Closing Bell Overtime: Bitcoin nears $100K; Martin Marietta CEO On Infrastructure Under Trump 11/22/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 22 November 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin traded above $99,800, closing in on the key $100,000 level. Michael Bressler and Benoit Bosc, x2B co-founders, talk what’s driving the crypto right now and just how much higher the price can go. They also talk their new business as traditional-finance-workers-turned-bitcoin-advisors. Ward Nye, Martin Marietta CEO on what infrastructure spending will look like under Trump 2.0. Plus, Jason Trennert, Strategas Chairman, on the macro picture right now.

Transcript

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0:00.0	Black Bell marks the end of regulation.
0:02.5	Barrick ringing the closing bell at the New York Stock Exchange, Liberty Media, and Formula One doing the honors at the NASDAQ.
0:08.0	A Dow record close and a mostly positive finish to the week with the major averages,
0:12.0	all advancing more than 1% since Monday's Open and the Russell 2000,
0:17.0	climbing more than 4%.
0:18.0	That's the scorecard on Wall Street, but winners stay late.
0:21.0	Welcome to closing bell overtime.
0:22.1	I'm John Ford with Morgan Brennan.
0:23.8	Well, coming up this hour, Bitcoin's Relentless March Higher,
0:27.4	the cryptocurrency is just shy of $100,000.
0:31.6	After a furious rally since the election,
0:33.7	we will talk about what's next for crypto investors and just how high Bitcoin could climb.
0:39.6	Plus, Stratigas CEO Jason Trenner is going to be with us to help you get set up for next week's
0:45.0	trade.
0:45.7	And the CEO of Building Materials firm Martin Marietta joins us to talk about the outlook for
0:49.7	infrastructure under the Second Trump administration.
0:52.9	But we begin with breaking news from the Fed.
0:55.0	Steve Leesman has the details.
0:56.0	Hi, Steve.
0:57.0	Hey, Morgan.
0:59.0	Thanks very much.
1:00.0	The Federal Reserve out with its financial stability report,
	...

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