Closing Bell Overtime: An Exclusive Look at TSMC’s Advanced Chip Factory; Cava Chair Ron Shaich On Restaurant Winners & Losers 12/13/24

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 13 December 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today’s show features a market panel with Charlie Bobrinskoy of Ariel Investments and James Demmert of Main Street Research, offering insights on current trends. Warren Pies of 3Fourteen Research shares predictions for 2025 while reflecting on 2024’s key market hits and misses. Ron Shaich, Panera Founder and Cava Board Chair, discusses the restaurant industry and consumer trends.. Charles Schwab’s Joe Mazzola unpacks findings from the latest STAX report and market implications for what retail traders are doing. Plus, an exclusive inside look at TSMC’s advanced chip factory in Arizona, showcasing groundbreaking developments in U.S. semiconductor manufacturing.

Transcript

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0:00.0	Well, that bell marks the end of regulation.
0:02.0	CFP board ringing the closing bell at the New York Stock Exchange.
0:05.0	Absin Corporation doing the honors at the NASDAQ.
0:08.0	And it's a mixed end to a mixed week for the major averages with the Dow,
0:11.0	extending its losing streak to seven sessions in a row.
0:15.0	That's a longest stretch in the red since 2020.
0:18.0	And hey, the S&P decided not to do much anything. Just almost took the day off.
0:22.6	That's the score card on Wall Street, but winners,
0:24.6	stay late.
0:25.6	Welcome to closing bell overtime.
0:26.6	I'm John Ford.
0:27.6	Morgan Brennan is off today.
0:28.6	And ahead this hour, 314 research co-founder Warren Pyes
0:31.6	lays out his newly released Outlook for 2025,
0:34.6	including his S&P 500 price target
0:36.6	and why he's expecting a growth scare in the first
0:40.3	half. Plus, Panera founder and Kava board chair Ron Shake tells us the names he's watching
0:45.7	in the restaurant space as Kava closes out a stellar year of returns and chairs of Taiwan Semi
0:51.0	getting a lift along with other chip names after Broadcom's strong
0:54.4	quarter. We got an exclusive look inside Taiwan Semi's brand new chip fab in Arizona with never
1:00.0	before seen footage. And we begin with the stock story of the day. That's Broadcom, closing sharply
1:05.7	higher and eclipsing a trillion dollars in market tap after strong earnings and comments from
	...

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