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Closing Bell

Closing Bell Overtime: “Avocado & Garlic” Market Catalysts; Goldman’s Biotech Playbook for 2026 12/19/25

Closing Bell

CNBC

News, Business

4.8118 Ratings

🗓️ 19 December 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Scott Wren of Wells Fargo Investment Institute on global strategy and positioning, plus Steve Liesman wraps his key interview with Fed Governor Christopher Waller. Apple’s outlook with Craig Moffett of MoffettNathanson. The Goldman biotech outlook with Salveen Richter of Goldman Sachs. Next week’s market catalysts with Adam Crisafulli of Vital Knowledge.

Transcript

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0:00.0

That's the end of regulation. Orla Mining ringing the closing ballot, the New York Stock Exchange.

0:04.0

Bowman Consulting, doing the honors at the NASDAQ, stocks ending the final full trading week of 2025 in the green this Friday.

0:12.0

The Dow up about 150 points, and the S&P 500 is less than 1%.

0:17.4

The NASDAQ with a 1% gain for the week. The S&P 500 squeaking out a slight gain, it looks like as we settle here.

0:23.6

The NASDAQ also higher for the week.

0:25.6

Losses though for the Dow and the Russell 2000.

0:28.6

Heavy volumes as well as today was the largest options expiration in history.

0:33.6

This is a quadruple witching event, a record shattering $7.1 trillion in

0:38.9

notional value expiring today. As for the big individual movers, Micron having a good

0:44.5

week continuing to rally after strong results Wednesday. It's been bringing the broader

0:48.3

AI trade with it. Mike Santoli is going to join us with more on that coming up. Oracle,

0:52.9

also getting a nice boost. It's part of a group of investors who will lead TikTok's U.S. operations after that deal was finally inked. And it's not just stocks rallying today either. Oil, gold, Bitcoin, all moving higher. Also keep an eye on copper, because that's continuing to flirt with a new high as well. And that's a scorecard on Wall Street. But winner, stay late. Welcome to closing about overtime. I'm John Ford, alongside Morgan Brennan. And for the second straight day, Apple's basically flat while most of tech rallies. Maybe a microcosm of the whole year. Apple up 8%. The NASDAQ up 20. Can Apple investors hope for a better 2026? We will discuss. Meanwhile, one of the best

1:30.2

stocks in the S&P 500 today is Moderna. The stock's jumping on news. It's getting funding from a

1:35.2

global partnership to work on a bird flu vaccine. Earlier this year, the U.S. government

1:40.0

pulling funding from this project. Coming up, we'll look at biotech's prospects in the next year.

1:46.7

And you know is Christmas is coming Thursday, the goose is fat,

1:51.0

but do you know what's happening the rest of the week?

1:53.7

We're going to get you ready for a shortened but still busy trading week.

1:57.2

And keep us ready for the AI trade, which keeps shifting.

2:00.2

Let's get to senior market

2:01.1

commentator Mike Santoli right here in studio with us, Mike. Yes, John. You know, it remains a

2:07.1

rotational bull market, which is to say it hasn't been everything going up at once and pulling

...

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