Closing Bell Overtime: Apple Unveils $3,500 AR Headset; SEC Sues Binance, CZ 6/5/23
Major averages closed lower after last week\u2019s gains. Wells Fargo\u2019s Chris Harvey breaks down the market action. Investors were keyed in on Apple today as the company unveiled its AR headset: Apple Vision Pro. The stock ended the day lower. Bank of America\u2019s Wamsi Mohan on what the $3,500 product means for the stock while Epyllion CEO Matthew Ball talks the implications for the metaverse. The SEC announced it is suing Binance and CEO CZ; Global Digital Asset & Cryptocurrency Association CEO Gabriella Kusz and former SEC Senior Trial Counsel Howard Fischer discuss what it means for the ecosystem and if investors should worry about another FTX situation. Plus, Wedbush\u2019s Michael Pachter on the video game angle of Apple\u2019s announcements.