Closing Bell Closing Bell Overtime: 10/24/25
Oct 24, 2025
Leslie Picker, a CNBC reporter known for her insights on finance and markets, dives into JP Morgan's groundbreaking exploration of using Bitcoin and Ether as trading collateral. She discusses the potential implications for risk management within the banking sector. The conversation also touches on high earnings beat rates this season and what they signal for the economy. Picker emphasizes the K-shaped recovery, highlighting the AI boom against a backdrop of labor market challenges, sparking curiosity about future market trajectories.
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Inflation Surprise Fuels Record Rally
- Markets hit records as cooler-than-expected CPI rekindled rate cut hopes and AI-driven spending momentum.
- Financials and mega-cap tech led gains while gold paused after a nine-week run.
Fed Cuts Likely, Watch 2026 Risks
- Core inflation running near 3% gives the Fed room to cut, making another cut likely in December per Neil Dutta.
- He warns 2026 risks could lift long-term yields if growth weakens and government reopens.
Cautious Guidance Has Boosted Beat Rates
- Earnings season shows a high beat rate driven by cautious guidance from managements.
- Brooke May says cautious guidance led to many beats as companies underpromised then outperformed.