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Closing Bell

Closing Bell Overtime: Inflation Stock Shock Ahead? 06/09/22

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 9 June 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Investors are bracing for tomorrow’s all-important CPI number and it could spell further trouble for markets. Trivariate’s Adam Parker gives his prediction. Meantime, JP Morgan Asset Management’s Gabriela Santos is forecasting sunnier skies ahead for markets. She makes her case. Plus, Mike Santoli breaks down the key S&P levels he is watching ahead of tomorrow’s crucial data. 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

Sir, thank you so much. Welcome everybody to overtime. I'm Scott Walker, you just heard the bells. We are just getting started with a busy hour.

0:08.0

DocuSign earnings, they are imminent as usual. We'll have the numbers and the instant stock reaction the moment that report

0:14.3

comes out. I will also be joined in just a little bit by J.P. Morgan's Gabriella

0:18.9

Santos on why she thinks we're closer to the end of the selling than the beginning and

0:23.8

it's interesting to get that take on a day like today and we do begin though with

0:27.9

our talk of the tape all that is riding on tomorrow's critical inflation read

0:32.4

and which could cause a big shock to stocks.

0:35.4

A hot read or a cold read.

0:37.4

We're going to discuss that.

0:38.4

In fact, let's ask Trivariats Adam Parker.

0:40.7

He's with me now live.

0:42.0

It's good to see you.

0:43.0

Did you call ahead and say you were coming and the stock market sold off again?

0:46.0

Yeah, we're doing fine and about noon we decided I was coming on and then it tanked.

0:49.0

That seems to be the best signal you and I have in the last two months.

0:52.0

Don't want me into you.

0:53.1

Oh, I mean, it's only when I'm with you.

0:54.6

It's a fragile market.

0:56.0

That's the point.

0:57.2

Yeah, it is.

0:58.6

And I think things are confusing.

1:00.3

I'll tell you why.

...

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