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Closing Bell

Closing Bell 10/4/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 4 October 2023

⏱️ 43 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

So I'm

0:02.0

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

0:05.7

and this make-or-break hour begins with some much needed rate relief as a week ADP

0:09.7

report sends yields lower stocks take their cue and try to get back on track today.

0:14.0

We'll see how the final stretch goes, but there's your scorecard with 60 minutes to go now in regulation.

0:18.4

Hasn't been the strongest day for the Dow as you see, but after yesterday sell-off, green of any kind is a welcome site isn't it

0:25.4

Salesforce Microsoft the big winners for the industrial today and speaking of

0:29.3

tech the NASDAQ is outperforming on that holdback and rates despite a really rare downgrade for

0:34.9

Apple today. Key Bank taking the knife to that stock. It's still higher though nonetheless and

0:39.7

that is helping to keep the market upright. There's Apple getting a little bit of a lift.

0:44.5

It does take us to our talk of the tape,

0:46.9

the rising rate reality and whether we're getting close

0:49.8

to the end of the recent move.

0:52.0

Got to think we need to be of stocks and get anything going from here.

0:55.0

Let's ask our panel, Dan Greenhouses, Solis, alternative asset management's chief

0:58.5

strategist.

0:59.5

So FIs head of investment strategy, Liz Young, with us as well, and so is

1:03.4

C and BRC contributor Greg Branch of the Veritas Financial Group.

1:06.2

Everybody's at Post Nine, so we got a big desk because we got a big story that

1:09.9

we're trying to figure out.

1:10.8

Greg Branch.

1:12.4

Is this your moment?

...

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