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Closing Bell

Closing Bell: Can the Rally Keep Going? 7/8/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 8 July 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

If the economy is slowing and the Fed isn’t cutting – what’s next for this rally? Trivariate’s Adam Parker and Payne Capital’s Courtney Garcia give their forecasts. Plus, Boston Celtics Majority Owner Wyc Grousbeck discusses all things sports, the team’s record 18 championship wins and his sale announcement that stunned the sports world. And, Skybridge’s Anthony Scaramucci breaks down the fall in Bitcoin and tells us how he is navigating the crypto space right now.

Transcript

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0:00.0

Kelly, thanks so much welcome to closing bell. I'm Scott Wobner live from

0:03.1

Post 9 here at the New York Stock Exchange. This make-up-break hour

0:05.8

begins with this critical week for the markets, the rally trying to roll on, but

0:09.5

more questions now emerging about the state of the economy and how long earnings can

0:13.2

hold up if things slow.

0:15.2

We will ask our experts over this final stretch.

0:18.1

Also coming up today, an exclusive interview with Boston Celtics lead owner and Governor

0:22.4

Witt Grossbeck will discuss his team winning an interview with Boston Celtics lead owner and Governor

0:22.5

Witt Grossbeck.

0:23.6

We'll discuss his team winning an NBA record 18th

0:26.2

title last month and then stunning the sports

0:28.8

world by announcing the team is up for sale.

0:31.8

We'll discuss all of that in just a bit as the Larry O'Brien trophy.

0:35.2

There it is. It's going to make a big appearance today at post 9.

0:39.9

In the meantime, check out the scorecard with 60 minutes to go in regulation, some uncertainty

0:44.1

in the markets for sure today after some early gains today and ahead of the Fed shares appearance

0:48.6

on Capitol Hill tomorrow, lots of economic data is on tap along with earning season getting underway as you

0:54.4

know. Takes us to our talk of the tape. Whether this rally can keep going if the

0:58.8

economy is slowing and the Fed isn't cutting. Let's ask Adam Parker, he's the founder and CEO of Tri-Variate research.

1:04.4

Courtney Garcia is here as well of Payne Capital Management, both CNBC contributors.

1:08.3

Good to have you both here. That is a question, right? I mean there seems to be more questions now Adam about the state of the economy and where we're going to go from here. We've come a long way.

1:18.0

The market's done real well in the first half of the year. Now what?

...

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