NYSE traders sing 'Wait Till the Sun Shines Nellie!'

Contessa Brewer (Correspondent) 00:00.520

Through up years and down years, it's been a staple. The singing of the 1905 song Wait Till the Sun Shines, Nelly on the floor of the New York Stock Exchange. It became a prominent tradition during the Depression because of the song's message of hope and happiness during what

Contessa Brewer (Correspondent) 00:17.240

were really troubled times. Bob Bassin's on the floor with the traders for this year's rendition. Bob, it's all yours.

Bob Pisani (Senior Markets Correspondent) 00:24.400

Contessa, you know, this tradition goes back literally to the 1860s, the singing of Christmas barrels and sentimental ballads on the floor of the New York Stock Exchange. For decades, Art Cashin led the annual singing of that particular carol that you mentioned. Unfortunately,

Bob Pisani (Senior Markets Correspondent) 00:40.680

Art passed away last year, but the tradition lives on. Here with the annual rendition of Wait Till the Sun Shines, Nelly, is Peter Cashin and Art Cashin the Third. Peter, take it away.

Peter Cashin (?) 00:52.200

Yeah. One, two, three.

? (?) 00:55.680

Wait till the sun shines, Nelly. As the clouds go drifting by, we will be happy. Nelly, don't you cry. Down the lane will thunder, sweetheart you and I. Wait till the sunshine Nelly by and by.

Bob Pisani (Senior Markets Correspondent) 01:37.480

And uh Peter,

Bob Pisani (Senior Markets Correspondent) 01:38.840

of course uh the important point here uh your father passing away about a year ago today. He always wrote a poem every year and Peter and Art have continued that tradition. They had a poem out this year as well. But tell me what what do you think Art Cashin would have said about

Bob Pisani (Senior Markets Correspondent) 01:55.080

this year? What would have surprised him?

Peter Cashin (?) 01:56.720

I think there are a lot of things that would have surprised that. Um market being as resilient as it's been. It's been a very very interesting year. Um even with all the uh political turmoil in the world and the uh and the strife. But I will say as Dad often said every single

Peter Cashin (?) 02:13.280

year uh there's no place on earth he would have rather lived than here. And I thank everybody. I thank the McGuirres for coming out. That family has built this tradition for as long as my family has even longer as a matter of fact. And uh I'm I'm proud to have my brother and my

Peter Cashin (?) 02:29.320

family along side of me, and my NYSC family.

Bob Pisani (Senior Markets Correspondent) 02:32.560

Of course, Jimmy McGuire, of course, also led this singing for for many many years along with Art Passion and we remember Jimmy and his family, which is also down here. Peter Tuckman, let me turn to you. You have been always helpful in organizing this. It's not easy getting 100

Bob Pisani (Senior Markets Correspondent) 02:46.840

125 people from all over the United States to come back down on the floor here. Your thoughts as we conclude 2025 and and your thoughts about 2026.

Peter Tuchman (Floor Broker) 02:54.600

You know what? I think the best part of this whole thing is that we've been coming here for so many years. This is not a job for most of of us. You know, this is, you know, if you know if you find something you love to do, you'll never work a day in your life. And I think

Peter Tuchman (Floor Broker) 03:04.880

everybody here feels that way. So, they have no problem coming back to celebrate this and to honor the families that have been here forever. 2025 was a year that everything could have been thrown was everything that could have been thrown into market was and we still closed out

Peter Tuchman (Floor Broker) 03:17.600

52 record highs on this year. So, the most resilient market, the most resilient brokers in the world, 26. You know what? I I I look forward to AI is still one of the leading indicators of this market and I think it's going to be another great year. here. All right.

Bob Pisani (Senior Markets Correspondent) 03:30.760

Peter, thank you very much. Contessa, of course on behalf of everybody down here at the New York Stock Exchange, Contessa, all my dear friends at the NBC and of course the you at home, happy, healthy, and safe 2026. And remember, the one thing you can count on is the New York

Bob Pisani (Senior Markets Correspondent) 03:46.440

Stock Exchange will be here and so we'll see NBC. Contessa, happy

Contessa Brewer (Correspondent) 03:50.280

New Year. Happy New Year to you, but Bob, you're you don't get off the hook that easily because since you have been gone from daily duties for CNBC, a lot has happened. You are our ETF expert. You were there when Bitcoin ETF started to be a thing and I've pulled them up. I'm

Contessa Brewer (Correspondent) 04:07.520

looking at the uh BTF down 64% this year. Uh you've got the BITO down 47% grayscale off by almost 8%. What are you making right now of the Bitcoin ETFs and what do you think about 2026?

Bob Pisani (Senior Markets Correspondent) 04:24.040

Well, if anything again I'm an ETF guy. You may have different opinions on Bitcoin. Some people Don't think it has a lot of value. Some people think it's real digital gold. What we do know is the market has voted that if you do want to own Bitcoin, the safe way to own it is

Bob Pisani (Senior Markets Correspondent) 04:40.120

through an ETF structure and just look at the tremendous success that Black Rock and the other nine or 10 ETF holders have had. They've cornered a significant part of the market. So people have different opinions on Bitcoin and and what it's value ultimately may be, but the

Bob Pisani (Senior Markets Correspondent) 04:55.640

market's definitely voted that the safe way to own it is through an ETF structure.

Contessa Brewer (Correspondent) 05:00.040

All right, Bob. Thank you for the wrap up there of the ETF. I just throw that out of it. Nothing like ending 2025 with a hard ball. Thank you. And happy New Year to all my friends down on the floor of the stock exchange there. Thank you,