Stock Meltdown Puts S&P 500 on Brink of Correction | Bloomberg: The Close 8/05/2024

Published 2024-08-05
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 Barry Bannister, Stifel, Liz McCormick & Michael McKee, Bloomberg News, Erin Lash, Morningstar, Scott Chronert, Citi, Abigail Doolittle, Bloomberg News, Jason Pride, Glenmede, Mohamed El

Chapters:
00:02:27 - Barry Bannister, Stifel
00:10:44 - Liz McCormick & Michael McKee, Bloomberg News
00:16:32 - Top Calls
00:17:55 - Erin Lash, Morningstar
00:23:51 - Scott Chronert, Citi
00:32:49 - Abigail Doolittle, Bloomberg News
00:37:45 - Jason Pride, Glenmede
00:44:04 - Closing Bell
00:57:33 - Mohamed El-Erian, Bloomberg Opinion
01:11:02 - Dan Ives, Wedbush
01:18:51 - Gina Martin Adams, Bloomberg Intelligence
01:23:27 - Kailey Leinz, Balance of Power
01:28:09 - What To Watch
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All Comments (19)
  • Asked some good questions; direct and to the point. Well done.
  • Something has broken the traditional equity and debt relationship. Private equity markets maybe the culprit.
  • I’m holding onto whatever little bit I have because it’s either going to bounce back eventually or civilization will completely collapse. 😂💯
  • Keynesianism. Fabricate inflation: transfer people's money to the banks and then after make people return the money through fiscal and tax laws. How distracted can people be and for how long?
  • @tacolover5000
    Its time for adult lunchables. As a hungry man, I need 60g plant and meat protein in my meals to feel full.
  • @MrKenng123
    Dow will end up 25000 points. Hope that the market drop will continue today. Thanks.
  • @rg8282
    High frequency traders will help us recover all the losses by Friday
  • Too complicated to grasp, the intricacies of quantum mechanics continue to challenge even the most brilliant scientific minds. much thanks to you for the information it truly gave me a decent spot to star
  • @KatimaMulilo
    Yen carry trade? But my Seppuku order never executed.
  • @cimonkien9833
    People are so addict to gambling in stocks. One way, talking can boost the stock going higher.
  • @buttlebe
    Bloomberg guests are always very negative. Cnbc ones tend to be more positive- and they have proved to be more accurate thus far. Let's see how it plays out but bloomberg needs a more balanced view. I love bloomberg broadcasters but sometimes they get guests with extreme political views especially republicans; there was onelast week on Jonathan's show. That is simply terrible and unacceptable because this isn't Fox News.
  • Praise to God Almighty!!!! I'm favoured $150k every 4weeks! I can now give back to the locals in my community and also support God's work and the church. God bless America 🇺🇲💗💓💗💞 Thanks to Maksim konstan
  • Typical bear sounds so sure of himself. LOL. The 10pct drop wasn't enough. Everyone single of one of these drops gets bought back up. GL getting squeezed.
  • @PendingBailey
    Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stock portfolio, what’s the best way to take advantage of this bear market?