Trump’s Admin Taking Shape… And What To Expect Out Of Tomorrow’s CPI Report 11/12/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 12 November 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks taking a breather from its post-election rally as President-elect Donald Trump begins shaping his administration’s leadership team. The names taking key roles, and the impact it could have on foreign relations. Plus All eyes on tomorrow’s CPI data, as investors await the next read on inflation. What it could mean for stocks as they hover near record highs, and how the numbers could impact the Fed’s last rate decision this year. 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.
0:05.9	Here's what's on tap tonight. China concerns what a couple hawkish picks for the next administration
0:10.6	could mean for relations with Beijing and for investments in the region. And countdown to CPI,
0:15.7	what to expect from tomorrow's inflation print and how the markets could react will get'll get thoughts from KBW CEO Tom Mischo.
0:21.9	Plus, Amgen shares slim down after analysts bought something strange in the data,
0:26.4	how to play in VDivDIA in your all-time highs,
0:28.7	and a company that's betting AI can optimize your portfolio.
0:32.7	I'm Melissa Lee.
0:33.4	Home to you live from Studio B at the NASDAQ on The Destin.
0:35.7	Tim Seymour, Steve Grasso, Bono and Eisen, and Guy Adami.
0:39.4	We start off with markets taking a bit of a breather today.
0:41.9	The Dow dropping nearly 400 points, two big Trump trade beneficiaries,
0:45.7	transports and small caps also down sharply.
0:48.1	Meanwhile, Bitcoin briefly touching a new record high 90K.
0:51.6	Before pulling back a bit, we'll have more on that coming up. But first, a major appointment by the president-elect that could reshape the relationship
0:58.0	between the U.S. and China. President Trump is said to have chosen Senator Marco Rubio as his appointee
1:03.0	for Secretary of State. This follows the announcement that Florida Congressman Mike Waltz
1:08.0	will take the role of national security advisor. The announcement showing that what Trump said he's going to do on the campaign trail is coming to fruition.
1:16.3	We will get the reaction from Beijing in just a moment.
1:19.1	We start off with Aiman Javers in West Palm Beach with the latest on the Trump transition.
1:23.2	Amen.
1:24.7	Melissa, that's right.
	...

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