uh gold, silver, copper are on runs that if we were to do a commodity show, I wouldn't say a commodity show for a while.I mean, you c ...

Uh let's get let's get more about this deal. Just so people know this is Service Now uh buying uh Amos and Armis and that's to expand cyber exposure. So let's go right to it. Uh this is a CNBC exclusive. Bill, welcome back to Squawk on the Street. >> Thank you very much, Jim. >> Okay, so Bill, why do you need to do this? You've come on many, many times and said, "Look, we are the single source of truth. We've got the AI control tower for business. Why do you need to have a layer of of cyber security.Because ...

But what other kind of companies and industries may also be at play. Let's talk about it with Veto Sperdo. He is the head of RBC capital markets US global head co- global head of M&A.Veto, great to have you on. >> Thanks for having me. >> So what is the the deal making setup heading into 2026.>> Sure. Uh look, if I look back a year ago, we thought the first half was going to be a little slower just as people got used to the administration and the new policies and that's what played out. And then the second ...

Let's look at Bitcoin prices this morning. Oh my god, there might not be another interest rate cut. Uh, better sell some Bitcoin.Um, there it is. Um, right now down 598 at 87. We'll talk about where it's been uh with Anthony Pompiano, founder uh and CEO.I was looking at Coinbase. Got as high as 300 back in 21. Then it went all the way down to 30. Then it got all the way up Anthony and then we'll get to coin uh to Bitcoin all the way up to almost 400 again.Now it's almost been cut in half again. very volat d ...

Okay, let's uh let's keep doing this, Steve. It's it's pretty interesting. For more on all this data, I want to bring in uh Hyundai Yuba Yuva, uh senior US economist at BFA Securities.You're sitting there with Steve. What do you what do you what do you think of what you just heard. >> I think this is a very very impressive GDP report.As Steve correctly pointed out, 8% essentially nominal GDP growth. Consumer spending really beat expectations. This is pretty unusual.I mean we had the monthly data for July, A ...

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