Transcripts for MSNBC Jose Diaz-Balart Reports 20211221 15:4

MSNBC Jose Diaz-Balart Reports December 21, 2021 15:41:00

joining us now, msnbc anchor and nbc news senior business correspondent, stephanie ruhle. steph, let's start with wall street. what do we make of this roller coaster ride yet again? >> it has been all about omicron, down for three straight days, now up again. for the markets, it's all about, where are we in this economic recovery? can businesses and schools stay open? the biden administration has said "yes," but the markets have said, i'm not so sure. as we get more and more numbers, yes, the case numbers are spiking. that clearly spooks the markets. however, hospitalizations aren't up that much. deaths are basically flat. so from the market perspective, their main thing that they are looking for, are we going to have lockdowns again? because, remember, supply chain issues, shortages, were all about things being shut down. and as the market looks at things today, omicron isn't good, it's massively inconvenient and problematic, especially on the testing side. but does it look like things are going to shut down? no. and that's why we see the market back up.

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