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Closing Bell

Closing Bell: Rapidly Rising Rates, AI Trade 'Alive & Well' 1/8/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 8 January 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

All right, guys, thanks so much.

0:01.4

Welcome to closing bell.

0:02.5

I'm Scott Wobner live from Post Night here at the New York Stock Exchange.

0:05.1

This make a break hour begins with the backup and yields the uneasiness in stocks.

0:09.0

We'll show you both as we begin the final stretch here.

0:11.7

We're watching the 30 year, the 10 year as well, rates moving a touch lower right around 1 p.m.

0:17.1

And that was after a pretty solid bond oxen but nonetheless I mean the 30 year is closing in on 5

0:22.2

percent there's the 10 year near 470 the major averages well as a result of that they've been

0:27.7

pretty much unsettled for most of the week and they are as you see yet again today a mixed

0:33.0

picture not much movement in either direction the Russell is the biggest deciner on the day-to-day, as you might expect.

0:39.3

With yields going up, obviously the small caps are going to be a bit unsettled.

0:43.3

It is worth watching several of the quantum computing names as well over this last hour.

0:48.3

They are plunging.

0:49.3

I guess that's the word for it, because look at that.

0:52.3

Raghetti down 41%, D-Wave, quantum computing down 40%.

0:57.0

Plunging on cautious comments from NVIDIA CEO Jensen Wong.

1:00.0

He delivered a bit of a reality check on that space.

1:03.0

Just huge declines across the board.

1:05.0

We'll watch those two.

1:06.0

We are watching shares of Solventum as well following our exclusive report earlier today that Triands Nelson Pelt

1:12.5

has sent a letter to shareholders urging that company to focus more on its performance.

1:17.5

Says that stock price should be a lot higher than it is now and says it should be if they take

...

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