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Closing Bell

Closing Bell Overtime: Meta’s Nick Clegg On The White House 7/21/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 21 July 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Dow notched its tenth straight positive session – the longest winning streak since August 2017. Fundstrat’s Tom Lee breaks down the busy week and looks ahead to next week’s earnings reports. Nick Clegg, Meta Global Affairs President, was part of an AI meeting at the White House. He joins the show to discuss what was agreed to. CalSTRS CIO Chris Ailman on where he is positioning. Calibrate CEO Isabelle Kenyon on the heavy cost of weight loss drugs. Bespoke’s Paul Hickey on three under-the-radar names to watch next week.

Transcript

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0:00.0

What is the scorecard on Wall Street?

0:02.2

It's kind of hard to say, but winter's

0:05.0

late to find out.

0:06.4

Welcome to the closing bell overtime.

0:07.6

I am John Ford here with Morgan Brennan,

0:09.5

and the Dow was trying to close higher

0:11.6

for a 10th straight day.

0:13.0

Did it? Maybe, maybe just by its fingernails,

0:16.0

like Mission Impossible Tom Cruise style.

0:18.0

That would have been its longest streak since August 2017.

0:22.0

The Blue Chip Index rallying about 2% this week the

0:25.6

S&P was higher by nearly 1% the NASDAQ down less than one if you thought

0:31.8

Morgan. That this week was big for the market we'll

0:34.7

wait until you see what's on tap for next week. Investors are preparing for

0:38.3

the latest Fed decision on interest rates and the busiest week of earnings

0:42.1

season.

0:43.0

Coming up, an all-star list of guests are ready to give you their investing playbooks.

0:47.0

And we are finishing each other sentences.

0:49.0

We are.

0:50.0

A first on CMVC interview with Meadows President, Global Affairs, Nick Clegg. He was among a group of

0:56.2

tech executives that just met with President Biden, pledged to develop safe, secure,

1:01.0

and transparent AI technologies.

...

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