Closing Bell Overtime: Stocks Plunge Across the World As Growth Fears, Fed Spook Markets; Google Loses To DOJ 8/5/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 5 August 2024
⏱️ 46 minutes
🧾️ Download transcript
Summary
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| 0:00.0 | That's the end of regulation. |
| 0:01.2 | AMTD Idea Group bringing the closing belt in New York Stock Exchange, |
| 0:04.8 | M.F. International doing the honors at the NASDAQ. |
| 0:07.8 | Red across the screens as a massive broad sell-off, |
| 0:11.3 | rocks investors in the US and around the world. |
| 0:13.7 | That is a scorecard on Wall Street, the Dow just closing down more than a thousand points. |
| 0:17.8 | Let's get to the action though. |
| 0:20.4 | Welcome to Closing Bell overtime. |
| 0:21.6 | I'm Morgan Brennan. |
| 0:22.3 | John Fort is off today. |
| 0:23.7 | We will be all over this sell-off throughout the hour |
| 0:26.0 | with top market strategists from JP Morgan, |
| 0:28.4 | Wells Fargo, and Morgan Stanley walking us through |
| 0:31.5 | what could come next. |
| 0:32.8 | Plus, we will also talk to former Fed, Vice Chair |
| 0:36.0 | Roger Ferguson, and Apollo Global Chief Economist |
| 0:38.5 | Torsen-Slock about these recession fears |
| 0:41.2 | and whether the Fed is behind the curve. |
| 0:44.0 | Plus, a real-time look at the health of corporate America |
| 0:47.5 | when we get earnings from Palantier, Lucid, Simon Property Group, CSX, |
| 0:51.5 | and more. But first, let's get to this market plunge with our panel, |
| 0:55.6 | David Kelly of J.P. Morgan Asset Management, |
... |
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