Closing Bell: Debating the Fate of the Rally 12/19/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 19 December 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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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	They don't blame that on me. No way. I don't own that. Welcome to closing bell. I'm Scott Wobner live
0:05.3	from Post 9 here at the New York Stock Exchange. This maker breakout begins with the fate of this rally
0:09.8	and whether enough has changed now over the past 24 hours to change the trajectory of this market.
0:14.9	We'll ask our experts over this final stretch, including that man right there. BlackRock's Rick Reeder.
0:19.2	He joins me momentarily. In the meantime, let's show you the scorecard here with 60 minutes to go in regulation.
0:24.3	We are trying to bounce off the worst Fed Day sell-off ever.
0:27.4	And at least for the majors, we have been green throughout, not the strongest bounce.
0:30.8	Russell is red, by the way.
0:32.5	Most of the mega caps today, they are higher with the exception of Tesla, which did get pounded yesterday. It is down yet again today by 1.5%.
0:40.3	Then there is Bitcoin.
0:41.3	Well, it was below 99,000 and it is now below 98, and that is following its biggest one-day drop since August.
0:50.3	We'll follow all of that.
0:51.3	It does take us to our talk of the tape.
0:53.3	Is this record setting rally intact or are the risks of a bigger pullback now mounting?
0:58.2	Let's ask Rick Reeder.
0:59.4	He is BlackRock CEO of Global Fixed Income, head of the Global Allocation Team.
1:04.3	Welcome back.
1:04.9	It's good to see you.
1:06.8	You too.
1:07.5	Thanks for having me.
1:08.9	How would you answer that question?
1:10.2	Is this thing intact, or do we have new risks now based on what happened yesterday?
	...

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