Closing Bell: Believe in the Broadening? 2/12/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 12 February 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Solus Alternative Asset Management’s Dan Greenhaus and BNY Mellon’s Alicia Levine explain their forecasts and whether or not they believe in the broadening. Plus, Sara Naison-Tarajano from Goldman Sachs Private Wealth is revealing how she is advising her ultra high net worth clients. And, retailing legend Mickey Drexler weighs in on the state of the consumer, inflation and the latest NRF/CNBC retail data.

Transcript

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0:00.0	All right, guys, thanks so much.
0:02.0	Welcome to Closing Bell.
0:02.8	I'm Scott Wotner live from Post 9 here
0:04.2	at the New York Stock Exchange.
0:05.6	This make-up-break hour begins with surging stocks,
0:07.6	the broadening rally,
0:08.4	whether it is a true turning point for your money.
0:10.8	We'll ask our experts over this final stretch, including Goldman's head of family office,
0:15.3	Sarah Nason Terrejano.
0:17.2	Also coming up an exclusive with retailing legend Mickey Drexler on the state of the consumer.
0:22.0	Can't wait for that in the meantime your scorecard
0:23.8	with 60 minutes to go in regulation looks like this well we were within a
0:27.6	whisker of more milestones in the market particularly for the NASDAQ going for a
0:31.6	new closing high.
0:32.7	That would be 16,57 and change.
0:36.7	So we've come down a bit midday.
0:38.9	We're still pushing and we will track it
0:41.0	over the final stretch.
0:42.0	Small caps, another banner day that Russell
0:43.8	2,000 outperforming the rest of the market today and what would a day be without
0:48.2	a check on invidious shares well they were up again so there's the intrad day so now they're flat trying to eke out yet another
0:55.8	game. What a remarkable run that's been and we're watching shares of arm
	...

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