Closing Bell Overtime: CEA Chairman Jared Bernstein On US Economy; CEOs of Freshworks, Arista Networks On Enterprise Spending 10/31/23
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 31 October 2023
⏱️ 45 minutes
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| 0:00.0 | Stop sitting near the highs. You got your scorecard on Wall Street, but |
| 0:04.0 | winter stay late. Welcome to the closing bell overtime. I'm John Fort |
| 0:06.8 | Morgan Brennan is off today. A&D headlines another packed hour of earnings |
| 0:11.4 | along with Caesar's First Solar Match and IT spending |
| 0:15.2 | Bell Weather Fresh Works. We're going to bring you the numbers and a first on |
| 0:18.8 | CNBC interview with the CEO Fresh Works ahead of his call with analysts. |
| 0:23.6 | Plus, we'll talk to Council of Economic Advisors Chair |
| 0:27.0 | Jared Bernstein about the state of the American economy |
| 0:29.6 | ahead of tomorrow's Fed decision |
| 0:31.2 | and about a new move by the White House to crack down on junk fees and retirement plans. |
| 0:36.8 | We begin though with the market as we wrap up a bleak October, the third negative month in a row for the major averages and the longest monthly |
| 0:44.9 | losing streak for the S&P 500 in more than three years. |
| 0:49.0 | The NASDAQ saw the sharpest decline as a number of mega cap tech names got hit hard post earnings. Let's bring Sharp's seem to have have the best day to end October whether you're looking at Dow |
| 1:06.0 | versus Russell or even just at the mega caps which are pretty mixed today. |
| 1:09.6 | Yes so whatever you hated the most or whatever the market hated the most in October, |
| 1:15.0 | seems like it got a little bit of a break starting this week. |
| 1:18.0 | So markets going to see if there was maybe undue punishment, |
| 1:22.7 | made it out to some of these very cyclical parts |
| 1:25.6 | of the market. |
| 1:26.8 | The economy obviously has been the fixation of everybody |
| 1:31.0 | and can it withstand what's going on in yields are we on the |
| 1:33.6 | precipice of a more of a downturn market in October said we're going to just |
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