All right, thanks, Leslie, and thank you, Mike Lyft from the NASDAQ market site in the heart of New York City's Times Square.

This is fast money, and here's what's on tap tonight.

On the rise, rates continue their slow, steady climb with a 10-year hitting 4.6% today,

so can stocks keep rallying in the new year of bond yields?

Keep moving higher.

We're going to debate that one.

Plus, bummer for the builders on the back of those rising rates. Housing stocks have been hit

especially hard. Is the sector a stayaway in 2025? We'll break that trade down. And then later on,

will Trump break the cycle of pain in the energy patch? The chartmaster ready to reveal the next move in

Berkshire Hathaway and Fintech. Trade it or faded in 2025. Yeah, you know what we're talking about.

I'm Dominic Chewin from Melissa Lee coming to you live from Studio B at the NASDAQ. On the desk tonight,

Steve Grasso, Dan Nathan, Guy Adami, and then Carter Worth as well.

We're going to start with two major market moves that caught our eye today.

Semiconductor stocks surging after the U.S. launched a new probe into China's chip manufacturing.

We'll dive into those moves in just a moment, as you're seeing there.

But first, Staples.

Down today, the worst performing sector in the entire S&P, outsized losses and names like Spiritsmaker Brown

Foreman, Walgreens, Boots Alliance, Dollar General. That coming as 10-year yields take higher again,

briefly touching the 4.6 mark, again, a level not seen since late May.

The dollar also trading higher, trading near more than two-year highs at this point.

So what do all of these moves signal is in store for the new year?

Dan, please kick us off.

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