Dow and Nasdaq Seek "9" Lives, December's High-Fliers, End of An Era for eBay 12/19/23

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 19 December 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber focused on the December rally and a fresh record high for the Dow. Both the blue-chip index and the Nasdaq are aiming for a ninth consecutive day of gains. The anchors discussed what to make of a number of stocks that are surging this month: FOMO? Also in focus: eBay’s removal from the Nasdaq 100 and a flashback to David's 2005 CNBC documentary about the company, Nike and "playing with fire," cybersecurity watch and Palo Alto Networks' red-hot stock. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:07.8	Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer, David
0:11.1	favorite post nine of the New York Stock Exchange. Down NASDAQ gunning for nine straight gains,
0:16.5	even as some Fed officials push back on the notion of multiple rate cuts next year.
0:20.2	Housing starts
0:20.8	six-month high today, FedEx earnings tonight. Our roadmap begins with records watch. S&P set to open
0:26.1	about a percent below its record close. And as we said, the Dow and the NASDAQ riding some eight-day
0:31.4	wins. Plus, we're keeping an eye on those Red Sea risks given the increasing attacks on
0:36.3	commercial ships, which are upending a vital global
0:39.0	car.
0:40.0	And how about that corporate cyber challenge?
0:42.6	We're not talking about a race here.
0:44.4	We're talking about companies such as VF Corp and even Comcast Xfinity, for example,
0:49.7	saying they have seen significant hacking that is disrupting parts of business, certainly in the case of the
0:55.2	app.
0:55.4	Yeah.
0:56.4	Okay.
0:57.4	Let's begin with the markets this morning.
0:59.0	A lot of push and pull here, Jim.
1:01.2	The Fed Pivot, of course, has filled the tank, but that over positioning now, the idea
1:06.5	that maybe we are severely overbought?
	...

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