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Closing Bell

Closing Bell Overtime: US Chamber of Commerce CEO On Markets & Election; Tom Lee On Bitcoin Surge 7/15/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 15 July 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Fundstrat’s Tom Lee breaks down the move higher in stocks and crypto today. Our Steve Kovach on why Apple climbed 2% today. US Chamber of Commerce CEO Suzanne Clark joins to talk about the group’s 3% growth goal and its call for candidates to embrace growth. As Google considers its larger-ever deal for cyber company Wiz, fellow cybersecurity vendor Arctic Wolf CEO Nick Schneider talks consolidation in the sector and what it means for tech giants to enter the space. Plus, former Truist CEO Kelly King on the bank earnings so far and the recent run higher in regionals.

Transcript

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0:00.0

That bell means the end of regulation Parsons Corporation

0:04.9

ringing the bell at the New York Stock Exchange

0:07.6

Massimo Group doing the honors at Nasdaq,

0:10.3

the Dow closing at a record but it was a small caps that outshined once again with the

0:14.6

Russell 2000 gaining 2% even as the other indices came off their highs and that's the

0:20.8

scorecard on Wall Street but as always

0:22.5

winter stay late welcome to closing about overtime I'm John Fort Morgan Brennan

0:26.4

is off today and coming up this hour fun strats Tom Lee is gonna give us his

0:31.6

latest market prediction as stocks sit near record highs and

0:35.2

Bitcoin takes another leg up. Plus we're going to talk to Chamber of Commerce CEO

0:40.0

Suzanne Clark about her business focus message for the 2024 candidates as the

0:45.0

RNC gets underway in the wake of a failed assassination attempt and as

0:50.0

former President Trump picks JD Vance as his running mate and Apple hitting a record high today

0:56.4

We're gonna tell you what's behind the latest boost for that stock but first major averages extended last week's gains with more record closes and a 52-week high

1:06.0

for the Russell 2000.

1:07.8

Let's bring in our market panel, Charles Schwab Asset Managed CEO CEO, Omar Aguilar and Deutsche Bank, wealth management

1:16.9

for the Americas, Depak Puri.

1:19.6

Guys, good afternoon.

1:22.0

Omar, so politics went from dramatic uncertainty and a scary event over the weekend to a VP pick today. Elections can be a hundred days out a cost for volatility in the markets

1:38.6

but we don't see it now. What do you think we get from here in the markets?

1:43.0

Well, elections usually bring that a level of uncertainty, and I think you will see, and we're seeing already,

1:49.0

as we get closer to the elections, we're going to see this bounce of volatility

...

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