Closing Bell
Closing Bell: Market Rotation Builds Momentum & Trump Officially Becomes Republican Nominee 7/15/24
Jul 15, 2024
Financial journalists Scott Wapner and Morgan Brennan, along with market experts Jon Fortt and Michael Santoli, analyze market trends, inflation impact, and Fed rate cut possibilities. They discuss stock performance, Apple's AI shares, and predict economic landscape changes. Insights on services profit mix, Apple's trading patterns, and yield projections are explored with highlights on retail performance and GM's EV shift.
42:47
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Quick takeaways
- GM faces challenges in meeting EV goals due to a slowing market; focus shifts to electric vehicle impact on design and technology.
- Anticipation for Bank of America and Morgan Stanley earnings amid evolving market conditions; emphasis on investment banking performance and potential market shifts.
Deep dives
General Motors Warns of Missing EV Capacity Targets
General Motors announced that it will not meet its goal of reaching one million EV capacity in North America by the end of 2025 due to a slowing market. Mary Barra emphasized that GM is moving toward an all-electric future and highlighted the transformative impact of electric vehicles on design and technology.
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