meta_pixel
Tapesearch Logo
Log in
Squawk on the Street

New Decade & New Records, Tesla on a Tear & Catch Me If You Can

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 2 January 2020

⏱️ 43 minutes

🧾️ Download transcript

Summary

Scott Wapner, Morgan Brennan & Mike Santoli discuss the first trading day of 2020, after 2019’s monster rally, stocks hitting new records to kick-off the new decade. Plus, Tesla rallying after a big price target boost from one analyst, predicting strong EV growth for the year And new details in the Carlos Ghosn mystery, as an Interpol arrest warrant is issued for the ousted Nissan Chairman.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Jim Kramer here.

0:01.3

You're listening to the opening bell of CNBC Squawk on the Street.

0:04.7

Don't miss a minute of the action.

0:10.3

Good morning. Happy New Year.

0:12.1

Welcome to Squawk on the Street.

0:13.3

I'm Scott Wobner with Morgan Brennan and Mike Santoli.

0:15.5

We're live from the New York Stock Exchange.

0:17.4

Carl, Jim, and David have the morning off.

0:19.3

Let's take a look at futures for the first

0:21.8

trading day of the new year. And there you go. That's what China stimulus looks like for the U.S.

0:27.1

market. Looks like we're going to set new records right off the open. Dow would open higher by

0:31.0

165. The S&P higher by 18. Stocks coming off their best year since 2013. S&P 500 was up better than 28%. And as I said,

0:40.7

those China easing measures overnight giving a boost to global markets, including here in the

0:45.0

United States. Our roadmap starts with exactly that. The Bulls on the run after a monster

0:49.6

2019 rally Wall Street looks to keep it going in the new year. Stocks set to open the decade sharply

0:56.0

higher. Plus, Carlos Gohn Mystery, an Interpol arrest warrant now out for the oust of

1:01.5

Nissan boss who fled from Japan to Beirut earlier this week. And Tesla Auditare shares

1:06.8

rallying again ahead of the open as one analyst issues a major price target boost, predicting

1:12.4

strong EV growth this year. Well, we begin with the markets looking for a strong start to the

1:17.5

new year, this after we saw the Dow rise 22% in 2019. The S&P 500 up almost 29%. Well, the NASDAQ,

1:25.9

35% was the gain for the tech heavy NASDAQ. All right, so here we go. Let's get it started. Slight pause at the end of last year, nothing to speak of. It's been a bit of a tradition of recent years. A pretty good update on the first trading day of January. It doesn't determine the rest of the year, but it really seems like the trends that took hold

1:44.3

at the very end of last year are intact. You have a good fourth quarter return as we did. It tends to

...

Please login to see the full transcript.

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.

Copyright © Tapesearch 2026.