Closing Bell Overtime: Fed Weighing Rate Hike, Risk of Recession, & A Rally That Might Be On The Horizon 06/13/22

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 13 June 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

A fast-paced look at the after-hours moves and late-breaking news live from the New York Stock Exchange. Closing Bell Overtime drills down into stocks and sectors, interviews some of the world’s most influential investors and gets you ready for the next day’s action. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	All right, sir.
0:02.0	Thanks so much.
0:03.0	Welcome, everybody.
0:04.0	Over time.
0:05.0	I'm Scott Wapney, you just heard the bells.
0:06.0	We're just getting started right here at Post-9.
0:09.0	In just a few minutes, I'll speak to Charles Schwabs,
0:12.0	Stockstar, Liz Ann Saunders on where this bear market might
0:15.4	be going next after another rough and tumble session.
0:19.4	Oracle earnings, they're imminent, the numbers in the reaction when those hit as we get another good
0:23.6	read on the state of corporate spending. We do begin though with our talk of the
0:28.3	tape this relentless route for your money and whether there are any signs it is nearing an end.
0:33.7	Kanters Eric Johnson is with me here live at Post 9.
0:37.0	We're going to get to him in just a moment.
0:38.5	I'm glad you're here with me, but I do want to get to the big story of this late day and that is the Wall Street Journal
0:45.2	Scoop.
0:46.2	About an hour ago that the Fed is considering a 75 basis point rate hike this week.
0:54.0	Let's bring in the reporter who broke that story.
0:55.8	Nick Timmeros of the Wall Street Journal is with me now.
0:58.8	Thank you so much, very much for being with me.
1:01.0	This was in fact a market moving story. Tell me more.
1:04.0	Well thanks for having me Scott. You know it looked a week ago like the debate at this
	...

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