Squawk on the Street
Bessent Effect: Dow and S&P 500 Rally to Record Highs 11/25/24
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Show notes
Carl Quintanilla, Jim Cramer and David Faber discussed a record-setting day for stocks: The Dow and S&P 500 surged to new all-time highs Monday, after President-elect Donald Trump named hedge fund manager Scott Bessent as his choice forTreasury Secretary. The anchors explored what Trump’s selection could mean for the markets -- with policy issues ranging from tax cuts to tariffs in the spotlight. Also in focus: A big week for retail, Warren Buffett's huge donation, Universal's "Wicked" and Paramount’s "Gladiator II" surge at the box office.
Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is the distributor of "Wicked."
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