Closing bell market zone. Mackenzie Sagallos is breaking down some big moves in the crypto space. K.Rogers looking at restaurant stocks. They are feeling the heat big time this week and 314's Warren Pies is helping us close down the countdown into the close. Mac, we start with you.>> Scott, crypto markets are rebounding to close out what has been a choppy week of trade that saw Bitcoin slip below that key $100,000 threshold midweek as macro uncertainty weighed on risk assets. Now on the institutional side, ...

week. Let's ask Rick Heitzman. He is First Smart Capital's founder and partner.I mean that good to see you. That is the question. What do you think about that.>> Partially true. I think the AI trade is going to continue to go. It's taken a little bit of a breather, but I think as we've talked about before, we're in a moment where things are getting sorted out.So, the companies that are really implementing AI and driving ROI are getting rewarded, and we've seen that so far. And the companies who were just in ...

Market Trends & AI Trade - Equity markets have risen significantly, approximately 30% to 40%, since liberation day [2] - The market was heavily influenced by the AI trade, which is now undergoing a period of digestion [1][2] - Concerns exist regarding the expectation of a 100% Federal Reserve rate cut in December, although current expectations are at two-thirds [3] - Earnings have significantly surpassed typical levels, with strong demand driving the AI trade [8] - The AI transformation is expected to continue, benefiting larger companies with strong cash flow [11] Investment Opportunities & Potential Risks - Profit-taking is occurring after a substantial market run, particularly in higher beta and higher volatility stocks [2] - Potential pullback in risk appetite may occur if market expectations for continued gains are not met [3] - M&A activity is up over 40% year-over-year, and IPOs are entering the market, potentially boosting market sentiment [5] - Infrastructure buildout, especially in energy (up 5% to 6%) and utilities (up about 20%), presents an investment opportunity [11] - Private market infrastructure and smaller, non-public companies are favored investment areas [12] Economic Factors & Fiscal Policy - Labor market data, specifically challenger numbers, are concerning [4] - Fiscal policy, with a "big beautiful bill" starting to impact the economy, is a key factor [5] - The Federal Reserve's policy will play a significant role in driving market direction [5]

Market Sentiment & Fed Policy - Market interprets potential talks in DC as positive news, anticipating a resolution to the shutdown [1] - Closing out short positions suggests anticipation of positive news over the weekend [2][3] - Market vulnerability stems from its reliance on growth and interaction with the Federal Reserve (Fed) [3] - Market pullback occurred after the Fed meeting, indicating a need for more Fed support [3][4] - Unsettled market conditions are attributed to concerns about the Fed's actions rather than the durability of AI or valuation questions [4] Economic Factors & Sector Performance - The economy is described as K-shaped, with the bottom half (real estate, restaurants, consumer cyclicals) struggling and the top half (AI, wealthy individuals) thriving [4] - Stimulus aimed at the bottom half of the K-shaped economy could potentially fuel bubble-like behavior in the top half, particularly in AI [4] - Consumer cyclical stocks traded poorly following the early September jobs report [3] - Challenger data raises concerns, potentially indicating that the Fed is likely to continue cutting rates, possibly as early as December [6] AI Market - The AI basket tracked is up 20% since early September, suggesting a need for a break or correction [5] - Strong earnings results were recently insufficient to sustain the AI group's momentum [5] - The speaker does not believe that we are currently in an AI bubble [4] Future Outlook - Expectation that the Fed will cut rates, leading to an upward drift for the markets [7] - Bullish outlook with a rating of 3 [7]

WisdomTree’s Jeremy Siegel joins 'Closing Bell' to discuss the government shutdown, anxiety over the AI trade and much more. ...

Steve Leeman, our senior economics correspondent, joining us with that. What do we know here, Steve. >> Uh, interesting comments from Steven Myron, the new Fed governor who is on a leave of absence from the administration about stable coins and the potential effect on monetary policy.He calls stable coins could be the multi-mill trillion dollar elephant in the room for central banks. Stable coins, he says, uh, could reach 1 to3 trillion dollars by the end of the decade, the uptake of it that is. and stable ...

as we're hearing now from the White House. Emily, >> hey, Scott. So, yeah, hearing from a couple different folks here.Number one, I am hearing uh from a couple of Republican aids that this offer now made by the Democrats that they will vote to reopen the government if Republicans provide a one-year extension of those Affordable Care Act tax credits is not going to be accepted by Republicans. I was told that this offer was actually made several weeks ago, that it was rejected by Republicans. We're also now s ...

It's no secret that AI's ambitions and promises are sky-high. And perhaps the biggest wheeler and dealer in the space is Sam Alman and his Open AI. Alman saying that Open AI is on track for 20 billion in AI related revenue this year.That's ahead of its own internal goal of 13 billion. They've got a massive goal of 100 billion or more in sales in just 5 years. But here's the reality.Some on Wall Street are wondering if the math really doesn't compute. Adding to some of the concerns, CFO Sarah Frier floating ...

Let's talk about it all with Osan Kuan. He is the chief equity strategist at Wells Fargo joining us on set. And I know this week's been a little bit weird, but the stock market we're supposed to buy when prices go down.So, you remain bullish. >> That's right. I think you buy the dip here.Um I think the setup for equities into the year end is pretty still pretty positive. Uh we just had a actually really good earning season when companies beat by 8% on EPS. It was actually the broadest beat that we saw uh in ...

a fallout from the government shutdown and the airlines are actually green. Let's just bring in Emily Wilkins now to give us the breaking news on what we're learning out of the nation's capital as this stalemate has continued. Um Emily, what do we know.Scott, we just saw a brand new offer on the floor from Chuck Schumer and Senate Democrats, basically telling Republicans that they will vote with them to reopen the government as long as Republicans can agree with them to provide a one-year extension of those ...