Nvidia Correction, Tesla Extends Record Run, Trump Comments Cause Pain for Health Insurers 12/17/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 17 December 2024
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | Market moving insight and analysis. |
| 0:02.3 | Join Jim Kramer, David Faber, and me, Carl Kintanilla, |
| 0:04.9 | on the opening bell hour of CNBC Squawk on the Street. |
| 0:12.8 | Good Tuesday morning. |
| 0:15.6 | Welcome to Squawk on the street. |
| 0:16.7 | I'm Carl Kintanio with Jim Kramer, David Faber, |
| 0:18.6 | post nine of the New York Stock. |
| 0:20.4 | Exchange futures are weak as the Dow extends its losing streak to eight straight days, longest |
| 0:25.2 | and over six years. |
| 0:26.6 | Ten-year yield hits a one-month high before backing off a bit on a slightly softer than |
| 0:30.6 | expected core retail sales print. |
| 0:33.9 | Our roadmap begins with an invidia's funk falling further into correction. Shares now flat for the past six months. |
| 0:39.3 | Tesla though has been headed in the opposite direction. |
| 0:41.3 | Shares continue to power ahead. |
| 0:43.3 | They're up almost 90% since the November election. |
| 0:46.3 | Meantime traders are waiting the latest rate cut or rate cut outlook from the Fed as well. |
| 0:50.3 | Brian Moynihan saying he expects the Fed to stay higher than they otherwise would |
| 0:55.7 | throughout the next year. Let's begin with this month's worst performer among the Mag 7. That is |
| 1:01.5 | NVIDIA falling into correction territory yesterday, as we said, relatively flat over six months. Jim, |
| 1:07.3 | you said, don't buy yet. No, look, I think that we're in one of those periods where people are saying, we got to reassess who really are the winners, who are not the winners. The Broadcom numbers on Friday, they were astounding. The gain that we had made people think, well, wait a second, maybe Broadcom's the right one. It was more of the outlook, Jim, wasn't? |
| 1:27.8 | It wasn't the numbers themselves. |
| 1:47.1 | Oh, no, no. The outlook was amazing. Talking about 2007, though. Well, that's a long-term view because they have a clear window. Matt Murphy last night on Mad Money from Marvell Tech saying the same thing. I think that there is some confusion. if you asked Matt Murphy, which I did, about where is NVIDIA stand? He goes, look, Nvidia is still the number one. It's just that there's room for |
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