mike santoli joining us. of course here on closing bell.e not going to get that record close. >> on the dow. and we'll see what else develops with these weather reports of maybe tariffs. >> coming real soon. >> that does it. >> for us. no. >> see. >> that's the end of regulation. the american heart association ringing the closing bell at the new york stock exchange. hennessy capital investment corp doing the honors at the nasdaq. late day volatility for the major averages as markets react to comments from president trump just a few moments ago about tariffs on canada and mexico, but still closing mostly in the green. now attention turns to another crucial hour of earnings. that is the scorecard on wall street for the action is just getting started. welcome to closing bell overtime i'm morgan brennan with jon fortt. >> yeah the. >> countdown to apple results is on. expected to cross in just about 30 minutes. and we've got at

mike santoli. we'll see him coming up in a bit. we'll go out better than 700 on the dow.kind of day it is on the cooler than expected cpi report and it's off to the races and we'll send it into overtime with morgan. [ closing bell ringing ] >> that bell marked the end of regulation and consolidated edison in the new york stock exchange and charlton aria activision corporation doing the honors at the nasdaq. the stocks closing out their best session since the day after the election. the bulls breathing a sigh of relief as bulls head in the right direction and banks kickoff on a high note and i'm jon fortt with morgan brennan. >> loretta mester gives

mike santoli sitting next to me. we'll go into the weekend here.good about where we are overall. generally good about. >> how the market responded over the last two weeks to what was really kind of an internal washout. and so we got oversold sentiment, got a little bit concerned, and we managed to capitalize on that. so to me that's the first test. as yields come in, can the market actually find its footing and get back to the highs. it did in fact in the last few minutes here we're also kind of perking up a little bit toward that 6100 level second day after a new high. you don't want it to fall below the old high. that was 69. so all to the good. i don't think it was the most assertive, high momentum buying binge. it was much more about hey, we're getting back on trend. and that makes a lot of sense. tactically speaking. there's a bunch of little short term gaps underneath this market just on a technical basis, because this move higher in the last ten days has been kind of jerky. so 60, 50, 59, 50 wouldn't be that shocking. to back up today is als

that's mike santoli. bell's going to ring us out. read fed chair says no.ry no move. >> today. >> maybe no move next time. >> and then. >> we'll. >> have to see. >> after that for us. >> big earnings coming up. >> that's the end of regulation. >> brinker international. >> ringing. >> the closing bell at the new york. >> stock exchange. >> will dan group doing the honors. >> at the nasdaq. stocks mostly. >> lower in a. >> choppy. >> session as the fed holds rates steady and signals potential concerns. >> on. >> inflation. >> while nvidia. >> pulls back on fresh worries about export controls. >> now attention turns to. one of the most important hours of earnings season. that's the scorecard on wall street. but the action is just getting started. >> welcome to closing. >> bell overtime i'm morgan brennan with john ford. >> yeah. buckle up for a massive afternoon of. quarterly reports. >>

mike santoli right here back at the new york stock exchange.s debut today. lng exporter venture global going public right here at the new york stock exchange. it is a first real test of the ipo market at least under the new administration. joining us now is venture global ceo mike sabol. mike nice to have you. congrats. >> great to be here. thank you very much. >> you know, how do you differentiate your company from competitors such as cheniere or freeport, which is a private company in reading the s-1, it seems to be in part the way that you actually manufacture and construct your trains in terms of a different way and perhaps more speed. >> is that correct? >> no. that's correct. we're the first ones ever to shrink the. >> size of the liquefaction. >> train to where we can build it in a factory, and it's originally how my partner and i, bob pender, were thinking about. it is really a dell servers with aws replacing ibm mainframe computing. and that actually was part of the conversation that we had way back with jeff immelt 14 years ago. >> do

year ago, though, jim, that vernovo and constellation energy, i spoke about this on thursday with mike santoli -- every year something surprises you. >> remember it was charging stations. let's not forget quantum computing, which is another one, the time may never come. scott, the foremost executive when it comes to nuclear ceo of ge vernova sat right there and told us 2023, 2024 -- >> no, 2030, 2033. >> ten-year gap. no one listened. everybody thinks it will be -- >> small modular reactors. >> there's one in canada. i don't want to encourage people to do these things. not encourage to do quantum. stick with the facts. >> sticking with the facts means what, then? encouraging people to do what then? >> well, let's look at the fourth -- the fifth best in the s&p. united airlines. now, these historically have been in trades. the airlines typically don't have discipline. they never take out capacity. they did take out capacity. problems with boeing. so, you get a stock that's up very big. and you say to yourself, it's only at nine times earnings. that's what i'm looking at. i like that. you know,

. >> with mike santoli and robert frank. gentlemen good morning. >> good morning. >> good to see you guys. >> joe and andrew. >> are. >> both off today. it's friday and we're going to take a look at what's been happening with the us equity futures at this hour. you see some modest declines. dow futures off by about 70 points. nasdaq down by 30. the s&p futures off by nine. but you were talking about quite a week that we have had the s&p 500 at a record high once again. and just about every day the dow has climbed higher. yesterday was up i think more than 400 points. yes at the end of the session. >> dow outperforming yesterday. >> so s&p hit a new high. the dow is within 1 or 1.5% maybe of a new all time high. >> same with the. >> nasdaq and the nasdaq too. >> yeah i was lucky enough to be on the air with you monday to cover the inauguration. and today it's friday. and it feels like this week it feels like that was a month ago in terms of headlines. i mean, i'm going to have to start drinking coffee to get through four year

i'm sara eisen with mike santoli. carl and david have the morning off. this morning. it's the usual suspects right on top. look at the nasdaq. it's up 1%. why? nvidia, amazon, tesla, microsoft, broadcom, alphabet are working again, palantir. apple, interestingly, is left out of that group today. overall, trying to stage a rally after several days in a row. five days in a row for the s&p and nasdaq lower. consumer discretionary, utilities, energy, health care, industrials, all higher in today's trade. take a look at treasuries. lower yields may be playing into a little bit of the good mood on wall street today. 4.57. we're off that 4.6 level where we were in the previous few sessions. perhaps acting as a headwind for stocks. we are seeing a little selling with the two-year elevated. 30 minutes into the trading session. here are the movers we're watching. president biden officially blocking the $14.9 billion takeover of u.s. steel by japan's nipupon saying it would create problems for supply chains. shares of rivian soaring meeting production. watch those

dan, what do you think about what mike santoli was just laying out, this idea about levels that needoing to be pushing on? how are you feeling about the year? >> i think q1 earnings and guidance is going to be key to this because you've got a lot of things that need to get taken into account. the first big one honestly is at the end of q3 the u.s. dollar was at 1.01, it ended the year at 1.08. so you have a 7% move in that and you are going to have guidance that a lot of these companies are going to give either for the full year or first quarter and s&p companies get about 30% of their revenue overseas. for the magnificent 7 a lot of their revenues it's closer to 60% overseas. you're going to have to deal with that. the second part is some of the calendar shifts you're seeing they shouldn't really matter but you have easter moving out from the end of march to april 20th and so for companies that only guide a quarter in advance, et cetera, you may have guidance below expectations. so you've got a lot of things that i think it's going to be interesting to see how stocks react to this g

i'm mike santoli in for scott wapner. we're live from post nine at the new york stock exchange. finish a strong week with a flourish. healthy bank earnings and softer inflation readings have revived risk appetites after more than a month of anxious churn. here's a look at the scorecard with 60 minutes to go in regulation. the s&p 500 is trying for its first close above the 6,000 ma

mike santoli had an interesting article over the weekend. any thoughts about the volatility just being normal or overblown? the blue line is the average bull mark. it continues for 800 days. the continued line is the orange line is 600 days. do you get the idea you are seeing churns in the bull market and we have more room to run and the short-term volatility is maybe overblown? >> i think it's all natural from what we see going on now. we think this pull back, as he said, the ten-year can go higher. eventually, you will get this rotation. we haven't seen that value or small cap. that is relying on the fed because they are the ones paying the rates. the valuations are being pressured a little bit which is normal and healthy. as people get confident the yields stop rising, we get continued -- >> jeremy, we are almost out of time. you talk about the wisdomtree wtf. you believe it will reaccelerate. what is sparking in your mind as we go to 2025? >> what i love about this fund, they do a lot of dividends and buybacks which is around 7%. you hav

i'm mike santoli in for scott wapner.belated new year's celebration on wall street. the index is tracking to end a five-day losing streak with a brisk rally. the s&p 500 up more than 1%, more like 1.3%, trading back almost exactly at this moment to its 50-day moving average. helped by a rebound and several marquee tech

cnbc seen yore markets commentator mike santoli. and two big dow index. seema mody. n with you. maybe the bad breath of the stock market biting us at the close? >> shows fatigue. why? because since last monday's low the s&p 500 was up 5.5%. average stock did better. five days of super trong graphs following a couple weeks of really bad. the market is sloshing around aggressively. time and even beginning of trading this morning, majority of stocks were pulling back. noting also the volatility index at benign levels at 15. firmed up. in other words, nobody's betting this return to the s&p 500 high means we're gist going to keep clicking in an orderly way higher to record highs. headline sensitive. the way the markets behaved, if you say that, no across the board, punitive tariffs a bit of a bid this week. it tells you investors in aggregate prefer the policy set and the economy in the earnings picture we have. you don't really have to do a lot and i think right now it explains why the market is here. maybe why it feels like sudden moves or harsh rhetoric is the kind of

commentator mike santoli breaking down crucial moments.e banking regulate stepping down. leslie picker with what that means and seema mody what's groves vernova today? steam out of the market nasdaq leading the show today. >> it is. still how this market plays defense against macro strategists against pressure from bond yields. that's been the story. probably if you were bullish coming into this year you'd want to see more than a one-day rally friday being kind of coming after, how washed out the average stock was coming into the day. no grand conclusions except to say yields at this level make majority of the market uncomfortable. still on wait and see mode to see trajectory of growth into the jobs report. i find it interesting nvidia gets this big kind of almost forced mechanical bid as new index money comes into the market. we'll see if it comes through after ces and more than just let's find stocks that haven't moved much on familiar seen scenes. >> technician watching action like you you are saying nice rally. not a game-changer yet.

i'm mike santoli in for scott wapner. we're live from post nine at the stock exchange. this make or break hour begins with the indexes struggling to hold on to wednesday's powerful relief rally with a majority of stocks making further progress, offset by some pressure on key mega cap names. here's the scorecard with 60 minutes to go in regulation. the s&p 500 churning all day, just around the flat line. you see it's almost exactly dead flat at the moment. around that 5950 level. the equal weighted version of that index, though, is up more than half a percent, about two-thirds of one percent. you see broader strength. yet the nasdaq has been the weak spot all day. held down by a further pullback in apple shares. that stock now down 3.4%. it is off some 12% from its recent record high on chatter of further sluggish china sales after the stock's pretty steep ramp in late 2024. now, the broader tape is supported by further slide in treasury yields after yesterday's big drop on some friendly inflation data. see the two-year down below, 4.25. the ten-year around 4.6. it takes

i'm mike santoli in for scott wapner. we're live from post nine at the stock exchange. indexes struggling to hold on to wednesday's powerful relief rally with a majority of stocks making further progress, offset by some pressure on key mega cap names. here's the scorecard with 60 minutes to go in regulation. the s&p 500 churning all day, just around the flat line. you see it's almost exactly dead flat at the

i'm mike santoli in for scott wapner. make or break hour begins with a belated new year's celebration on wall street. the index is tracking to end a five-day losing streak with a brisk rally. the s&p 500 up more than 1%, more like 1.3%, trading back almost exactly at this moment to its 50-day moving average. helped by a rebound and several marquee tech leaders. hat same upside data surprise also allowing for treasury yields to stay firm. with the ten-year above 4.5% once again as equity investor tries to make their peace with a less dovish fed and unclear fiscal policy impacts in the coming year. now, none of that is slowing nvidia shares, though. which are now up 5% better than that, in fact, over the first two days of the trading year and have returned to the upper end of the six-month trading range. which takes us to our talk of the tape. is the market now free of the indecisive december choppiness that dropped the average stock by more than 6%? and what are the crucial catalysts to watch from here as january unfolds?

commentator mike santoli is here to break down the crucial moments of the trading day.s, a pair of earnings reports, and we are watching united airlines, and julie boorstin on netflix. you sit up 550 on the dow, pretty good all the way around. >> no doubt. it's pretty solidly across-the-board, stronger below the surface than above. i think what it tells you is we continue to emerge out of this multi-week shakeout. the s&p 500 closed at 6050, we're exactly right there, on december 17th. the day before the fed meeting. that was when we still thought we had strong economy, fed has room to ease, bond yields are tame. you know, all the stuff that we think is the formula for going higher was in place, and then we got tested by higher yields, by changing the fed policy outlook and all the rest of it. so i feel like this rebuild has done what bull markets do, which is it gives you a little bit of a scare, it gets positioning a little more defensive, and then, of course, the overlay of new administration and there's that many fewer reasons, perhaps, to be super concerned. so you

i'm mike santoli in for scott wapner. we're live from post nine at the new york stock exchange. this make or break hour begins with stocks on pace to finish a strong week with a flourish. healthy bank earnings and softer inflation readings have revived risk appetites after more than a month of anxious churn. here's a look at the scorecard with 60 minutes to go in regulation. the s&p 500 is trying for its first close above the 6,000 mark so far this year. right at that level right now. think it was december 26th was the last time it closed above. unlike yesterday when weakness in big tech obscured some underlying strength in the majority of stocks. the mega cap favorites are doing their part to lift the nasdaq composite today by about a percent and a half. the ten-year treasury yield is little changed on the day, but down substantially from about 4.80 to 4.6 in three days or so since that softer core cpi report. that takes us to our talk of the tape. does this week's strong bid in stocks and bonds have the bulls back in charge, and what should wall street expect in the early days

i'm andrew ross sorkin along with leslie picker this morning and mike santoli becky and joe are both off today but that doesn't stop the train. we've got a lot going on and the train has left the station on the news front this morning because there is a lot of it. let's show you. u.s. equity futures right now where things stand. dow not moving around too much. it was just in the green about a moment ago. now you're seeing a little bit of red. but the nasdaq up about 79 points. looking at the s&p 500 up about four points. all of this coming after stocks climbed yesterday recovering now some of monday's losses. the dow up by 3/10 of a percent. the s&p up by 9/10 of a percent. the nasdaq had risen by about 2%. now take a look at nvidia because it rebounded by about 9% this after monday's losses which were steep 17%. and lots of questions continue to persist about the implications of this emergence of deep sea, the ai model coming out of china. we'll talk about alibaba's model in just a moment, because that's also adding to some of the questions that people have about how this is all goi

mike santoli great to see you sir. thank you.use financial services committee chair patrick mchenry is going to join us on president trump's first week back in washington, a week filled with headlines. we'll talk about them all after this. >> individually, each of us. >> is great, but. >> from here you. >> can see we're one. >> big team. >> at atlassian. we believe real progress takes all of us working together on new sources of energy, cars that drive to the future, even pizza deliveries. together, we can go beyond where we've ever been collaborating from anywhere on everything. atlassian makes software for teams to do what is impossible alone. >> shopify paypal three pl fba. do these words make your traditional cpas head explode? help yourself. it's time for an accounting team that gets your business. we're making sense of modern day accounting, one acronym at a time. zen. do the official bookkeeping and accounting for e-commerce business. >> are you having a hard time growing your sales? is it tough getting new customers? try

cnbc senior markets commentator mike santoli here to break down the crucial moments of this friday tradingrs in health care. jeffrey stevens with the main takeaways from big oil's earnings. mike, we begin with you. all right. i mean, we knew tariffs were coming. yeah. and if this is it for the you know, at least the beginning of the market seems to be dealing with it reasonably okay. it's not too dramatic. no it's. >> not dramatic in terms of magnitude. it's a 1% drop intraday from the highs. i think there was a sense out there that maybe the notion of imminent tariffs was at least a cap on the market, but not necessarily something that all of a sudden absolutely undercuts the bull case. the thing i would be aware of, i mean, i mentioned earlier about this absolutely tenacious retail investor bid in this market, and it has really kept things moving, especially on the tech side, crypto, all the rest of it, as professionals maybe have backed off a little bit. and then the really baroque rotations that we've seen, right. majority of stocks being down on a given day when the index is up and vi

our senior markets commentator, mike santoli, is breaking down sort of this question on the trade andking at power two. another huge story. >> for sure. and obviously the deep set news, which really built up over the course of weeks and seemed to get to a critical level, it more just crystallizes these existing concerns. we all probably knew you were going to hit some kind of wall of when you've invested too much, or maybe the brute force approach to just simply building more data centers was going to give diminishing returns. i do think it's presented itself as a really interesting test of the market's ability to differentiate, and it's passing that test so far this morning drops in yields has usually helped the majority of stocks. breadth has gone inverse to yields all year. yields were going up. that's pressured the average stock that's reversing right now i showed up you know at 8 a.m. banks massively outperforming big tech over the last few months. that's been the market's kind of preferred mode of just rotating around. now the problem is ai in one form or another is like a third

our senior markets commentator mike santoli watched it all happen. hours later, pretty stark rotation as opposed to liquidation, to the point where you see it's. >> almost mechanical. >> and forced. okay, nothing happened yesterday to get campbell's soup up 2.5%, except that nvidia was down a lot and people. >> did not. >> want to completely exit the market. and so it found its way into the more neglected corners. it's a healthy response. i mean, the idea that you've been able. >> to kind. >> of make it happen in the market, stay near. >> all time. >> highs when. >> by the way, semiconductors on. >> a relative basis peaked in june of last year, they've. >> not. >> been leadership for seven months. so yesterday was a little more of a give up trade in that area, but one that's just exacerbated the ongoing pattern. i think there's an issue if the market has to rely on this. i mean, rotation is great. it keeps volatility suppressed. it enables the market to let some areas cool off and perk up in other parts of laggard sectors. the issue is you don't. >>

cnbc senior markets commentator mike santoli here to break down these crucial moments of the trading hat to watch out of two key earnings reports in ot. kristina partsinevelos on texas instruments. frank holland on csx. mike i'll go to you. we are on track to get that closing high on the s&p, which we just missed out on yesterday. >> yeah i mean. pretty low volume, very mixed breath. >> but just. >> enough lift internally in. >> the. >> market, especially in a handful of the. big names to get us this record. it feels. >> like the market. >> is in a relatively comfortable place given what we know, what we can absolutely actually observe in front of us. we're not pricing in speculative policy moves. i think it's basically built upon what we know and what we can plausibly expect from earnings. >> and i think. >> every day that we do get some kind of hints or pronouncements, and it's not across the board stiff tariffs, it's fine with the market. honestly i don't think we're reacting to anything else. the two year note yield took a tiny blip lower when the president said he wants rates low

i'm andrew ross sorkin along with leslie picker this morning and mike santoli becky and joe are boththe train. we've got a lot going on and the train has left the station on the news front this morning because there is a lot of it. let's show you. u.s. equity futures right now where things stand. dow not moving around too much. it was just in the green about a moment ago. now you're seeing a little bit of red. but the nasdaq up about 79 points. looking at the s&p 500 up about four points. all of this coming after stocks climbed yesterday recovering now some of monday's losses. the dow up by 3/10 of a percent. the s&p up by 9/10 of a percent. the nasdaq had risen by about

i'm andrew ross sorkin along with leslie picker and mike santoli.day, but there is a lot, a lot going on both in the markets. and also we want to talk about what's happening in washington dc, which you're going to learn about. if you have not heard overnight, let's take a quick look at us equity futures before we get into all of that. the dow right now up about 173 points. the nasdaq up about 92 points. the s&p 500 up about 18 points. but right now we want to get to what we know about last night's mid-air collision that took place near washington dc. and american airlines regional passenger jet in an army blackhawk helicopter colliding near reagan national airport, crashing into

cnbc senior markets commentator mike santoli here to break down the crucial moments of this trading daylosses in the energy space to say the least. pippa stevens is going to tell us the stocks that are down the most. and seema mody on two bright spots. yes. bright spots in tech today. you heard me correct. there aren't many though in tech. no, make it a day. >> some software. i mean, what you can say is that it was a rotation more than a liquidation. so if you're going to have a day when you have an absolute washout, trade in semis in the ai hardware trade, where you have one of the strongest themes and most closely held to investors hearts in the market, get completely pulverized. you could have had everybody just say risk off were out, or it could have gone elsewhere. and what you did see is rotation people maintaining exposures, more stocks up than down. i mean, some of it was very mechanical, meaning reaching for the most neglected under owned themes. campbell's soup is up 2.5% today. it's not because it's cold outside. okay, so you just do have this kind of reflex asset allocation

cnbc senior markets commentator mike santoli is here to break down these crucial moments of the trading plus, tony mchale on the moves in the bitcoin miners. courtney reagan looking ahead to starbucks. the earnings out in ot. i'll turn to you first. i mean does this qualifies at a pretty as a pretty decent bounce back? >> it is certainly. on the index level. it's an almost perfect inversion of yesterday. yesterday looked like a washout based on the nasdaq and the s&p 500. when in fact the majority of stocks were higher today. you have just about 1% bounce in the s&p 500, even though breadth has been negative and it's been a little bit less inclusive. tells me a couple of things. one, just before around noon, the nvidia fought its way back above its 200 day average, and i think it gave emboldened traders to say, maybe this can be a real rebound. and the entire s&p kind of released higher. and so as apple and nvidia. microsoft powering things today bigger picture. it tells you the rotational mechanics of this market remain intact. the market sort of repairs and rebalances itself when it c

. >> with mike santoli and robert frank.en good morning. >> good morning. >> good to see you guys. >> joe and andrew. >> are. >> both off today. it's friday and we're going to take a look at what's been happening with the us equity futures at this hour. you see some modest declines. dow futures off by about 70 points. nasdaq down by 30. the s&p futures off by nine. but you were talking about quite a week that we have had the s&p 500 at a record high once again. and just about every day the dow has climbed higher. yesterday was up i think more than 400 points. yes at the end of the session. >> dow outperforming yesterday. >> so s&p hit a new high. the dow is within

i am sara eisen with mike santoli. stocks are rallying here. it is almost up 3% for the s&p 500. nasdaq is up 1.34%. technology is back in the lead. two sectors are lower. utilities and healthcare. nvidia is driving it here. take a look at treasuries. we have seen yields turned around. they are lower, 10.36%. the buying of treasuries has been helpful for stocks this week. >> absolutely, with some goldilocks data. we are keeping an eye on the supreme court as the justices have been debating whether to block a tiktok band going into effect this sunday. we will bring that to you if and when that happens. >> here are three big movers we are watching. jb hunt is slumping. they missed profit estimates with the lower truck count. novo nordisk is in the red. ozempic will be subject to pricing negotiations. and then apple rebounds after its worst day since august 5th. stock is down 11%. as far as the overall market, you have this goldilocks data. i think it was supercharged yesterday by him. he hinted that first half cuts were firmly on the table for him if we continue to see good inflati

mike santoli we are within a six-foot. >> none of us are in the usual spot. >> i feel more comfortablesks o. >> do you? >> a little bit. >> look, what do we want to watch? it is an interesting day for the bond market most of the trading day and cash equity market closed the interplay with equities and treasuries has been almost the whole story for a while. the sensitivity of stocks to every blip higher in treasury yields has gotten to an extreme. you see it has taken a lot of the toll on the average stocks that orange line is everything in the stock market except for the s&p 500. small caps and not yet in the s&p 500. that has the market breadth has taken a hit based on the rise in yields it's really a legitimate debate of what's going on with the rise in yields. we can talk about it all day and we do. part an of it is we had a recession scare in the fall and we unwound that entirely because growth is looking better at the same time, the stock market is very antsy about the economy's ability to continue to absorb yields at this level. it feels as if, sure, we can deal with it for the r

i'm andrew ross sorkin along with leslie picker and mike santoli. joe and becky are both off today, but there is a lot, a lot going on both in the markets. and also we want to talk about what's happening in washington dc, which you're going to learn about. if you have not heard overnight, let's take a quick look at us equity futures before we get into all of that. the dow right now up about 173 points. the nasdaq up about 92 points. the s&p 500 up about 18 points. but right now we want to get to what we know about last night's mid-air collision that took place near washington dc. and american airlines regional passenger jet in an army blackhawk helicopter colliding near reagan national airport, crashing into the potomac river. a massive rescue effort is underway and i want to get straight over to eamon javers. he is reporting live near the crash site. but before we do that, we want to go. over to phil lebeau, who's got a rundown of exactly what happened. phil. >> this andrew happened just before 9 p.m. last night. we don't have a whole lot of answer