AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Closing Bell
Closing Bell 7/19/24
Jul 19, 2024
Financial news anchor Scott Wapner, technology journalist Jon Fortt, business reporter Morgan Brennan, and financial analyst Michael Santoli discuss market performance indicators, cybersecurity incidents, market volatility, American Express earnings, marketing strategies, small cap stock rally, insurance sector impact, market rotation, potential pullback, and undervalued sectors in an engaging and informative podcast.
43:11
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Insurance stocks face decline from contagion concerns following Selective Insurance Group's losses.
- Western Alliance shows positive results by raising guidance and beating net interest income expectations.
Deep dives
Insurance Industry Response to Recent Catastrophes
Insurance stocks like Travelers, WR Berkeley, and others faced declines due to contagion concerns following Selective Insurance Group's losses from prior year casualty reserve development. The recent cyber attack fallout on CrowdStrike may also impact insurers like AIG, resulting in a 4-5% decline in the stock.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode