Closing Bell Overtime: CRISPR Therapeutics CEO On Milestone FDA Approval; Rick Caruso On Potential Macy’s Sale 12/11/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 11 December 2023
⏱️ 45 minutes
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| 0:00.0 | New Intra-Day Highs for the year for the S&P 500 and the Dow Industrial's stocks |
| 0:07.0 | continue the year-end rally. |
| 0:08.9 | That is the scorecard on Wall Street, but the action is just getting started. |
| 0:12.2 | Welcome to Closing Bell overtime. |
| 0:13.4 | I'm Morgan Brennan with John Fort. |
| 0:15.3 | And coming up on today's show, we're going to speak exclusively |
| 0:17.8 | to the CEO of CRISPR Therapeutics |
| 0:20.2 | following the FDA's first of its kind approval of the company's gene therapy in this |
| 0:24.9 | case to treat sickle cell disease that stock has been selling off the last two days |
| 0:30.0 | on the back of that news. |
| 0:31.3 | Plus Oracle is gearing up for earnings this hour |
| 0:34.1 | with the $300 billion software giant |
| 0:36.6 | handily outperforming the market this year. |
| 0:39.3 | We'll bring you those numbers as soon as they cross. |
| 0:42.0 | We begin though with the market and greet across the screen as we kick off a crucial |
| 0:46.3 | week on Wall Street with the CPI print tomorrow, that inflation gauge, final Fed decision |
| 0:51.8 | of the year, the day after that on Wednesday. |
| 0:54.0 | Mike Santoli, joining us now from the New York Stock Exchange, Mike, a lot of green |
| 0:58.0 | but communication services, the one sector that said it out today and to an extreme it was down a full percent. |
| 1:04.7 | Yeah so the alphabet and Meta were big decliners in fact all the big NASDAQ stocks |
| 1:12.2 | were on the downside. It's reflection of this continued, you know, money flowing out of the big year-to-date winners into the rest of the market. There also has been a NASDAQ index change that I can talk about in a bit that actually has to do with that too. |
| 1:25.8 | But the rest of the market is seems like it's in a pretty benign state. |
... |
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