4.8 • 118 Ratings
🗓️ 12 December 2024
⏱️ 42 minutes
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0:00.0 | Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange. |
0:04.3 | This make-or-break hour begins with optimism about stocks as President-elect Trump delivers this message to investors right here earlier today. |
0:13.5 | I think you're going to see some very good days ahead. A lot of incentives are going to be given. |
0:18.4 | You saw yesterday a billion-dollar that we give you a very fast |
0:22.3 | approvals. Nobody, nobody's come up with that one yet, although it seems pretty simple. |
0:27.2 | I think you're going to have some great days ahead. Well, that expectation, a big reason why markets |
0:32.6 | have rallied recently to even more record highs. And coming up, we'll ask our experts how much more |
0:36.9 | they can rise in the new year. |
0:38.7 | In the meantime, let's look at the scorecard here with 60 minutes to go in regulation. |
0:42.4 | We are mostly lower today, mostly read after the PPI report came in touch hotter than expectations. |
0:48.0 | Many of the mega cap names are also pulling back a bit after their torrid run, and that's kept the NASDAQ mostly muted today. |
0:54.5 | Staples and utilities, they've been among the best sectors, though. |
0:58.0 | Staples is the only one in the green right now. |
1:00.6 | It gives you an idea, at least, of the defensive tone to this market today. |
1:03.7 | It does take us to our talk of the tape, the road ahead for your money. |
1:06.9 | Let's ask our panel, Anker Crawford, with Alger, Joe Teranova of Vertis and Max Ketner of HSBC Global Research. |
1:15.1 | Good to have everybody with us. |
1:16.5 | Anker, I'll turn to you first. |
1:17.9 | I mentioned this optimism in part because of a new Trump administration. |
1:22.9 | You heard the president-elect himself, who was right over there, hours ago. |
1:27.2 | Do you believe in that story? |
1:28.8 | Is that a principal reason to be optimistic going into 25? |
... |
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