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Closing Bell

Closing Bell Overtime: What’s Next For Tesla After Musk Pay Package Approved; Former Walmart US CEO On Consumer 6/14/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 14 June 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

After another Nasdaq record close, where do stocks go from here? Wells Fargo’s Scott Wren and 3Fourteen Research’s Warren Pies weigh in. Our Phil Lebeau on what’s next for Tesla. RBC’s Helima Croft on oil’s push higher. Former Walmart US CEO Bill Simon talks the consumer health after some weak retail results. Goldman Sachs’ Asad Haider on top takeaways from the bank’s annual health care conference.

Transcript

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0:00.0

Well the NASDAQ outperforming looks like it closed in the green going out with big

0:05.1

games for the weekend.

0:06.1

Yeah setting another record close. His names like Adobe and Broadcom rally that is the

0:11.5

scorecard on Wall Street but winter stay late

0:13.3

welcome to closing bell overtime I'm John Ford Morgan Brennan is off today

0:17.3

coming up on today's show are more cracks forming in the consumer story. Sentiment data missing estimates today after

0:24.7

R.H. plunged on results. We'll talk to an expert about the disconnect he

0:29.1

sees between what the market is saying and what consumers are saying.

0:33.4

Plus, oil wrapping up its best week of gains in more than two months,

0:37.3

RBC's Halima Croft is going to join us with her forecast

0:40.8

of where prices could be heading next.

0:43.2

And Goldman Sachs out with a new survey following its annual health care conference,

0:47.9

naming one lagging company in that space that investors think will snap back in the second half.

0:55.2

Goldman's head of health care will join us to reveal the name.

0:59.3

Let's get straight to the market panel now.

1:00.9

Joining us are Warren Pies from 314 Research and Scott

1:04.4

Wren from Wells Fargo Investment Institute. Welcome to you both happy Friday

1:08.7

Scott. What was the marquee event of the week and did it change your perspective on where the market might go for the rest of the year?

1:18.3

Well, I'll tell you John it looks like you know inflation we had some good numbers there.

1:23.4

I think that was really the marquee news of the week.

1:26.5

And I think the market, you know, this is a momentum market

1:30.4

and it certainly likes less inflationary pressures.

...

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