it is incredibli but honeywell have been beaten down and reformulated. the stock would be higher if it present for their exposure to the airline industry as people were pounding their chests on esg and all the institutional investors telling you what they care about, zero carbon, car been neutral debating the angels on the end of the pin, he has been doing something. taking chlorofluorocarbons out of the air taking out 85% of pollutants is remarkable on every part of the sustainability story, they are involved in a big way. >> jeff, let me interrupt you for a second -- i hate to cut you off but we want to make sure we get to the ceos on the hot seat three them ceo of robinson, facebook, and act vision i want to stat off with robinson isn't it early for him to be on the hot seat >> no. some viewers might say how can i ignore apple reaching a trillion dollar valuation it is a great story. they deserve to be runners up. and cornell with target has been an incredible story, up 30%. what they have done in multichannels and all their lines. vlad, my gosh, ther

. >>> a work wlunch ceo 6 honeywell. the company has become a major player in the energy transition. and the ceo has a new strategy to fuel growth tyler? >> hi, rahel thanks very much and stocks near session highs right now, rebounding for a second consecutive day the dow down a little more 2% off its yearly high. the s&p off 1% as we look at the gains, 179 for the dow industrials. nasdaq remains nearly 5% off its high it has been a rough month or so for tech stocks. caterpillar, the best performing dow member, bernstein upgrading the shares saying the machinery maker will be a key beneficiary in a rebound of global growth. pfizer shares are higher after the fda made its pill the first oral anti-viral drug cleared during the pandemic. good news for pfizer and anyone who is suffering. >>> let's begin with the consumer the conference boards confidence index coming in stronger than expected despite rising covid cases and higher inflation 27% of consumers say business conditions will improve. 25% expect more jobs to be avail

let's talk about industrials right here cramer's investing club bought more shares of honeywell it's down 3% year to date. brenda, sometimes people are confused with what the company does and it's a conglomerate where do you see the strength of the company? >> this is an exceptional management team with a company with a strong balance sheet and they have a great historical track record of making creative acquisitions and it's come under question this year as ge has announced a decision to break up the company and that's a disappointing period of time for honeywell which is rare in the company's history, but i agree with cramer that there's an upcoming meeting where management will have the opportunity to talk about growth in the future. they've gotten a bad rap for talking about the things they've done in the past when nothing in the here and now seems to be going well for them, but i think this will be an opportunity for them to talk about continued growth in the future and profit margin improvement and revenue growth. >> jim over to you, the stock is going cheap. do you share the s

meet honeywell forge. analytical software that connects assets and people to deliver a cybersecure record of your entire operation. so that everyone, in your boardroom and beyond, speaks the same language. honeywell forge. industrial grade software. and that's just basic wavy guy maintenance, right? next up, carvana. oh, boy. carvana just doesn't seem to understand how the test drive works. they give their customers seven days. and if they don't like it, they give 'em their money back. wait, they take the car back? that's crazy! what if it was driven by like a zookeeper? or a mud wrestler? or a guy who's on the outs with the missus and he just needs a place to sleep for seven days? yeah. (vo) buy your car online. love it or return it. with carvana. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests.

meet honeywell forge. analytical software that connects assets and people to deliver a cybersecure record of your entire operation. so that everyone, in your boardroom and beyond, speaks the same language. honeywell forge. industrial grade software. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ >>> welcome back this is "options action" another brutal sell-off in technology today the nasdaq plunging nearly 2%. by the way, that's off session lows if you caught the show a few weeks ago, michael khouw said it was a good time t

honeywell named a top pick at jpmorgan saying, we view honeywell as cheap. it is one of our calls of the day. j jason and shannon both own it. jason, your take >> they've performed a little over 4% year-to-date it is a tough one on a relative basis, i mean trading and 26 times i guess is cheaper than what it has been but they are leveraged to the fence in airline space, so that's been kind of a tough trade this year, but they have a strong balance sheet let's see how things play outgoing into 2022 i like the call generally. it has been a long-term hold of ours >> shannon >> i think if you look at execution by the management team, they've already divested some of their businesses they continue to focus on operational efficiencies, and i just think it hasn't been a company that's benefited from sentiment in the last year but i look at my industrials portfolio and i think it combines technology and a footprint in some areas that will continue to grow and benefit from a stronger global economy. >> weiss, what is your take on the broader industrial sector? you se

it's done well i think from here, however, you probably want to take a look at a name more like a honeywell that has underperformed year to date this company has been held back by it aero space segment, 35% of total sales and it's most profitable and they were able to improve margins even in this environment by 390 basis points. i think when air travel returns, this is a company that has embraced digitizing and will be poised to provide some outperformance it's an above market yield it's an above the 30-year bond yield. and they've been growing the dividend about 9% annually over the last five years. in high inflation environment, dividend growers are a good place to be. i think that's one you might want to look at as an investor if you don't own it already. >> craig, we have some of the other major industrials set to report in january. >> you know, the relative stream trend overall is what's standing out to us. it's been a surprise to a lot of investors. on an unweighted basis, the industrial sector is starting to get close to making a new high you go through and look at things like johnso

companies almost never get enough credit for reinventing themselves supporting bank of america and honeywell with a downgrade rubbed me the wrong way because this is a company who seems to reinvent themselves all the time but may seem to be running out of theme the thermostat division picked up steam darius describes the philosophy of his predecessor and if you've read dave's book "winning now winning later," you know that means adapt or die so when i see honeywell getting hit, if there's a problem management will simply reinvent the business all over again, which is what makes this stock a necessity for your portfolio let me give you another example. chevron, were these guys really planning to spend $10 billion to create cleaner forms of energy and reduce their carbon footprint? as a matter of fact, 10 billion is more than triple what they wanted to spend not that long ago. but the ceo wants to make sure that chevron will still be around in 2050 and still be dominating the energy industry that's why it's going to be featured on my 12:30 p.m. investing club event tomorrow. reinvention is a b

we see, again, companies like boeing, big industries like honeywell or companies exposed to the travel sector like walt disney for example, also on the weak side. well, consumer oriented names like johnson & johnson for example, a little more stable. my opinion just watching this from afar is the most important thing that happened today was not dr. fauci speaking but it was powell and yellen. because what the market really wanted today was not fauci it was hearing powell say, well, let me clarify what i said yesterday, and trying to walk back some of thinks comments yesterday. that's what i think the market was hoping for if you will notice, guys, the top of the market was as powell was testifying earlier today and everyone at least people i was talking to said he's not walking back anything. he's sticking by his guns to what he said yesterday he's not clarifying or you know trying to walk back anything and the market just kind of rolled over after everybody realized that fact we are now -- the problem with the market now is there is too much noise to get it to advance. too much noise

for honeywell, that is a great thing. this is a company that is all about controls, automations, energy savings, sustainability, and energy solution. we welcome transformation. now with cop 26, we see that that is going to continue to accelerate, because there is some level of alignment that all countries in the world will do something and it will transform to a carbon free economy. >> obviously it is a massive effort to solve what is a massive problem. do you find you have adequate solutions for it at this time, or are there things that your customers would like to see in an effort to meet whatever green goals they have set, whether it is carbon neutrality, you name it, are the solutions there? darius: the good news for us as most of the solutions we have today, there are a few we are working on and i will point out a few examples, those solutions are there. we coinvented or invented many of these refuel solutions a couple decades ago. we have enhanced them and upgraded them since then. but we were one of the real innova

and working with some of the world's leading aerospace providers like honeywell, microsoft and so on, it's given us a real head start. liz: stephen, we'll be watching this. i can't wait to see the first one to take off, not sure i'll be on it -- [laughter] but i'm happy to take a joyride. thank you so much. >> thank you so much. liz: all right. former sec chair jay clayton and ripple ceo brad garlinghouse locked in, of all things, a twitter battle? garlinghouse tweeting, quote: siri, play ironic by alanis morissette. charlie's going to break this little battle coming up. don't go away. ♪ ♪ i have something for you. [husband whistles] ♪♪ hi. [wife laughs] i have something for you too. [wife whistles] ♪♪ ♪♪ step up to gmc with 0% financing on these gmc models. we...are professional grade. gmc on these gmc models. we..some days, you justrade. don't have it. not my uncle, though. he's taking trulicity for his type 2 diabetes and now, he's really on his game. once-weekly trulicity lowers your a1c by helping your body release the insulin it's already making. most people reac

meet honeywell forge. analytical software that connects assets and people to deliver a cybersecure record of your entire operation. so that everyone, in your boardroom and beyond, speaks the same language. honeywell forge. industrial grade software. introducing the biggest advancement in the history of small business bookkeeping. having someone else do your books for you. i'm linda, your quickbooks live bookkeeper. let's do this linda! sounds good! a live expert bookkeeper who understands your business. felipe, i've categorized last month's hair gel expenses. steve, i just closed your books. great, how are we looking? profits are up! on to next month. on to next month, linda! get your books done for you by trusted experts. intuit quickbooks live bookkeeping. >>> there's no lack of movers today. let's get to dom chu and get some of them >> carl, what it comes down to is very much about the nasdaq and specifically the biggest companies in the nasdaq. the nasdaq 100 if you take a look at that a lesser degree

you will really concerned about honeywell? well, i will take you then, maybe she used to become a beacon or they get cabinets and moscow sounds. the alarm over ukraine's beefed up military budget for next year. and the presence of a large, contingent of foreign forces on ukrainian soil, ultimately saying he of is planning a crusade in the east with bringing you your worldwide headlines live from moscow on this christmas eve. welcome to the program here on audience. well, the hopes of millions of libyans to choose a new direction for that country have been scuppered after elections. on friday, we just scrapped a decision, came off the warlord started parading all around the capital tripoli ultimately ratcheting affairs of a fresh civil war. however, as it is eager to start off, now reports delaying the vote could ultimately serve certain outside interests this year promised to bring a tectonic change for libya, a chance to revitalize its political life and hold in election. the 1st one since the whole decade of lawlessness and

back into risky territory. dots about ups punk, honeywell is from the university of exeter medical school. he questions the u. k. government's approach to containing the virus. they saw a lot of confusion and concerns the way it was suddenly announced on a sunday i pre recorded message, and i personally feel that prime minister johnson has once again got it wrong. let me explain why. prime minister johnson continuously continuously continuously keeps on talking about one thing only, which is boosters, boosters and business. if you were to take the advice from any scientist, any scientist worth their salt will tell you that one way to keep the infection numbers down case numbers down is a multi layered approach. the multi layered approach with prime minister johnson just doesn't want to do is where your mask very properly, where a good quality must work from home. cancel parties, stop gatherings in pubs and restaurants. have your boosters have your seasonal influenza vaccine do? so it is multi month multiple approach that is needed on we crohn is may be a little bit vaccine, evasive. howev

who told her, you know this, assuming insulin had the hot out or who got all tunnel degree, backing honeywell, who eva, me, kugal toys, all who go to to warren number will all who i will take of even had to had to rattle her own crockett kangaroo retrieval crew into told her hebrew. mm hm. no, they don't know the so, so in addition, when it came to the embezzlement charges, the prosecutor found that over just 2 of the 12 he is that operated the home received government subsidies worth more than 11000000 dollars today. and all that a 3rd was embezzled. on top of this, it's estimated that tens of millions of dollars in today's value that should have been paid to inmates for the label was also stolen. despite the large scale fraud, park was sentenced to just 2 and a half years in prison. garage john carter long propound her grandma's reply. meanwhile in australia, brother's home director limb young soon was trying to find a foothold and from el investigations he wasn't without funds. according to this document, from the prosecutor's investigation in just a 2 years before the facility, shut down

overall honeywell has reinvented itself ge, dave, we had used to think you shrunk to grow, j&j goes to 170, ge's breakup so far, you would say the reviews have -- >> underwhelming it's very interesting that both these iconic companies, say what you will, with incredible histories, ge and j&j in the same week made decisions to break apart. what they believe would be greater capital allocations. any number of things they would call -- and the market just didn't respond that is an exception to what we have seen in the past, from the shrink to groh country of plays, where there was quite a period of time, it would seem, you would get an enthusiastic responsibilities it is notable, the absence right now. >> you know, technologies emerges with raytheon, and then gives you three incredibly viable businesses. >> you're talking about otis and carrier. which. >> raytheon. >> you're just talking about this nothing but net greg is -- you know, greg by nature was a financial guy first of all, otis, carrier have both done very well. utx merging with raytheon. they have created a lot of value through

just last week, honeywell spun off their quantum computing business, and they are looking to unlock and make quantum or -- more investable. all of these cases, the assets were not providing much value in terms of these multiples. i was looking forward at the multiples, nvidia whose automotive business is relatively small, there was momentum in other areas. qualcomm is at 16, intel is at 13. the other ones don't make any money yet. these 13 forward earnings for intel, there is value to be unlocked. emily: how do you see mobileye competing with other electric car companies out there? who will the main competition be? dan: the nice thing is the teslas, the rivians, those are complete automotive solutions. they have assets, it is not just the semiconductors. by 2030 could make 20% of the billable materials for a vehicle. they shipped 100 million of their iq chips. they are already in many of the well-known automotive technologies. they are doing robo taxi. there technologies can be adopted. competition from qualcomm, nvidia, tesla that are building their own, but there is a huge market to a

just last week, honeywell spun off their business and they're looking to unlock and make quantum or investable. all of these cases, the assets were not providing much value in terms of these multiples. nvidia whose automotive business is relatively small, there was momentum in other areas, qualcomm is at 16, intel is at 13. the other ones don't make any money yet. these 13 forward earnings for intel, there is something interesting here. >> how do you see mobileye competing with other electric car companies out there? who will the main competition be? >> the nice thing is the tesla's, the rivian's, those are complete automotive solutions. they have assets, it is not just the semiconductors. they shipped 100 million of their iq chips. they are already in many of the well-known automotive technologies. they are doing rubber taxi. there technologies can be adopted. competitions -- companies that are building their own. there is a huge market to address of legacy and up-and-coming av and ev manufacturers that will be looking for the technology that is available today. as we move into level four and

i think tomorrow people buy it you get rephis, target price boosts don't forget honeywell and general electric both stocks can rise on this chinese news even if it doesn't translate to word. sentiment is a fikle beast after today some people will sell stocks because they feel that they have gotten lucky. what you need to consider is many people are waiting for the selling to stop. we had a disappointment in numbers from docusign. higher prices could be in the cards for the down and out stocks that have suddenly and incredibly despite the omicron backdrop been given a new lease on life. david in new york. david. >> caller: boo-yah, jim. >> boo-yah, david. >> caller: first time caller, long time watcher. uber continues to expand its reach into food services, can anybody ba, and now a him and hers delivery partnership. they have been beat up is now the time to get in one or is the space too volatile? >> thought about this. came out with a huge price target for uber. i think uber did get too cheap it's at 38 does matter. i think it will go to 45 uber is a trader stock and no more right no

i spoke to honeywell ceo late last week about how tightening supply, inflation is affecting business now >> in inflationary environment is here. i would say we saw it already in q3 in q4 social security accelerated. it's been an exciting operating environment. it makes it for a very, very challenging operating environment. the demand environment continues to be superb demanding is running hot now it's a kind of battle and we're using a series of tactics to mitigate the inflation and some of the supply chain challenges >> we'll see what happens with demand in '22, julia also talking about sustainability being an important theme. >> i do think a lot of focused are focused on sustainability. >> yeah. to some degree they anticipated it we have been in this environment for quite a while. companies have had time to make adjustments. we'll see to what degree they are able to use the plays. >> let's hope the challenges aren't too bad >>> at&t is the rare stock they say peleton is better position than cable next year. the price target goes to $30 we have more about that call and others like i

jpmorgan out with stock picks and likes amazon, apple, disney, honeywell and paypal and gm, lennar and qualcomm among others. >>> finally setinelone and tomorrow is the company lock up expiration which means more shares on the market and questions about its valuation. nearly 40% off its recent high and down 7% today. for more of jim's insights, sign up for the cnbc investing club newsletter point your phone's camera at the qr code on the screen. >>> the head of instagram speaking before congress next hour on protecting children online behind the scenes the parent company meta is in the midst of an exodus. the shares on pace for their best week since july >>> and there's a live look at the house hearing on digital assets where crypto execs are testifying on the challenges and benefits of crypto currencies and stable coins the ceo of circle is among those testifying and we will speak to him on this show ahead stay with us - [announcer] this holiday season, give the gift of grubhub. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane wo

what are cyclicals, caterpillar, honeywell, industrial stocks financials like american express, energy stocks like chef ron. they are leading the dow higher today. what is lagging? a couple weeks ago when everyone was worried about the fed and omicron breaking out defensive names were doing well. but they are lagging consumer staples, like coca-cola, merck, walmart, even apple issing laing a little bit. apple was the outperformer you see the rotation going object into the cyclical groups? revery healthy the bull market is winning out -- the bull market narrative is winning out. the basic idea here is omicron is highly contagious but for those fully vaccinated with booster it is not as dangerous that's the narrative that's winning right now. there is not going to be a bass shutdown in the united states. you can see that right now bottlenecks and supply chains might ease in the first half of 2022 if there is no mass shutdown f. that happens, the bottlenecks and the supply chains ease, the fed might be less aggressive on inflation attempt, consumers stay strong and earnings stay strong no

but we are seeing defensive sectors, banks, gomez, jp morgan, and largely industrials, like boeing, honeywell, american express, also a major financial. those stocks were holding up relatively well with the exception of one or two days starting to see selling in that. meantime, big cap tech is down, but down in line with the market it is not moving dramatically worse than the overall market. where are we at? most of the damage since powell started turning more hawkish at the end of november -- i think a lot of this is concerns about withdrawal of liquidity -- we are seeing most of the damages in technology stocks, semiconductors, software, cathie wood's arc innovations fun down. fundamentals are holding up well consumer staples, health care stocks for example utilities are up 5.5%. they are the ones holding up what we have got to watch out for now, guys is what's going on with all the cyclical names out there, particularly the banks and the industrial names those could be a real next weak point that we are seeing guys back to you. >> we will watch those, bob. thank you. let's also check on oi

long dry spell of value stocks, what are value stocks companies look boeing, industrial names like honeywell, banks hike fifth third or jp morgan some of the consumer names, like wallet business me also value stocks they are doing well. they have had a tough time over the last weeks under the omicron variant. growth or technology stocks have had a great year and semis have had a fabulous year. you see them sort of underperforming. somewhatics inned. applied materials and micron and other equipment manufacturers are weak today good little rotation going on. that's my point. chinese stocks moved down in the middle of the day. i reported at 1:00 p.m. eastern time the s.e.c. is getting tougher on chinese companies that list in the united states they want access to the audit reports. chinese regulators are not giving it to them. under a new law these chinese companies that list in the united states could be delisted if they don't cooperate with u.s. reg will iters. chinese stocks to the downside courtney, back to you. >> looking at the sunny side. >>> now to the bonds market where the ten-year yi

we will get a check on home prices >>> caterpillar is the biggest gainer nike and honeywell are the biggest losers "the exchange" is back after this what is... an overpass? come on! question, is that an “s” or a “5”? think it's a 5... i thought so. argh! frustration...loading. [sfx: laser sounds] nobody wants more robot tests. but we could all use more ways to save. chai latte, for “rob ott.” for “rob ott.” error human. [sfx: laser sounds] switch to geico for more ways to save. what does a foster kid need from you? to be brave. to show up. for staying connected. the questions they weren't able to ask. show up for the first day of school, the last day at their current address. for the mornings when everything's wrong. for the manicure that makes everything right, for right now. show up, however you can, for the foster kids who need it most— at helpfosterchildren.com mom, hurry! our show's gonna start soon! i promised i wouldn't whmiss the showt— and mommy always keeps her promises. oh, no! seriously? hmm! it's not the same if she's not here. oh. -what the. oh my goodness!

. >> american, press and honeywell. >> bristol-myers >> joe, i'm interested in what you think. joe, you are a sports fan. therefore, i think you know the gaming world i was at the giants game and i would have called them the eagles game because we were so horrible and i see these banners and at $9 billion are you getting anything for free when it comes to wynn >> joe's shot is frozen. steph -- >> joe's shot is frozen? >> no, it's not. he's stunned by my question. >> he's a stunned man and not like the islanders who i thought was supposed to be so good. >> they're so bad. >> steph, how about the point? >> i think that they're getting no credit from macao, and i think you're getting that for free i do think their las vegas and boston properties are totally underappreciated they had record ebitda in the month of october in las vegas and no one thought about it and no one wrote about it and it was quite optimistic about the whole sports betting business and they might scale that back because they see so much growth in the states we are seeing stabilization. at nine times ebitda the

honeywell forge. analytical software that connects assets and people to deliver a cybersecure record of your entire operation. so that everyone, in your boardroom and beyond, speaks the same language. honeywell forge. industrial grade software. >>> breaking news from american airlines, let's go right to phil lebeau hey, phil. >> reporter: joe, we've got a leadership transition taking place at american airlines, the company announcing long-time ceo doug parker will be stepping down from that position starting march 31st of next year. he will retain the title of chairman of american airlines. his replacement, his long-time lieutenant and the president of american airlines, robert isom, he will become ceo effective march 31st so you will have robert isom as ceo march 31st, doug parker remain as chairman these two go back a long ways, talking about american west together in the mid to late '90s robert isom prior to being president of american airlines was the coo when american came out of bankruptcy and w

because it kicked out pfizer and exxonmobil two of the three stocks and raytheon and replaced by amgen honeywell and cost a lot with amgen in there instead of pfizer. >> dow underperformed for a decade or so there's a piece on cnbc on the stocks that wall street is bullish on in the dow. nike, consensus there. salesforce goldman sachs in there maybe 2022 is the year for the dow. time now for a cnbc news update with rahel solomon. >> here's what's happening at this hour. actress betty white has died at 99 she had a tv career that won eight emmys. starred in three hits. she was also a regular on many tv game shows including pooshd, match game and $25,000 pyramid president biden commented on her lasting popularity. >> it's a shame. she was a lovely lady. always wonderful. >> always loved betty white. we are so sad about her death. >> 99 years old. my mother would say god love her. incredible. >>> iran said the space launch failed to put the payloads into orbit. >>> and another new year's celebration for you. hong kong ringing in 2022 with the countdown and fans cheering on concerts by pop bands bac

crushed recently, disney with a terrible time with a good time the banks generally down industrials like honeywell down. bouncing back and the retail names like ross stores value stocks all bouncing nicely today. nice rotation. out of what? tech stocks and particularly semiconductor just the answer to every problem on covid is buy semiconductor stocks they're flattish today even though the market is up nicely it's a big deal if omicron produced milder cases. we don't have strong evidence of that supports the idea that each successive wave is less deadly and you have the vaccines probably the major factor in that but wall street looking on the bright side today. >> bob, thank you so much. strong rally today and holding in this final hour of trade >>> let's check the individual market mover just boeing a major part of the dow's rally after chinese authorities clear the 737 max planes to take off again. it is up 7%. >>> uber shares surging with ubs with a buy rating. up 6%. jim cramer spoke about both in the nsting club newsletter today. to sign up head online or point the phone at the qr code on the

honeywell, 3m. c caterpillar, boeing. the s&p is 3% off of its high. but very large parts of the s&p, particularly the cyclical sectors have been hit very hard and worse in the last couple of weeks. mega cap tech, we all keep talking about this, has held up relatively well. you see apple is only 3% off microsoft, alphabet. some of the big semiconductors are down in the double-digit range, but not that dramatically we want to watch how the fed statement changes. we've got the powell pivot we know he's going to change the transitory sentence in there but is it going to be more or less aggressive or hawkish and the ppi numbers is not going to make the fed's job any easier david, back to you. >> thank you. >> that's totally right. exactly right. look, it's just -- >> getting endorsed by jim cramer. >> that's what's happening once we get through the fed. a lot of people are already trying to say, listen, some of these stocks -- it's pretty early in the day i don't know whether the stock -- >> well, capable is rebounding at least we got that going for us. >>

honeywell is a bit on the weak side finally, big cap technology stocks are down. they're sort of dmoun line with the overall market i think the big worry for the stock market today is the fact that cyclicals are getting hit hard this is another sector in addition to technology that is completely different and when you see that weakening, the only thing left helding up the market is the defensive names we'll have to keep an eye n. that back to you >> yeah. utilities and staples now faring the best bob, thanks. >>> up next, liz saunders to weigh in and whether she sees in i opportunity amid the weakness in recent sectssions carnival weighs in on the travel sector we have 27 minutes left of trading. ♪♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪♪ to be...unstoppable. that's why millions rely on the strength and financial guidance of prudential to achieve their dreams. who's your rock? ♪♪ ("jingle bells") who's your rock? ♪ (doors knocking and bells ringing to the music) ♪ - [announcer] this holiday season, give the gift of

other top dow performers include microsoft, honeywell, salesforce, cisco and procter & gamble as investors opt for these names. dow losers include goldman sachs, amgen, caterpillar and disney. consumer discretionary and financial sectors lower. today's inflation reports show gas prices up 6.1% for the second month in a row. and, look, there's no guarantee that stocks will continue to rise as prices rise. in fact, it's a bit of an anomaly today, and remember, the cpi report is only likely to push the fed to move more quickly to tighten down the reins. neil, back to you. neil: charles payne is here, "making money," host. that fine show comes up right after ours. i'm sort of like your opening act. [laughter] you and i are probably the only -- >> yeah, yeah. neil: what do you make of the market's reaction, first off? >> i think part of what gerri was saying was participant of it. yesterday the nasdaq got shellacked, the anxiety it was going to be a much higher number. i was thinking 7, even higher. is so i think some of it was, this is sort9 of a sigh of relief, you know? if listen, powell's a

down winners on your screen, coca-cola, honeywell. s&p 500, eli lilly, big gain, and so is that. adobe tops the nasdaq winners list. the big winners on the exchanges. big board down 43, right there at 35,500, the 10 year treasury, the yield, one.46%, the price of gold, display the 9% producer price inflation level has gone down $6, $17.65. bitcoin floundering around 47,400, oil, 71, 72, $70 per barrel, natural gas is not cold enough to get the price up there. it is $3 as we speak. the average price of a gallon of regular, we always quote the california price for you to see how they were suffering, $4.67 for regular in the formerly golden state. not laughing at them but as rain falls -- question. is president biden the perfect president for this moment in time? speaker pelosi think so. role tape. >> our country could not be better served them with his most experienced, capable hands than yours, president biden. stuart: of it or mike huckabee will address that. i can't wait to see what he is going to say about that. according to a writer for the atlantic if you're unvaccinated you

the strong ter case gets so, i think we've learned our lesson i mean, you've heard it from the former honeywell chairman, can i remember davos, a couple years ago telling you, we've gone to a locally sourced bottle i think that will be pervasive even in the technology sector where the margins are fat. i think we will start moving away from that that will start to gain momentum in the 2020s, but, you know, that's been my view for some time and this pandemic was just such a shock, i can't see how companies would still continue to rely on china for, you know, for their manufacturing needs. >> you have a very good memory, whipping out quotes from interviews on "squawk box" two years ago. barry, let's talk a bit about what happens with the markets. we have now seen three years in a row of very good gains for the major averages dare we think we will get another one next year in an environment where we know the fed has been tightening? >> i was listening to scott yesterday trying to pin down his crew at halfway whether it's over or under ten. i'm sort of at ten i think earnings growth will be strong b