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Closing Bell

Closing Bell 7/20/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 20 July 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 up Scott Wopner Post 9 here at the New York Stock Exchange.

0:03.4

This make-or-break hour begins with the surging Dow.

0:06.0

heading for its ninth day in a row of gains, it raises the question now of

0:10.1

whether sectors that were lagging will soon be leading.

0:12.6

We'll ask Ed Yardini in just a moment, he remains bullish on the market and he is here

0:17.4

at Post 9 at the New York Stock Exchange.

0:20.2

In the meantime, your scorecard was 60 minutes to go in regulation health care energy

0:24.8

industrial is among the best areas today names like J&J IBM Boeing in the banks

0:30.4

leading the Dow's continued rise there you go green across the board

0:33.7

there down day for the Nasdaq Tesla Netflix and midday miss from SAP dragging

0:38.7

tech a bit there's SAP the bottom of your screen, down near 7%.

0:42.8

We are near the highest levels across the board, still, though, on the major averages

0:46.4

since early 2022.

0:48.1

And it takes us to our talk to the tape, the rally itself.

0:51.1

And why Ed Yardini says, it it has staying power he joins me as I said

0:55.2

here at the stock exchange welcome back it's been a minute since since before COVID you

0:59.5

said since you've been in the building yes well it's good to have you here in person

1:02.4

pleasure indeed so why do you think this has staying power been in the building? Well it's good to have you here in person.

1:02.5

My pleasure indeed. So why do you think this has staying power?

1:05.5

Well I think that we're not going to have a recession. We've had sort of a rolling recession hitting

1:11.5

different industries in different times.

1:13.0

We've talked about it before.

...

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