SOTS 2nd Hour: Nvidia in Correction Territory, Trump Takes Aim at PBMs, CNBC Fed Survey 12/17/24
Update: 2024-12-17
Description
Carl Quintanilla, Sara Eisen and David Faber took a closer look at the markets, with the Dow on pace for its biggest losing streak since 1978. One of the group’s components, Nvidia, continued to trade lower; The stock entered correction territory, with shares down more than 10% from its last record close. The desk also turned to President-elect Trump taking aim at pharmacy benefit managers, saying that these “middlemen” are driving up drug costs and need to be eliminated. Shares of UnitedHealth, Cigna and CVS all moved lower on those comments. Senior economics reporter Steve Liesman also joined the show with exclusive results from CNBC’s latest Fed Survey.
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