Closing Bell: Stocks stage late-day rally, Ken Moelis on recession risk 05/25/22

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 25 May 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks finished the day broadly higher, with momentum picking up late in the session following the release of the Fed minutes before cooling a bit ahead of the close. Richard Bernstein from Richard Bernstein Advisors breaks down the inflation outlook and where he recommends putting money to work. Investment banker Ken Moelis discusses whether or not he thinks the US is heading for a recession, and what it means for the deal-making environment. And analyst Mark Mahaney breaks down the big highlights from Twitter and Meta’s investor days. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Stocks are solidly higher on Wall Street with the NASDAQ taking the lead for a change
0:07.1	at session highs as we head toward the close.
0:09.6	The most important hour of trading starts right now.
0:12.4	Welcome to Closing Bell, I'm Mike Santoli.
0:13.9	Sarah Eis and is on assignment in Davos.
0:16.7	Take a closer look at the markets here.
0:18.2	The S&P 500 now up 1% building on modest gains earlier
0:22.2	in the last hour or so after the fed minutes from its
0:25.1	last meeting a few weeks ago did hit nothing new in there incrementally hawkish seems like
0:30.6	more or less as expected get out of the way and you had stocks able to get a
0:34.2	lift off of that. You see the New York Stock Exchange most active's a pretty
0:38.6	strong bounce in Snap after it's devastating loss yesterday. Dick's Sporting Goods
0:42.1	after guiding down with a good conference call up almost 10%
0:45.6	Neo, Carnival Corp, and AMC Entertainment,
0:48.9	some story stocks in there and the most actives.
0:51.0	Coming up on today's show. We'll hear from Wall Street
0:53.4	dealmaker and investment banker Ken Loles from Davos with his thoughts on
0:57.4	whether a recession is coming the current environment for M&A and the ways that
1:01.2	tech companies are being revalued.
1:03.8	We begin with the Fed, just releasing those minutes from its main meeting last hour.
1:08.6	Steve Leisman joins us from Washington with the big takeaways.
1:11.6	Hi Steve. Hey Michael yeah Fed
	...

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