SOTS 2nd Hour: Stocks Bounce Back, Musk's DC Chaos, Live: Accenture CEO 12/19/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 19 December 2024
⏱️ 42 minutes
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| 0:00.0 | Thursday morning. Welcome to another hour's walk on the street. I'm David Fayebord, Leslie Picker and Mike Santoli. We're live post-9th the New York Stock Exchange. Sarah's off. And Carl's out of here. He's on the move for the next hour. He's got a big interview, actually. So he's going to go over to West Street to Goldman Sachs's trading floor. And you can see the co-head of global banking and markets will be among his |
| 0:21.5 | guests. Speaking of markets, let's take a look at ours after that very significant sell-off |
| 0:26.6 | yesterday. You can see we are rebounding, though already off the highs. Keep an eye on that 10-year |
| 0:31.8 | treasury yield at 4.564. Leslie. Yeah, macro, big story today, of course, but there are some interesting idiosyncratic stocks to watch as well. |
| 0:41.1 | We're 30 minutes into the trading session. |
| 0:42.8 | Here are three big movers. |
| 0:43.8 | We are watching. |
| 0:44.6 | Shares of micron tumbling, the chipmaker beat profit estimates but gave weaker than expected guidance for the second quarter. |
| 0:50.8 | We'll have more on the streets reaction in the state of semis, following yesterday's sell-off, |
| 0:55.1 | but currently those shares down more than 16%. Shares of Darden restaurants rallying, however, |
| 1:01.4 | the owner of Olive Garden, meeting earnings expectations and raising its full year outlook after |
| 1:05.8 | adding the Tex-Mex chain Chewis to its portfolio and reporting higher same restaurant sales at its major chains, |
| 1:13.4 | those shares up more than 14%. And shares of Accenture also jumping this morning of about 6.6%. |
| 1:20.4 | The company beat earnings estimates thanks to strong demand for Gen A.I. Services. It's also raising |
| 1:26.3 | its revenue guidance for fiscal 2025. |
| 1:29.0 | And Accenture CEO, Julie Sweet, will join us first on CNBC to give us more details about her outlook for the next year. |
| 1:36.1 | Before that, though, let's get to some economic data out just moments ago. Rick Santelli has it for us. |
| 1:41.2 | Rick. David, this is a big day. |
| 1:44.8 | Leading economic indicators for the month of November came in positive, up three-tenths |
| 1:51.3 | of a percent. |
| 1:52.7 | They have had 32 consecutive months without a positive number. |
| 1:58.2 | We had one zero this year, but the last positive integer was in February |
... |
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