Closing Bell: Critical 48 Hours Ahead 6/12/23

Closing Bell

CNBC

News, Business

4.4 • 140 Ratings

🗓️ 12 June 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The next two days are critical for your money … so, what might it mean for this resilient rally? Gabriela Santos from JP Morgan Asset Management, Stephanie Link of Hightower and CNBC’s Steve Liesman give their expert market takes. Plus, the FTC is preparing to go after Microsoft’s acquisition of Activison Blizzard. Malcolm Etheridge of CIC Wealth – a Microsoft shareholder – weighs in on what this could mean for the stock. And, where investors can find opportunity in the energy space amid the oil slide.

Transcript

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0:00.0	Kelly, thank you very much. Welcome to Closing Bell. I'm Scott Wabner live from Post 9 here at the New York Stock Exchange.
0:05.3	This make a break hour begins with this winning streak for stocks and how it is suddenly more than just
0:10.5	tech pulling the markets along. The Dow on pace for its best month since November,
0:15.6	just as this critical week gets underway
0:17.8	with tomorrow's inflation report.
0:19.5	And then of course, Wednesday's Fed decision,
0:21.7	here's your scorecard with 60 minutes to go
0:23.9	in regulation discretionary in tech, the leaders today.
0:27.0	Several crews names are getting a big boost.
0:29.1	Intel is the big winner out of the Dow this hour.
0:32.3	Oracle leading tech ahead of its earnings
0:34.4	tonight in overtime pay attention to both of those names we certainly will leads us to
0:38.9	our talk of the tape the critical 48 hours ahead and what it might mean for this resilient rally.
0:45.0	Let's ask our panel, Gabriella Santos,
0:48.0	global market strategist for J.P. Morgan Asset Management,
0:51.0	Stephanie Link, High Towers, Chief Investment
0:53.1	Strategist and a C and VC contributor.
0:55.3	Our own senior economics reporter, he is not a strategist,
0:58.3	but he is nonetheless, Steve Leisman.
1:01.1	So let's begin the conversation. So Steve, what a time? What a time for a Fed meeting?
1:06.6	We have a new bull market allegedly started. I just wonder what they must be thinking about
1:11.8	this now as they sit down at that table starting
	...

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