Closing Bell Overtime Fundstrat’s Tom Lee On Tech’s Strong Week; Former United CEO On Boeing Strike

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 13 September 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fundstrat’s Tom Lee joins to discuss the recent move higher in the markets after the S&P 500, Nasdaq post their best weeks of the year. Interactive Brokers Chairman Thomas Peterffy on his company’s proposal to offer betting on US elections. Boeing stock one of the few laggards today after one of its unions voted to strike; former United CEO Oscar Munoz breaks down the steps ahead.

Transcript

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0:00.0	That bell marks the end of regulation, the F-suite ringing the closing valve
0:06.2	at the New York Stock Exchange.
0:07.4	Apple is doing the honors at the NASDAQ and stocks rallying again today ahead of next week's Fed decision. The NASDAQ and
0:14.3	S&P 500 notching five positive sessions in a row, the Russell 2000 jumping another 2%.
0:20.9	That's the scorecard on Wall Street,
0:22.6	Winter's stay late.
0:23.4	Welcome to Closing Bell overtime.
0:24.7	I'm John Ford.
0:25.6	Morgan Brennan is off today.
0:27.2	We got a big show coming your way.
0:29.2	In just a moment, Funstrats Tom Lee joins us
0:31.8	with his prediction for how the market will react to next week's
0:34.7	Fed decision.
0:35.7	Plus, Interactive Brokers is looking to get into the election betting business by launching
0:40.4	ways to wager on the outcome of the presidential race.
0:44.2	Maybe some Senate races too.
0:45.9	Founder Thomas Petterfei will be with us to discuss.
0:48.5	And Boeing sitting out the rally in a major way
0:51.2	after its factory workers went on strike for the first time since
0:54.9	2008. From a United Airlines CEO Oscar Munoz will break down the impact on the
0:59.8	business and the fallout for shareholders. But first let's break down today's action with our first guest,
1:05.7	Funstrat Global Advisors, co-founder and CMBC contributor, Tom Lee.
	...

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