Closing Bell hosted by
@ScottWapnerCNBC
airs live Monday-Friday at 3PM-4PM ET on CNBC. Taking you through the most important hour of trading and beyond.
"Sometimes I would talk to the guys, the leaders, and it would be like I was on mute or something."
@kanyewest
tells
@SaraEisen
why he is terminating his Gap deal $GPS:
German Health Minister
@jensspahn
joining us in an exclusive interview to discuss why Germany is handling the coronavirus outbreak better than some other countries and a potential timeline for reopening Germany's economy. Check out the entire interview below:
"A lot of projects you see going on here are going to go to 0....the scams, the charlatans, the easy money guys, those people are going to get shaken out in the next 6m, & you're starting to see that now,"
@BitfuryGroup
@BrianBrooksUS
#bitcoin
#crypto
"This six-foot distancing requirement has probably been the single costliest mitigation tactic that we've employed in response to COVID," says
@scottgottliebmd
.
"We did this shoe, this knit runner, I told them, 'This needs to be a marathon shoe.' And it ended up being the most uncomfortable
#Yeezy
ever."
@kanyewest
tells
@SaraEisen
about his dissatisfaction with
@adidas
.
"These are all methods that we learned from the Americans," says deCODE Genetics CEO Kari Stefansson on Iceland's ability to control the coronavirus spread. “You taught us how to do this but you haven’t been doing it yourself. And that is pretty sad.”
"There has not been a variant of COVID that has actually, truly changed the direction of the economy," says Tom Lee
@fundstrat
. "So I know this is very alarming, but investors need to take it in stride too."
"ESG is not as good for investing processes as people claim," says former BlackRock CIO of Sustainable Investing Tariq Fancy. "The reality is it doesn't pay that much to be responsible...and none of it has any real social impact."
"Automotive engineering ... computer hardware and software, financial literacy and financial engineering and shoutout
@elonmusk
, rocket science,"
@kanyewest
talks his hopes for education curriculum in America.
"We actually have not had any challenges with labor," says
@target
Chairman & CEO Brian Cornell. "Our turnover rates are the lowest we've seen in years." $TGT
TODAY: Don't miss our exclusive interview with
@IvankaTrump
and
@IMFNews
Managing Director
@KGeorgieva
. They will join us at 4pm ET to discuss the one-year anniversary of the Woman's Global Development and Prosperity Initiative. Tune in!
"The first two doses were provided so close together that they probably really served as two primes...This third dose is probably going to serve as a true booster in terms of inducing immune memory and...a more durable response," says
@ScottGottliebMD
on Covid-19 booster shots.
"There's only a limited toolbox that we have [to try to control outbreaks]," says
@scottgottliebmd
. "One of the things we can do is require people to wear masks...it does cut the rate of transmission."
"In a contrarian way, as ugly as today was, you have to remember...if someone is an equity investor with patient hands, they should take advantage of days like this," says
@fundstrat
.
$GOOGL's shares fell after their AI picture generator created inaccurate images &
@BigTechnology
’s Alex
@Kantrowitz
says, “It’s a big deal because it’s not just about Gemini making a mistake, but it really suggests that there’s more organizational incompetence within Google."
"If this is a strong market, 5,000 [on the S&P 500] won't mean anything. But in February, 5,000 could be a short-term top before there's a big air pocket. It's a level to watch," says
@fundstrat
"We invented rock n' roll. We are the most inventive. We are the youngest start-up ever, America itself. We invented $AAPL. We invented $F. And now we have
#Yeezy
," says
@kanyewest
.
"I think the
#Fed
is trying to figure out how to communicate future cuts and the market's going to get anxious about it in the first half of next year," says
@fundstrat
. "Our 2024 view is most of the gains happen in the second half."
Tesla closing down by nearly 6% today. Despite the recent moves lower,
@ARKInvest
's
@CathieDWood
says her firm's confidence in the stock has moved higher.
$TSLA
"We're hoping to see progress over the next couple of weeks in enacting that [stimulus] package into law," says
@janetyellen
. "Would ideally like to see a bipartisan support for the package that we think is really what we need to deal with the pandemic."
"[Microstrategy] still has a massive runway ahead of it," says
@billfour
. "It's our position that we are in the very early innings today of a massive capital repricing event."
.
@BitfuryGroup
CEO
@BrianBrooksUS
among the Crypto CEOs heading to Washington next week to testify before the House Financial Services Committee.
He tells us what he thinks the committee should consider when it comes to regulating cryptocurrency.
$BTC $ETH
"The [J&J vaccine] will dramatically change the supply equation," says
@scottgottliebmd
. "We're looking at being able to vaccinate more than 100M Americans before the of March. That really is a gamechanger."
"The fact is, if you lie to people that's fraud, and if you take their money, and they rely on your lies, that's criminal fraud. So you don't have to have a license or be regulated to be criminally responsible," says
@BitfuryGroup
CEO Brian Brooks
#SBF
#crypto
#FTX
#regulation
"I don't think this is a panic...this is a recognition that we have gone too far in terms of liquidity risk and credit risk, and that economic fundamentals have deteriorated," says
@elerianm
.
"We're in this for the long haul. If you're speculating or you're thinking about the short term, there are plenty of other things to invest in," says
@palantirtech
CEO Alex Karp. "You don't have to buy Palantir, no one's forcing you."
$PLTR
"I think we need to see attendance levels rise to 10-15% of pre-pandemic norms, but I do think that's a doable thing in our future, sometime in 2022 or 2023,"
@CEOAdam
of AMC Entertainment on becoming robust and profitable. $AMC
"Investors just need to buy those [mega cap tech stocks] and really hold on to them," says
@fundstrat
. "But I think there's still a lot of areas that haven't participated that could really start to outperform."
"I suspect the issue with getting 100M vaccines done in 100 days isn't gonna be distribution. It's gonna be finding 100M people who are willing to go through the hoops to get this vaccine," says
@scottgottliebmd
.
.
@distributedbio
is developing a COVID-19 treatment using antibodies produced during the 2002 SARS outbreak. Founder & CEO Dr.
@CurleyJungleJake
joined us to talk more about the timeline and potential effectiveness of the treatment.
"We could have another 10% fall if people start thinking [in terms of] fundamentals," says
@elerianm
. "If the mindset changes from technicals to fundamentals, then this market has further to go."
"It's a phenomenal company but it's not worth $380B dollars in my opinon."
@MillerValue
's Bill Miller III explains on why he's been recently shorting
@Tesla
, adding that he shorted more today.
$TSLA
@elonmusk
"We think a lot of bad news is priced in....I think there are some leading indicators telling us that in some ways some of the worst of the inflation is behind us" -
@Fundstrat
Tom Lee
.
@realdonaldtrump
announced that the U.S. is terminating its relationship with the
@WHO
.
@scottgottliebmd
says the U.S. could have also tried to reform the Organization and "pushed the WHO to admit Taiwan to the World Health Assembly" as a way to put pressure on China.
"We've deliberately based the decisions on the data," says New Jersey
@GovMurphy
on the state's path forward amid the COVID-19 pandemic. "Our mindset is we're not out of the woods yet."
The bulls can keep charging in the second half, if you ask
@fundstrat
's Tom Lee, who just raised his year-end S&P price target. He breaks down the call live.
"What's interesting about
#Nvidia
is this was not a widely shorted stock into the results. So that 30% rally was really the market recognizing they have to reprice the future cash flows. I think that's pretty true for most of the FAANG trade," says
@fundstrat
Texas
@govabbott
issued an Executive Order requiring all Texans to wear face masks.
"Most states are gonna end up having a universal masking requirement," says
@scottgottliebmd
. "The only question is how much spread we're gonna tolerate before we get there."
There's an "inherent arrogance" in not owning Nvidia based on its current valuation, says Trivariate's Adam Parker. He lays out the most prudent strategy for $NVDA investors:
"I don't think we should be thinking about achieving herd immunity. I don't know that we ever achieve true herd immunity with this virus," says
@scottgottliebmd
. "I think that we are going to get to point this summer where the circulation of this virus is gonna be extremely low."
"I think the $VIX spike today is pretty telling...so I think this is actually an opportunity to be long equities because of the spike," says
@fundstrat
. "I think that people should be using this as an opportunity to add to their cyclical exposure."
What lies ahead for stocks in the final stretch of this year and beyond?
"The setup for next year is very good," says Wharton School Professor Jeremy Siegel. "I think that we can definitely get another 10-12% in 2024."
Fundstrat's Tom Lee on why he thinks all-time highs are possible
"As inflation data weakens & economic data softens, it actually makes the fed's job easier, I think in 2H we're going to get a lot of PE expansion & better earnings"
@fundstrat
"As we exit the year, our 4,825 [S&P forecast] does look a little low," says
@fundstrat
. "If July is the last hike, and financial conditions are easing and inflation's cooling, and then there's another expansion cycle starting...the S&P could be far higher than 4,800."
"I do think the bull case is prevailing," says
@fundstrat
on April's
#CPI
print. "Inflation is falling faster than most people realize...and that's going to allow the
#Fed
's pause to become more comfortable for investors because it really leads to a soft landing."
Dear
@SenWarren
,
You’ve blamed corporations for inflation but
@SaraEisen
points out why Walmart’s earnings, and corporate profit margins are showing a different story.
(Would love to have you on the program to discuss)
Wedbush removing $TSLA from its Best Ideas List after a big Q4 earnings miss and a weak volume outlook for 2024.
"We were dead wrong in terms of the call into the quarter,"
@divestech
. He explains why he's still a long-term Tesla bull, despite lowering his PT to $315 this week
More and more vaccines have been administered across the U.S., but cases continue to rise.
"I think it's a function of the fact that we are reopening the economy, people are going out more," says
@scottgottliebmd
. "I don't think this is the start of a fourth wave."
"So rather than helping the economy soft land, the Fed now risks actually contributing to a hard landing and that's of its own making because it's so late," says
@elerianm
#inflation
#economy
“I think this is a bull market that has legs. It’s going to continue to charge ahead,” says Ed Yardeni of
@Yardeni
Research. He shares his 12 reasons to remain bullish in 2024:
"This is a good result. I don't think you can make apples to apples across trials," says
@scottgottliebmd
on the $JNJ vaccine results. "The good news about this vaccine is it's one dose...it's a great addition to the market."
Renowned "virus hunter" Dr. Ian Lipkin has contracted coronavirus and says it is the "most transmissible" virus he's ever seen. He joined us to explain why.
"Until the Fed is done raising rates, until we are inside an honest-to-God recession where we have unemployment spiking, all you're trying to do is catch bear market rallies and then you're going to lose even more money on the way down," says
@DanielTNiles
.
"A stimulus in January is not the same as stimulus in October," says
@elerianm
. "This notion that it doesn't matter when we get the stimulus as long as we get it, is too partial. it does matter when you get it."
"We're transitioning from a very loose liquidity regime to a much tighter liquidity regime so we're going to have to overshoot historical levels before we stabilize," says
@elerianm
on why the markets could have more losses ahead.
"I really can't give them more than a C," says Wharton School Professor Jeremy Siegel on how he would grade the
#Fed
. "You can't forgive the damage that was done from 2020 to 2022..."