4.8 • 118 Ratings
🗓️ 15 March 2024
⏱️ 46 minutes
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0:00.0 | Wow a down day stock slumping to close out the week that is the |
0:06.2 | scorecard on Wall Street but the action is just getting started |
0:08.6 | welcome to closing bell overtime I'm Morgan Brennan with John Ford |
0:11.5 | the Dow is falling for a second straight day while the S&P and NASDAQ extend their losing streets |
0:16.4 | to a third day. |
0:17.7 | Tech, the biggest drag on the market because of weakness in software stocks after Adobe's disappointing guidance that you heard about first |
0:25.2 | here in overtime yesterday. |
0:26.5 | And coming up an exclusive interview with Coastal Ventures managing director Keith Rhe Rheboi, |
0:31.2 | he promised to cut off funding for any Republican in Congress who votes against |
0:34.7 | the bill to ban Tik-Toc or force a sale. |
0:38.4 | Find out whether he has any interest in a deal to buy the social media company himself. |
0:42.0 | Plus, we will get the outlook for M&A with Evercore founder Roger Altman, whose firm is reportedly |
0:47.6 | closing the gap with Goldman Sachs on deal-making advisory revenues. But let's get to today's market action with our market |
0:55.3 | panel. Joining us now is Terry Wiseman of Macquarie and Osung-Qua of Bank of |
0:59.7 | America. It's great to have you both here, especially on a day where stocks are taking a breather, |
1:05.0 | not just here in this trading session, but also on the week. |
1:08.0 | So, Son, you're here with us on set. |
1:10.0 | It's interesting, just a couple of days ago at Bank of America you raised your your targets for earnings this year highest top down |
1:19.4 | Forecast now on the street. Why? Yeah, thanks for hanging with today great to be here so yeah we're |
1:24.3 | bullish on earnings we are forecasting 250 dollars for 2024 and another 10% |
1:29.9 | growth next year, so 275. |
1:32.6 | And we believe that we are entering into this virtual cycle and earnings. |
... |
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