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Closing Bell

Closing Bell: Best Year for Financials since '97 11/26/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 26 November 2024

⏱️ 50 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

We begin with breaking news on closing bell.

0:02.3

Welcome to our program today. I'm Scott Wapner. We are waiting on President Biden to deliver

0:06.2

remarks at this moment in the Rose Garden. Momentarily, he is expected to address a possible ceasefire

0:12.2

deal between Israel and Hezbollah. It is a significant development, and we will take you live

0:17.9

to the White House as soon as we do see President Biden.

0:21.5

I want to update you on the markets as well.

0:23.9

What had been a bit of an uneven day has now turned green across the board,

0:27.6

not for the Russell, but for the majors, certainly here.

0:30.5

We had talked today, obviously, from President-elect Trump about tariffs on Canada and Mexico

0:37.1

and increased tariffs on China as well. That

0:39.4

unsettled the market for a bit. But we seem to be picking up a little bit of steam here as we head

0:45.4

into this last hour, which really is our talk of the tape today, how to best position ahead

0:52.2

of another Trump administration with talk of tariffs and tax cuts and so much more for investors to consider.

0:59.1

On that note, let's bring in Liz Young Thomas.

1:01.0

SoFi's head of investment strategy with me here at Postnights.

1:04.2

Good to see you.

1:04.8

Good to see you too.

1:05.8

So I'm just going to remind you, we'll break away and go to the White House if we see the president.

1:10.5

But how you're thinking about the market today, which is doing a pretty darn good job

1:16.6

brushing off news of more tariffs, at least what the president-elect is talking about.

1:22.6

Yeah, I mean, if you tuned in right now, you'd look at this and say it's kind of a boring day,

1:27.0

flattish to up,

...

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