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CNBC's "Fast Money"

Dow Inches Toward Record High Ahead of Fed Decision 12/12/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 12 December 2023

⏱️ 50 minutes

🧾️ Download transcript

Summary

Major markets all rose ahead of tomorrow’s big Fed decision after the November CPI report showed inflation was moderating in the face of lower energy prices. The Dow came within 1% of its record high. But how is the central bank looking at all this data? And can markets keep their momentum into year-end? Fast Money Disclaimer

Transcript

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0:00.0

Life in the Nazac Market site in the heart of New York City's Times Square, this is fast money.

0:06.0

Here's what's on tap tonight.

0:07.5

The Dow at S.P. closing in on all-time highs, inflation seemingly back under control.

0:12.0

Yet the talk on Wall Street and Main Street

0:13.8

about a coming recession and rate cuts. Why the data disconnect will debate that.

0:17.7

Plus, Hospitality Hot Street from hotels to cruise lines to airlines and more.

0:22.1

These stocks are rocking like the

0:23.6

consumers going to keep on knocking. Is there still time to check in on this

0:27.2

trade and later flying high Boeing jumping to its best level in more than two years?

0:31.5

We'll look at the industrial surge and ask how long

0:34.0

will the good times last? I'm Melissa Lee coming to you live from Studio B at the Nazac on the desk tonight.

0:38.9

Tim Seymour, Karen Feinerman, Guyadonian and special guest trader Rebecca Patterson,

0:43.4

former chief strategist at Bridgewater.

0:46.0

And we are waiting for President Biden

0:47.5

to begin a news conference with the Ukrainian President Zilinsky.

0:50.5

Once that starts, we'll go straight to it.

0:52.3

But in the meantime, actually, we're going to stay right here because we're expecting this to happen any moment now.

0:58.0

We were just discussing before, you know, the reaction when we started this war, when not we started, but we started

1:03.7

funding the war and the war started happening was that oil went higher etc.

1:07.3

What if we knew the war was going to end tomorrow? What do you think the reaction

1:10.9

would be Rebecca? I mean a lot of it will depend on how the war ends tomorrow, but let's just hypothetically

1:16.2

say funding winds down, there's some agreement between the two sides.

...

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