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Closing Bell

Closing Bell: Big Week for Your Money 7/9/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 9 July 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

How should investors navigate all that lies ahead? Sofi’s Liz Young Thomas tells us what she is expecting from upcoming data and earnings… and what it could mean for your money. Plus, Former Deputy Treasury Secretary Roger Altman tells us what he thinks the road ahead for the Fed might be and how the upcoming election could impact stocks. And, JP Morgan Asset Management’s Gabriela Santos reveals the themes she is watching in the second half, and the names she is betting on right now.

Transcript

Click on a timestamp to play from that location

0:00.0

All right guys, thanks so much. Welcome to Closing Bell. I'm Scott Wobner live from

0:03.3

Post 9 here at the New York Stock Exchange. This make a break out begins with the

0:06.8

road to rate cuts, whether it is getting a lot shorter and what that might mean

0:11.5

for stocks in the months ahead.

0:12.8

We will ask our experts over this final stretch.

0:14.8

In the meantime, let's look at the scorecard with 60 minutes to go in regulation.

0:18.8

We are mostly higher, albeit slightly on the S&P, but we are extending those record high.

0:23.8

So is the Nasdak Dow is going to fight it out over this final stretch.

0:27.3

The Fed Chair, he appeared on Capitol Hill today, skewing a bit dovish as he laid the groundwork

0:31.6

for rate cuts later this year.

0:33.0

S&P of NASDAQ, well we're going to watch them.

0:36.0

Financial's best sector today led by the stocks you see right there.

0:39.0

Look at Goldman and J.P. Morgan Bank of America, all with nice gains.

0:43.1

Apple is on the move again.

0:45.0

It is once again the biggest cap,

0:46.8

biggest market cap company in this market

0:49.4

and it has been on a role of late.

0:51.2

So is Tesla.

0:52.0

It is higher yet again today. It does take us to our talk of the

0:56.2

tape this big week for your money. How to play all that lies ahead. We will ask Liz Young Thomas,

1:02.2

so-fies head of investment strategy with me here at

1:04.9

post nine it's good to see you good to see you too I felt like that's what the

...

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