Closing Bell Overtime: Sequoia Capital Splits Into Three Firms; Should Apple Buy Disney? 6/6/23
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 6 June 2023
⏱️ 45 minutes
🧾️ Download transcript
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| 0:00.0 | Well you got your scorecard on Wall Street such as it is but winter stay late |
| 0:04.1 | welcome to the closing bell overtime I'm John Ford Morgan Brennan is off today |
| 0:08.0 | and we got a big show coming your way coming up we're going to talk to |
| 0:11.5 | Needham analyst Laura Martin who says Apple should buy Disney |
| 0:16.4 | following the launch of the new Vision Pro headset. |
| 0:19.5 | Plus we're going to talk to former SEC Chairman Jay Clayton about the state of crypto after today's news |
| 0:24.1 | that the SEC is suing coin-based over allegations that it was operating as an |
| 0:29.0 | unregistered broker and exchange. But now let's get into today's market action with our first guest. |
| 0:34.6 | Joining us now, Scott Wren from Wells Fargo Investment Institute. |
| 0:38.0 | Scott, welcome, this feels like a dangerous moment for investors in the market right now. |
| 0:43.0 | And there wasn't a ton of movement when the day was over. |
| 0:46.4 | The Dow was just about perfectly flat. |
| 0:49.0 | But there's the danger of standing still, right? |
| 0:52.3 | Because if you had sold out of the market earlier this year, |
| 0:56.0 | expecting things to go bad, you feel like a fool there. |
| 0:59.0 | And also the danger of acting too rashly at this point. |
| 1:02.0 | What should investors do based on what's got on so |
| 1:04.8 | far? Well John for us first let me say that you know we're not chasing this |
| 1:09.0 | rally and what we've done is we've moved some cash into short-term fixed |
| 1:12.4 | income you know whether you're looking at three is we've moved some cash into short-term fixed income. |
| 1:13.0 | You know, whether you're looking at three months, six-month, |
| 1:16.0 | 12-month bills, you know, the yields over 5%. |
... |
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