Closing Bell: Make It or Break It Week 4/8/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 8 April 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can stocks continue to rise if bond yields do as well? Anastasia Amoroso from iCapital, Steve Liesman and JP Morgan Asset Management’s Jordan Jackson discuss. Plus, billionaire investor Marc Lasry breaks down where he sees opportunity right now and what he thinks the Fed’s next move could be. And, Google’s cloud conference kicks off tomorrow. We discuss what’s at stake for the company’s AI strategy – and the stock.

Transcript

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0:00.0	All right, welcome to closing bell. I'm Scott Wobner live from Post Nine here at the New York Stock Exchange.
0:04.0	This make a break hour begins with a make it a break it week for the rally as rates continue to rise.
0:08.4	Stocks remain unsettled, never mind earnings which are about to begin as well.
0:12.8	We'll ask our experts over this final stretch what is really at stake this week
0:16.4	including the billionaire investor Mark Lassary.
0:19.1	He'll join me in just a few.
0:21.0	In the meantime, your scorecard with 60 minutes to go and regulation looks
0:24.9	like this the story really continues to be about that backup and yields take a
0:28.6	look for 42 is where we currently stand on the 10 year.
0:33.0	Well, that's putting pressure on the major averages today.
0:36.0	No real conviction either way for the Dow S&P and NAS.
0:39.0	Big week gets going.
0:40.0	It's going to be a big one.
0:42.0	There's your look at the major averages now. Yes, we are
0:44.2	green across the board, not decidedly so, but we'll take it given what's happening with
0:48.8	yields, PPI, CPI earnings all in the days ahead. We are watching Tech as always, Meta and Amazon a couple of bright spots today, both
0:56.2	hitting new highs today.
0:58.1	Meta then turning negative, it's down about 1%.
1:00.6	Amazon is still in the green.
1:01.4	It takes us to our talk of the tape.
1:03.0	Whether stocks can continue to rise at bond yields do as well.
1:07.0	Let's ask Anastasia Amaroso, I capital's chief investment strategist with me here at Post Nine.
	...

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