Rallying Into the Fed Decision, Pfizer Slides On Guidance, Tesla Recalls 2 Million Vehicles 12/13/23
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 13 December 2023
⏱️ 43 minutes
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| 0:00.0 | Market Moving Insight and Analysis. |
| 0:02.1 | Join Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street. |
| 0:08.5 | Good Wednesday morning. Welcome to Squawk on the Street. |
| 0:10.8 | I'm Carl Cantonia with Jim Kramer, David Faber, post nine of the New York Stock Exchange. |
| 0:14.5 | Final Fed decision of the year. |
| 0:16.2 | Futures holding on to gains as we get more signals about disinflation today from PPI, a goose egg, |
| 0:22.1 | oil below 68, rent, 10-year yields about 416. Our roadmap this morning begins with inflation |
| 0:27.9 | and Fed expectations. Investors await today's rate decision as stock records continue to pile up. |
| 0:34.1 | Plus, Joseph FISA are sinking that ahead of the open on week 24 revenue and profit forecasts. |
| 0:42.5 | And Tesla has some autopilot concerns. |
| 0:44.3 | The automaker is issuing a recall of sorts for nearly all of its vehicles sold in the U.S. |
| 0:50.7 | You just called it a recall. |
| 0:52.0 | We'll explain. |
| 0:52.8 | Well, that's the word that's been used, but it's not really, right? Because it's a software upgrade, isn't it? It's an iOS 17. I got it in the middle of the night. A couple million vehicles. We'll begin with the market rally heading into today's Fed decision. Jim, PPI, encouraging, lowest year on year since June. Yeah, look, I mean, these numbers are all going the right way. |
| 1:12.0 | I still think that they're going the right way, so why not have them continue to go the right way? |
| 1:18.1 | You just don't know what's possible in terms of what could come back. |
| 1:22.0 | So why let it bite you, given the fact that unemployment is still under four? |
| 1:26.5 | David, as long as unemployment is under four, |
| 1:28.3 | I don't think there's any reason to let up on the fight, |
| 1:32.3 | especially because there are some existential issues |
| 1:35.1 | of how much debt, what could happen in terms of if there's more spending in Washington. |
| 1:42.0 | I mean, I know these things seem small, but they all add up. |
... |
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