Closing Bell: Slowdown or Melt Up? 9/20/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 20 September 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0	Welcome to Closing Bell.
0:01.0	I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.
0:04.2	This make-a-break hour begins with this game-changing week.
0:07.4	And whether it means this record-setting rally is more sustainable than some thought,
0:11.3	we will ask our experts over this final stretch. Take a
0:13.9	look at the scorecard here with 60 minutes to go in the week in
0:17.0	regulation. Well we're still hanging on to 42,000 on the Dow. Been a little bit
0:21.5	all over the place. We'll see what we do here if we can
0:24.1	actually close positive to end this very busy and consequential week. We are
0:28.8	watching Apple shares today the new iPhone going on sale. That stock's been up throughout the day
0:34.4	$231. We continue to follow Nike following its CEO change.
0:38.5	Shares have been up sharply in today's session. They remain there at this moment
0:42.4	up near 6%. It does take us to our talk of the
0:44.7	tape, slow down or melt up. That is the question following the Fed's first rate cut in
0:50.1	years. Let's ask Dan Greenhouse.
0:52.6	Solis Alternative Asset Management's chief strategist with me here at Post 9.
0:58.0	What was this?
0:59.0	Good to see you.
1:00.0	Good to see you.
1:01.0	Welcome back.
1:02.0	Gamechanger? The fact that it was 50?
1:03.0	I don't think it was a game changer per se.
	...

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