Closing Bell Overtime: 4-Day Win Streak 3/6/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 6 March 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

A mixed day on Wall Street as the Dow closes higher for a fourth straight day ahead of a big week for economic news and Fed speak. Payne Capital Management's Courtney Garcia explains why she thinks the market should keep moving higher despite concerns about inflation. The Justic Department taking aim at Jetblue's merger with Spirit Airlines. Evercore Founder Roger Altman discusses how the regulatory environment could impact M&A on Wall Street. Box CEO Aaron Levie discusses the opportunities his company has in the AI space. Baker Hughes CEO Lorenzo Simonelli discusses the outlook for oil and natural gas prices. And Compass CEO Robert Reffkin explains why he thinks the housing market is still strong despite mortgage rates hitting 7%.

Transcript

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0:00.0	Thanks Scott. It is a day of faded gains here to kick off what is going to be a very busy week for the markets.
0:08.8	That's the scorecard on Wall Street, but the action is just getting started.
0:12.4	Welcome to Closing Bell overtime
0:13.6	when Morgan Brennan with John Fort,
0:15.0	coming up on today's show,
0:16.8	Evercourt founder Roger Altman will join us
0:18.6	with his outlook for deals
0:20.6	as another merger reportedly comes under the microscope of the DOJ.
0:25.0	Plus we're going to talk to the CEO of Baker Hughes in a first on CMDC interview from
0:29.0	Serra Week in Houston as natural gas prices leak lower.
0:33.4	Let's get straight to our market panel, shall we?
0:35.4	Joining us now are Paul Hickey from Bespoke Investment
0:37.8	and Courtney Garcia from Payne Capital Management.
0:40.7	Good afternoon to you both.
0:41.8	Courtney, I'll start with you.
0:43.1	The fact that we did start higher for the major averages,
0:45.6	and then we closed basically near the flat line,
0:48.6	the S&P at 40, 48.
0:50.7	Your take on the action we've been seeing seeing especially as technicals have become a bigger
0:54.3	part of the discussion in recent days.
0:56.3	Yeah I don't think it's surprising we're going to get some choppiness here especially
1:00.3	this week markets are really going to want to be seeing what more Fed speak is
	...

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