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Closing Bell

Closing Bell Overtime: 2025 Market Outlooks, AI Shopping Revolution, and Energy Sector Trends 12/23/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 23 December 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks closed at session highs after surging in the final hour of trade. A panel featuring Charlie Bobrinskoy of Ariel Investments and Kevin Mahn of Hennion & Walsh kicks off the show with market insights. Key guests include former Ford CEO Mark Fields on what Honda and Nissan’s potential deal means for the auto industry, RBC’s Gerard Cassidy on the banking sector, and former United Airlines CEO Oscar Munoz on airlines’ 2025 trajectory. Emerging markets under a potential Trump 2.0 presidency are analyzed with PIMCO's Pramol Dhawan, while Pippa Stevens explores the uncertain future of energy stocks and potential pivots to gas-weighted producers. Julia Boorstin dives into the transformative role of AI in holiday shopping, highlighting innovations from Sierra AI, Perplexity AI, and tech giants Google and Amazon.

Transcript

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0:00.0

Thank you, Scott. That's the end of regulation. Third Street Music School ringing the closing bell at the New York Stock Exchange. The Bowery Mission doing the honors at the NASDAQ. Stocks closing near session highs with solid gains for the NASDAQ and a decent bump for the S&P 500 as chip stocks get the boost.

0:24.4

That's a scorecard on Wall Street, but the action's just getting started.

0:25.7

Welcome to closing bell overtime.

0:28.1

I'm Leslie Picker with Mike Santoli.

0:30.3

John and Morgan are off today.

0:34.7

All right, coming up this hour, former Ford CEO, Mark Fields, joins us to talk about the official merger negotiations that were just announced between Nissan and Honda and what he expects from auto stocks broadly in the new year.

0:43.2

Plus, banks are about to wrap up a solid year of returns, but can they repeat their outperformance in 2025?

0:49.9

We'll talk about the names that should be at the top of your watch list for the new year.

0:54.4

Let's break down today's market action with Ariel Investments Vice Chairman Charlie Borbrinskoy and Henion and Walsh Asset Management President and CIO Kevin Mon.

1:04.5

Thank you both for being here.

1:06.5

Kevin, let's start with you.

1:07.7

So chips leading the way, very decent performance for the NASDAQ,

1:11.2

a lighter week, of course, with the holiday and so forth. But what's your read on today's

1:15.9

action? I think today's rally in chips should remind all investors that the AI revolution is a long

1:21.6

road. And there's going to be many ups and downs and many potholes along the way. And semiconductors

1:26.8

and chips will likely remain a critical component of the overall AI ecosystem,

1:31.3

but not the only component.

1:32.3

Let's not forget about energy, data centers, hardware, and software.

1:36.3

And then, of course, Nvidia is not the only semiconductor and chip opportunity that's out there.

1:42.3

Look at Broadcom, look at Advanced Micro,

1:44.8

look at even Intel.

1:46.1

All price pretty rich right now, but all have more growth ahead.

...

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