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Closing Bell

Closing Bell: Moment of Truth for Your Money 5/22/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 22 May 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Investors anxiously awaiting Nvidia’s report in Overtime … mulling where stocks are likely to go, regardless of those results. Our all-star panel of Bryn Talkington, Josh Brown and Stacy Rasgon break down what they’re expecting and what it could mean for the market as a whole. Plus, Light Street’s Glen Kacher tells us how he is navigating the AI wars. And, Seema Mody sets us up for what’s at stake from Snowflake’s results.

Transcript

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0:00.0

Welcome to Closing Bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:04.4

This make-a-break hour begins with a make-or-break moment perhaps for this market.

0:08.4

Invidia earnings, as Don was just saying, in just about an hour from now,

0:12.0

rarely has one stock mattered so much which is

0:14.8

why over this final stretch will size up what is really at stake this evening in the

0:19.0

meantime your scorecard was 60 minutes to go in regulation, well it looks like this. We were green,

0:25.2

well tech was green, some of the other sectors were green as well. Fed minutes though, they were

0:29.6

a little hawkish. Backward looking yes, hawkish nonetheless, market didn't like it very much so we do have a

0:35.1

bit of a sell-off on Wall Street at this hour a couple of stocks to note specifically

0:40.0

lulu and target well they are down sharply after their earnings reports and

0:44.0

those reports only raising more questions about the state of the consumer this

0:47.1

afternoon. It does take us to our talk of the tape this moment of truth for your

0:50.8

money and where stocks are likely to go no matter what

0:53.3

happens this evening in overtime. Let's bring in our panel of experts, Bryn

0:57.0

talkington with requisite capital management, a CMBC contributor Josh Brown

1:01.1

CEO co-founder of Riddholz-Walth's

1:03.2

also a C. M. B. C. Contributor, the star analyst Stacy Raskon

1:07.2

is with us as well of Bernstein. Welcome everybody. It's good to have you. We all

1:11.1

know what's at stake here. Josh Brown, but why don't you tell us as a long standing shareholder of invidia.

1:16.5

Yeah, how you're thinking about this report tonight.

1:18.6

Yeah, I feel like I've grown up with invidia. It's like it's it's been with me for a long time.

1:23.0

Look, I feel that this is so such a hard story, believe it or not.

...

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