Closing Bell: Tech Trade, December's CPI Report & DOT Sues Southwest Airlines 01/15/25

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 15 January 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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	Welcome to Closing Bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange.
0:03.6	This maker break out begins with a big sigh of relief following today's lighter CPI, the subsequent drop in yields, and of course, the big move in stocks.
0:11.5	We'll ask our experts over this final stretch, what it all means, including FundStrats Tom Lee.
0:16.1	He'll be here in just a few. In the meantime, we'll show you the scorecard with 60 to go in regulation.
0:21.1	Been higher all day. You know that after that inflation print. Take a look at the NASDAQ today.
0:25.1	Up 2 and a half percent. S&P is good for about two. News of that ceasefire in the Middle East,
0:29.7	adding to the positive sentiment, no doubt today. The VIX dropping back under 17, so we really do
0:35.6	have a much needed drop in volatility as well. Standouts today include,
0:40.1	of course, the banks, bank stocks are higher today after those strong earnings. J.P. Morgan and Goldman,
0:46.2	there's Goldman up 6%. Take a look at City and Wells Fargo as well. Look at those gains. Just don't
0:51.5	see that that often. Most of the mega cap techs, they're higher as well today.
0:55.8	Meta's one of the standouts along with Tesla, which is higher by 7% as well.
1:00.7	It takes us to our talk of the tape.
1:02.9	Can stocks get back on track, and can this rally now resume?
1:06.8	Let's ask our panel, Cameron Dawson, chief investment officer for New Edge Wealth.
1:15.2	Adam Parker, the founder and CEO of Trivariate Research, a CNBC contributor. Both are here at Post 9. It's nice to see you both. Great to be here. Cameron, do you first. Are we all right now?
1:19.4	I mean, we were worried, you know, these rates have been backing up a lot, and we're worried about
1:24.1	inflation moving higher and rates moving higher higher and we did get that relief today
1:28.1	and the market loves it. Yeah, we did think that rates moved a little bit too far too fast.
1:33.5	Look at the two year. It traded up to 4.4%, which is just slightly below where the current Fed Funds
1:40.1	rate is at 4.5% which effectively said the bond market was starting to price in the risk of further hikes.
1:46.3	And so you get this slightly softer than expected inflation data, which allows you to have
	...

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