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Closing Bell

Closing Bell: The Road Ahead for Your Money 8/7/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 7 August 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

What’s next for stocks as markets make their way through a turbulent week? iCapital’s Anastasia Amoroso, Merrill and Bank of America Private Bank’s Chris Hyzy and Ryan Detrick of Carson Group break down what they’re expecting next for the market. Plus, JP Morgan CEO Jamie Dimon shedding some light on his future at the company. Top banking analyst Mike Mayo gives his first reaction – and tells us what it could mean for the stock in the long term. And, Robinhood and Warner Bros. Discovery both set to report after the bell. We discuss what is at stake for both of those stocks.

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.

0:03.8

This make a break hour begins with what else?

0:05.6

The markets feeling awfully fragile lately amid a return of volatility even more today.

0:10.9

And that's where both stocks and bonds.

0:12.3

The big question whether the

0:13.3

worst is behind us or not. We'll ask our experts over this final stretch as the

0:17.1

major averages try to continue their bounce back and they do have some work to do because

0:20.8

I'm showing you right now the scorecard with 60 minutes to go

0:23.7

and regulation looks a little bit different now doesn't it from where it was earlier

0:27.1

today what was green is now red again there are some standouts in the session

0:31.2

today though Shopify and VF Corp they're

0:34.2

surging on earnings today take a look at those big gains from both of those

0:37.3

stocks about Micron resuming its buyback as well making people talk about that chip

0:42.4

trade again it was higher as well.

0:44.0

So it's rolled over to down one and two thirds percent.

0:46.4

Disney, it's been lower today because of those theme park numbers.

0:50.0

They disappointed stock now, just about the lows of the session.

0:53.9

That's almost 3.5 percent decline.

0:56.3

And we're watching JP Morgan shares to CEO Jamie Diamond speaking exclusively to us today,

1:01.3

the Leslie Picker on CNBC.

1:03.0

We're going to have the highlights coming up in just a bit, that stock.

...

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