Squawk on the Street
American Airlines Grounded, Big Banks Sue the Fed, Steel Deal in Biden's Hands 12/24/24
Dec 24, 2024
Bob Pisani, a CNBC contributor known for his sharp market insights, joins to delve into a tumultuous holiday travel period for American Airlines, caused by a technical outage. The conversation highlights a historic lawsuit from major banks against the Federal Reserve regarding stress tests, questioning regulatory oversight. They also discuss Apple nearing a $4 trillion market valuation amid AI advancements and the anticipated Santa Claus rally impacting stock trends. Additionally, implications of the stalled Nippon Steel-U.S. Steel deal are examined, showcasing a critical moment for the market.
41:29
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Quick takeaways
- American Airlines' technical outage on Christmas Eve highlighted the operational challenges airlines face during peak travel periods, impacting numerous flights.
- Major banks are suing the Federal Reserve over stress test transparency, reflecting the growing discontent within the banking sector regarding regulatory practices.
Deep dives
Exciting Holiday Toys at Walmart
Walmart is offering a range of exciting new toys designed to elicit significant reactions from kids and parents alike. Featured products include the For Real Daisy Yoga Goat and the Razor Crazy Cart Shuffle, which are expected to be popular during the holiday shopping season. Other notable mentions are the Hot Wheels collections and the Bluey 3-in-1 Airplane Playset, which cater to various age groups and interests. These toys not only serve as gifts but also promise to enrich the holiday experience as families gather to celebrate.
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