Closing Bell: Overtime: Bill Ackman From Delivering Alpha; Blackstone’s Global Co-Head of Real Estate On Major Themes 9/28/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 28 September 2023

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bill Ackman talks his major investment themes and strategies, sitting down with our Scott Wapner from Delivering Alpha. Plus, Morgan talks with Kathleen McCarthy, Blackstone’s Global Co-Head of Real Estate. Major averages closed higher but still on pace for a negative month. Cantor Fitzgerald’s Eric Johnston and JPMorgan’s David Kelly break down the market action. The Dow’s worst stock so far this year, Nike, reports earnings. EToro US CEO Lule Demmissie on how retail is positioned right now.

Transcript

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0:00.0	We're at your school card on Wall Street, lots of green.
0:06.6	Winter's stay late.
0:07.4	Welcome to the closing about overtime.
0:08.5	I'm John Fort with Morgan Brennan and we are following two breaking news events this hour.
0:14.0	Nike is getting ready to report earnings results in just a few moments.
0:18.0	It's a key read on a consumer and one of the worst performing downstocks this year.
0:23.0	We will bring you all the numbers and analyst reaction.
0:26.0	And also this hour, Bill Ackman, on the record.
0:29.0	Scott Woffner will interview the Hedge Fund Titan
0:32.0	that CNB. CMBC is delivering Alpha Conference.
0:34.0	We're going to bring you that interview right here
0:36.2	as it happens on overtime.
0:38.1	And now let's begin with the market
0:40.0	as we enter the home stretch of the third quarter.
0:42.4	Stocks gaining back some ground today. Still strong. as we enter the home stretch of the third quarter.
0:42.5	Stocks gaining back some ground today,
0:44.4	still sharply negative for the month,
0:47.0	though, as we await tomorrow's PCE inflation data.
0:51.0	Joining us now are Eric Johnson from Kenner Fitzgerald and David Kelly from
0:55.0	J.P. Morgan Asset Management.
0:58.0	Guys, good afternoon.
0:59.0	David, let's talk about what happened in the market.
	...

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