Closing Bell: The Great Wait 4/9/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 9 April 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

What’s on the line at 8:30 am tomorrow morning with the release of the critical CPI report? Sofi’s Liz Young, Corient’s Amy Kong and Bank of America’s Jill Carey Hall break down their predictions. Plus, Alex Kantrowitz from Big Technology weighs in on the big developments in the AI arms race. And, the Dean of Valuation Aswath Damodaran looks ahead to tomorrow’s critical CPI print.

Transcript

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0:00.0	Yeah, welcome to Closing Bell. I'm Scott Walkner live from Post 9 here at the New York Stock Exchange.
0:05.0	This make-a-break hour begins with a nervous market.
0:08.0	Investors on edge ahead of tomorrow's CPI, that six-month rally potentially hanging in the balance now. So we ask our experts over this final stretch what is really at stake in the morning
0:17.3	In the meantime your scorecard was 60 minutes to go and regulation looks like this the great weight clearly evident in the price action today major
0:24.4	average is really failing to get much going dows down a half percent a shy of
0:28.2	that not much for the S&P nor the NASDAQ today interest rate well they're
0:32.2	lower across the curve today. It
0:34.4	doesn't mean there aren't several stock stories of note. There are. Boeing is
0:38.3	one dropping midday on reports. The FAA is now investigating a whistleblower claim around the 787
0:45.0	Dreamliner. Tech In Focus 2, Alphabet holding a big cloud event today and Amazon
0:49.4	going for a new record closing high. We're going to have analysis on both stories coming
0:53.4	up shortly. It does take us to our talk of the tape all that is on the line at 8.30 a.m.
0:58.3	tomorrow morning the release of the Consumer Price Index. Let's ask Liz Young.
1:03.0	So-Fi's head of investment strategy.
1:04.5	She is with me at Post Nine.
1:06.1	Good to see again.
1:06.8	Yep.
1:07.5	All right.
1:08.7	There's all the marbles here for this rally tomorrow morning?
1:11.4	Big day.
1:12.2	Well, I mean, the rally has already sort of conked out. this rally
1:13.2	is already sort of conked out trying to figure out whether or not it should keep going
	...

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