Squawk on the Street Fed Decision Day, Nvidia Rebounds, Starbucks CEO's 100th Day on the Job 12/18/24
Dec 18, 2024
Market dynamics take center stage as experts parse the implications of the Federal Reserve's upcoming interest rate decision. Nvidia bounces back, sparking discussions around stock corrections. The new Starbucks CEO reflects on his initial 100 days amid labor challenges and stock performance woes. Meanwhile, merger talks between Honda and Nissan heat up, with Morgan Stanley selecting Disney as a top pick for 2025. Plus, a focus on the record-setting 'Magnificent 7' stocks and the Dow's notable losing streak adds to the financial drama.
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Fed Decision Uncertainty
- The Federal Reserve's interest rate decision is causing uncertainty in the market.
- Investors are watching for clues about future rate cuts and economic forecasts.
Nvidia's Stock Volatility
- Nvidia's stock is volatile as investors question its future performance.
- Jim Cramer believes Nvidia will remain strong and outperform expectations.
Starbucks CEO's Challenges
- Starbucks' new CEO, Brian Niccol, faces early challenges including a potential barista strike.
- The stock's performance is flat since he took over, raising investor concerns.