Closing Bell

Randall Quarles, former Fed vice chair for supervision, sheds light on the disconnect between market and Fed rates, emphasizing the banking industry's challenges. The discussion dives into Palantir's impressive 2024 trajectory and its future role in the AI revolution. Experts analyze Apple's climb towards a $4T valuation and provide insights on internet stock picks for 2025. Additionally, the evolving landscape of cannabis regulation and Goldman's predictions for AI's impact in business by 2025 are explored, forecasting significant changes ahead.

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

HSBC's Jose Rasco and Interactive Brokers' Steve Sosnick talks the runup in stocks and where to place your bets in 2025. Fundstrat's Tom Lee on how much higher tech stocks and bitcoin can go. Former Saks CEO Steve Sadove analyzes holiday shopping trends and why consumers are shifting their preferences from experiences to items. Banking groups are suing the Fed over the banking stress tests; Eugene Scalia, one of the attorneys representing the plaintiffs suing the Fed, on the legal clash between banks and the Fed and Steve Westly discussing Tesla’s outlook amid potential policy shifts under Trump 2.0. Plus, our Steve Kovach details Apple's renewed efforts in the smart home market while Julia Boorstin explores Netflix's bet on NFL Christmas programming.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The podcast dives into what being rich truly means, beyond just money. It assesses the Santa Claus rally and major tech trends, hinting at optimism for the new year. The conversation shifts to how the Federal Reserve's actions influence market dynamics and investor sentiments. Listeners learn about diverse investment strategies outside the tech giants, the implications of regulatory challenges for banks, and the evolving landscape of AI investments, with attention on Nvidia's future. A positive outlook for 2025 highlights the importance of a balanced investment approach.

Stocks closed at session highs after surging in the final hour of trade. A panel featuring Charlie Bobrinskoy of Ariel Investments and Kevin Mahn of Hennion & Walsh kicks off the show with market insights. Key guests include former Ford CEO Mark Fields on what Honda and Nissan’s potential deal means for the auto industry, RBC’s Gerard Cassidy on the banking sector, and former United Airlines CEO Oscar Munoz on airlines’ 2025 trajectory. Emerging markets under a potential Trump 2.0 presidency are analyzed with PIMCO's Pramol Dhawan, while Pippa Stevens explores the uncertain future of energy stocks and potential pivots to gas-weighted producers. Julia Boorstin dives into the transformative role of AI in holiday shopping, highlighting innovations from Sierra AI, Perplexity AI, and tech giants Google and Amazon.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Gina Raimondo, the U.S. Secretary of Commerce, offers a unique perspective on the potential fallout from a government shutdown. She discusses how the CHIPS Act could bolster America’s semiconductor industry amid these challenges. The conversation delves into national security concerns related to technology exports to China and public fears about economic uncertainty. Raimondo emphasizes the emotional impact on federal workers and outlines strategies for navigating the financial landscape as the country heads into 2025.

Chris Toomey from Morgan Stanley Private Wealth shares his market insight and strategies for year-end investing, emphasizing high-quality stock selections amidst volatility. Matthew Boss, J.P. Morgan's retail analyst, highlights a rebound in retail, spotlighting strong performers during the holiday season and the impact of weather on consumer behavior. They discuss Nike's inventory challenges, the role of advertising in the retail landscape, and bullish market trends, providing listeners with valuable tips for navigating the investment landscape.

Earlier this week, SpaceX launched its third rocket in a 24-hour span to launch for SES, a communications satellite operator. The mission, launching the Luxembourg-based company’s O3B mPOWER satellites, will carry upgrades to address power issues experienced on earlier additions to the constellation. As the rocket awaited liftoff, SES CEO Adel Al-Saleh joined Morgan Brennan to discuss the future of broadband, competing with SpaceX’s Starlink, and the latest on the company’s $3 billion acquisition of U.S. based Intelsat. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today’s show features a panel with BD8 Capital Partners CEO Barbara Doran and Morgan Stanley global Chief Economist Seth Carpenter on the market’s initial rebound from Wednesday’s massive sell off and whether the fade into the close is a red flag for stocks. Oppenheimer’s Brian Nagel reacts to Nike’s results and Evercore ISI’s Jonathan Chappell weighs in on Fedex’s numbers. And Advent Managing Partner John Maldonado discusses whether the Fed hinting at fewer rate cuts next year could hurt the outlook for dealmaking in 2025. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.