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Transcripts For CNBC Closing Bell 20140820

To the fed minutes. Yes, the initial impression was that they were hawkish. Now perhaps the market reevaluating that to some extent. We will get more on where this market and the economy is heading from none other than mohammed el erian. He is here exclusively in just minutes and have some good insight on why the market has continued to rally in the face of so many troubling geopolitical developments. And another tale on the any might be new data that Shows Americans are starting to struggle with paying down their auto loans. This coming after taking out record high amounts in car loans. Some with iks isyear, sevenyear terms. Phil lebeau joins us with the details and why some say it is a canary in the coal mine for our economy. Now lets take a look at these markets. We did take a leg lower as those minutes from the fed hit about an hour ago but since the dow is made up that lost groun grobd and then some, up 60 points to 16980. The nasdaq is up just about a point to 4528. And the s p w

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