SOTS 2nd Hour: The Trump Trade, Bitcoin Bedlam, Big Box Office Weekend 11/22/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 22 November 2024
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | Good Friday morning. Welcome to another hour of squawk on the street. I'm Carl |
| 0:08.6 | Kintanao with Morgan Brennan here at Post 9, along with David Faber at the New York Stock |
| 0:12.4 | Exchange, Sarah Eisen's on assignment. Coming off the best day for the Dow since November 6th and |
| 0:17.0 | adding a little bit more. Dow's up almost 300 points, 5966 S&P. Got the best PMIs since |
| 0:23.6 | 2022, and that has lifted the front end of the curve, although the tenure remains a little suppressed. |
| 0:29.2 | Well, we're 30 minutes into the trading session. So here are three big movers that we're watching this |
| 0:33.2 | Friday. Shares of gaps soaring the retailer raising its sales outlook for the year after reporting |
| 0:37.9 | market share growth across its brands in the third quarter. The stock's had a volatile |
| 0:42.3 | ride this year. It's really a turnaround story. Shares are up almost 8% right now. Shares have |
| 0:46.6 | been to it, though, those are falling after its earnings guidance came in below street estimates. |
| 0:51.0 | The company delaying promotions for its desktop version of TurboTax. You can see |
| 0:54.9 | those shares are down about 4%. And we are continuing to keep a close eye on the crypto trade. |
| 1:00.8 | Bitcoin hitting new all-time highs again, hitting $98,525. We are getting so much closer to that |
| 1:09.7 | $100,000 milestone. |
| 1:12.4 | A lot of chatter, though, that maybe we're overbought here. |
| 1:14.9 | We've got more on this trade ahead in the show. |
| 1:16.7 | Let's get some Eumish with Rick Santelli. |
| 1:19.1 | Hey, Rick. |
| 1:20.6 | Yes, there's more warm data here, Carl. |
| 1:23.8 | So we look at University of Michigan. |
| 1:25.6 | These are November finals. |
| 1:27.1 | So we take the mid-month reads and we toss them. |
... |
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