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Closing Bell

Closing Bell Overtime: Disregulating Commercial Space, iPhone Demand & Investing in International Markets 10/18/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 18 October 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

Well that bell marks the end of regulation direct women.

0:06.0

Wringing the closing bell at the New York Stock Exchange,

0:08.0

Link Bank Corp doing the honors at the NASDAQ.

0:11.0

Passive aggressive men, no doubt silently still

0:12.8

that they weren't asked to ring the bell at either.

0:14.9

Well we got record closing highs for the Dow and the S&P 500 major averages

0:20.6

locking in six weeks in a row of games. That is a scorecard on Wall Street

0:25.3

but winter's staying late even on a Friday. Walking to Princeton Bell overtime, I'm

0:28.5

John Ford with Morgan Brown. A direct woman. Well coming up this hour, Prince Drats,

0:32.4

Tom Lee, and Jeffries

0:33.6

David Zerbos gets you set for the next week's trade and Tom Lee explains why

0:38.4

his new big call is on the home builders. Plus CVS getting crushed today after replacing its CEO and issuing weak guidance.

0:47.0

We'll talk about whether or not this pullback is a buying opportunity.

0:50.0

And Apple getting a boost on a report saying iPhone demand is strong in China but one analyst says

0:56.1

To take it with a grain of salt he's going to tell us why

0:58.6

But we begin this hour with a news alert from the Treasury Department. Our Megan Kisella has the details.

1:04.2

Megan.

1:05.2

John, we have new data on the Treasury's budget for the fiscal year that ended in September.

1:10.0

And it shows the U.S. deficit hit $.8 trillion dollars for the year.

1:14.3

That's the third largest deficit on record after only the COVID years of 2020 and 2021.

1:19.8

Now overall revenue was up 11% for the year hitting 4.9 trillion.

1:24.0

That was an all-time record, too, partly due to more taxes coming in

...

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