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Closing Bell

Closing Bell: Jobs Report Jitters 9/5/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 5 September 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

How much does tomorrow’s jobs report matter to the bull market? Charles Schwab’s Liz Ann Sonders gives her take. Plus, LA Rams president Kevin Demoff reacts to being ranked #2 on CNBC’s inaugural NFL valuations list. And, we break down what is behind Tesla’s big charge higher today.

Transcript

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0:00.0

All right, guys, thanks so much. Welcome to Closing Bell. I'm Scott Wabner live from Post 9 here at the New York Stock Exchange.

0:05.2

This make-a-break hour begins with high anxiety over tomorrow's jobs report and what it could mean to this unsettled market.

0:11.6

Well, ask our experts over this final stretch.

0:14.0

Take a look at the scorecard now with 60 minutes to go

0:17.0

in regulation.

0:18.0

Pretty tough day throughout.

0:19.0

I mean, mostly red, though,

0:21.0

there's some buying in the NASDAQ as we come on with you right

0:24.4

now that's following a weaker than expected ADP employment report not always a

0:28.0

preview of the official jobs print but nonetheless adding two concerns over the

0:32.3

strength of the economy most sectors today the pressure. Text tried to get something going, as I've said, been a little difficult.

0:45.0

We'll see what this final stretch holds though.

0:47.0

It does take us to our talk of the tape.

0:48.8

How much that jobs report tomorrow really matters to this bull market.

0:51.8

Still is a bull market. It still is a bull market.

0:53.2

Let's ask Liz Ann Saunders,

0:54.8

Schwab's chief investment strategist.

0:56.3

Welcome back.

0:56.8

It's nice to see you.

0:58.0

Nice to see you, too, Scott.

0:58.9

Thanks for having me.

0:59.8

It's still a bull market, but it, whoa, it doesn't feel like when these last few days does it?

...

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