State Of The Consumer Ahead Of Black Friday… And Markets Into Year End 11/27/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 27 November 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

A check on the health of the consumer, as buyers gear up for Black Friday shopping. How gas prices, inflation, and mortgage rates are helping paint the picture for what to expect out of retailers this season. And will stocks keep powering higher into year end? The bullish case for equities to keep charging, and where there’s still opportunity in the market. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.
0:06.1	Here's what's on tap tonight.
0:07.6	The consumer on the clock as we count down to Black Friday stocks hovering your record highs.
0:12.7	Consumer confidence is climbing and gas prices this year lower than last year.
0:16.3	So is all this a setup for a great holiday shopping spree?
0:19.5	We'll debate that.
0:20.5	Plus, Bitcoin boom or
0:21.6	bus, Thanksgiving's been a critical time over the years for crypto. From the 2017 December
0:26.2	double to the 2020 Turkey Day massacre, will ask the traders what they expect to happen this year.
0:31.7	And later, we'll take the wraps off of our stocks. The stocks at our desk is thankful for
0:36.1	and the turkeys that are haunting them as they
0:38.3	get set to carve up their holiday feasts. I'm Melissa Lee, coming to you live from studio,
0:42.3	be at the NASDAQ on the desk tonight. Steve Grasso, Karen Feinerman, and Guy Adami.
0:46.5	And we start off with the countdown to Black Friday, just one day left until the most
0:50.3	anticipated shopping event of the entire year. And what a difference a year has made for the
0:55.3	markets. Stocks hovering near record highs, with the S&P now up more than 30% since last Thanksgiving.
1:01.6	Gas prices across the country, they're lower than last year by about 20 cents a gallon, not a huge
1:05.9	difference. And inflation has dropped from 3.2% to around 2.6%.
1:10.8	Again, better, but not a massive change.
1:13.3	Same story for mortgage rates.
1:14.6	They barely budged year over year.
1:16.4	Credit card rates still sitting at about 20%.
	...

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