Squawk on the Street SOTS 2nd Hour: Stocks Bounce Back, Musk's DC Chaos, Live: Accenture CEO 12/19/24
Dec 19, 2024
Julie Sweet, CEO of Accenture, shares insights on the company’s impressive quarterly results, which have boosted their stock price. The chat highlights the market rebound following a rough patch influenced by the Fed's rate outlook. Sweet also discusses the transformative power of generative AI in government and business, showcasing Accenture's innovative strategies to enhance efficiency and revenue growth. Additionally, the political landscape is examined with a looming government shutdown, featuring commentary from Elon Musk and Trump.
AI Snips
Chapters
Transcript
Episode notes
Market Rebound
- Markets are rebounding after a significant sell-off following the Fed's rate outlook.
- This rebound follows a systematic repricing of the Fed's path and bond yields.
Treasury Competition
- Treasuries are becoming competitive with risky assets as valuations stretch.
- A 10-year yield near 5% puts pressure on risky assets.
Government Shutdown Looms
- Government shutdown looms after Musk and Trump criticized the bipartisan spending bill.
- Trump now wants to abolish the debt ceiling after initially supporting aid within the bill.