Closing Bell Overtime: 2-day rally, Creating Clarity & Real Problems with Real Estate? 3/17/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 17 March 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks rallying for a second straight day as the market tries to rebound from a 4-week sell off. Allianz Chief Economic Advisor Mohamed El-Erian on whether this rally is for real and how the Fed will have to deal with economic uncertainty. Invesco’s Kristina Hooper says small cap outperformance today could be a sign that investors are betting on a Fed interest rate cut. Former Council of Economic Advisers Chairman Jason Furman weighs in on whether investors will get more clarity on the market once President Trump’s reciprocal tariffs are put in place on April 2. And real estate developer Michael Shvo on whether falling homebuilder sentiment and DOGE’s federal workforce cuts could be a double whammy for the housing and office space markets.

Transcript

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0:00.0	Well, that's standard regulation. Diageo ringing the closing bell at the New York Stock Exchange, the Bragg House doing the honors at the NASAC on the Safe Paddy's Day.
0:08.2	That is the scorecard on Wall Street, but the action is just getting started. Welcome to Closing Bell overtime. I'm Morgan Brennan with John Fort.
0:14.7	Stock surging for a second straight day as they try to rebound from a four-week sell-off.
0:20.5	And the Dow outperforming the major averages led higher by Goldman Sachs and United Health,
0:25.2	but the Russell 2000, the real bright spot as small caps rally.
0:29.5	Coming up, Aalian's chief economic advisor, Mohamed L. Arian,
0:33.5	on whether this comeback has legs or more pain could be ahead for investors.
0:38.3	And later, real estate developer, Michael Schvo, on how doges cuts to the feral workforce
0:43.3	and falling home builder sentiment could impact the housing and office-based markets, basically
0:48.3	broader real estate. But let's bring in, in the meantime, Deutsche Bank, private bank,
0:52.3	CIO Deepak Puri and investco chief global market
0:55.5	strategist christina hooper it's great to have you both here on a green day for the major averages
1:00.4	christina i'm going to start with you because last week just a couple of days ago on thursday you
1:05.1	saw the s&p fall into correction territory we've seen a lot of technical damage done and maybe
1:10.0	some recovery there just off of that.
1:12.0	You see index rebalancings and some expirations of contracts, including VIX, this week.
1:16.1	How much is that afoot in the market here versus the fact that it's been relatively quiet out of Washington?
1:22.8	I think being relatively quiet out of Washington as well as the hope and potentially the promise of an FOMC meeting this week, which will not get a rate cut from, but we are going to get a dot plot.
1:36.5	And that could give us insight into expectations for rate cuts this year.
1:41.4	So I think that's one area of real positive surprise that markets could
1:45.6	hold on to and put their hopes and dreams in. And so I think that's part of the equation today
1:51.7	in terms of having a positive market. Deepak, do you see it the same way here, especially given the
	...

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