Inflation and the Fed, Trump's Tariff Threats and Economic Team Picks, A Downer for Dell 11/27/24

Squawk on the Street

CNBC

News, Investing, Business

4.1 • 567 Ratings

🗓️ 27 November 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

One day after the Dow and S&P 500 hit fresh record highs, Carl Quintanilla, David Faber and Sara Eisen discussed a barrage of economic and inflation data ahead of the Fed's December decision on rates. The anchors also delved into President-elect Trump's tariff threats, as well as his choices to round out his White House economic team. A tough earnings picture for tech, led by Dell: Shares of the company tumbled on a revenue miss and light guidance. Also in focus: Softbank's investment in OpenAI, what American Express CEO Stephen Squeri told Sara about the economy, investing in weight-loss drug makers. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market insight and analysis. You're listening to the opening bell of CnBC, Squawk on the Street.
0:05.9	Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kingtonia with David Faber. Sarah Eisen
0:09.8	at post nine of the New York Stock Exchange. Kramer has the morning off. Some mild weakness in
0:14.0	futures after some disappointing tech earnings last night, a jam-packed macro calendar today and some new
0:20.0	economic staff announcements from the transition.
0:22.5	Markets, of course, closed tomorrow for Thanksgiving, and we'll get a half day on Friday.
0:26.4	Our roadmap begins with the Fed's preferred inflation gauge.
0:29.4	The street bracing for October PCE due out this morning.
0:32.7	Also, a head president-elect Trump rounding out his economic team, naming his choice to lead
0:36.9	the National Economic Council,
0:38.3	as well as his pick for U.S. trade representative.
0:41.3	And on the tech earnings and AI front,
0:43.7	shares of Dell take a hit after posting a revenue miss
0:46.3	and issuing weaker than expected guidance.
0:49.3	We'll begin with the markets in this record run ahead of October PCE.
0:52.5	Of course, another important number as we wait for the December Fed decision.
0:56.1	Got some numbers, though, for the quarter, core PCE at 2-1.
1:01.4	Of course, claims another six-month low.
1:03.7	Durables came in a little bit light.
1:05.6	It's going to be busy today, sir.
1:07.1	I'm just thinking about David saying he's not thankful for me.
1:10.1	I said that off camera. It stayed with me. Oh, I'm just thinking about David saying he's not thankful for me. I said that off camera.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.