Post-Election Rally: New Record Highs, Tesla Remains Red Hot 11/11/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 11 November 2024
⏱️ 42 minutes
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| 0:00.0 | Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street. |
| 0:05.8 | Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kingtonia with David Faber, Sarah Eisen, and post nine of the New York Stock Exchange. |
| 0:11.6 | Kramer has the morning off. Future's strong as the S&P looks to revisit 6K at the open coming off the 50th record high of the year. |
| 0:19.5 | Congress returns for the lame duck. No data today. |
| 0:22.1 | The bond markets closed for Veterans Day. Our roadmap begins with the roaring bull rolling on. |
| 0:27.8 | Stocks poised to build on last week's post-election rally to new records. |
| 0:31.7 | Plus, as usual, keeping an eye on shares of Tesla. They are popping once again ahead of the open. This is on the heels of |
| 0:38.4 | what's a 29% surge for that company's shares just over the last week. And Cryptos on a tear again. |
| 0:45.5 | Bitcoin hitting fresh highs, topping $82,000 this morning. Coinbase, micro strategy, Robin Hood, |
| 0:51.5 | among stocks all riding Cryptos coattails. |
| 0:56.3 | Let's begin with this post-election rally. |
| 1:00.9 | Definitely easy to keep a list of winners and losers since Election Day guys. |
| 1:05.5 | On the plus side, it will be Tesla, Bitcoin, banks, small caps. |
| 1:12.3 | Losers continue to be oil, China, volatility, down some 25% in the past week? |
| 1:17.9 | I mean, some of the banks have been noting the similarities and differences between 2016, |
| 1:21.3 | where the Trump trade was very much on in a similar fashion. |
| 1:24.3 | One difference is autos are up 13%. And you can thank Elon Musk for that in Tesla. |
| 1:29.4 | Even though, you know, some are saying that this is broadly not going to be great for the auto industry as far as incentives on EVs for instance |
| 1:34.8 | which could go away or maybe that is good for the auto industry because people don't really want |
| 1:37.8 | EVs as much so maybe that less regulation ultimately is a good thing but also just a more industrial |
| 1:43.4 | policy and more tariffs ultimately could be good thing, but also just a more industrial policy and more tariffs |
| 1:46.2 | ultimately could be good. |
... |
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