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Closing Bell

Closing Bell Overtime: Charles Schwab Chief Investment Strategist Liz Ann Sonders On The Market, Volatility; Snowflake, Zoom Report Earnings 8/21/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 21 August 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Major averages moved higher in the final minutes of trade, sending the Dow higher for the month. Snowflake and Zoom report earnings; we have analysts on each to break down what you need to know. Plus, Liz Ann Sonders, Charles Schwab Chief Investment Strategist talks market positioning and navigating volatility. Our Robert Frank reports on LVMH’s Bernard Arnault recent investments in AI

Transcript

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0:00.0

That bell marks the end of regulation.

0:02.2

Advanced Drainage Systems bringing the closing ballot

0:04.7

at the New York Stock Exchange,

0:06.0

the United States Tennis Association and 2024 US Open,

0:10.0

doing the honors at the NASDAQ.

0:11.7

And starts largely resuming their upward march financials,

0:16.1

the only S&P sector firmly in the red energy about flat line

0:20.1

as the Fed signals a September cut with consumer names taking the lead after

0:25.4

Target hit the mark on earnings and that's the score caught on Wall Street

0:28.8

but winter stay late welcome to closing about overtime I'm John Ford

0:31.8

Morgan Brennan is off today,

0:33.7

and we are moments away from a flood of earnings results

0:36.3

including Wolf Speed, Snowflake, Synopsys,

0:39.5

Urban Outfitters, Zoom, and more.

0:41.8

We're gonna bring you those as soon as they cross.

0:44.4

Plus, Charles Schwab, Chief Investment Strategist Liz Ann Saunders on why Fed Chair

0:48.8

Powell might not sound as dovage as investors hope at Jackson Hole in just a couple days but let's break

0:55.1

down today's market action now with our guests joining me here is Lori

0:58.6

Calvasino from RBC Capital Markets also Barbara Duran from B88 Capital guys welcome Lori you capital.

1:03.0

Guys, welcome, Lori, you feel good still about your year and S&P target here, 5,700.

1:08.0

That's less than 2% upside from here.

1:12.0

And what do you think about this adjusted jobs growth data a lot of

...

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