Closing Bell Overtime: Breaking Down Powell’s Testimony; Vistra CEO On Stock’s Wild Run YTD 7/9/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 9 July 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investors closely watching Fed Chair Jay Powell’s first day of testimony on Capital Hill. Rockefeller International’s Ruchir Sharma breaks down the major takeaways for investors while Goldman’s Lindsay Rosner talks the impact in the fixed-income market. Vistra is the third-best performing stock in the S&P 500 so far this year; CEO Jim Burke talks the AI demand story and what else is driving the company’s growth. Plus, our Phil LeBeau on the wild swings in used car prices and Julia Boorstin is in in Sun Valley tracking moves in the media sector.

Transcript

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0:00.0	Well another record close for the NASDAQ led in part by Tesla in
0:04.1	NVIDIA plenty of action under the surface. We have Tesla extending its wind
0:08.2	streak to 10 days. You got the banks getting a boost ahead of earnings. That's
0:12.0	a scorecard on Wall Street.
0:13.0	The action though is just getting started.
0:14.9	Welcome to Closing Bell overtime.
0:16.3	I'm Morgan Brennan with John Port.
0:18.0	And coming up to this hour, Rockefeller International is Ronsieur Sharma is going
0:21.0	to join us with this take on the market highs and the parts of the world he's investing
0:24.8	in now.
0:25.8	Plus, we will talk to the CEO of one of the surprise top performers in the S&P 500 this year Vista Corp.
0:34.4	Vista Corp, the energy company that has jumped more than 140%
0:38.7	as an under the radar AI play.
0:41.6	We will talk about the stock's big run and if AI will continue to be a
0:44.9	strong tailwind for the power industry but let's begin with our market
0:48.4	panel. The Nasak setting a record at the S&P 500 we're still waiting for that to settle out, but it looks like we may have
0:54.8	gotten a record there as well, albeit just barely.
0:59.0	Vital knowledge founder, Adam Chrisifoolian, Ariel Investments Vice Chairman Ariel Investments, Vice Chairman, Charlie Brinskew
1:03.6	join us now. It's great to have you both here.
1:06.0	Adam, I'm going to start with you because we saw Big Tech lead to another record close for
1:12.2	the Nasdak here here today but we had
1:14.1	pow on the hill and of course we're sitting on our hands ahead of key
	...

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