Closing Bell Overtime: Fed Releases Stress Test Results 6/26/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 26 June 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Fed released its annual stress results for the 31 largest banks in the country. Hennessy Funds Portfolio Manager Dave Ellison and RBC’s banks analyst Gerard Cassidy break down the investment implications. G Squared Private Wealth’s Victoria Greene and Ariel Investments’ Charlie Bobrinskoy on today’s market action. Earnings from Micron, Levi and AeroVironment.

Transcript

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0:00.0	Well, a late push higher for stocks with plenty of movement under the surface as Amazon closes at a record and surpasses 2 trillion dollars in market cap.
0:11.0	Invidia comes back from its lows as well.
0:13.2	That is the scorecard on Wall Street,
0:14.6	but the action is just getting started.
0:16.3	Welcome to Closing Bell overtime.
0:17.8	I'm Morgan Brennan with John Fort.
0:19.5	And we got a big hour breaking news coming your way.
0:22.0	In just moments, Mike Ron releases its
0:24.3	quarterly numbers with the stock up more than 70% so far this year plus earnings are
0:29.6	coming from Levi's and Dronemaker Aerovirus as well.
0:33.4	And at 4.30 Eastern, the Fed releases its annual bank stress test results
0:39.0	with big implications for capital returns to investors.
0:42.0	We will be all over that news when it crosses,
0:45.2	but let's begin with the markets and a record closed for Amazon as the company
0:48.6	reaches two trillion dollars in market cap for the first time that move
0:52.3	helping the NASDAQ to out perform today
0:55.0	up about half a percent closing higher but brant let's bring in our market panel
1:00.0	joining us now is G-square private wealth CIO and CMBC contributor Victoria Green and
1:04.4	aerial investments Vice Chairman Charlie Bibrinskoi.
1:07.8	Great to have you both here.
1:09.1	Victoria, I'll start with you.
1:10.9	Amazon, $2 trillion club club where does it go from here
	...

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