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Closing Bell

Closing Bell Overtime: Breeze Airways Founder David Neeleman On Record Summer Travel; Carlyle’s Jeff Currie On Energy 7/10/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 10 July 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

S&P 500 closes above 5600 for the first time ever as that index and the Nasdaq set fresh record closes and Apple notched its 7th straight record close. BD8 Capital’s Barbara Doran and Bespoke’s Paul Hickey break down the market action. Carlyle Group’s Jeff Currie on the setup for the energy trade heading into the second half. Breeze Airways founder and CEO David Neeleman on TSA record numbers, the busy summer travel season and new routes and destinations of his new airline.

Transcript

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0:00.0

That bell means the end of regulation, the InvestCO MSCI Global Climate 500 ETF

0:05.2

ringing your closing bell at the New York Stock Exchange today and

0:08.3

Sumerize Realty Trust ringing the bell at Nasdac and the S&P 500 and NASDAQ setting record closes again as

0:15.4

Apple and Tesla extend their wind streaks and the rally broadens out.

0:19.8

That is the scorecard on Wall Street but winter state late.

0:22.3

Welcome to closing about overtime.

0:23.5

I'm John Ford with Morgan Brennan.

0:25.5

Well, coming up on today's show.

0:27.8

Serial airline entrepreneur David Neelman joins us in an exclusive interview

0:32.2

with news on his latest venture low-cost

0:34.2

carrier Breeze Airways as TSA screenings hit new highs during this busy

0:39.6

summer travel season. Plus commodities expert Jeff Curry breaks down the action in oil and the one metal he's

0:46.5

watching closely right now, but hey, we've got to get to this market.

0:51.2

More new records for the S&P 500 and NASDAQ. Let's bring in our

0:54.4

market panel, Barbara Duran of Beadyette Capital Partners and Paul Hickey of

0:58.4

bespoke Investment Group. Guys good afternoon. So Barb it seems like maybe what happened here in the market is Powell gave us a signal that if

1:09.3

CPI and PPI inflation reads come in cool this week and if the rest of the

1:14.4

data next month behaves we can expect a September cut. Is that how you take it?

1:18.6

Yeah, that's exactly how I take it, John. I think the Fed has gone out of its way starting last week to

1:24.0

start signaling that a September cut is very likely given the recent spate of

1:28.2

economic news we've all seen and that's whether it's it's jobless claims

1:32.0

continuing claims the

...

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