Citadel plans to return $5B in 2025 profit to investors early next year to constrain capital amid a limited opportunity set. Its flagship Wellington fund gained 9.3% YTD. Assets will drop from $72B to $67B in 2026. The firm has returned $32B to investors since 2017. 1m 2s

Citi's Drew Pettit sees a "risk-on" market favoring AI and cyclicals. He expects a volatile 2026 with a 7,700 S&P 500 target. His top pick is Boston Scientific for its strong margins. While optimistic about a Santa Claus rally, he warns of potential short-term choppiness. 3m 41s

David Palmer of Evercore ISI highlights casual dining as a top pick for 2026. Despite commodity inflation and weak consumer sentiment, brands like Brinker and Darden are favored over fast food due to strong value plays and early tax relief benefits. 2m 4s

David Zervos tells CNBC the U.S. is entering a high-productivity era. Sparked by COVID and "supercharged" by AI and deregulation, the economy could see 4% growth even as unemployment rises. Companies are leveraging new tools to do more with fewer employees. 4m 17s

December Consumer Confidence missed expectations at 89.1, with the Present Situation index hitting its lowest since Feb 2021. Richmond Fed data also showed sector weakness, while Treasury yields rose, with the 10-year hitting a 3.5-month high near 4.20%. 1m 59s

Defiance ETFs CIO Sylvia Jablonski tells CNBC that a GDP reading around 3.3% would be a positive result for markets. While lower than the previous 3.8% figure, meeting expectations would provide a "just right" scenario for investors looking for economic stability. 30s

Dr. Ashish Jha says oral GLP-1 drugs will revolutionize obesity treatment, reaching those who avoid injections. While upfront healthcare costs may rise, the benefits for longevity and chronic disease make this a major health win as Novo and Lilly compete for the market. 3m 1s

Ed Yardeni predicts a "Roaring 2020s" economy driven by productivity growth. Despite record GDP, he warns stimulus might spook bond markets. He views 4-5% as the normal interest rate and anticipates 10% market growth next year, though the first half may be rough. 4m 24s

FDA has approved Novo Nordisk’s first oral GLP-1 pill for weight loss. Launching in 2026 at roughly $150/month, the pill offers an alternative to injections like Wegovy. CEO Mike Doustdar expects this to expand the market for patients who are needle-averse. 1m 26s

Goldman Sachs' Daan Struyven says strong US oil production keeps energy prices low despite global shocks. Metals like gold and copper are outperforming due to Fed cuts and supply limits, while potential tariffs impact silver and copper inventories. 4m 42s

JPMorgan analyst Steve Tusa remains bullish on industrials for 2026, citing "off the charts" data center demand. He recommends buying the dip in Vertiv and favors Johnson Controls for margin growth. Dover and DuPont are top picks for economic leverage. 5m 30s

Jay Woods predicts a steady market with the S&P 500 reaching 7200. He expects leadership to shift from mega-cap tech to financials and transports. Key headwinds include midterm elections, SCOTUS tariff rulings, and the transition to a new Fed chair. 6m 19s

Jim Beam will pause production at its flagship Kentucky facility for all of 2025. The move follows a decline in sales after 20 years of growth, attributed to record-low US alcohol consumption, trade issues with Canada, and shifting preferences among consumers. 2m 2s

Jim Cramer predicts a bullish 2026 driven by strategic acquisitions. He urges investors to stay in the market, explaining that M&A activity reduces share supply, supporting price growth. These strategic deals offer significant profit potential for those who remain invested. 1m 54s

Jim Cramer reviews his 2025 macro outlook: the 10-year Treasury yield hit 4% first, reaching a 3.88% low in April. Meanwhile, the labor market is no longer tight, with unemployment rising to 4.6% and job growth stalling, providing the Fed room to cut interest rates. 2m 31s

Jim Cramer revisits his 2025 macro predictions: Treasury yields hit 4% first, the labor market cooled, and stocks rallied despite tariff volatility. Corporate earnings growth remains strong, with a 14% forecast for 2026 keeping the bull market on track. 6m 51s

Jim Cramer urges Larry Ellison to bid $34 for Warner Bros Discovery to outmatch competitors like Netflix. He argues Ellison should use his signature aggressive "guns blazing" approach to secure the valuable asset and end the bidding contest immediately. 1m 27s

Jim Cramer’s Lightning Round: He recommends owning Rubrik (RBRK), trimming Network Appliance, and avoiding Patterson-UTI. He warns Fubo has run too high and notes that Gorilla Technology and Dynex Capital require further research. 3m 59s

Jim O'Neill suggests a multi-year trend of non-US stocks outperforming US equities may be starting. Key drivers include Germany’s fiscal shifts, potential peace in Ukraine, China’s stimulus, and a possible new "C5" global grouping of major economies. 3m 5s

Joe Lavorgna, Treasury Counselor, tells CNBC the economy is booming with 4% growth. He expects inflation to drop further and wages to rise through supply-side policies like no tax on tips. He argues for rate cuts to boost interest-sensitive sectors like housing. 4m 50s

Kathryn Thompson highlights the $300B infrastructure bill and US reindustrialization as massive tailwinds for the materials sector. Key drivers include data centers and onshoring, with top picks like Martin Marietta, Vulcan, and CRH poised to benefit from future rate cuts. 5m 12s

Kevin Simpson sees a bullish 2025 and a "stock picker's market." He’s selective in tech, favoring Micron while liquidating Oracle. Simpson expects broader growth across financials and materials but remains high on tech innovation and gold miners like AEM. 3m 37s

Larry Ellison is personally guaranteeing $40B+ for Skydance’s acquisition bid. Seaport analyst David Joyce says while it addresses board concerns, it isn’t a "game changer" yet. Hurdles remain regarding debt, tax implications, and asset valuations before a deal is reached. 3m 33s

Markets hit record highs to end 2025, with momentum expected to carry into 2026. Analysts cite strong GDP, a dovish Fed, and resilient consumer spending as key drivers. While tech and semis lead, financials and industrials show strength despite low consumer confidence. 5m 17s

New Constructs CEO David Trainer advises diversifying beyond the crowded Mag 7 for 2026. He views Google as a winner due to its infrastructure and cash flow, while warning that "micro bubbles" will expose firms like Oracle that lack the capital to win the AI race. 3m 49s

Oppenheimer analyst Brian Nagel names Nike a top 2026 pick with a $120 price target. Despite recent stock drops, Nagel cites success in product innovation and wholesale recovery. He expects earnings to normalize as management executes its turnaround and offsets tariff costs. 4m 47s

RBC’s Vito Sperduto discusses the "great acceleration" of U.S. M&A in 2025, which grew 59%. Looking to 2026, he expects robust deal activity driven by AI energy demands and healthcare pivots, alongside a "thirst" for an IPO wave as private equity firms seek to monetize assets. 4m 33s

Rick Santelli reports a strong 4.3% Q3 GDP, beating the 3.3% estimate. Consumption hit 3.5%, though the price index rose to a warm 3.8%. Durable goods fell 2.2%, but capital spending stayed solid. Interest rates rose as the dollar index hit a two-and-a-half-month low. 3m 49s

Ryan Detrick of Carson Group tells CNBC a Santa Claus rally is likely, noting the market hasn't missed three in a row. He remains bullish on global growth, favoring cyclicals and metals like silver and copper as the economy broadens heading into 2026. 5m 8s

Scott Wapner's panel shares final trades: Jenny Harrington likes Melrose Properties, Josh Brown picks ExxonMobil, Stephanie Link eyes the India ETF (INDA), and Joe Terranova bets on semis like Nvidia and Broadcom. Tune in at 3 PM for more market analysis. 30s

Seamus Fernandez discusses Novo Nordisk’s GLP-1 pill, noting it faces manufacturing hurdles and competition from Eli Lilly’s orforglipron. While it expands Novo's reach, 2026 will be the ultimate test of consumer preference between the rival weight-loss treatments. 3m 51s

ServiceNow CEO Bill McDermott told CNBC the acquisition of Armis expands their AI control tower across IT, OT, and IoT environments. By integrating asset discovery, the company aims to accelerate growth and lead the enterprise in digital transformation and agentic AI. 3m 31s

Stephanie Link is buying Zoetis on valuation, eyeing a $100B animal health market, while taking profits on Elanco. The panel also discusses the copper boom, noting Freeport-McMoRan's pure-play status and Link’s preference for Antofagasta's execution. 2m 42s

Steve Odland discusses a "K-shaped" economy where consumer confidence falls for those earning under $125k but rises for the wealthy. Small businesses and Main Street struggle with high food prices and tariffs, while service-sector productivity drives overall growth. 4m 12s

Steve Schoffstall of Sprott analyzes the rally in gold, silver, and copper. Gold is soaring on central bank demand and geopolitical risk. Silver is rising as an industrial asset in deficit. Copper faces prolonged supply shortages driven by AI and the energy transition. 4m 58s

Tesla shares are near record highs, driven by an AI narrative focused on Robotaxis and Optimus robots. Barclays analyst Dan Levy notes that while auto fundamentals and global sales face pressure, investors are betting on Elon Musk’s vision for an autonomous future. 4m 55s

The AI race is shifting toward commoditization as we look to 2026. Apple and Microsoft are pivoting to partnerships with OpenAI and Anthropic, focusing on product layers like Siri and Copilot. Future success depends on the user experience rather than the underlying LLM. 3m 46s

The Trump administration will start garnishing wages for student loan defaulters in the new year, potentially affecting millions. Separately, the restaurant industry continues to struggle with weak consumer sentiment and rising tariff costs despite value deal efforts. 1m 11s

Tim Seymour sees a bullish setup for international markets due to a weaker dollar and Fed rate cuts. He recommends a 75/25 split between developed and emerging markets, eyeing European banks, Siemens, and tech giants like ASML and TSMC for growth and high dividends. 2m 18s

UBS analyst John Lovallo discusses housing affordability solutions, including mortgage subsidies, tariff cuts, and building on federal land. While lower rates help, he notes that local zoning hurdles and infrastructure needs remain significant barriers to progress. 2m 35s

Visa economist Michael Brown reports a 4.2% rise in holiday retail sales, showing consumer resilience despite soft sentiment. Spending is shifting toward services and experiences. Looking ahead, tax refunds and rate cuts are expected to drive 2.8% real growth next year. 3m 23s

ACME Capital's Hany Nada discusses the IPO market, noting companies stay private longer due to regulatory burdens and ample private funding. He argues this deprives public investors of high-growth years and calls for reduced regulation to help smaller firms list earlier. 4m 55s

Alphabet is acquiring Intersect for $4.75B to secure power and data center capacity amid surging AI demand. The deal gives Google control over gigawatts of energy projects, addressing critical power and grid constraints. Alphabet shares rose 0.5% on the news. 1m 1s

Analysts debate the 2025 market outlook. Tom Lee and Stephanie Link foresee double-digit growth driven by strong earnings and AI. Chris Harvey expects modest single-digit gains, citing macro risks and high valuations. All agree on potential first-half volatility. 4m 38s

Bart Melek of TD Securities predicts gold could hit $4,700 in 2026, driven by lower Fed rates and inflation. While investors are pivoting toward commodities, he warns that targeting a 25% portfolio allocation is likely unsustainable and could overwhelm the market. 3m 30s

Bill Ackman proposed helping Elon Musk take SpaceX public via a special acquisition company. The plan offers Tesla shareholders "SPARS" (acquisition rights) to participate in the SpaceX IPO and Musk's xAI, a move Ackman says would democratize the investment process. 1m 55s

Bill Kirk discusses retail trends: Walmart and Target gain from app-driven in-store pickups. Target sees tactical holiday strength, while Costco faces headwinds as slowing traffic and a shift toward convenience challenge its value-first model amid easing food inflation. 4m 27s

CNBC's Fast Money final trades: Novo Nordisk jumps 7% on oral Wegovy approval. Julie Beal likes nCino, Steve Grasso eyes Lionsgate, Dan Nathan suggests fading Nova and watching Snap for 2026 AI, and Guy Adami picks Bristol Myers (BMY). 1m 11s

CNBC’s Carl Quintanilla and Jim Cramer discuss a potential year-end "melt-up" as markets eye a third straight 20% annual gain. Cramer notes that sellers are stepping back, letting stocks rise, while historical trends suggest a year-end rally often signals a strong 2025. 2m 12s

California and New York are enacting strict AI safety laws requiring firms to report severe risks or face huge fines. The Trump administration aims to block these state rules via executive order, setting up a legal battle over AI regulation and interstate commerce. 2m 50s