Name: December consumer confidence disappoints at 89.1
Uploaded: 2025-12-23T15:29:48.206Z
Duration: 1 min 58 s
Description: Rick Santelli joins ‘Squawk on the Street’ with the latest economic data to cross the tape. December consumer confidence disappoints at 89.1, below the 91.0 estimate.

Rick Santelli joins ‘Squawk on the Street’ with the latest economic data to cross the tape. December consumer confidence disappoints at 89.1, below the 91.0 estimate.

The Conference Board reported that its December consumer confidence index was 89.1, falling short of the expected 91. Last month's figure was revised upward to 92.9, marking the highest level since October, but the current reading indicates a decline in sentiment.

Additional data showed the present situation index at 116.8, its lowest since February 2021, and the Richmond Fed's manufacturing and services indices both reached their weakest levels since October. Treasury yields also saw movement, with the 10-year yield nearing a three-and-a-half-month high.

December consumer confidence disappoints at 89.1

Busy day for data, and we're getting a little bit more right now on a conference board. Let's get back to Rick Santelli. Hey Rick Yes, indeed Carl December consumer conference from the conference board expected to come in around 91 is a disappointment comes in at eighty nine point one however last month's eighty eight point seven Shoots all the way up to ninety two point nine Which makes this number at eighty nine point one the biggest since the revision of last month and last month's revision at ninety two Point nine will be the best since the month before that October when it was ninety five and change if we look at the present Situation it comes in at one sixteen point eight This is a huge miss huge miss and in the rearview mirror subtle revision from twenty six point nine to one twenty six point three one sixteen point eight would be the weakest since Feb of 21 Feb of 21 and finally what may lie ahead in the form of expectations comes in at seventy point Oh, that would be equal to the revision now at seventy point seven in the rearview mirror so back-to-back seventy point sevens and both those would be the best since the previous month of October now it doesn't end there We have Richmond Fed manufacturing at minus seven weakest since the previous month of October and on the business side Which is the service side minus 11 also the weakest since the previous month of October? These numbers aren't good and they continue to show weakness especially in manufacturing Okay We hit a 420 yield in 10 year any yield close above 419 would basically be three and a half month high yield close going back to the very first few sessions of September and right now 355 354 last is up three on a two-year the yield curve has Flattened about one and a half basis points Carl and the gang back to you and Merry Christmas. Happy holidays

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