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Closing Bell

Closing Bell 11/13/23

Closing Bell

CNBC

Business, News

4.4141 Ratings

🗓️ 13 November 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

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

0:03.8

and this make-or-break hour begins with a make-or-break moment for the market.

0:06.9

Tomorrow morning's CPI report.

0:09.0

Stocks looking to continue their late year run as rates remain steady and investors wonder if

0:14.0

it's finally okay to buy in. Well there's your scorecard with 60 minutes to go in

0:17.6

regulation a bit of a wait and see as you can see. Dow not doing too much

0:21.5

S&P and the Nasdaq of fractional losers so is the

0:24.8

Russell 2000 modestly to the upside we were focusing on rates but they're holding

0:29.0

steady mega-caps they're modestly lowerields are keeping in their recent range.

0:33.8

It takes us to our talk of the tape,

0:35.2

whether the Bear case is tired and overstated

0:38.0

as one Wall Street firm suggested today.

0:40.6

Well, let's ask someone who's been negative on stocks for many months.

0:43.4

Eric Johnston of Kenner Fitzgerald, he's with me here at post-9.

0:46.4

Welcome back.

0:47.4

Thank you, Scott.

0:48.4

Are you tired of making this bare case?

0:50.1

Is it overstated at this point?

0:51.4

Are you sticking to your conviction here? Yeah, it's not overstated at this point? Are you sticking to your conviction here?

0:53.3

Yeah, it's not overstated.

0:54.9

And the only reason why I'd be tired

0:56.3

is that stocks have performed poorly for now almost two years, right?

...

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