A Big Call On Yields… And Databricks CEO On New Funding Round 12/17/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 17 December 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Could the 10-year yield climb as high as 6%? The bold rate call out of one Wall Street firm, and what it would mean for this year’s rally. Plus A new funding round from one of the most valuable private companies, and what the CEO says could be next for the AI startup. Fast Money Disclaimer

Transcript

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0:00.0	Live in the NASDAQ market site in the heart of New York City's Times Square, this is fast money.
0:06.4	Here's what's on tap tonight. Rates on the rise ahead of the last Fed meeting of the year.
0:10.5	Will they keep heading higher and what would that mean for stock market valuations?
0:14.2	We'll debate that.
0:15.3	And could a major EV merger be in the works?
0:18.3	What a potential tie-up between Honda and Nissan says about the state of the industry and what Tesla's dominance in the space might have to do with it.
0:25.6	Plus, United Health shares a Pfizer slide to an eight-month low. shares of Pfizer get a booster shot on not-so-bad guidance.
0:32.2	The former CEO of TD Ameritrade gives us his read on the retail trader and the CEO of AI Darling Databricks, who today
0:38.4	announced a massive $10 billion funding round is set to join us coming up, how he is planning
0:43.9	to use that money and what it means for a potential IPO.
0:47.3	I'm Melissa Lee, coming to you live from Studio B at the NASDAQ on the desk tonight, Tim Seymour,
0:50.7	Karen Feinerman, Steve Grasso, and Julie Beale.
0:53.4	We start off with a bold new call for the bond market.
0:56.0	Tiro Price out with a note today saying the benchmark 10-year yield could climb as high as 6 percent,
1:01.7	a level last hit in the year 2000.
1:04.3	Strategists outlining a number of fiscal risks at play, including a growing federal deficit
1:08.4	fueled by Trump tax cuts, plus potential tariffs and immigration
1:11.9	policies that could put even more pressure on prices.
1:14.8	Rates have been climbing already this month, topping 4.4% at their highs today.
1:19.4	But if TRO price is right, TRO is right.
1:21.8	Price is right.
1:23.3	Oh, yeah.
	...

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