meta_pixel
Tapesearch Logo
Log in
Squawk on the Street

SOTS 2nd Hour: 2024’s Charts of the Year, Navigating Big Tech & What Trump 2.0 Means For China 12/27/24

Squawk on the Street

CNBC

News, Investing, Business

4.1567 Ratings

🗓️ 27 December 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

Sara Eisen and Brian Sullivan talked 2024’s top trends and broke down the outlook for 2025 with CFRA’s Sam Stovall. The team also discussed top picks across Energy and Tech out of RBC and Jefferies – as the Nasdaq fell to end the week. Also in focus: Bitcoin under pressure, falling below $95K in the hour; What a Trump presidency could mean for China with one former Trade Representative warning of pain ahead; and a look at Silicon Valley’s immigration debate. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Happy Friday. Good morning and welcome to another hour of squawk on the street. I'm Sarah Eisen with Brian Sullivan today, live from Post 9 at the New York Stock Exchange. Carl and David have the morning off. Stocks with a weaker open, the SPP almost down a full percent. Nasdaq gets worse, down one and a half percent after what's been a very strong run this week, this month, this year. For the week, even with these declines, the NASDAQ still up, about three quarters of 1%. And the S&P's up about 1%. What's week today is Nvidia, Microsoft, Broadcom, all the big winners, Tesla, Amazon, even Apple, which was flirting with that $4 trillion mark, didn't quite get there. We'll watch it, but it is down 1% in today's trade. Take a look at Treasuries. It's been one of the stories, the culprit of some of the weakness and the rotations we've seen lately. It's higher yields. In the 10-year, just below 4.6 today, a little bit buying on the short end of the curve, the two-year and the five-year yields, both a little lower. We're 30 minutes here into the trading session. Here are three big movers we're watching.

0:55.7

Official numbers out for Netflix's Christmas Day NFL games, setting a record for the biggest

0:59.7

audience for a streaming matchup that said, and we should mention this, ratings did fall short

1:04.7

of the audience of last year's Christmas games that ran on old school broadcast TV, CBS and Fox. Netflix's two games

1:13.1

averaging 24.2 million viewers. A volatile week for natural gas ahead of today's January

1:18.5

contract expiration, trading as high as $4 yesterday for the first time in nearly two years.

1:24.6

And then United Healthcare, extending the deadline to close their more than $3 billion

1:29.0

merger with home hospice player, Amedicist, until next year. After the DOJ and three states sued

1:35.1

to block the acquisition just last month, they now have until December 31st of next year, or 10

1:41.0

days after a final court decision on the case, to settle that deal. Okay, three quick things. Number one, a lot of people didn't know the football games probably were on Netflix. By the way, the Christmas Day tends to be a basketball day, not a football day. Number two, natural gas, but it's super cold. I was wondering about that. I mean, it's been what time, it was 19. All over the country, it's been cold for the most, not you, Phoenix or Miami, but you get my broader point. It's cold here. Yeah, and by the way, hospice, they do great stuff. No comment on the deal, just saying that for what they do, if it's a necessary service. Well, hopefully I'll have some comments on my five top charts of the year. Okay. I've got very hard on it. I'm very wonky,

2:17.6

so it's always charts for me. And by the way, I did not, just so the viewers know, I did not know what these were, did I? No, you did not. I have no idea. No. So I'm being, I'm going to put on my best, I'm not Jim. They're emblematic. You will have something to say about all of them. I have no doubt.

2:32.7

So Argentina is number one.

2:35.4

Argentina, the stock market has... have something to say about all of them. I have no doubt. So Argentina is number one.

2:36.0

Argentina, the stock market has boomed 176% higher year to date. It is the best performing

2:44.6

market in the entire world.

2:45.6

The local currency or dollar terms? I don't know.

2:47.4

So that this is, this is local currency, but this is the impact of President Milay.

2:51.6

So you've seen the memes on social media with him in the chainsaw.

2:56.6

He's an economist and he has gone against the establishment, slashed spending and bureaucracy

3:04.6

in a major way and has also really effectively cut down the country's inflation

3:09.4

rate. When he came on, we were seeing monthly readings in Argentina of 25% inflation. He's got

3:14.7

it below 3%. 2.6% inflation rates. Now, the flip side of the policy is unemployment has been

...

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.