The Decade-Long Bull Run, Phase One Signing Date & Ghosn, Ghosn, Gone
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 31 December 2019
⏱️ 45 minutes
🧾️ Download transcript
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| 0:00.0 | Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street. |
| 0:08.4 | Good morning. Welcome to Squack on the Street. I'm Scott Wapner with Morgan Brennan and Mike Santoli. We are live from the New York Stock Exchange. |
| 0:16.0 | Carl Jim and David have the morning off. Let's get you set up for the trading day by taking a look at futures this |
| 0:22.3 | morning. Stocks are coming off their worst day in four weeks, and they look now to open lower yet again. |
| 0:28.8 | In fact, the NASDAQ's coming off its first back-to-back losses. In three weeks, NASDAQ would open lower by 20. |
| 0:34.0 | The Dow would be down by 50 and the S&P by about five and a half. And the latest |
| 0:39.0 | S&P K Schiller report is out, showing a 3.3% gain in home prices during October compared |
| 0:44.9 | to one year ago. Our roadmap starts with the decade-long bull run. Stocks on track for their |
| 0:51.4 | best year since 2013. Markets poised for a lower open on this |
| 0:55.7 | final trading day of 2019. Plus, Uber and Postmates Sue, California. The ride-hailing giant |
| 1:02.1 | and delivery firm are trying to block a law that would require them to treat gig workers as employees. |
| 1:08.2 | And the ousted head of Nissan Renault fleeing to Lebanon, |
| 1:11.5 | Carlis Ghosne, saying he was escaping what he called a rigged Japanese justices. |
| 1:16.6 | Oh, as we head into the final trading session of 2019, the Dow up 22% year-to-date, |
| 1:22.2 | the S&P 500 with a 28.5% gain in the NASDAQ outperforming, both indices jumping by almost 35%. |
| 1:31.4 | So, oh, what a year it's been. |
| 1:33.3 | I guess maybe we're going to go out with a little bit of a whimper. |
| 1:36.6 | Yeah, not too much of a surprise. |
| 1:38.2 | Just a little, I think, a little housekeeping and trimming by the end of the year. |
| 1:43.3 | Yesterday was very much a, you know, cash in a |
| 1:46.2 | little bit on some of the winners and pick up some of the losers. That's kind of what you might |
| 1:50.0 | expect to continue with to January. But I do think we're going out on a note that says the market |
... |
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