Closing Bell Overtime: Global Tech Rout Deepens; Roblox CEO Outlines New Strategies 9/6/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 6 September 2024
⏱️ 43 minutes
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| 0:00.0 | All right an ugly end to an ugly week as stocks pull back sharply following this |
| 0:11.0 | morning soft jobs report the S&P 500 wrapping up its |
| 0:13.7 | worst week of the year the NASDAQ it's worst since 2022 that is the |
| 0:18.0 | scorecard on Wall Street but the action is just getting started |
| 0:21.0 | welcome to closing bell overtime I'm Morgan Brennan with John |
| 0:23.7 | Ford. We're going to be all over this market sell-off throughout the hour also on what |
| 0:27.4 | to do next week with a great lineup of guests including tech investor Dan Niles |
| 0:31.2 | on the huge pullback for technology stocks this week. |
| 0:34.0 | It was led by a nearly 15% drawdown for NVIDIA. |
| 0:37.8 | And Apple, outperforming the rest of Tech this week, |
| 0:40.8 | and its hardware event is just a weekend away with investors |
| 0:44.8 | questioning whether the latest iPhone launch will drive and upgrade |
| 0:47.8 | super cycle we will talk about what's at stake for shareholders but let's get |
| 0:51.7 | straight to the sell-off with our market panel. |
| 0:53.7 | Joining us now, Kara Murphy from Kestra Investment Management, David Zervos from |
| 0:57.8 | Jeffries and Senior Economics Reporter Steve Leisman. It is an all-star panel. |
| 1:01.8 | I'm going to start with our guests here on set. |
| 1:04.4 | David, I'll go to you first. Okay, soft jobs report, a lot of Fed speak today, some scuttle |
| 1:09.7 | butt that perhaps Waller is what spooked the market here. Your thoughts. |
| 1:13.4 | The data wasn't that bad. |
| 1:15.0 | I almost think, you know, we always talk about how bad data can engender a kind of good |
| 1:19.5 | reaction in the market because then we get the faster rate cuts, but it wasn't good enough to get, |
... |
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