Closing Bell Overtime: Tech Stocks Rebound; Apple Has Best Day Of The Year; Evercore’s Roger Altman On Economy, Inflation 4/11/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 11 April 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tech led a rebound in stocks after Wednesday’s selling while Apple notched its best day of the year. JPMorgan’s Phil Camporeale on the market action while Patrick Moorhead covers Apple’s bounce. Evercore founder Roger Altman on the Fed’s next steps, when a cut could happen and the resilient economy. Our Morgan Brennan on the explosive growth of the space economy in Colorado. TIAA CIO for Wealth Management Neel Mukherjee on how he is advising clients.

Transcript

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0:00.0	And the breaking news is a record high for Amazon. That helping
0:07.4	tech stocks recover from their recent funk. And there is your
0:10.9	scorecard on Wall Street kind of looks like one of those cookies, right?
0:14.0	Green on one half, right on the other.
0:16.2	The action though, just getting started.
0:18.2	Hi everybody, welcome to Closing Bell.
0:19.7	I am Brian and once again, John is off.
0:21.7	Morgan will join us shortly from Colorado the
0:24.6	market and you finally getting a little good news on inflation with the March
0:28.6	producer price index rising but rising less than expected coming up.
0:34.3	Evercore founder, Roger Altman, on this week's mixed picture on inflation, what he thinks
0:39.0	the Fed will, if at all, start cutting rates.
0:42.4	Plus, TIAIA wealth management's chief
0:45.2	investment officer on where he sees some of the biggest market opportunities for you
0:49.6	right now Neil Mukigy will join us in just a bit.
0:54.0	Let's get right now to today's action, though, with our first guest,
0:57.0	and that is Phil Camporelli of J.P. Morgan Asset Management with us on set.
1:02.0	Phil, good to have you.
1:03.0	Good to be a good.
1:04.0	How do we read the inflation picture?
1:05.0	Yesterday was doom and gloom today,
1:08.0	a little bit better.
	...

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