Closing Bell 7/14/23

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 14 July 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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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 Mike Santoli in for Scott Wofner.
0:03.2	This make or break hour begins with a summer rally showing some fatigue as investors take
0:08.0	profits on strong early earnings reports and as bond yields bounce just a bit.
0:12.6	Coming up, Tiro Price is Sebastian Page.
0:15.1	He calls himself a reluctant bear.
0:17.4	He'll tell us what alternatives he sees to stocks right now.
0:20.8	But we begin with our talk of the tape. Has the market's recent run to a 15 month high,
0:25.4	fully priced in the now popular soft landing story? Let's ask Cameron Dawson of New Edge.
0:30.6	Well, Cameron, great to see here.
0:32.0	Good to see you.
0:33.0	So I guess coming into this year, the idea that we were going to have this perfect benign
0:37.2	soft landing, you know, growth stays okay, inflation comes down, the Fed's not too
0:40.8	scary.
0:41.8	It was a bit of a long shot.
0:42.9	I think not that many were willing to bet on it.
0:45.1	At this point with the market up where it is,
0:47.4	it seems as if after this week's CPI report,
0:50.2	it almost seems like consensus.
0:51.6	Where does that take us in terms of of what the market is
0:54.3	already priced in yeah and I think one of the interesting things is that if we look
0:58.3	into 23 the rest of the year and 24 what you already are pricing into earnings is that soft landing.
1:04.8	You have a growth of about 11% of earnings in 2024.
	...

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