Closing Bell
Closing Bell: BlackRock's Rick Rieder on Inflation 7/16/24
Jul 16, 2024
Financial experts Scott Wapner, Jon Fortt, Morgan Brennan, and Michael Santoli discuss market rotation towards small cap banks, rate cuts impact, economic growth optimism, and insights on Amazon's growth, retail sales, consumer spending habits, Nike's potential rebound, sporting events, and retail opportunities.
43:24
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Quick takeaways
- Chevron focuses on low carbon intensity in oil production to meet energy demand responsibly.
- Market shift towards small cap banks and transports challenges mega cap leaders, signaling potential sector rotation.
Deep dives
Chevron Increasing U.S. Oil and Gas Production with Low Carbon Intensity Operations in the Gulf of Mexico
Chevron is innovating to meet rising energy demand by increasing U.S. oil and gas production. Their Gulf of Mexico facilities operate with low carbon intensity, aligning with their commitment to responsible operations. This move aims to provide affordable, reliable, and cleaner energy solutions, reflecting Chevron's efforts to adapt to future energy needs.
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