Closing Bell Closing Bell Overtime: Tech Stabilizes After Morning Drop; Who is New Walmart CEO? 11/14/25
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Nov 14, 2025 Steve Leisman, CNBC's senior economics correspondent, shares insights on the Fed's struggles with a potential December rate cut. He discusses the essential labor data needed for decision-making as uncertainty looms. The conversation also touches on the volatility in the bond market, the implications of a significant crypto selloff, and a deeper dive into tech stocks like Nvidia. Additionally, Courtney Reagan talks about Walmart's cultural shift under new CEO John Furner, following Doug McMillon’s impactful leadership.
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Tech-Led Intraday Rebound Masks Weak November
- The market saw a large intraday rebound after morning selling, driven by tech recovering from steep losses earlier in the day.
- Despite the bounce, the Nasdaq finished the week lower and November is tracking as the weakest since 2008 so far.
Yields Follow Stocks And Europe
- Yields plunged then reversed intraday with strong correlation to equity moves and European bond moves pulling U.S. yields higher.
- Fed funds futures cut probabilities for a December rate cut sharply, reflecting changing market expectations.
Crypto Moves With Tech, Not As A Hedge
- Bitcoin and crypto are trading like tech, falling with the Nasdaq and hitting multi-month lows as liquidity and ETF demand wane.
- Spot ETF outflows, fading liquidity, and negative funding rates suggest early stages of a broader crypto down cycle.