john and i looked at ibm versus snow flake who would have thought a year ago that ibm would have outperformed the darling of silicone valley like snow flake. i think ibm in particular, something that's always dogged the company, is it a value trap, right? yes, it's outperformed over the last year, but over the last decade plus, it's done nothing you see a glimmer of hope. it hasn't been sustainable we will talk more about this later. but could that play book work next year? we know investors are valuing profits, dividends over growth so these are sort of prime areas for it. >> right. >> if you are looking for secular growth, i don't know they may be actually they may be. there are some interesting turn arounds like the one at ibm. >> i got some of this research from, they consider a stock like verizon and ibms as basically a bond you know the revenues will be stable but the dividends separates it from other stocks because you know that will come in, an ibm or verizon you are generally pretty sure they will not cut that dividend, so it gives you some certainty about return there when it comes

ibm also does the same thingso l i prefer ibm over accenture. home depot the great box retailer and starbucks and put up many more stores in china you want to buy that aggressively it was down today and honeywell, climate control. industrial food and beverage company. we've got an absolutely fantastic big box retailer we have ibm. we're going to say no to accenture because ibm is doing better and we have a health care company we'll add is eli lilly i think that's the best. i'm going to come back on accenture. now let's go to richard in new york, richard? >> hi, jimmy chill my five stocks are boeing, apple, broad come, john deere and nvidia am i diversified merry christmas. >> i'm liking it i like that sweater, too remember the ugly sweaters that's a good looking sweater. bad quarter comment for apple. said it yesterday in my conference call for those who are members of the club. nvidia up 40% in october but probably a little exhausted but make the finest chips in the world. deer is my favorite industrial broadcom with a knockout quarter. this is

. >> i'm so seasoned ibm -- i know shannon is ibm as far as i know, right that's going to be one of her picks. >> you've been in it for 30 years? >> i've been it in the mid-'90s and early '90s back when i was a novice stock picker everyone owned ibm. i have to tell you 20 times over the last three decades i wanted to hit the sell button thank god this is the one year i didn't it's the only stock -- take a look at it right there up $1.40 on the day and almost 6% on the year i'm sure i'm like a lot of people you hold something and you're ready to settle on one thing and i just can't, and i'm glad i've held on. >> it's up 6% year to date shan, what should al do with ibm here he's been tempted sometimes that finger has been on that cell button but he hasn't pushed it >> yeah, this stock is all about execution, al, and they're paying a dividend more than 4.5% which is comparable to what we're getting in t-bills which is a lot different than the rest of the stock universe. the pride of ibm is their consulting business. as long as they can continue to innovate they're going to be able to conti

edward: my grandfather said invest in ibm. i guess it is back. markets mixed today finishing the year in the red as the fed tries to stabilize inflation. with me are capitalist pig hedge founder jonathan hoenig and david wagoner. we are getting close to the end of the year, david wagoner, how much longer will markets be on this downtrend? today it is up. >> this evolved with it. this could be more true heading into next year. as many people continue to push the stock somewhere where they are more pro-wall street than pro main street. last year investors curbing their enthusiasm, this theme played out has we saw the antiquated portfolio, the worst year since 1937. i don't think we are done yet and that is why i mentioned our theme for 2023 is a market in constant sorrow. the next market will continue to witness the transition from inflation to growth frustration. not only that but i expect policy response to remain heightened to avoid the mistakes of the 1970s and more purchase on it, or hold mentality, keeping their policy and territory. >> you l

. >> i love ibm. i love it. stuart: what's so good about 'emsome. >> i don't know, it's just, maybest old tech, maybe it's just that sense, but there's a lot going on at ibm in terms of the future, in terms of where they're going. you've seen the recent news out that, what they've done, but you've also seen the sock up i think it's trading near the highs. i didn't see it yesterday, 150 or somethingsome it acted very nicely today. it's a big dividend payer, it's a solid name, and i think it's going to continue to outperform. stuart: all right. merry christmas, kenny. you're on tape with ibm. >> and to you. stuart: see you later. hanks a lot. >>> new polling shows president biden's popularity among democrats is improving. 40% of likely democrat voters want biden to seek re-election. that's up from 25% just this past summer. todd piro with me this morning. the poll also shows younger voters overwhelmingly want someone else to run for the presidency. looks like they want a new generation of leaders. >> hear my take

i think that's -- sort of a remarkable -- we've seen accomplish at ibm. you're right it's been difficult. accelerating ibm's transformation although at the summit generous complementing satya nadella, what microsoft has done but what he's done, stock up around 50%, but half of his revenue now is software and consulting solutionse you would have thought hardware and heavy met until years earlier. cash generation doing well he's -- it's really been quite a successful reign and a full suite of software solutions and doing quite well as he's forged great partnerships that's been terrific even with microsoft through azure and others i think that that's been, i think, a surprise to many in what's been a tough year on the stock market and a tough year, of course, for technology. microsoft really is, and ibm, stood together as towering above the pack. >> get to the ceos in the hot seat elon musk. actually you think binance's ceo, and ask you why, should mark zucker begg be on there not short to citigroup you think number three i'm confused why >> i know. you can

and ibm is up 5% on the flip side, more of those kind of newer start up names in carvana and vroom. affirm is down 91. of course coinbase as well it's just been a gut punch of a year for those cutting edge type of stocks. i mean, nobody is talking about t-mobile and ibm shaking things up but a lot of folks left box by the wayside after that activist pressure but some of those slow and steady it is the year of the tortoise. >> ibm, cisco, s&p, all of them having strong quarters i see a difficult few vehicles really, i think it depends on the exact business i was talking about this yesterday especially when it comes to the enterprise names under pressure it is about what do you do are you multifaceted ibm and cisco provide multifunctionality. >> frank holland this morning. >> wait, before you go, i notice you guys connected on the pound yesterday on the first try. >> yes indeed, yep. we made that work, frank we'll talk to you in a bit let's continue this conversation bringing in david katz, bullish on technology. it is great to have you. it sounds like you are willing to say there wil

ibm had a fantastic year this year. it's one of my favorites and i think ibm is going to be one of those names you look at next year as well. lauren: kenny, thank you. coming up remember this scene in one of the best christmas comedy ies? >> what are you looking at? >> oh, a winter's mourn, in bathroom emptying a chemical toilet into my sewer. lauren: i think something seriously is wrong with our producers and all these movie clips they are giving us. police in shepherdsville, kentucky were called to a scene of a man allegedly exposing himself outside a home and yes we have those details and there's this , the senate passing a $1.7 trillion spending bill with help from republicans in the house. they vote today. i wonder how missouri congressman jason smith is going to vote and we're going to get this answer. ♪ ♪ what will you do? ♪ what will you change? ♪ will you make something better? ♪ will you create something entirely new? ♪ our dell technologies advisors provide you with the tools and expertise you nee

. >>> now take a look at snowflake and ibm. diverging by more than 85% over the last 12 months, snowflake hit an all-time high of just 400 bucks a share last november. 12 months ago, both company his market caps around $100 billion. take a look at the current market value ibm is at 134 billion and snowflake is 35, and enterprise software and enterprise tech in 2022, but more important, carl, is what happens next not sure what's going to happen in '23, but it's probably not going to be the same as 22 >>. >> well, jon, the reason i like contrasting them and ibm is extremely buzzy and an old legacy name that has outperformed and we're looking at a ten-year of ibm which is also helpful and hasn't created a lot of value over that timeframe and your question is good what happens next is that the legacy plays that are going to continue to update and do better than the buzzy snowflakes of the world, we'll see, continuing this conversation and our next guest pointing out and if you have a forecast for 2023 it started to come down for th

ibm. let's create ♪ icy hot pro. ♪ ice works fast... to freeze your pain and your doubt. ♪ heat makes it last. so you'll never sit this one out. icy hot pro with 2 max-strength pain relievers. >>> welcome back to "fast money. casino stocks delivering mixed results to investors the moves as gaming got hit with drastic and one predictable covid restrictions in china. what's in store for 2023 contessa brewer has the playbook. >> casino companies are getting ready with a lot of changes. first, in macaw, borders have re-opened. concessions have been renewed. millions in new investments have been promised. all this how about the fuel for the mother of all pandemic rebounds but the covid surge across china is reigning in expectations for an immediate boost in tourism, so patience will still be a virtue secondly, what recession casino companies across the united states keep doing a booming business, inspite of inflation that seems to affect other areas of consumer spending boyd, bally's, pen

so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create katie: i'm katie greifeld in for jonathan ferro, this is "bloomberg real yield." time for the auction block. for the word of the week and probably the month is slow. we star in europe, primary market participants think the holiday season is already here, that group mean to a standstill this week with no new deals pricing yesterday or today. over in the u.s., the same story, weekly volume at $4.3 billion, lining up to be the slowest december in at least the last 15 years. if you are looking for some activity, you have to go to sovereigns and back to europe for barclays government bond -- -- net issuance rising to 500 million in 2023, a record high has the ec

are we talking about the cisco's and ibms or the salesforces and the snowflakes because the salesforces and the snowflakes have long dated growth so they're immediately impacted -- >> everybody is being put in the same basket. you don't even mention the megacaps what about them? >> those are independent, right? facebook has very different dynamics than netflix. i think this goes into the work is hard this year. one of the things on quantitative tightening i know you and have been playing around with this, too, and i've been thinking a lot about it. the reason we haven't been focusing on it is it's not like a bomb that drops. quantitative tightening is at $95 million a month slowly being drawn out, drawn out, drawn out. so i don't think it has an immediate huge disrrptive impact on the market. what it does is take dollars out of the economy, which caps the growth on riskyats esets we did a fun exercise in my office where -- this is my version of fun but we ran single stage growth models and let's see at 4%, 5% and looked at what the expected values were base on those. and it's an interes

for every ibm or oracle or b tocks. "mad money" is back after the break. >>> coming up, hop off the grid amd on the trail of profits. crer sits down with a powerful interview with a major utility, next oots" has been nominated for best animated movie of the year. ha! ha! and it takes the "shrek" franchise to exciting new places. i am on my last life. it will strike a chord with movie goers of all ages. when you only have one life, that's what makes it special. rated pg. only in theaters. ugh, this rental car is so boring to drive. let's be honest. the rent-a-car industry is the definition of boring. and the reason can be found in the name itself. rent - a - car? you don't want a friend. you want the friend. you don't want a job. you want the job. the is always over a. that's why we don't offer a car. we offer the car. ( ♪♪ ) sixt. rent the car. >>> last week we ran through the best performing stocks over the past year and one surprised me, pg&e, the second biggest winner in the second strongest group. they are up 31

second place is apple then ibm and general general motors and whirlpool. stu: ibm was no. 3? lauren: yes, last year every company in the top five was tech and that's not the case this year. tech is down a lot. stu: yes, it is, i know that . thank you. now this -- i can't believe this, florida's busiest airport could soon run out of fuel. pilots are being told, hey, fill up your tank before you get to orlando or else you might get stuck there. who would have thought. spacex blasts off from cape canaveral with cargo headed to the moon and nasa wants to know if there's signs of water or ice hidden inside craters and we have a report on that for you. the white house insist they did not have a choice between who to bring home in the prisoner swap with russia, but my next guest says he has evidence that brittney griner was prioritized over ex-marine paul whelan and he'll make his case next. ♪ so... i know you and george were struggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath p

ibm. let's create >>> dow's down about 360 let's check in on the chip stocks smh, on pace for back-to-back losses and first monthly loss in three as stocks in the space continue to see pressure nvidia, the etf's second largest holding, 10% of the fund, getting top pick by bank of america as they say they see fewer estimate cuts for the sector going forward the stock's also a top pick for evercore and cowen that said, it's been an underperformer this year nvidia down almost 2%. >>> meantime, let's get a check on another sector that has been caught up in the selloff, industrials. kristina partsinevelos joins us with a breakdown for us. >> yeah, industrials are continuing to fall they fell yesterday over 2.5% lower. investors are worried. maybe reflecting that companies may postpone expansions, may produce fewer goods. in turn, demand less input resources. the sector is on pace for its second straight weekly loss. i want to zoom out for a second so we could actually trade this. you can see th

so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create hello, world. or is it goodbye? you know, it seems like hope and trust are in short supply. [clap] now, as businesses we can blame and shame. or... [whistles] we can make a change. [clap] we can make work, work for our communities. create more equal opportunities. [clap] it's time for business to show its true worth. because it's not goodbye, world. it's hello, team earth. [clap] >>> welcome back to "fast money. disney, the stock tumbling almost 5%, now up 35% in the last five session. it's just two cents from the lowers level since march 2014, a disappointing weekend for "avatar the way of water." is there any magic left here in the kingdom? >> if i look a

ibm. let's create from one company committed to building a world that works, to three that will focus on a future that does too. this is ge healthcare, creating a world where healthcare has no limits. this is ge vernova, helping generate and move the energy that our world needs. this is ge aerospace, advancing flight for future generations. this is the next generation of ge. >>> welcome back to the show time for the "wex wrap-up. six stories as we close in on the 6:00 hour. china cutting traveling quarantine requirements for travelers next month. >>> and two of sam bankman-fried's colleagues pleadi pleading guilty and agreeing to cooperate. >>> ukrainian president volodymyr zelenskyy wrapping up the visit to washington, d.c. with the plea to congress to continue supporting his country's fight against russia. >>> sticking with congress chuck schumer says agreement on the $1.7 trillion spending bill could be reached this morning ahead of the midnight deadline >>> and under armour taps marrio

ibm is investing $20 million in poughkeepsie, new york. these investments build the strength of the supply chain in america. i want to be clear, as we build a stronger supply chain, our allies and partners are building alongside us as well. some of the companies here today are customers. some are suppliers that are going to help make these chips. they all depend on a strong supply chain. that's why we're doing what we are doing here in arizona. and it matters across the country and around the world. folks, as we see here in phoenix, the united states is a top destination for companies across the globe looking to make investments because we have a world-class, highly skilled, committed workforce. union labor. [applause] you can clap for that. more than 3000 workers are helping build this fab. to second fab was built with union labor as well. we are working with companies, technical schools, union led apprentice and training programs. i had a conversation with the business roundtable, all the major chambers of congress, the reason white busi

look at ibm, a good year for the company, they beat their large tech competitors, ibm up today as well standing at $142 a share. tesla has suspended production edits shanghai plant as covid cases spread to the company. there is just one day before planned 8 day production halt anyway. the temporary pause comes after a recent slowdown in demand for the cars. that production will resume monday, january 2nd. starting january 8th china will stop requiring inbound travelers to quarantine. shows a major step in the country easing restrictions, they have an mostly lockdown since 2020. china's management of covid will be downgraded to category b from the current top level category and so some progress being made. the latest twitter file dump reveals the trump and biden administration tried to suppress views on social media related to covid 19 contradicting the mixed messaging from biden's white house. watch this. >> we are in regular touch with social media platforms, those engagements typically happen to members of the senior staff and members of our covid 19 team. >> we were not involved. we

ibm. let's create millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees.

ibm. let's create >>> welcome back expectations for the new york city office buildings to come back to life and fill with people turns out it is not happening like that. in many cases, offices are less than 50% occupied and it is creating a crisis of zombie buildings. robert frank is joining us it sounds like the start of the horror film. it is scary for the economy? >> if you look at the reit stocks, it is a horror film. over 1 million square feet of leasable space that is equal to 40 empty empir state buildings. that number basically has not moved since september. the big worry right now is layoffs. especially in tech the meta and amazon and google and twitter among the leasers of space during the pandemic. meta is laying off 800 employees in new york and it is vacating 250,000 square feet of new space. and twitter is laying off and unclear what it will do with the space in chelsea amazon is cutting space in hudson yards as well the class of buildings are fine, but analysts saythe older

ibm is investing $20 billion in poughkeepsie, new york. we just went up there. these investments build the strength of the supply chain in america. i want to be clear, as we build a stronger supply chain, our allies and partners are building alongside us as well. some of the companies here today are customers. that will buy these chips made here. some are suppliers that are going to help make these chips. they all depend on a strong supply chain. that's why we're doing what we are doing here in arizona. it matters across the country and around the world. folks, as we see here in phoenix, the united states is a top destination for companies across the globe looking to make investments because we have a world-class, highly skilled, committed workforce. union labor. [applause] you can clap for that. more than 3000 union workers are helping build this fab. the second fab was built with union labor as well. we are working with companies, community colleges, technical schools, universities, union-led apprentice and training programs. i had a conversation with the busi

ibm. let's create crossing the tape estimate was for 225,000 we came in at that 225,000 on nose for that is a rise about 9,000 jobs, from the week prior, according to the survey, as for continuing coming in 1.71 million, that is for highest on continuing since february the estimate 1.686, that came in hotter than expected. now headlines we are watching this morning, as the after deedliest storms in decades buffalo, new york still clearing out snow, the storm responsible for the deaths of 37 people also brought power outages canceled flights dangerous driving conditions in after math of the storm look at this niagara falls frozen over waterfall completely covered in blanket of snow inches of ice stay with fox weather for extended coverage of the latest on this storm. >> the u.s. virgin islands suing jpmorgan for turning a blind eye to former client epstein's sex trafficking alleges jpmorgan concealed wire and cash transactions that raised suspicion, specified damages for violating sex traff

so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create ♪♪ for skin as alive as you are... don't settle for silver. harness the power of 7 moisturizers & 3 vitamins to smooth, heal, and moisturize your dry skin. gold bond. champion your skin. >>> take a look at nasdaq 100 laggards marvel and nvidia, micron, asml. plenty of laggards to choose from because only seven components are in the green. back after a graek break ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq

so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create if you run a small business, you need the most from every investment. that's why comcast business gives you more. more innovation... with our new gig-speed wi-fi, plus unlimited data. more speed... from the largest, fastest, reliable network... and more savings- up to 60% a year on comcast business mobile. all from the company that powers more businesses than any other provider. get started with fast speeds and advanced security for $69.99 a month for 12 months. plus ask how to get up to a $750 prepaid card with qualifying internet. >>> breaking news overnight. hong kong announcing more covid-easing measures. meantime there are new rules for travelers arriv

ibm. let's create you're puss in boots? normally i have a sword. -ok? ♪ ♪ i need that wishing star to get my life back. it's like a possum crawled on your face and died. please, mock me quietly. >>> welcome back to the half time report. i'm kate rooney. here's our cnbc news update at this hour. draft recommendations from the fda say patients considering lasik eye surgery should be warned of complications. more than half a million adults undergo lasik surgery to correct poor vision. many surgeons suggests the risks are being ignored by the fda >>> the alleged debts add to a growing number of chaos. in the last month or so ye has claimed four of his personal accounts have been -- and zelenskyy named time's 2020 person of the year scott, back over to you. >> appreciate that kate rooney, thank you very much wolf today is downgrading some travel stocks. so let's talk about this booking holdings on their list they get off relatively easy, okay they get downgraded to peer perform, 1500 to 2500 is the fair value range for shares according to wolf. expedia a

ibm. let's create - [narrator] if your business kept on employees through the pandemic, getrefunds.com can qualify you for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. getrefunds.com has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to getrefunds.com powered by innovation refunds. >>> welcome back time for the "wex wrap-up" as we close in on the 6:00 hour. twitter suspending the accounts of several journalists covering the company and elon musk. elon musk says the moving is they were following him by his private jet. >>> senate approving a one-week stop gap bill giving lawmakers more time to pass the federal package to fund the government for the year. >>> and adobe with better than expected results and guidance for the quarter. adobe is up. >>> ftx founde

intel $20 billion doing the same in ohio, ibm is investing $20 billion in poughkeepsie, new york. and these help to strengthen the supply chain in america. i want to be clear. as we build, our allies are building alongside us here. some people here today are customers that are going to buy the chips and some are suppliers, going to help make the chips and all depend on a strong supply chain and that's why we're doing what we're doing in arizona matters around the country and around the world. folks, as we see here in phoenix, the united states is a top destination for companies across the globe looking to make investments because we have a worldclass, highly skilled committed work force, union labor. and more than-- you can clap for that. [applause] >> more than 3,000 union workers, most highly trained and best in the world is helping build this fab, the second fab we built with union labor as well and working with companies, community colleges, technical schools, universities, union-led apprentice programs and training programs. i had a conversation with the business round table

ibm. let's create when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will releas

ibm. let's create >>> ftx in focus again on capitol hill this time, the senate banking committee holding a hearing. yesterday, ftx's new ceo testified before house financial services he said, ftx committed "old-fashioned embezzlement." >> enron was really a different company. it was -- crimes that were committed there were highly orchestrated financial machinations by highly sophisticated people to keep transactions off balance sheets. this is really old-fashioned embezzlement this is just taking money from customers and using it for your own purpose. not sophisticated at all sophisticated is perhaps in the way they were able to sort of hide it from people. frankly, right in front of their eyes >> meantime, bankman-fried denied bail as a flight risk and remanded to jail until february. >> they're approaching this, we have to admit, with some real seriousness. that gentleman was just fantastic. i thought he was great, because when you say that it's just embezzlement, it's right in front. wh

so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create ♪♪ for skin as alive as you are... don't settle for silver. harness the power of 7 moisturizers & 3 vitamins to smooth, heal, and moisturize your dry skin. gold bond. champion your skin. as a business owner, your bottom line is always top of mind. to smooth, heal, and moisturize your dry skin. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost you

so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >> the following is a paid program. the opinions and views do not express those of bloomberg lp, its affiliates, or its employees.

so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create just look around. this digital age we're living in, it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have it and now a lot more people can. so let's go. the digital age is waiting. >>> all right, we're back talking ability tesla. it is trying to mount a rebound of sorts it was up early morning, then it was now, and now we'll just call it flat. it would be its eighth straight day of losses. that would be its worst losing streak ever. joe, you were with me in overtime yes

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so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create alix: an update on the breaking news around peru. peru's congress improves -- approves impeaching the president pedro castillo. pedro castillo wound up dissolving congress. congress has approved impeaching him. this is a mess. it will take a while to sort out. sherry says this is happened many times and it is a favorite way to get the president out of the top seat. it seems that the congress has improved -- approved impeachment of pedro castillo. john: 72% of the data point today, how much canadian tech player shopify stock has declined this year. making it the worst performer in the technology center. -- a sector. analyst are not expecting a turnaround. sh

ibm. let's create ritika gupta a look at some of the big -- ritika: a look at some of the biggest business stories. unilever considering selling its portfolio of ice cream brands. brands such as prayers and klondike could bring as much as $3 billion paid ben & jerry's and magnum would not be part of the deal. the ceo has indicated unilever would look to divest certain underperforming businesses. credit suisse's 4.2 billion dollar capital raise set to sail through after looking shaky as recently as last week. bloomberg has learned lenders were arranging the deal expect investors to take up well above 90% of the stock on offer. credit suisse trying to shore up its balance sheet after billions of losses in the last two years. in the u.k. parts of restaurants have suffered christmas party bookings -- a plunging christmas party bookings due to the rail strike. one large pub chain said one in five bookings had been canceled across its business. that's your latest business flash. guy: trains will

if you look at even last -- look at what performs, look at ibm or the value to perform well over the growth, i still think growth will be in the conversation, but some companies are going to have to have a little bit of change look at netflix, one of the things we owned a lot in 2021 but had some trouble netflix had some trouble and had some competition that's risen up and they have to do things to shift. they have done that. adding advertising to their streaming. now that's a huge different model we have not seen from that the makeup will shift. where it shifts to is a big question that's why we will continue to do our research and find the best companies that will continue to do well going forward. >> thanks for the insight. great to see you i'm conflating also. thanks for the holiday gift idea. >>> and coming up after the break, the eu versus big tech. how companies such as meta, google and apple will be impacted by new laws and what it means for growth "tech check" is back after this. >>> tech companies are bracing for the impact of new content moderation regulation out of the eu

so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >>> welcome back to "power lunch. one lesson we learned from the financial crisis was that sports valuations rarely fall, even in the worst of economic times. 2023 could put that to the test. a tech giant has spent billions to get into the sports business. we had an nba team sold for a record $4 billion. a sports licensing company, fan attics can it keep going or will this time be different. george, it is great to see you and do you think the industry can hold up this timearound as well >> great to see you, kelly and happy new year absolutely, sports for 30 years has grown a double digit gainer. so, it has been a very resilient class. i feel like the phoeni

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but up ibm stephen. this button you 3 chip, i need fietta. we see that the 1st thought published with all those you could give me when you might want to deal with that. i get you when you deal in the couple of these car need you to write a hole in the video. one of the units here about the clipping you will see the use of when you uh when quarter. okay scored every month. sure. a fortune with them. and we've my name is austin, sort of middle, the national garage because i'm talking to someone did me shoot rick, i'm smith, margaret, i'm losing my sure machine. bring it to your machine. i'm wait for cars when for a mikey sober on the e name and some and did but it will it more the better on them a chest machine. yep. when you look a trouble with us, come on a friday, but you'll get those can smell a ah a new virus on the chrome since lucille starving. so believe you're spreading around when we finally is that the virus mostly just the app to your upper respiratory. it doesn't go into your level, so that's why the symphonies relatively in mind,

. >> yesterday, we were looking at ibm versus snowflake a year ago, they were at $100 billion market cap since then, which probably would have been surprising, snowflake has massively underperformed while ibm has created massive value. who would you bet on >> as a growth investor, you have to look at the difference the stalwart standard giant for a while has been a value play for many of us for a while that's someone doing well in 2022 if you look going forward, as i mentioned, i still want to lean on growth going forward. i still want to look at snowflake, the valuations come down to a more favorable range and they have to do things to grow in a time of interest rates being higher that's an area where i would still look at snowflake. i still think you have to wait a bit, but i would bet on snowflake in the further term. >> part of this narrative has to do with, you know, growth at any cost and some of the growthier names like snowflake and others have improved their bottom line and valuations have come down so much is the idea that you would bet on a snowflake, you think they are bo

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ibm. let's create >>> happy fed bank the central banks set to raise rates again. what does it mean for your stocks and your money? we've got the an core vision with the cio of calstrs. >> no bail for the scammer behind bars as they're calling it one of the biggest financial frauds in american history. >>> and shutdown averted congress may have a deal to keep the lights on in dc. it is wednesday, december 14th this is "worldwide exchange. ♪ >>> welcome and welcome back, everybody. hope you're having a great start to your wednesday. thank you very much. i'm brian sullivan let's get right to it. stock future, this time yesterday, they were up a little bit like they are now. the softer inflation -- remember inflation is not coming down the rate of increases is coming down there's an important distinction there to remember. prices still high. either way, stockmarkets were set to rorkt dow futures down 900 points, opened up soaring and came back down to earth. quite the reversal more than 2% dow futures up about 80 points right now. we'll get more on the markets in ju

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so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market. >>> we are now in the "closing bell market zone." breaking down the crucial moments of the day plus christina joins us and jeffrey's michael ye on biotech picks. bob, we've seen a bit of improvement in the final hour but two narrativ

ibm may come out with a quantum computer in two years. that is investable. we look at that in that sense. charles: i love the quantum computing. november 26, "barron's" the quantum leap. feels like it is close. you see where america leapfrogged japan or china with the fastest computer out there. we know everyone working on this will solve all their issues. this does feel a lot closer. when you see it on the cover of "barron's," these other things, is it a sign maybe people should at least become more aware of them? >> well, i think that it exists already, right? charles: right. >> you can use quantum computing for encryption and cybersecurity. you can't encrypt quantum computer. it takes traditional computer 10,000 years to do. that already exists, right? charles: wow. >> next couple years to al ply it to larger things, health care, generate data in seconds. better defense targets, to have the correct credit score at a bank when giving somebody a loan or reviewing a hedge fund's history. quantum computing allows calculations quickly t brings efficiency to th

so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create ♪ ♪ well would you look at that? ♪ ♪ jerry, you've got to see this. seen it. trust me, after 15 walks it gets a little old. i really should be retired by now. wish i'd invested when i had the chance... to the moon! [golf ball bounces off rover] unbelievable. ugh. [ding] >>> welcome back to "fast money. another check on today's big market sell-off. stocks dropping on increased fears the fed's rate hikes are pushing the economy into a recession. retail sales coming in worst than expected, dow dropping more than 760 points. s&p and nasdaq dropping sharply. lennar and horton and align technology leading the gains sand a couple of shares of guard ant hea

they have therefore joined in partnership with ibm, which opened a research station just outside the city in 2011. ah, once that investment is made, then you can do things like censorious a, an entire road networks and actually of collecting that data. and then once you have it, then you can actually start applying artificial intelligence to that data to make predictions, to make suggestions as well. data scientists are the backbone of a i development. they are constantly refining and analyzing a huge range of inputs to find hidden correlations amongst data from. i mean, in just a lot of data from period services with the main challenge is that the data are very heterogeneous. each tells you a small part of the complete picture in it's very hard for us to actually know what has happened. so we may be able to detect that this road is blocked, but the precise reason why that road is blocked is often obscure. often the solution lies in adding a new source of data. ibm has begun integrating posts made on twitter to its algorithms data feed. the twitter often allows you to associate geo t

ibm. let's create at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. i remember when i first started flying, and we would experience turbulence. i would watch the flight attendants. if they're not nervous, then i'm not going to be nervous. financially, i'm the flight attendant in that situation. the relief that comes over people once they know they've got a guide to help them through, i definitely feel privileged to be in that position. ♪♪ >>> welcome back to "closing bell kwls, a new op-ed in the financial times, yes, with recession risks, sticky inflation and rising debt among private firms a bubble may soon burst. so joining us now is the author of that op-ed, ruchir sharma from rockefeller international ruchir, thank you for joining us here the first question is, if these private markets are a