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Closing Bell

Closing Bell: The State of the Consumer 8/20/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 20 August 2024

⏱️ 43 minutes

🧾️ 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

All right, guys, thanks so much.

0:02.6

Welcome to Closing Bell.

0:03.7

I'm Scott Wopner live from Post Nine,

0:05.2

here at the New York Stock Exchange.

0:06.4

This make a break hour begins with streaking stocks.

0:08.6

We do have a little bit of work to do over this final stretch.

0:11.2

For nine updays in a row, we will see how things settle out of course.

0:15.7

Take a look at the scorecard with 60 minutes to go in regulation. The major averages have been lower since the start today.

0:21.1

Taking a bit of a breather ahead of the big Fed

0:23.3

pow wow out in Jackson Hole later this week. A more defensive bent

0:27.4

today with Staples and health care two of the better performing sectors.

0:31.0

Tech, well it is mixed today.

0:32.6

Apple and Microsoft and Alphabet, they've been higher throughout.

0:36.2

Invidia and Tesla, they've been giving a little bit back.

0:38.5

So it's a bit mixed there. The Vicks, well it's back above 15,

0:42.0

albeit slightly, yields.

0:44.0

They're mostly lower today across the Treasury curve.

0:46.6

We're watching all of that.

0:48.2

It takes us to our talk of the tape.

0:49.8

Just how far can this rally go?

0:52.3

As the summer heads to a close and a potentially tricky fall looms.

0:56.4

Let's ask our headliner today.

...

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