SOTS 2nd Hour: Chicago Fed President Goolsbee, FedEx's Freight Spinoff, Nike's Turnaround Plan 12/20/24

  • By
  • Episode
      1820
  • Published
      Dec 20, 2024
  • Publisher
0 Ratings
0
Episode
1820 of 2112
Duration
49min
Language
English
Format
Category
Economy & Business

Carl Quintanilla, Courtney Reagan and David Faber spoke with CNBC’s Steve Liesman and Chicago Fed President Austan Goolsbee about this morning’s PCE print and the Fed’s revised rate outlook. Goolsbee’s comments sparked a market rebound, saying he expects Fed rates to go down by a “judicious amount” in 2025. The desk also hit two key earnings movers: FedEx and Nike. FedEx topped earnings expectations and shares initially rallied after announcing a spinoff of its freight business. Nike shares tried to rebound after its initial drop, following the company’s first quarter under new CEO Elliott Hill.

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