Welcome back. Open AAI is getting more efficient at running its AI. Our Mackenzie Sagalos has that story for us.Hi Mac. >> Hey Mike. One of the biggest questions for OpenAI right now is whether it can make ChatBT profitable at scale and that comes down to how efficiently it can run the models.A source close to Internal Financials tells me OpenAI's compute margin on paid products. We're talking both chatb and the API jumped to about 70% in October, up from roughly 52% at the end of last year and about 35% ba ...

Joining us here at Post 9 this morning, Hogan Levelvel's global head of M&A, Bill Curtain is with it. Bill, good to see you, Bill. Welcome.>> Great to see you, Carl. Good to see you. >> We talked about media here, but you think ANI will be the locust of activity.>> Yeah, I think we're going to start have a year where we rename M&A to be M&A. I think that's what's in front of us. By the way, I think Jerry put it exactly correctly.When you look at clearing away the obuscation in the marketplace, that's where ...

So breaking news on Alphabet. Dear Jerbosa has that story for us. Hi de.>> Hey good morning Mike. So Alphabet is acquiring Intersect for $4.75% billion in cash and debt and this is a move aimed at locking down power and data center capacity of course as demand for AI surges. Um shares are up about half a percent on that new session highs.Now Alphabet already owned a minority stake in the company. The deal brings Google control over multiple gigawatts of energy and data center projects already tied to its in ...

Joining us now is Charles Schwab's chief investment strategist, Lzanne Saunders. Uh Lzanne, great to see you. We're finishing up a third straight, you know, very rewarding year for uh US equity investors.What's your kind of headline message to them in terms of what ought to be expected in 2026 and what are the key themes they should focus on. >> Well, well, not that history ever serves as a as a perfect guide. I love Warren Buffett's quote about if uh if it market, you know, predicting market returns was ju ...

Let's bring in Lar Larer Hippo partner Eric Hippo to discuss what he expects for the year ahead. Eric, um clearly there's plenty of companies ready, but do you really believe this is going to be a year of unlock in the public markets given how easy it's been for these companies to raise capital privately and put their own values on things. >> Well, we we uh good morning.Uh we we always hope that it's going to be the next year, but this year there are some really good signs. The IPO market as you mentioned u ...

Retail App Downloads & Trends - App downloads data is meaningful for assessing retailer convenience and shopper behavior [1] - Last-minute shoppers are increasingly using apps for in-store pickup, highlighting the importance of convenience [2][3] - Target has seen a resurgence in app downloads, reaching the number three spot, indicating improved customer consideration [3] Target Analysis - Roth Capital Partners maintains a neutral rating on Target, viewing any positive holiday performance as tactical [4] - Toys were up about 10% in 3Q [4] - Concerns remain about Target's long-term structural issues, including underinvestment and pricing [5][6] - Increased spending needs in calendar year 2026 pose an earnings risk for Target [6] Costco Analysis - Costco's app download numbers are not as strong [7] - Several metrics are trending negatively for Costco, including renewal rates, new member additions, and traffic [8] - Costco excels in offering value, but consumers are increasingly prioritizing convenience, where Costco is weaker [9][10][11] - Increased assortment overlap between Walmart.com and Costco is emerging [13]

Market Outlook - Wells Fargo Investment Institute expects modest growth with moderate to moderating inflation, a good setup for risk assets in 2026 [3] - The Institute has a year-end 2026 target of 7500 for the S&P 500, considering it a doable number given the expected economic environment [7] - The Institute anticipates the rest of the world, including the US, will perform better next year relative to this year [13] Investment Strategy - The Institute took advantage of the pullback in early April and would like to see another one [4] - The Institute previously overweight infoch and communication services but went neutral on communication services and technology [4][5] - The Institute favors financials as its most favored sector, anticipating financing, M&A, deregulation, and a better economy [6] - The Institute likes industrials and utilities, viewing them as beneficiaries of the AI trade due to the need for data center construction and electrical grid upgrades [5][6] - The Institute is neutral on developed international and emerging markets, viewing emerging markets as a potentially cheaper way to play technology and AI [8][9] - The Institute prefers sticking with larger cap midcaps and US over international, but is looking for opportunities to increase international exposure [9][10]

Market Trends & Consumer Behavior - Molson Coors' stock decreased by 2.76% [1] - Alcohol stocks are perceived as underperforming [1] - Younger generations are shifting towards mocktails and consuming less alcohol per occasion [2][3] - Restaurant margins are affected by decreased alcohol consumption [2] Company Performance & Financials - Shake Shack's stock is down 34% year-to-date [2] - Chipotle's stock is down 38% year-to-date [2] - Cava's stock is down 50% year-to-date [2] Potential Disruptors & Future Outlook - Eli Lilly's GB-1 in pill form may further negatively impact alcohol sales [1] - The aging population may contribute to decreased alcohol consumption [1] - Restaurants are finding it difficult to pass on increased costs to consumers [2]

is the ultimate insurance play. [music] >> One of the best maybe the best performing asset of 2025. Let's get the opening bell on the CNBC realtime exchange of the big board.It's direction celebrating the launch of its Titans leveraged and inverse ETFs at the NASDAQ burner technologies a personal defense technology company. Jim some um some work [cheering] CFRA Sam Stovall looking at Santa Claus rallies. Usually when you get one at the end of a year, the whole following year has better performance.>> Look, ...

Let's get Kramer's mad dash as we count down to the bell. You >> think about the PE multiple of how it has shrunk because people kind of don't believe and there's been a lot of dispersions cast. If you want to buy gold, uh there's two ways to buy gold. You can buy gold through Costco.I do that as constantly as I can. And you can own a Nico eagle mines. I'm not allowed to own individual stocks, but people have to understand there's a Nikico Eagle and then there's just everybody else.They drill and have mines ...