SOTS 2nd Hour: Holiday Retail Stock-ing Stuffers, Trump’s Treasury Secretary Pick, and 4 Cases For A Year-End Rally 11/25/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 25 November 2024
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | Good Monday morning. Welcome to another hour of squawk on the street. I'm Sarah Eisen with Carl |
| 0:11.6 | Kentonia and David Faber, live as always from post nine of the New York Stock Exchange. |
| 0:16.0 | Take a look at stocks. We're starting the week strong. S&P up about half a percent. The NASDAQ comp up four-tenths of one percent. |
| 0:23.6 | So we've got a nice rally to start the day. The Dow is up 450 points. Take a look at Treasury as part of the story here where there's buying today. |
| 0:30.6 | And yields are coming a little bit lower. The 10-year turnout yield just below 4.3 percent, the two-year yield just at 4.3. |
| 0:38.8 | As far as what's working in the market, it's a broad rally. |
| 0:41.8 | You've got almost every sector higher except for information, technology, and energy. |
| 0:45.8 | Consumer discretionary is one of your best performing sectors, up 1.5 percent. |
| 0:49.8 | Real estate also very strong today. |
| 0:52.3 | So broad, and the NASDAQ I mentioned up four-tenths of a percent. |
| 0:55.6 | So tech is playing in, although information tech as a sector is lagging. |
| 0:59.8 | We're 30 minutes here into the trading session. Here are three big movers we're watching today. |
| 1:03.8 | Look at Bath and Body Works, gaining double digits after a top and bottom line beat as well as raised guidance. |
| 1:08.8 | We're going to talk winners and losers this holiday season later this hour. Speaking of retail, Macy's under pressure after the company reported |
| 1:15.5 | preliminary results. That missed expectations and also disclosed an investigation into an |
| 1:21.0 | employee who Macy says intentionally made erroneous accounting entries to hide more than |
| 1:26.2 | $130 million worth of delivery expenses |
| 1:28.9 | over several years. Stock down 4%. Also keeping our eye on Bitcoin, of course, after hitting |
| 1:35.1 | a new all-time high of a little more than $99,849 a coin late Friday. The crypto now up 40% this |
| 1:43.8 | month alone backing off today a little bit, but still |
| 1:46.6 | at 95K. Guys, as far as what we're watching this week, we do have some notable earnings, |
| 1:51.8 | especially going to be watching the consumer earnings as we get into this holiday season, |
... |
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