Closing Bell Overtime: Former Cleveland Fed President Loretta Mester On What’s Next For The Fed; Top CEO Worries in 2025 1/15/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 15 January 2025
⏱️ 43 minutes
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| 0:00.0 | That bell marks the end of regulation. Consolidated Edison ringing the closing bell at the New York Stock Exchange, Charlton ARIA Acquisition Corporation doing the honors at the NASDAQ. |
| 0:09.3 | Stocks closing out their best session since the day after the election. |
| 0:13.3 | The Bulls breathing a sigh of relief as inflation heads in the right direction and banks kickoff earnings season on a high note. |
| 0:19.3 | That's the scorecard on Wall Street, but winners stay late. |
| 0:21.8 | Welcome to closing down overtime. |
| 0:23.0 | I'm John Ford with Morgan Brennan. |
| 0:24.5 | Well, coming up this hour, Cleveland Fed President Loretta Mester, gives us her first take on |
| 0:30.4 | today's inflation print and what it means for the Fed's timetable. |
| 0:34.3 | Plus, Evercore ISIs Krishna Guha on the market reaction and where he thinks |
| 0:38.5 | stocks head from here. And we'll talk about the big moves for bank stocks. And look ahead to reports |
| 0:44.1 | coming tomorrow from Bank of America and Morgan Stanley. Let's get straight to the market. |
| 0:48.4 | And this rally with G-square Private Wealth, CIO and CNBC contributor, Victoria Green, |
| 0:53.1 | and B of A Securities Director of Equity Strategy, |
| 0:56.0 | O'Sung Kwan. Guys, good afternoon. Victoria, you're generally positive on the markets, especially, |
| 1:02.1 | I guess, after this cooler CPI print, we can look at fundamentals, you say, but on earnings, |
| 1:08.0 | you say afternoons have been rally killers. Here we sit in overtime in the afternoon. |
| 1:14.1 | What do you mean? I was so happy to see the rally hold. The January has been ugly in the |
| 1:18.7 | afternoons, right? We've had so many mornings start off on a bright note and then I don't know. |
| 1:23.1 | Would Marcus take a break at lunch and don't come back or something? But we've seen these rallies |
| 1:26.3 | tail off time and time again this year. So for me today, it was so nice. We had that midday dip |
| 1:31.3 | and I was like, oh my goodness, here we go again. You know, S&P almost downed like 1% gains. |
| 1:36.3 | And so to see it rally out, I think that's a huge sign of confidence in this rally is still intact. And we finally had earnings to focus on, not macro, not Fed speak, not politics. |
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