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mike santoli.l next. ♪♪ ♪♪ ♪♪ ♪♪ this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. >>> back to the halftime report. tesla, with the model y and goldman slashing the price target on the stock from 190 to 220 and this follows ups last week. a lot of people taking the delivery numbers and when you hike in price do you think it's coming from a position of strength or a position of weakness? >> it's clearly coming from a position of weakness, and i think that tesla has broken momentum. i think that's very clear. obviously, we took a position in tesla at the end of january. we'll address that at the end of
mike santoli.l next. ♪♪ ♪♪ ♪♪ ♪♪ this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow...
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Mar 4, 2024
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mike santoli. final trades, we'll do those next. opportunities are everywhere you turn. tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. so this is pickleball? it's basically tennis for babies, but for adults. it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to worry about. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? got him. good game. thanks for coming to our clinic, first one's free. ♪ (captivating music) ♪ ♪ ♪ the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪) at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilitie
mike santoli. final trades, we'll do those next. opportunities are everywhere you turn. tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. so this is pickleball? it's basically tennis for babies, but for adults. it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to...
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Mar 21, 2024
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mike santoli with the "midday word."e, thank you very much. >>> coming up next our "call of the day" on adobe. bearish analyst activity on that stock. much more "halftime" coming up after this. >>> what others can learn from my journey as a female leader is really resilience and perseverance. many steps along the way i've experienced challenges and roadblocks, and having the ability to move past them to celebrate the small wins and take the challenges as they come has been a key part of getting me to this point. (music) have heart failure with unresolved symptoms? it may be time to see the bigger picture. heart failure and seemingly unrelated symptoms, like carpal tunnel syndrome, shortness of breath, and irregular heartbeat could be something more serious called attr-cm, a rare, underdiagnosed disease that worsens over time. sound like you? call your cardiologist, and ask about attr-cm. ♪ ♪ cal this is not justst, another e-class. because it evolves with you. it adapts to you. engineering. it is the first e-class made j
mike santoli with the "midday word."e, thank you very much. >>> coming up next our "call of the day" on adobe. bearish analyst activity on that stock. much more "halftime" coming up after this. >>> what others can learn from my journey as a female leader is really resilience and perseverance. many steps along the way i've experienced challenges and roadblocks, and having the ability to move past them to celebrate the small wins and take the...
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Mar 5, 2024
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>>> our senior markets commentator mike santoli with his "midday word."f the mega cap stocks remain upset for a bit, and as i was thinking about this, i looked down and nvidia goes green. i don't know what you want from me. >> it replains the most exceptional of the exceptional out there. that being said we've had on the nasdaq 100 in the last six months or so in this uptrend five touches of the 20-day average. this would be just the start of it. a fitful rotation. that said, as i was saying yesterday near the close, it feels the rhythms are off in the market. you did have so much hot money flow into some of the neglected corner, stuff ran really fast, you cleared out the short base. we'll see how the market handles that. the new high list, it's all of these big, important consumer industrial and financial stocks people own a lot of. nothing says it stops here either. >> a breather is okay, too. >> i know the market was kind of doing that but you're still at 5100, thereabouts, for the s&p. the russell is over 2060. we're still holding on to pretty good le
>>> our senior markets commentator mike santoli with his "midday word."f the mega cap stocks remain upset for a bit, and as i was thinking about this, i looked down and nvidia goes green. i don't know what you want from me. >> it replains the most exceptional of the exceptional out there. that being said we've had on the nasdaq 100 in the last six months or so in this uptrend five touches of the 20-day average. this would be just the start of it. a fitful rotation. that...
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Mar 8, 2024
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first, though, mike santoli is next with his "midday word" here at post 9. usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >>> senior markets commentator mike santoli for his "midday word." do you want to owe opine on this nvidia move, 10% intraday move on this name. >> we've been waiting
first, though, mike santoli is next with his "midday word" here at post 9. usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive...
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Mar 22, 2024
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senior markets commentator mike santoli joining us with his "midday word."ight now? >> i think we're seeing a well-deserved rest. the market is kind of stepping back and observing its work and likes what it sees. i think the big question, we kind of got all you would have wanted out of the three major known catalysts this week, the fed, the nvidia and all the rest of it and now everyone knows fully valued market, everyone has embraced the scenario. the market is acting well, very broad, a lot of new highs yesterday. the next source of energy might come from and in which direction. i think that's where we are. next week we get this pc inflation number at the end of the week. the market is in the mode of it's been a lot of gains in the first quarter of the year and how does that set us up for the next little bit. i do sense a little bit of rebalancing out of equities into fixed income only around the edges. it makes sense here. >> a little bit tongue-in-cheek, what do you think of small caps? every day people come on and say it's the year for small cams. tom l
senior markets commentator mike santoli joining us with his "midday word."ight now? >> i think we're seeing a well-deserved rest. the market is kind of stepping back and observing its work and likes what it sees. i think the big question, we kind of got all you would have wanted out of the three major known catalysts this week, the fed, the nvidia and all the rest of it and now everyone knows fully valued market, everyone has embraced the scenario. the market is acting well,...
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Mar 26, 2024
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and mike santoli will join us with his "midday word., finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. norman, bad news... pgim investments. i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... that's like $20 a month per unlimited line... i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? >>> our senior markets commentator mike santoli here at post nine. i guess we're up across the board. it feels like we're really not going to be willing to place any sort of bet especially given what happened with the most recent cpi and ppi >> i would say until you see pce, until you get through the end of the q
and mike santoli will join us with his "midday word., finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. norman, bad news... pgim investments. i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go....
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Mar 1, 2024
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great to have right now with us senior markets commentator mike santoli.joins us with his "midday word." we were just chatting about it. the market is hitting new highs. we've been worried about the narrowness of the market. after nvidia, we had our data team run the numbers. the magnificent seven just over 50% of the gains year to date. now the fantastic four or fab four -- i like fab four better -- 57% of the market gains. should we be worried? >> beatles fan, you prefer fab four. i don't think worried is the right posture here for that reason. you talk about the four stocks are 20% plus in the s&p and they're accounting for 52% of the upside over a two-month period, that doesn't sound that out of kilter to me. now the reason is because if you put it that way, the aggregate market cap gain is attributable to a handful of stocks gains, it looks concentrated. if you talk how many stocks are in a decent uptrend, it's much improved. i don't think it's obviously the most comprehensive, all inclusive rally we've ever seen, but it doesn't have to be. the equal
great to have right now with us senior markets commentator mike santoli.joins us with his "midday word." we were just chatting about it. the market is hitting new highs. we've been worried about the narrowness of the market. after nvidia, we had our data team run the numbers. the magnificent seven just over 50% of the gains year to date. now the fantastic four or fab four -- i like fab four better -- 57% of the market gains. should we be worried? >> beatles fan, you prefer fab...
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Mar 11, 2024
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. ♪ ♪ >>> we're back with our senior markets commentator mike santoli.es in the market this momentum reversal into some of the laggards. i'm sure you think it's too soon to declare a full trend change, but tell us how you're thinking about the markets today. >> yeah. for sure. it doesn't look like a whole lot except for the sharpness of the decline from friday's highs and most of these metrics. it hasn't done much to undo the buildup of outperformance, but i do think it's relevant that you're able to see the market so far more or less handle this. the s&p 500 is back to a level it was at a couple of weeks ago for the first time. so you have these repeated excuses for the market that maybe slow down, cool off, flatten out and it hasn't really caused damage. so the big concern for me is oh, no, the leadership has broken stride. it is, does that trigger some kind of other mechanical stress in the market and then we're starting to talk about another quant quake or armageddon and we're seeing no signs of that right now and that's the good news if we can diges
. ♪ ♪ >>> we're back with our senior markets commentator mike santoli.es in the market this momentum reversal into some of the laggards. i'm sure you think it's too soon to declare a full trend change, but tell us how you're thinking about the markets today. >> yeah. for sure. it doesn't look like a whole lot except for the sharpness of the decline from friday's highs and most of these metrics. it hasn't done much to undo the buildup of outperformance, but i do think it's...
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Mar 12, 2024
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mike santoli.e update from josh after this quick break. >>> one of the disadvantages that we might have as women becoming leaders in business is that there are fewer examples in the world of women in leadership positions or in certain industries. if i dwelled too much on that fact, i might not have had the courage in the home construction bunesiss, and now my presence as a leader in the industry hopefully provides one more example. personalized financial advice from ameriprise can do more than help you reach your goals. -you can make this work. -we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo ♪ >>> a
mike santoli.e update from josh after this quick break. >>> one of the disadvantages that we might have as women becoming leaders in business is that there are fewer examples in the world of women in leadership positions or in certain industries. if i dwelled too much on that fact, i might not have had the courage in the home construction bunesiss, and now my presence as a leader in the industry hopefully provides one more example. personalized financial advice from ameriprise can do...
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we'll be right back with mike santoli and his "midday word." - so this is pickleball? - pickle! ah, these guys are intense. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? (announcer) frustrated with your weight and worried about your health? it's time for golo, the natural weight loss solution used by over five million people. get started with your free golo for life plan and learn the facts about willpower, your metabolism, and how to achieve lasting weight loss. this highly effective plan is a must-have for anyone who wants to lose weight without starvation dieting. head to golo.com now and get the golo for life plan delivered right to your door. no credit card is required. it gets better. act now and you'll also get free instant access to mygolo.com for community support and coaching on your weight loss journey with no monthly fees. with golo, you can lose weight without ever paying for onl
we'll be right back with mike santoli and his "midday word." - so this is pickleball? - pickle! ah, these guys are intense. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? (announcer) frustrated with your weight and worried about your health? it's time for golo, the natural weight loss solution used...
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senior markets commentator mike santoli joins us with his "midday word."mike, a lot of focus on the 10 year, it's touched 4.30. we've talked about the weakness in tech. i'm wondering if tech is weak, can we broaden out anywhere else if yields are still this high? >> it's been the pattern that has been a struggle for the majority of stocks to do well when yields are higher. i guess the market is sort of putting on a braver face than i might have anticipated. today, if we finish lower on the s&p 500, the seventh down day in the last ten and yet we're up over that period of time. two big 1% gains of the the market is sort of going sideway as little bit under the surface. it's trying to digest this big rally. i thought for a couple of weeks any upside above, like, 5050 felt like an overshoot. it was all about just ever higher momentum aggression in some of the big semi names. but if this is the character of the digestion that we get, it's probably okay. but, the fed will determine some of that next week and the bond market is a little more sensitive. >> that's
senior markets commentator mike santoli joins us with his "midday word."mike, a lot of focus on the 10 year, it's touched 4.30. we've talked about the weakness in tech. i'm wondering if tech is weak, can we broaden out anywhere else if yields are still this high? >> it's been the pattern that has been a struggle for the majority of stocks to do well when yields are higher. i guess the market is sort of putting on a braver face than i might have anticipated. today, if we finish...
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Mar 20, 2024
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. >>> up next, mike santoli with his "midday word." coming up tomorrow at 1:00 p.m.tern, join the virtual cnbc equity in opportunity forum. i will be speaking with corporate leaders. scan the qr code to register. ♪ ♪ this is not just another e-class. because it evolves with you. it adapts to you. engineering. it is the first e-class made just for you. for you. for you. this is not just design because your e-class... it adapts to you. it recognizes you. understands you. empowers you. energizes you. feels you. it evolves with you. the new e-class. ♪ ♪ how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s. bank is for. huge relief. yeah... ♪ (jennifer) the reason why golo customer
. >>> up next, mike santoli with his "midday word." coming up tomorrow at 1:00 p.m.tern, join the virtual cnbc equity in opportunity forum. i will be speaking with corporate leaders. scan the qr code to register. ♪ ♪ this is not just another e-class. because it evolves with you. it adapts to you. engineering. it is the first e-class made just for you. for you. for you. this is not just design because your e-class... it adapts to you. it recognizes you. understands you....
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mike santoli joining us from the new york stock exchange.ike, a day like this kind of expected after the rally that we've seen? >> for sure, court. in fact, maybe multiple days like this just because the s&p 500 managed about a 25% gain off the october low. we have only had two down weeks in 4.5 months. all those things suggest there's room for relatively routine backing up of the indexes. what is going on below the surface is a fit full rotation happening. the big winners in the nasdaq 100 in tech have been giving back some of those outsized gains you've been mentioning. you still have a 50/50 up-down split on the new york stock exchange. it's not like everything is for sale. the s&p 500 is back to levels we first got to only about ten days ago on the upside. again, it is pretty much a skimming of the froth. but we would be mindful of just exactly how stupendously overbought things like semiconductors got and other parts of the high momentum areas of this market so you can't just say it's a one day and done. >> mike, it's pretty interesting
mike santoli joining us from the new york stock exchange.ike, a day like this kind of expected after the rally that we've seen? >> for sure, court. in fact, maybe multiple days like this just because the s&p 500 managed about a 25% gain off the october low. we have only had two down weeks in 4.5 months. all those things suggest there's room for relatively routine backing up of the indexes. what is going on below the surface is a fit full rotation happening. the big winners in the...
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Mar 14, 2024
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mike santoli is next. [phone: starting route.] technology helps us navigate to work. go straight.] but, to navigate the complexities of modern work... [phone: turn left.] ...you need more than technology. you need cdw. [phone: you have arrived.] so we'll implement cloud based microsoft modern work solutions like microsoft 365, teams and azure, so your teams can collaborate with zero trust security anywhere. [phone: destination ahead.] microsoft makes modern work possible. cdw makes it powerful. >>> senior markets commentator mike santoli joins us now with his "midday word." after ppi, i guess we're turning our attention to powell midweek. >> yeah, for sure. the initial attention has to be on the bond market reaction to ppi as the second or depending on how you count it, the third hotter than expected inflation report. scott, i've been talking about giving the market credit for being able to protect itself through rotation over this period. the last couple weeks have thought and said that there's a lot to ask for that choreography to be perfect and completely hold the
mike santoli is next. [phone: starting route.] technology helps us navigate to work. go straight.] but, to navigate the complexities of modern work... [phone: turn left.] ...you need more than technology. you need cdw. [phone: you have arrived.] so we'll implement cloud based microsoft modern work solutions like microsoft 365, teams and azure, so your teams can collaborate with zero trust security anywhere. [phone: destination ahead.] microsoft makes modern work possible. cdw makes it powerful....
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Mar 28, 2024
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we're back senior markets commentator mike santoli here with his "midday word."r thoughts >> it's hard to quibble with what the market's been doing and why it's been doing it i think you were going through all of the list of the asset side of the ledger here, and it's getting realized in the market the behavior of the market itself is probably its best-selling point because its ability to get and stay overbought, the way the rallies go, what it means when breadth has been expanding no major peak. put it off to the side then what? then what is, you know, manage your expectations a little bit i think it's useful to think of where we were six months ago six months ago we don't have enough buyers for all the treasury bonds yields are going to go up. the economy is not going to handle it. earnings are never coming back it's over. six months later we can't find a negative thing to say about the economy. it's just a matter of be aware of the ebb and flow. you do have sentiment starting to get happy it's not a fatal flaw. it's just a bull market. when it's a bull market,
we're back senior markets commentator mike santoli here with his "midday word."r thoughts >> it's hard to quibble with what the market's been doing and why it's been doing it i think you were going through all of the list of the asset side of the ledger here, and it's getting realized in the market the behavior of the market itself is probably its best-selling point because its ability to get and stay overbought, the way the rallies go, what it means when breadth has been...
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Mar 25, 2024
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mike santoli here to break down the crucial moments of the day, plus julia boorstin on disney.n odd wooek we're beginning. yes, it's the last of the month. markets closed for good friday >> it doesn't seem like there's a ton in terms of the known macrocatalyst. that being the case, it's really about how much we're up over various time spans and whether that tells us that we envelope further upside to go in other words, does strength beget strength or is it payback time everything you look at, how many times we go 100 days without a 2% pullback, how many times up five straight months, how many times up 10% or so in the first quarter. all these things, you line them up, and they say something similar, which is you probably shouldn't be surprised if you have a little chop in the short-term and maybe have a random pullback. but almost overwhelmly, 85, 90% of the time, you're up at the end of the calendar year >> every time it's felt like payback time, it hasn't materialized more than a little bit. >> exactly the market itself is telling you, this is not how it behaves at an ultimat
mike santoli here to break down the crucial moments of the day, plus julia boorstin on disney.n odd wooek we're beginning. yes, it's the last of the month. markets closed for good friday >> it doesn't seem like there's a ton in terms of the known macrocatalyst. that being the case, it's really about how much we're up over various time spans and whether that tells us that we envelope further upside to go in other words, does strength beget strength or is it payback time everything you look...
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Mar 7, 2024
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. >> welcome to closing bell i am at mike's and totally in for -- mike santoli in for scott walker. if that weren't enough fed chair powell leaving expectations of summertime rate cuts or at least one intact. the rally is relatively broad today. you have two thirds of all stocks higher. even energy coming to life just a little bit. nvidia, about three or 4% all day, no real news, 3 1/2%. approaching apples weight in the s&p 500 so there is plenty to like and investors are loving it. there are signs of rapid optimism in mergers and surveys. that brings us to our talk of the tape, we asked cameron dawson. also cnc -- cnbc contributor. if you are looking at the behavior of the market it got over bought and it is saying that way. that is usually a sign of a pretty durable rally. with stocks at record high, the economy looking okay, you have the fed not doing anything today stop thinking about rate cuts. i think it is one of those situations where is the only bare case that there is no bear case? >> right now they are not giving any reason to pause this momentum. to your point you are st
. >> welcome to closing bell i am at mike's and totally in for -- mike santoli in for scott walker. if that weren't enough fed chair powell leaving expectations of summertime rate cuts or at least one intact. the rally is relatively broad today. you have two thirds of all stocks higher. even energy coming to life just a little bit. nvidia, about three or 4% all day, no real news, 3 1/2%. approaching apples weight in the s&p 500 so there is plenty to like and investors are loving it....
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Mar 18, 2024
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. >> i was going to start with mike santoli. over to our senior markets correspondent mike santoli.still seems to be up for equities were in spite of, i don't know, keep paring back on rate cuts. still the glow in a.i. has us movie higher? >> a lot of that, not all of it. you've had a slowing down of the rally in the face of the higher bond yields. in the rethink on the fed path. you've seen seven of the last ten trading days s&p down. except open today at these, if futch efs hold above than beginning of that period. very, very small decline. tech consolidating. microsoft done nothing for, like a month. nvidia even hasn't made a new closing high in a whole tell days net the market so far is holding a high upturn from the october lows. that's key. bounced off at this level a handful of times. there's been rotation, of course, today, if you see another jolt of ximts ahead of that nvidia event and alphabet and apple also. so far hanging together at this point. even though seems as if sentiment's getting a little overexcited arguably on some measures. there has been rotation. look on ye
. >> i was going to start with mike santoli. over to our senior markets correspondent mike santoli.still seems to be up for equities were in spite of, i don't know, keep paring back on rate cuts. still the glow in a.i. has us movie higher? >> a lot of that, not all of it. you've had a slowing down of the rally in the face of the higher bond yields. in the rethink on the fed path. you've seen seven of the last ten trading days s&p down. except open today at these, if futch efs...
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Mar 13, 2024
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maybe mike santoli knows. for more on the markets bring in our own mike santoli. the equities markets, mike. maybe not the bond market quite as much. >> they were, joe i think the stock market didn't use it as an excuse to have this weighted pullback. a lot of internal drivers hotter than expected core cpi and how much or little it will translate into the pce inflation. slicing and dicing of that number. sensitive to the idea, i think, maybe we have sticky inflation. other things the market seems to seize upon. take a look. s&p 500 one year, about a two-day wobble. momentum trade a slight reversal. invedia down 10% less than two days bounced yesterday and result here again a really persistent uptrend pup see briefer and shallowing pullbacks along the way. i still with, didn't cool off much. might not be far from that moment again where it's like either simmer down or we're going to boil over if things like nvidia don't maybe calm down. a lot of focus on this momentum factor trade. whether actually still vulnerable to some kind of reset. now, financials. just over
maybe mike santoli knows. for more on the markets bring in our own mike santoli. the equities markets, mike. maybe not the bond market quite as much. >> they were, joe i think the stock market didn't use it as an excuse to have this weighted pullback. a lot of internal drivers hotter than expected core cpi and how much or little it will translate into the pce inflation. slicing and dicing of that number. sensitive to the idea, i think, maybe we have sticky inflation. other things the...
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Mar 11, 2024
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could this be a short-term move or as mike santoli writes, could the terrible friday be a most mo momentumd? joining us is our guests. how should we view everything with nvidia and apple? the momentum trade. has it stalled out? what is your take? >> i'll start with nvidia. the first ten weeks of the year, they are up 81%. on friday, they were down 5%. you know, the math on that is still pretty good. i like nvidia. i think it is overbought and overpriced. i like it. it is a solid company. because it has the meme stock philosophy doesn't mean anything. it is real leadership. i think if some of the bigger funds that have bought in over the last year and a half are locking in gains hshow there is are retail investors looking to get in the company. >> craig, i want to get the technical take of what we are seeing. in your mind, when it comes to momentum trade, did that action on friday change the narrative with the mega cap tech trade? >> frank, it is starting to change. just looking at the price action and the big outside day on nvidia last week. if you look at the long-term chart, this is the
could this be a short-term move or as mike santoli writes, could the terrible friday be a most mo momentumd? joining us is our guests. how should we view everything with nvidia and apple? the momentum trade. has it stalled out? what is your take? >> i'll start with nvidia. the first ten weeks of the year, they are up 81%. on friday, they were down 5%. you know, the math on that is still pretty good. i like nvidia. i think it is overbought and overpriced. i like it. it is a solid company....
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Mar 28, 2024
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our senior markets commentator mike santoli is here to talk about that. >> look, 2019, it was a prettyof the things that, when you look at how does the market tend to behave after it's done what it's done in the last five months, it's not an ultimate peak i would argue the last three months, obviously the first quarter, has been the market answering the main complaints we had against it going into the year it's overaligned on a handful of stocks and, oh, no if the magnificent don't go higher, we're in trouble and b, rates cut both of those things have gone by the wayside nvidia, granted is about half of the net upside in the s&p 500 for the first quarter. if it weren't there, you're up 5% 21 new record highs in the first three months of the year after not having had one in more than two years. all to the good. i would argue that, if we are going to play the game of is this a 1995 best case scenario soft landing, there's nothing that's happened this year that argues strenuously against that. you can keep that as your upside case i would say the momentum sector of the market is the one a
our senior markets commentator mike santoli is here to talk about that. >> look, 2019, it was a prettyof the things that, when you look at how does the market tend to behave after it's done what it's done in the last five months, it's not an ultimate peak i would argue the last three months, obviously the first quarter, has been the market answering the main complaints we had against it going into the year it's overaligned on a handful of stocks and, oh, no if the magnificent don't go...
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Mar 19, 2024
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i'm sara eisen with mike santoli.f ed will start cutting in june and continue for the next year and a half. >>> everything you need to know from cnbc's exclusive interview with nvidia ceo jensen huang. >> a look at the housing sector and what new data means about being a buyer in this market
i'm sara eisen with mike santoli.f ed will start cutting in june and continue for the next year and a half. >>> everything you need to know from cnbc's exclusive interview with nvidia ceo jensen huang. >> a look at the housing sector and what new data means about being a buyer in this market
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Mar 7, 2024
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. >> welcome to closing bell i am at mike's and totally in for -- mike santoli in for scott walker.s of summertime rate cuts or at least one intact. the rally is relatively broad today.
. >> welcome to closing bell i am at mike's and totally in for -- mike santoli in for scott walker.s of summertime rate cuts or at least one intact. the rally is relatively broad today.
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Mar 25, 2024
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santoli. midday word is next. right. work. you worked hard and it's time for a bank that'll work hard for you. everbank performance savings is built to put your money to work with some of the highest rates in the country . going, got you where you want to be. we're the partners for your next move. everbank. advantage, you. ♪ ♪ this is not just another e-class. because it evolves with you. it adapts to you. engineering. it is the first e-class made just for you. for you. for you. this is not just design because your e-class... it adapts to you. it recognizes you. understands you. empowers you. energizes you. feels you. it evolves with you. the new e-class. ♪ ♪ when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll
santoli. midday word is next. right. work. you worked hard and it's time for a bank that'll work hard for you. everbank performance savings is built to put your money to work with some of the highest rates in the country . going, got you where you want to be. we're the partners for your next move. everbank. advantage, you. ♪ ♪ this is not just another e-class. because it evolves with you. it adapts to you. engineering. it is the first e-class made just for you. for you. for you. this is not...
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Mar 12, 2024
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we have ppi, wholesale inflation as well as the fed meeting next week. >> mike santoli, thank you veryuch. >>> our next guest says sticky services inflation is a problem that the fed just can't shake. but he doesn't think today's cpi report changes the fed's plan to start cutting rates some time this summer. jason pride is chief investment officer of private clients at glen mead. jason, welcome. my notes indicate you think most of the indicators macro wise are moving back towards normal. what does that mean for equities then. >> thanks for having me on, tyler. look, we are getting -- we've been through a fairly long period of abnormal that started with the great financial crisis, went through we had brexit, european debt crisis, we had a pandemic, we had a long period of near 0% interest rates and inflation below 2%, actually averaging about 1, 1.5%. this has been a really long, unusual stretch of time that the markets and economy have been through. and the latest say year, year and a half is actually looking more normal than we have seen since the great financial crisis. so i think th
we have ppi, wholesale inflation as well as the fed meeting next week. >> mike santoli, thank you veryuch. >>> our next guest says sticky services inflation is a problem that the fed just can't shake. but he doesn't think today's cpi report changes the fed's plan to start cutting rates some time this summer. jason pride is chief investment officer of private clients at glen mead. jason, welcome. my notes indicate you think most of the indicators macro wise are moving back towards...
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Mar 15, 2024
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i'm sara eisen with mike santoli live from the floor of the new york stock exchange. course of federal reserve rate cuts. pimco economist tiffany wilding is with us. >> bill rudin on a banking crisis and uptick in leasing volumes in new york city. >>> a mixed bag for retail. big swings in names like ulta, dick's, dollar general and dollar tree this week. the read on the u.s. consumer this hour. >>> right now, though, in the markets, we
i'm sara eisen with mike santoli live from the floor of the new york stock exchange. course of federal reserve rate cuts. pimco economist tiffany wilding is with us. >> bill rudin on a banking crisis and uptick in leasing volumes in new york city. >>> a mixed bag for retail. big swings in names like ulta, dick's, dollar general and dollar tree this week. the read on the u.s. consumer this hour. >>> right now, though, in the markets, we
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Mar 18, 2024
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i'm mike santoli in for scott wapner. this make or break hour begins with stocks working hard to hold gains for apple as the street waits for a pair of crucial events in coming days. nvidia shares up pretty small, especially for nvidia. ahead of ceo jensen huang's keynote in the next hour. you see it up less than 1%. while treasury yields pushed to three-month highs as suspense builds over a fed meeting that comes after an uptick in inflation that stoked more uncertainty over the outlook for rate cuts, 4.35 on the ten-year. the s&p 500 has been higher all day. it is definitely a top heavy move. you see it up 0.8%. the equal weighted up too. nasdaq up by a full percent. alphabet as mentioned popping this morning. it is now up about 4.3% and the biggest upside contributor. apple is ahead as well, 1.4% on reports that apple might use google's zoo -- a.i. capabilities in the iphone. crude up another the high since halloween. it leads to the talk of the tape. based on a goldilocks economy, a.i. excitement and prospect of an ea
i'm mike santoli in for scott wapner. this make or break hour begins with stocks working hard to hold gains for apple as the street waits for a pair of crucial events in coming days. nvidia shares up pretty small, especially for nvidia. ahead of ceo jensen huang's keynote in the next hour. you see it up less than 1%. while treasury yields pushed to three-month highs as suspense builds over a fed meeting that comes after an uptick in inflation that stoked more uncertainty over the outlook for...
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Mar 22, 2024
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. >>> of hello, i'm mike santoli in for scott wapner. a fifth straight monthly gain if it lasts through next week with all of the bull market drivers engaged of the s&p 500 on a flat line but that sits on a 2.4% gain week to date. big neck reasserting leadership behind nvidia. the s&p 500's largest upside contributor both today and this week, after the splashy developers conference. the stock up almost 3% today. healthy economic readings an
. >>> of hello, i'm mike santoli in for scott wapner. a fifth straight monthly gain if it lasts through next week with all of the bull market drivers engaged of the s&p 500 on a flat line but that sits on a 2.4% gain week to date. big neck reasserting leadership behind nvidia. the s&p 500's largest upside contributor both today and this week, after the splashy developers conference. the stock up almost 3% today. healthy economic readings an
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Mar 18, 2024
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i'm mike santoli in for scott wapner.stocks working hard to hold gains for apple as the street waits for a pair of crucial events in coming days. nvidia shares up pretty small, especially for nvidia. ahead of ceo jensen huang's keynote in the next hour. you see it up less than 1%. while treasury yields pushed to three-month highs as suspense builds over a fed meeting that comes after an uptick in inflation that stoked more uncertainty over the outlook for rate cuts, 4.35 on the ten-year. th
i'm mike santoli in for scott wapner.stocks working hard to hold gains for apple as the street waits for a pair of crucial events in coming days. nvidia shares up pretty small, especially for nvidia. ahead of ceo jensen huang's keynote in the next hour. you see it up less than 1%. while treasury yields pushed to three-month highs as suspense builds over a fed meeting that comes after an uptick in inflation that stoked more uncertainty over the outlook for rate cuts, 4.35 on the ten-year. th
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Mar 19, 2024
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up next, mike santoli joins us for his "midday word." stick with us.time report" will be right back. >>> more than 600,000 individuals will lose their life from cancer. i'm so interested in not just medicine but also the business of medicine and how we can accelerate progress through cancer by adopting a business mind-set toward doing good in the world. [thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo ♪ >>>
up next, mike santoli joins us for his "midday word." stick with us.time report" will be right back. >>> more than 600,000 individuals will lose their life from cancer. i'm so interested in not just medicine but also the business of medicine and how we can accelerate progress through cancer by adopting a business mind-set toward doing good in the world. [thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that...
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Mar 22, 2024
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. >>> of hello, i'm mike santoli in for scott wapner. stocks with a winning week this month and what would be a fifth straight monthly gain if it lasts through next week with all of the bull market drivers engaged of the s&p 500 on a flat line but that sits on a 2.4% gain week to date. big neck reasserting leadership behind nvidia. the s&p 500's largest upside contributor both today and this week, after the splashy developers conference. the stock up almost 3% today. healthy economic readings and healthy capital spending. clicking to a new high earlier this morning. and a dovish message from the fed, looking at treasury yields, down in a more comfortable zone, for equity investors, the 10-year note, back down to 4.22. so here's the report card with 60 minutes to go in regulation. you can see the nasdaq, up about a quarter of a percent. modest gains. but certainly hanging on to a strong week. the russell 2000 giving back sot. so outperformance down almost 1% on the day. that all takes us to the talk of the tape. with investors squarely fo
. >>> of hello, i'm mike santoli in for scott wapner. stocks with a winning week this month and what would be a fifth straight monthly gain if it lasts through next week with all of the bull market drivers engaged of the s&p 500 on a flat line but that sits on a 2.4% gain week to date. big neck reasserting leadership behind nvidia. the s&p 500's largest upside contributor both today and this week, after the splashy developers conference. the stock up almost 3% today. healthy...
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Mar 4, 2024
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cnbc senior market commentator mike santoli, let's get going.t of it now. leslie on the ongoing sellout. that is going the other way from new york bank shares. here with, you a little bit of selling as we head towards the close here. really, it is all about nvidia, it's about bitcoin, and whatever else you wanted to be about. >> normally a day where the indexes are so tightly flatlined. you say okay, that's kind of boring, boring is bullish in markets. i usually see a lot of push and pull underneath as well today. the winners are winning even more, the losers are actually undergoing some pretty heavy selling pressure. if i look at the bottom performance of the s&p today, it is tesla, paramount, warner brothers, that charter and phase. all down 20 to 50, 60% off of their highs. it is this big relative value. just kind of pressing his. so i'm not looking for a reason to be negative, but there's a lot of internal friction going on in these markets right now. the wrestle 5000, turning negative right now. just 16 bucks off the high. there's a lot of
cnbc senior market commentator mike santoli, let's get going.t of it now. leslie on the ongoing sellout. that is going the other way from new york bank shares. here with, you a little bit of selling as we head towards the close here. really, it is all about nvidia, it's about bitcoin, and whatever else you wanted to be about. >> normally a day where the indexes are so tightly flatlined. you say okay, that's kind of boring, boring is bullish in markets. i usually see a lot of push and pull...
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Mar 7, 2024
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our senior markets commentator mike santoli joins us for his "midday word." much of the same story. apple remains a little bit of an atm for people. and nvidia is where the cash seems to be going. >> yeah. and i don't know if it's really about taking cash out from one place and putting it in the other. i think both of them are manifestations of the momentum trade being pushed and pushed and pushed. it hasn't broken yet, but it's gotten stretched. if you think about it, the momentum factor is, long in the stuff that's worth a lot, short the laggards, or at least underweight the laggards. so that continues to be way we look at it. apple looks like it's trying to find its footing. i think broadly speaking, what you said is the same story is really what's going on here. there's just not a lot to complain about in terms of the actual action. the market is broad enough. i think the one thing that makes you uncomfortable is it's almost the collective agreement that everything is going right. you know, we have a line of sight toward rate cuts with markets at all-time highs, credit spread is
our senior markets commentator mike santoli joins us for his "midday word." much of the same story. apple remains a little bit of an atm for people. and nvidia is where the cash seems to be going. >> yeah. and i don't know if it's really about taking cash out from one place and putting it in the other. i think both of them are manifestations of the momentum trade being pushed and pushed and pushed. it hasn't broken yet, but it's gotten stretched. if you think about it, the...
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Mar 6, 2024
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mike santoli has come to the desk as well what do you make of just these general events today, nycb or chair powell himself >> i would say chair powell. i would agree there's more reiteration than anything else, and he just didn't send the signal as being somebody who was trying to gather up excuses to do anything but follow the plan, which is as soon as you get pretty consistent further affirmation of where inflation is headed and it's benign, he will not be alarmist about the january date, about gasoline prices ticking up, then we can sort of go in that assumption that the next move is down this is a very long pause for the fed. you have to keep that in mind. normally in other cycles they've tended to follow the last hike with a cut within several months so if you get to june, it's going to be time and i think the bond market has seized upon any hint of deceleration in the economy to have those yields come down. they're following global yields. so it's a benign setup, i think, for stocks in that regard. that said, another one of these one-day shakeouts. we've had one every month goin
mike santoli has come to the desk as well what do you make of just these general events today, nycb or chair powell himself >> i would say chair powell. i would agree there's more reiteration than anything else, and he just didn't send the signal as being somebody who was trying to gather up excuses to do anything but follow the plan, which is as soon as you get pretty consistent further affirmation of where inflation is headed and it's benign, he will not be alarmist about the january...
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Mar 11, 2024
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joining us, mike santoli. >> hello.ty sharp reversal on highest momentum areas of the market. look how the s&p shapes up. it's been mostly reward and not a lot of risk since october. very, very strong orderly uptrend. 25% low to high. kind of built on all of the economic optimism. soft landing expectations. fed's going to cut rates into a record high stock market. a lot into the market and high octane action in things like nvidia. nikkei in japan strongest momentum trade in the world had reversal as currency and rates reversed in japan. now is it a gut check on the most popular trades? look at momentum segment of the s&p 500 against the calmest part of the s&p 500. the s&p low volatility versus s&p momentum. really matched up pretty well back when in a defensive-type market. 2023, most of it. then you see liftoff. nvidia, meta, lilly, costco, the strongest stocks. just that little sharp downtick at the end there. the question is, are we going to have a greater unwind? creating instability in the tape? look at the volati
joining us, mike santoli. >> hello.ty sharp reversal on highest momentum areas of the market. look how the s&p shapes up. it's been mostly reward and not a lot of risk since october. very, very strong orderly uptrend. 25% low to high. kind of built on all of the economic optimism. soft landing expectations. fed's going to cut rates into a record high stock market. a lot into the market and high octane action in things like nvidia. nikkei in japan strongest momentum trade in the world...
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Mar 15, 2024
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our good friend and senior markets commentator mike santoli is standing by looking at the markets. andrew, that yield move that got the ten year up to around 430 yesterday definitely got the market's attention. one of the themes running through. figuring out if we have to rethink the rate path, inflation path. nothing to decisive yet. you see here s&p 500 over the last six months along with equal-weighted version of it. equal weight in orange outperformed off the october low then slowed down a little. we know about mega cap dominance, nvidia's outsized role. we saw yesterday equal weight, broader, you know, kind of population of stocks suffered more as did small caps with that yield move higher. that's the pattern. market's able to broaden when yields are tame and lower. had a harder time doing that when yields have been going up. here is a one-year look at the ten year yield. essentially challenging just the upper end of this range we've been in since this, start of december. really since the december fed meeting went essentially rate cuts were put on the table by powell. that was
our good friend and senior markets commentator mike santoli is standing by looking at the markets. andrew, that yield move that got the ten year up to around 430 yesterday definitely got the market's attention. one of the themes running through. figuring out if we have to rethink the rate path, inflation path. nothing to decisive yet. you see here s&p 500 over the last six months along with equal-weighted version of it. equal weight in orange outperformed off the october low then slowed...
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Mar 13, 2024
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. >> thanks, bob and mike santoli. >>> we'll take you to d.c.xt hour to watch for the house vote to ban tiktok. don't go anywhere. ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) they're waiting for you. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow. with everything you need to deliver, you guessed it... more. one more thing... who's your rock? learn more at prudential.com >>> good wednesday morning welcome to another hour of "squawk on the street" i'm carl quintanilla with leslie picker and david faber live at post nine of the
. >> thanks, bob and mike santoli. >>> we'll take you to d.c.xt hour to watch for the house vote to ban tiktok. don't go anywhere. ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us....
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Mar 20, 2024
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i'm sara eisen live with mike santoli.listening for this afternoon during the fed decision and news conference. >> and then intel awarded $8.5 billion in chips acts grants with billions more in incentives. stock off its early highs. we are live on the ground in arizona this hour. >>> plus, some are calling it 2024's first a
i'm sara eisen live with mike santoli.listening for this afternoon during the fed decision and news conference. >> and then intel awarded $8.5 billion in chips acts grants with billions more in incentives. stock off its early highs. we are live on the ground in arizona this hour. >>> plus, some are calling it 2024's first a
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Mar 12, 2024
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i'm carl quintailla with mike santoli. david faber is at hq. cramer has the morning off.uture holding on to gains even though monthly core cpi comes in about a tenth hot, more han half driven by gas. rate cut odds largely stable. future swing as inflation does tick higher. jamie dimon says the economy is booming but a recession may still be on the table. >> plus, quote, enormous amounts of demand. oracle's cloud revenue surging by growing ai needs. the boeing challenge citing delayed aircraft deliveries, rethinking the 2024 financial forecast. >>> let's begin with the market reaction to cpi. we mentioned a tenth hot at .4. shelter and gas 60% of that. surprises in here, mike. apparel up .6%, a topic of discussion. >> yes. i think what the market did, there was a quick reflection when they said, okay, this is hotter than expected. stocks back up. then the rethink was, well, the things that matter and that will translate into what the pce inflation number is going to say combined with how high a threshold was set by powell last week for changing their premise that they are
i'm carl quintailla with mike santoli. david faber is at hq. cramer has the morning off.uture holding on to gains even though monthly core cpi comes in about a tenth hot, more han half driven by gas. rate cut odds largely stable. future swing as inflation does tick higher. jamie dimon says the economy is booming but a recession may still be on the table. >> plus, quote, enormous amounts of demand. oracle's cloud revenue surging by growing ai needs. the boeing challenge citing delayed...
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Mar 8, 2024
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we want to start the hour by getting right over to our senior markets commentator mike santoli.ll said in the last couple of days? >> you mentioned, becky, the move down in treasury yields. seems to be part of the buffer helping stocks. maybe pause in the index. if we get a pause or pullback, well deserved. a tight persistent trend all year. look how the hugged that upper sort of line of this trend, and didn't have any liquidity. a lot of this is, of course, things like nvidia. the engine of piling on market cap almost without any day-to-day news. bias to the upside but not just the handful of stocks working. take a look at the midcap 400. this obviously right below the s&p 500 in terms of size of company on a five-year chart. hasn't been doing much for a while and a lot of people complaining that the market has been insufficiently broad. that's sort of haltingly starting to change. a nice rally from october, but hard to watch. we broke to a new high, though, right around that level from a couple years ago. late 2021. a little bit of confirmation there's more demand outside of m
we want to start the hour by getting right over to our senior markets commentator mike santoli.ll said in the last couple of days? >> you mentioned, becky, the move down in treasury yields. seems to be part of the buffer helping stocks. maybe pause in the index. if we get a pause or pullback, well deserved. a tight persistent trend all year. look how the hugged that upper sort of line of this trend, and didn't have any liquidity. a lot of this is, of course, things like nvidia. the engine...
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bring in our senior markets commentator mike santoli. mike, what are you watching today? jay powell says. watching from a high perch. yesterday 18th s&p 500 knew all-time high of this calendar year. that's basically a record pace of all-time highs. go back decades. the most record high s&p done in a calendar year around 72. we got 18 and about a quarter. that basically annualized to just about best ever. can't obviously counter on us continuing to click thus way. i point out we've flattened outalities in the s&p the last weeks. churn underneath the surface. much of technology has actually sort of lost a little bit of momentum, but enough things are working we are clicking higher. you minced the bond market. i like to look at government bonds in price terms getting a sense where buyers might want to come in, where they have in the past. this is the government, u.s. treasury etf of all maturities average maturity nets out to about seven, eight years. you see a line. basically aside tr that liquidation we had back in the late summer and the fall when ten year went to 5% peop
bring in our senior markets commentator mike santoli. mike, what are you watching today? jay powell says. watching from a high perch. yesterday 18th s&p 500 knew all-time high of this calendar year. that's basically a record pace of all-time highs. go back decades. the most record high s&p done in a calendar year around 72. we got 18 and about a quarter. that basically annualized to just about best ever. can't obviously counter on us continuing to click thus way. i point out we've...
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Mar 14, 2024
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. ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with mike santolidavid faber here at post nine of the new york stock exchange. cramer has the morning off. for the second time this week, stocks taking a glass half full view on some hot eco-data, this time ppi doubling expectations. ten-year almost hits highs for the month. our road map begins with that other key read on inflation, ppi higher than expected. >>> plus tesla shares, well, they continue to have a very rocky ride this year. in fact, they are the worst-performing stocks so far on the s&p for 2024. another firm cuts their price target on that stock. >>> and former treasury secretary steven mnuchin telling cnbc just last hour that he is putting together an investor group to try to buy tiktok or the u.s. business of tiktok. >>> let's begin with the market reaction to ppi and retail sales as well. last month's decline, a little bit tight. >> as you mentioned, the market trying to look past it, struggling to do so, maybe. cpi this week, you had these big treasury auctions that maybe we thought i
. ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with mike santolidavid faber here at post nine of the new york stock exchange. cramer has the morning off. for the second time this week, stocks taking a glass half full view on some hot eco-data, this time ppi doubling expectations. ten-year almost hits highs for the month. our road map begins with that other key read on inflation, ppi higher than expected. >>> plus tesla...
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Mar 4, 2024
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senior markets commentator mike santoli is here to help us break down things, fresh off a column lookingket. what is the belief phase? >> i would argue if you went back two or three months there was a lot of fighting the up trend, denying it was sustainable. there was a pretty high level of caution out there, and i think it largely related to the common complaint that whole market was dependent on six stocks and if they manage to falter we were in trouble. the other piece built exclusively on the fed cutting rates soon and deep and both those things have basically been called into question. we've had the magnificent seven whittled down to a couple leading and fed rate cut expectations have gone down and allow that wall of worry to come down. high nominal growth in yields. the belief phase means you can't really lean on this reservoir of skepticism that we're going to feed off for a while. it has to be earnings growth continuing. the speculative juices flowing through this market are undeniable and threaten to get us to this unstable euphoric state. i don't know that we're there right now
senior markets commentator mike santoli is here to help us break down things, fresh off a column lookingket. what is the belief phase? >> i would argue if you went back two or three months there was a lot of fighting the up trend, denying it was sustainable. there was a pretty high level of caution out there, and i think it largely related to the common complaint that whole market was dependent on six stocks and if they manage to falter we were in trouble. the other piece built...
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i'm sara eisen with mike santoli live from the floor of the new york stock exchange.t on why moderating inflation around the globe won't do much to change central policy. >>> zealen pharma soaring after promising weight loss drug results. the ceo is with us
i'm sara eisen with mike santoli live from the floor of the new york stock exchange.t on why moderating inflation around the globe won't do much to change central policy. >>> zealen pharma soaring after promising weight loss drug results. the ceo is with us
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. >>> over to our senior markets commentator mike santoli, and, mike, i don't know what you're watchingbout apple. finally hit the law of large numbers? mike? >> well i don't know if you have to worry about apple too much. also, not really what the law of large numbers means. one of my pet peeves. >> tell me. >> well, just -- >> can't go to the sky. not double. >> base effects are so big. exactly. so, no. i don't think that's necessarily true. if that's the case it also should be hitting microsoft. i think in a lull. not been a growth story in a long time. what i think is interesting, proven out multiple times over the last say 15 years in the iphone era that apple is not really always a bellwether for the broad market. kind of goes its own way, in sprints, consolidates for long periods of time. s&p 500 able to really shake it off at this point. yes, taking a breather today but one of the stronger four-month returns seeing in the s&p 500 in a very long time. rare. up 1,000 points from the late october low. just about 25%. obviously you've been able to say overbought a few weeks now. shr
. >>> over to our senior markets commentator mike santoli, and, mike, i don't know what you're watchingbout apple. finally hit the law of large numbers? mike? >> well i don't know if you have to worry about apple too much. also, not really what the law of large numbers means. one of my pet peeves. >> tell me. >> well, just -- >> can't go to the sky. not double. >> base effects are so big. exactly. so, no. i don't think that's necessarily true. if that's...
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Mar 6, 2024
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. >> for more on the markets over to mike santoli.that tech is being a little under the weather what are you watching this morning? >> no doubt, joe definitely a bit of a shakeout in some of the biggest winners in tech. the market's trying to treat it as an excuse for rotation. banks strong yesterday consumer stocks strong, but look at the overall s&p 500 trend goes back to september of 2022 captures the bear market low and then the upturn. really not much to speak of yet. yeah, a little shakeout. less than 2% from highs. also the market's starting to get a little arhythmic, i think in recent days means some of the heavier weights are pressuring the indexes and causing a little bit of the sort of high velocity speculative stuff to get caught up in it, but if you want to talk about ultimate trend. sort of contending with this area talking about it for weeks 50/50 where the line was taking us see about digesting it going one direct one way or the other. haven't had a 3% pullback since october. momentum etfs. subset of large s&p 500 stoc
. >> for more on the markets over to mike santoli.that tech is being a little under the weather what are you watching this morning? >> no doubt, joe definitely a bit of a shakeout in some of the biggest winners in tech. the market's trying to treat it as an excuse for rotation. banks strong yesterday consumer stocks strong, but look at the overall s&p 500 trend goes back to september of 2022 captures the bear market low and then the upturn. really not much to speak of yet. yeah,...
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Mar 12, 2024
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i'm carl quintailla with mike santoli. david faber is at hq. cramer has the morning off.pi comes in about a tenth hot, more han half driven by gas. rate cut odds largely stable. future swing as inflation does tick higher. jamie dimon says the economy is booming but a recession may still be on the table. >> plus, quote, enormous amounts of demand.
i'm carl quintailla with mike santoli. david faber is at hq. cramer has the morning off.pi comes in about a tenth hot, more han half driven by gas. rate cut odds largely stable. future swing as inflation does tick higher. jamie dimon says the economy is booming but a recession may still be on the table. >> plus, quote, enormous amounts of demand.
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try mike santoli instead of rick santelli and i think you might have a little more luck.hat. >> try that. steve liesman joins us now. ste steve, out of the blue. a tweet check it out guy name the bob weir. picture unfortunately, it's not him. kind of a common name, i think. >> i mean, my heart leapt, but, anyway, go ahead. are we restrictive, steve? >> joe, i really love the conversation you were having with rick. here's my take on things. i think the fed right now and for the last several months has been caught between the theory and the reality of what's going on in the economy. okay. theoretically the fed is way restricted. and where do you start? start by looking up what they're long-run rate is. 2.5%. the long run, essentially the neutral rate that doesn't slow down or speed up the economy. where are they now? 5 3/8. restrictive, the theory. look how the economy is working. rick can't get reservations at restaurants. i can, because the maitre'ds seem to be very kind to me. thank you all you maitre'ds out there and i bet rick doesn't have much trouble, too, actually.
try mike santoli instead of rick santelli and i think you might have a little more luck.hat. >> try that. steve liesman joins us now. ste steve, out of the blue. a tweet check it out guy name the bob weir. picture unfortunately, it's not him. kind of a common name, i think. >> i mean, my heart leapt, but, anyway, go ahead. are we restrictive, steve? >> joe, i really love the conversation you were having with rick. here's my take on things. i think the fed right now and for the...
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. ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with mike santolie morning off. for the second time this week, stocks taking a glass half full view on some hot eco-data, this time ppi doubling expectations. ten-year almost hits highs for the month. our road map begins with that other key read on inflation, ppi higher than expected. >>> plus tesla shares, well,
. ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with mike santolie morning off. for the second time this week, stocks taking a glass half full view on some hot eco-data, this time ppi doubling expectations. ten-year almost hits highs for the month. our road map begins with that other key read on inflation, ppi higher than expected. >>> plus tesla shares, well,