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Closing Bell

Closing Bell 10/30/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 30 October 2023

⏱️ 42 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

Welcome to Closing Bell. I'm Scott Wobner live from Post 9 right here at the New York Stock Exchange.

0:04.0

This make-or-break hour begins with a Monday rally for the majors as a critical week gets rolling.

0:09.0

The next several days likely deciding where your money goes from here, whether a late year rally is still in the

0:15.0

cards. The Fed, Apple jobs, all in focus and more than that too. In the meantime, your score card

0:19.8

was 60 minutes to go and regulation looks like that. Decent bounce for almost everything but the small caps today.

0:25.6

NASDAQ down three straight weeks getting a boost from its biggest players like Microsoft and

0:30.4

Meta Tesla though. Still down close to 5% in today's session that's something to keep an eye on we of course will overall communication services the strongest of the sector's only energy giving some back today still a touch defensive consumer staple stocks

0:44.7

performing pretty well today. Interest rates ahead of tomorrow's Fed

0:47.8

meeting largely holding firm. The 10 year around 4.9 percent. There you go. just shy of that. It does take us to our talk of the

0:55.5

tape. Does the biggest stock in the market now hold the biggest key to the

0:59.2

market's next move? We are talking Apple of course holding a Mac event tonight reports earnings on Thursday the stock dicey lately as investors question the strength of the new iPhone and what's really happening on the ground in China'll ask Morgan Stanley's Eric Woodring.

1:14.0

He covers the stock and we will do that.

1:15.7

He's here as you can see.

1:16.7

We'll do that in just a moment.

1:18.1

In the meantime, we have breaking news to Steve Leisman.

1:20.9

Steve, what do you have?

1:23.0

Scott, the US Treasury announcing its borrowing needs for the October to December quarter

1:28.0

saying they will be $776 billion.

1:31.0

A couple of context, a little context on that. It's 76 billion dollars below the

1:36.0

prior estimate made in July. However, it is record borrowing still for that

1:41.2

quarter. The October, December quarter was held by revenues

1:44.6

from deferred taxes in places like California and the IRS from some natural

...

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