Closing Bell Overtime: Investing In Defense Stocks Despite DC, Budget Uncertainty; Top Banks Picks As Earnings Roll On 10/17/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 17 October 2023
⏱️ 44 minutes
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| 0:00.0 | Stoats making a late day rebound despite the spike in Treasury |
| 0:04.3 | yield on red-hot retail sales that is a scorecard on Wall Street |
| 0:07.2 | but the action is just getting started. |
| 0:09.2 | Welcome to Closing Bell overtime. I'm Morgan Brennan with John Fort |
| 0:12.2 | coming up on today's show we are in the |
| 0:14.9 | thick of earning season and this afternoon we will get three reads on key parts of |
| 0:19.8 | the market when United Airlines J.B. Hunt and Interactive Brokers report results |
| 0:24.9 | will bring you those numbers as soon as they cross. |
| 0:27.8 | Plus we will break down the action in the banks and look ahead to tomorrow's |
| 0:31.4 | numbers from Morgan Stanley |
| 0:32.8 | when we're joined by Gabellius Financial Portfolio Manager. |
| 0:37.4 | We begin with the market though and competing narratives pushing and pulling on investors |
| 0:41.4 | today. |
| 0:42.4 | We had solid earnings from blue chip names |
| 0:44.4 | before the bell that helped lift sentiment but as I mentioned that hot retail sales number |
| 0:49.0 | spiking yields DC dysfunction new worries about chips that all kept the gains in a check you can see |
| 0:55.9 | the S&P closed basically unchanged 43 and the Dow actually finishing the day up |
| 1:01.4 | ever so slightly after being down |
| 1:03.7 | fingernail up yeah being down triple digits the Nas deck though |
| 1:08.0 | slightly lower joining us now Keith Lerner from truest and Kevin Merritt from |
| 1:12.0 | Wedbush. |
| 1:13.3 | Good afternoon to you both. |
... |
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