Bank of America(BAC)
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Bank of America CEO on the consumer: Starting to see more convergence in spending patterns
CNBC Television· 2026-08-05 12:31
We are live this morning at the Aspen Economic Group Strategy uh group meeting uh in Aspen, Colorado. And joining us right now is Bank of America CEO Brian Moahan. We've been talking uh for the past day here with so many different leaders about uh what's happening in the economy.Uh I mentioned earlier uh to Derk Hazrai that Scott Besson was on our broadcast has been talking about the economy no longer as a K-shaped economy but a C-shaped economy. You actually have the data. um he has some data too, but I'm ...
Market Close: Stocks Rally, Oil Falls, SpaceX Results Mixed • 8/4/26
CNBC Television· 2026-08-04 20:57
I'm Jessica Edinger, CNBC. Wall Street will open Wednesday morning after a record setting rally on Tuesday on strong earnings reports and hope that the straight of hormuz will be open to oil tankers shortly. The Dow fresh record high 54,085.It was up 97 points on Tuesday, 1.7%. Cisco shares led the Dow higher. They were up 5%.The S&P 500 index adding 136 points, 1.7%. The Nasdaq soared up 671 points. That was 2 and a.5%.Most of the chip makers were higher. Intel shares were up almost 11%. The Dow and the S& ...