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Closing Bell

Closing Bell Overtime: Emerging Markets Investors’ ABC’s: Anything But China; Tradeweb Markets CEO On Deal Spree 4/8/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 8 April 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Ruchir Sharma on his best ideas for emerging markets. He says investors are following their ABC’s: Anything But China. Neuberger Berman’s Joe Amato on the investment giant’s outlook and what the Fed will do next. Plus, Tradeweb Markets CEO Billy Hult on his recent spree of acquisitions.

Transcript

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0:00.0

Well, interest rates keep rising, taking a late day toll on stocks. It was a

0:06.6

choppy session. It looks like the dial finishing just about flat. The S&P, a

0:10.2

similar move and the NASDAQ as well. That's the scorecard on Wall Street, but the

0:14.2

actions just getting started. Welcome to Closing Bell overtime. I'm Morgan Brennan.

0:18.4

John Fort is off. It was a volatile session for the major averages. We closed well off the highs as investors

0:23.8

do keep an eye close eye on the 10-year Treasury yield which hits the highest

0:28.7

level of the year. Coming up the CEO fixed income trading platform Trade Web on whether he thinks rates will keep rising.

0:37.0

Plus, Newberger-Berman, President Joe Amato, on where stocks are heading now and the biggest

0:42.2

opportunities for investors right now.

0:45.1

Let's break down today's market action though with our market panel.

0:48.7

Joining us now is Keith Lerner from Chuist and Nicole Inuit from HS.S.B.C.

0:52.8

It's great to have you both here.

0:54.0

I'm, this was literally a middling day for stocks.

0:57.0

I mean, we were higher, we were lower,

0:59.0

and we basically have finished the session flat here.

1:02.0

Keith, is this the calm before the storm when we have inflation data, Fed minutes, and then

1:06.4

earnings kicking off with the banks later this week?

1:08.8

Well, for us, yeah, Morgan, great to be with you on this eclipse day.

1:13.2

You know, I think a lot of people maybe were watching the eclipse and they wanted to focus on the market.

1:17.0

It's kind of boring, but I would say boring is good.

1:19.8

I think you're right, there's a lot of catalysts coming up.

1:22.0

But if we also think about where this market's coming up.

...

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