Closing Bell Overtime: Evercore’s Krishna Guha On The Fed; Betterment CEO On Acquiring Marcus Customers From Goldman 5/10/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 10 May 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow posting its best week of the year, while the S&P 500 and Nasdaq are both on 3-week winning streak. Wells Fargo’s Scott Wren and Envestnet’s Dana D’Auria break down the market action and look ahead to key data and earnings next week. Zeekr spikes in its first day of trading. Evercore ISI Vice Chairman Krishna Guha talks his inflation expectations. Betterment CEO Sarah Levy gives her first interview since news her company is acquiring Goldman’s Marcus customers. Jefferies analyst Dr. Roger Song on why he sees more upside ahead for Novavax even after today’s 100% move higher.

Transcript

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0:00.0	The Dow
0:03.9	Dow closing higher for the eighth straight session, the NASDAQ and
0:07.4	S&P 500 finishing out their third straight weeks of gains. This is the fourth
0:11.8	straight week of gains for the Dow. This is the fourth straight week of Gaines for the Dow. That is the
0:15.1	scorecard on Wall Street, but the action is just getting started. Welcome to
0:18.4	Closing Bell overtime. I'm Morgan Brennan. John Fort is off today. Well coming up this hour, Evercore
0:23.8	ISI Vice Chairman Krishna Guha joins us with his predictions on inflation and the
0:28.8	Fed ahead of a big week of potentially market moving data.
0:34.1	And an analyst who calls himself,
0:36.3	quote, probably the street's biggest Novavax bull
0:39.5	joins us to talk about the news that sent that stock
0:42.2	rocketing higher today, basically
0:44.3	doubling. Let's get to today's market action though with our panel. Joining
0:48.6	me now is Scott Wren of Wells Fargo Investment Institute and Dana Deoria
0:52.2	of InvestNet.
0:53.7	It's great to have you both here.
0:55.0	Dana, I'm going to start with you because it's been a week in which stocks have traded
0:59.9	in a, I'd say relatively tight range.
1:02.8	Nonetheless, we're seeing gains.
1:04.2	The S&P 500 is something like 1% from its record
1:09.3	closing high not that long ago.
1:12.1	The fact that we've seen this reigniting of equities what is
	...

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