Closing Bell Overtime: Stocks fade into the close, Nike & FedEx earnings 12/19/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 19 December 2024
⏱️ 43 minutes
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| 0:00.0 | That's the end of regulation. Agniko Eagle Mines ringing the closing bell at the New York Stock Exchange. |
| 0:07.0 | JPMorgan Asset Management doing the honors at the NASDA. |
| 0:10.0 | It mixed end to a volatile session. We really basically failed to rally here as stocks did rally at the open through the session, |
| 0:19.0 | popped on hopes of averting a shutdown, and then drifted |
| 0:21.7 | lower here in the final moments into the close. |
| 0:24.4 | The major averages heading for big weekly losses after the Fed reset the narrative. |
| 0:29.0 | That is the scorecard on Wall Street. |
| 0:31.1 | But the action is just getting started. |
| 0:32.6 | Welcome to closing bell overtime. |
| 0:34.1 | I'm Morgan Brennan with John Ford. |
| 0:35.8 | Well, coming up this hour, two crucial reads on |
| 0:37.9 | retail and logistics during the holiday season. When we get earnings from Nike and FedEx, we're |
| 0:43.6 | going to have the numbers and expert analysis as soon as they cross. Plus, does an uncertain |
| 0:48.8 | Fed path and a less certain economy pour cold water in hopes of an M&A boom in 2025. We're going to ask the |
| 0:55.5 | managing partner of $90 billion private equity firm Advent for his take. And the FDA says it has |
| 1:01.5 | resolved the shortage of a key weight loss drug. And that's bad news for one of the year's |
| 1:05.8 | biggest health care winners. We'll explain why ahead. As we await earnings from FedEx and Nike, |
| 1:10.2 | though, let's break down today's market action with BD8 Capital Partners, CEO Barbara Duran, |
| 1:14.7 | and Morgan Stanley Global Chief Economist Seth Carpenter. It's great to have you both here. |
| 1:18.5 | Barbara, I'm going to start with you because we really failed to hang on to gains here, |
| 1:23.9 | X the Dow, which finished up, it looks like maybe 15 points, so fractionally higher today. |
| 1:30.3 | What does that tell us about the state of the market after the dramatic pullback we saw yesterday, |
... |
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