Stocks Up as Sept Fed Cut Seen as 'Done Deal' | Bloomberg: The Close 8/21/2024

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Darrell Cronk, Wells Fargo Investment, Bailey Lipschultz, Bloomberg News, Eric Adams, Mayor of New York, David Whiston, Morningstar, Yelena Shulyatyeva, BNP Paribas, Mark Gurman, Bloomberg News, Jay Woods, Freedom Capital Markets, Mandeep Singh, Bloomberg Intelligence, Lindsey Bell, 248 Ventures, Kate McShane, Goldman Sachs, Heidi Shierholz, Economic Policy Institute.

Chapters:
00:00:00 - The Close Begins
00:03:54 - Darrell Cronk, Wells Fargo Investment
00:11:28 - Bailey Lipschultz, Bloomberg News
00:14:17 - Eric Adams, Mayor of New York
00:21:05 - David Whiston, Morningstar
00:26:09 - Yelena Shulyatyeva, BNP Paribas
00:32:59 - Stock of the Hour
00:37:58 - Mark Gurman, Bloomberg News
00:40:05 - Jay Woods, Freedom Capital Markets
00:45:48 - Closing Bell
00:58:26 - Mandeep Singh, Bloomberg Intelligence
01:01:19 - Lindsey Bell, 248 Ventures
01:11:17 - On This Day
01:18:29 - Kate McShane, Goldman Sachs
01:26:25 - Heidi Shierholz, Economic Policy Institute
01:32:20 - What To Watch
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[noremacmada]

Dissonance:
7:00 - Opinion on consumer strength
30:05 - Analysis of consumer health
1:23:02 - Describing changing consumer profile at large retailers

Intrigue:
31:45 - Bulge bracket behavior

Storytelling:
40:03 - Great recounting (to 44:13), in my opinion, though, I would have enjoyed hearing some discussion of the outlook for EM equities (given that small caps were very lightly touched upon).
1:17:17 - Earnings Scorecard, great segment, in my opinion

Chart:
48:28 - Does this look like an actively or passively managed market?

[CBEACHMEDIA]

I'm calling it now. Powell is going to raise rates. He has been embarrassed by this Administration, forced to claim inflation was transitory, now these huge revisions making him look late and silly. They think they can force the Fed to

[rjmcfly]

Greatstuff, nice episode, on point and informative.
Keep up the good work 🏁

[MrKenng]

Let's hope that economic indicators such as PMI CPI and consumer confidence released in coming weeks will all be worse than expected. Let's hoep that Dow Jones Index will plunge.

[imprivsoaugustinei]

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[kenneth]

From Darrell Cronk's point, the economic data is legging the cooperate earning data. However, the last earning data is the Q2 data, which was lagging some economic data in July . Both of data are lagging data, how do you know which one can reflect immediate economic situation?

[imprivsoaugustinei]

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[imprivsoaugustinei]

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[imprivsoaugustinei]

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