CNBC’s Carl Quintanilla and Melissa Lee report from the NYSE on a shortened Christmas Eve. With markets near record highs and low volatility, expectations remain high for a year-end rally fueled by fiscal stimulus hopes and earnings growth for the S&P 500. 1m 1s

Daniel Newman highlights Intel's 14A node as crucial for NVIDIA and Apple. He predicts Meta and Amazon will rebound in 2026 following major AI talent and silicon investments. Finally, he foresees record-breaking IPOs from Elon Musk and Sam Altman in the coming year. 4m 35s

F/M Investments CEO Alex Morris discusses market uncertainty and muddled Fed data. He recommends a barbell strategy of AI stocks (Nvidia, AMD, Vertiv) and T-bills, plus defense picks like Raytheon. He also weighs in on potential tariff shifts following Supreme Court rulings. 3m 19s

Fedwatch Advisors’ Ben Emons is bullish on Bitcoin and chip stocks like Nvidia for a year-end rally. Despite strong GDP data, he expects a cautious Fed regarding rate cuts, which may drive bond volatility and keep gold attractive as an alternative asset. 3m 57s

Financials are rallying on rate cuts, deregulation, and strong capital markets. RBC’s Gerard Cassidy predicts 2026 loan growth, an IPO pickup, and a surge in M&A due to faster regulatory approvals. He notes that AI will further boost bank efficiency and profitability. 5m 34s

For the 70th year, NORAD is tracking Santa’s journey across the globe. General Gregory Guillot says Santa is currently flying over Russia toward the Pacific. Backed by radar and 200+ volunteers, the team ensures a safe flight for the world’s most famous aviator. 4m 55s

Gerard Cassidy of RBC tells CNBC that the top risk for banks is a 2026 inflation surge forcing rate hikes. However, strong nominal GDP could accelerate loan growth beyond current market pricing. He also cites the upcoming Basel III endgame proposal as a key catalyst. 4m 26s

Gold and silver hit record highs as CNBC’s Andrew Ross Sorkin and Joe Kernen cover Waymo updates, Motive’s IPO, and the $1.7B Powerball. Joe dismisses the lottery as a "tax on the stupid" while Andrew argues a few dollars is worth the dream. 2m 44s

Guggenheim analyst Simeon Siegel says holiday shopping is solid despite low consumer sentiment, noting US shoppers remain resilient. He highlights Birkenstock as a top pick for its unit growth and views Tim Cook’s Nike stock purchase as a positive signal for the brand. 5m 7s

Healthcare is the top-performing sector as investors rotate from tech. Mizuho’s Jared Holtz sees the rally lasting into 2026, driven by drug pricing clarity and low valuations. Biotech is a highlight, seeing record gains and strong M&A activity despite political risks. 4m 30s

House Speaker Mike Johnson committed to a 2024 vote on banning members of Congress from trading individual stocks. Rep. Bryan Steil says the 2012 Stock Act is ineffective and new legislation is required to stop insider trading and regain the American people's trust. 3m 55s

Jan Kniffen projects a strong holiday retail season with sales growth of 4% or more and solid margins. Top performers include Walmart, Dick's Sporting Goods, and Ralph Lauren, while Target and Lowe’s may struggle. Despite economic pressures, consumer spending remains resilient. 4m 35s

Jeremy Siegel highlights a stable labor market and cooling inflation, suggesting the Fed should lower rates to the low 3s. While political risks like a government shutdown loom, tailwinds from tax refunds and lower gas prices offer a positive outlook for the year ahead. 4m 25s

John San Marco of Neuberger Berman discusses the retail rebound, highlighting value-driven picks like TJX and Dollar Tree. He predicts a strong 2026 for Home Depot and Costco, fueled by tax reforms and pent-up demand for discretionary goods as key growth drivers. 5m 2s

Katie Stockton notes a loss of market momentum despite the S&P 500 being near record highs, eyeing 6911 for a confirmed breakout. She expects 10-year yields to trend lower toward 3.67% and sees Bitcoin finding support near 84k, though its long-term momentum is deteriorating. 6m 50s

Kevin Mahn of Hennion & Walsh tells CNBC he expects the bull market to continue into 2026 with double-digit growth and more volatility. Key sectors include AI infrastructure, biotech, and power. He forecasts 3% GDP growth as the Mag Seven's market dominance begins to weaken. 5m 52s

Lee Baker of Claris Financial expects a Santa Claus rally and is hopeful for 2024. He’s cautious but hopeful about Fed rate cuts. His top pick is Weyerhaeuser (WY), a timber company undervalued relative to its assets that stands to gain from a housing market recovery. 3m 11s

Moody's Mark Zandi calls the economy "fragile" despite 4.3% GDP growth, citing stagnant hiring and rising unemployment. He notes layoffs are low for now but estimates actual inflation is closer to 3%. He also flags AI as a key risk factor for potential market corrections. 5m 30s

Patrick Fruzzetti warns that structural inflation may limit rate cuts in 2026. While AI spending fueled 2025, investors will now demand ROI. He favors healthcare due to low valuations and historical outperformance during midterm election cycles. 4m 16s

Portal Innovations CEO John Flavin predicts a robust 2026 for biotech, highlighting neurology, rare diseases, and obesity as key sectors. He expects a rebounding IPO market to fuel early-stage innovation in AI-enabled life sciences, CRISPR, and gene therapy. 4m 11s

RBC's Helima Croft discusses the 2026 oil outlook, noting that while US production is high, mid-$50 prices are challenging. Key risks include potential regime change in Venezuela, Israel-Iran tensions, and the impact of the Russia-Ukraine war on global energy supplies. 4m 2s

Retail expert Stacey Widlitz says Ulta, TJX, and Walmart are winning last-minute shoppers. Though consumers claim caution, lean inventory and low discounts mean many pay full price. She also upgraded Nike to Buy, citing brand recovery and improved margins. 5m 6s

Rick Santelli reports initial jobless claims fell to 214,000, beating expectations, while continuing claims hit 1.92M. He flagged potential data distortions from seasonal adjustments as the dollar index eyes its worst year since 2017. The 10-year yield sits at 4.16%. 2m 9s

Starbucks baristas are returning to work at 166 locations after a strike, though the union says actions continue as 19 more stores file for elections. Also, a record-setting holiday travel season is expected for Christmas. 1m 2s

Stew Leonard’s CEO Stew Leonard Jr. says holiday demand remains strong despite a 15% rise in beef prices. While staples like eggs are cheaper, the chain is using AI for production planning and monitoring social media trends after its "cookie milk" went viral on TikTok. 4m 6s

TD Cowen’s Oliver Chen highlights top retail picks for 2026, naming Walmart as a favorite for its ability to capture both low and high-income shoppers in a K-shaped economy. Other top ideas include Costco, Warby Parker, Levi’s, and luxury names like Richemont/Cartier. 4m 55s

The crypto industry is lobbying DC through Pubkey, a Bitcoin-themed dive bar. It serves as a physical hub for policymakers to engage with digital assets. Despite the retirement of key advocates, the industry continues its push for legislative progress on Capitol Hill. 2m 40s

Tom Lee validates the Santa rally and shares his 2026 outlook, citing a dovish Fed as a tailwind for industrials and energy. He predicts tech-forward banks could be the next "Mag 7" due to AI and blockchain, while lower rates and M&A activity boost regional banks. 4m 39s

UBS analyst Erika Najarian names Bank of America, Capital One, and Huntington as top picks. Sector growth is driven by deregulation and activity. She predicts a surge in large bank mergers in H1 2025 to leverage a permissive regulatory climate before the midterm elections. 5m 53s

Victoria Greene of G Squared Private Wealth views metals as a 'flight to quality' hedge. Top picks: Rio Tinto, Newmont, and Wheaton Precious Metals. While cautious on oil prices, she recommends Chevron for its yield and strategic assets in Guyana and Venezuela. 4m 51s

AI giants like OpenAI and Anthropic may head for IPOs in 2026. Experts say massive CAPEX needs for AI data centers (est. $5T by 2030) will require public market access for cheaper debt and financing durability. This shift marks a major turning point for private AI firms. 2m 53s

AI leaders are clashing: Yann LeCun argues that current scaling is the wrong path to general intelligence, favoring "world models" instead. Meanwhile, Demis Hassabis and Elon Musk defend massive scaling, which underpins trillions in CAPEX for chips and data centers. 2m 24s

AI leaders are divided on whether scaling LLMs leads to general intelligence. Google’s Demis Hassabis and Elon Musk say yes, but Yann LeCun calls AGI "BS," arguing LLMs aren't enough. This debate centers on whether massive industry spending will yield a near-term ROI. 1m 56s

Alan Ratner discusses housing affordability, noting that local bottlenecks like fees and delays hinder federal plans. He says significant mortgage rate drops in 2026 are unlikely and that large builders have absorbed tariff costs, keeping new home prices stable for now. 3m 51s

Anthony Pompliano discusses Bitcoin’s volatility and the shift toward "everything exchanges." He highlights the synergy between AI for revenue generation and crypto for wealth preservation, predicting major financial firms will announce new initiatives within six months. 5m 23s

BMO’s Evan Seigerman analyzes the obesity drug race between Novo Nordisk and Eli Lilly. While Novo’s Wegovy pill is a win, Lilly’s pill offers better convenience. With only ~6M Americans on GLP-1s out of 140M+, the market has massive room for growth as new players enter. 4m 22s

Baird analyst Colin Sebastian says Meta’s AI investments will fuel growth via new product launches. He also highlights Airbnb’s strength, noting its unique inventory gives it a competitive edge as AI-driven search begins to replace traditional travel browsing. 3m 43s

Bill Smead argues household formation drives the economy more than Fed policy. To lower long-term rates, he says investors must shift money from S&P 500 stocks into bonds. He notes high mortgage rates freeze the housing market as homeowners keep their current low rates. 4m 48s

Bitcoin falls to $88k as crypto markets underperform tech. Analysts point to cooling ETF demand, year-end tax loss selling, and thin holiday trading as key factors. The downturn is also dragging down crypto-linked stocks like Coinbase and MicroStrategy proxies. 55s

BofA analyst Andrew Obin says space data centers could solve Earth's power crunch. With high solar energy and cold temps, the move becomes viable if SpaceX lowers launch costs to $200/kg. Small tests are underway, but large-scale operations are expected by 2035-2040. 4m 33s

CNBC analysts discuss stock picks: Mizuho names First Solar a top pick despite a 6% dip. Josh Brown backs Live Nation and FedEx's turnaround. Stephanie Link eyes an Estee Lauder recovery by 2026. AMETEK hits record highs on strong industrial and aerospace momentum. 4m 6s

CNBC's Fast Money final trades: Tim Seymour selects Novo Nordisk, Courtney Garcia picks Freeport-McMoRan, Steve Grasso targets 20% upside for Boeing, and Guy Adami goes with Cleveland-Cliffs. Host Melissa Lee mentions her upcoming "Squawk on the Street" appearance. 1m 3s

CNBC's panel discusses the bull market's future. Bryn Talkington & Adam Parker expect growth driven by strong earnings, but Cameron Dawson warns that high valuations and a high bar for performance could lead to increased volatility and susceptibility to shocks. 3m 57s

CNBC’s Jim Cramer and David Faber discuss record highs in gold and silver. Cramer notes younger investors are turning to gold as portfolio insurance against $37T in national debt. With gold's popularity rising at Costco, he emphasizes its essential role in every portfolio. 1m 23s

CNBC’s Michael Santoli notes the market is pricing in a Q1 reacceleration. While cyclical stocks show promise, he downplays the impact of tax refunds and warns against hoping for economic conditions that would force aggressive Fed easing. 1m 3s

CNBC’s Rick Santelli reports November industrial production rose 0.2%, doubling expectations and reaching its best level since June. Capacity utilization hit 76.0%. These stronger figures, paired with GDP growth, are pushing interest rates up as the dollar faces a potential low. 1m 15s

CNBC’s Rick Santelli reports on the bond market, noting 10-year yields are hitting resistance at 4.20%. He remains skeptical of hitting 2% inflation targets and criticizes conflicting economic data and the influence of media narratives on consumer confidence. 2m 3s

Canaccord Genuity analyst George Gianarikas discusses Tesla safety concerns and Musk’s politics. He expects no major sales hit from complaints and remains bullish on Robotaxis, citing superior safety. Q4 delivery targets were trimmed due to ending subsidies, but a rebound is likely. 5m 24s

Chris Kelly predicts AI will pivot toward efficiency and human-like reasoning in 2026, moving beyond raw power. He expects talent wars, a rise in open-source models from Meta and China, and potential M&A as tech giants like Apple hunt for cost-effective breakthroughs. 5m 26s

Chris Krueger warns that $30B in expiring Obamacare subsidies could impact 22M households. While $135B in tax refunds may offer a fiscal boost later, potential government shutdowns and Senate gridlock over a retroactive fix create significant economic uncertainty. 4m 58s