Closing Bell Overtime: Hunterbrook’s Sam Koppelman On Shorting UWM; Blackstone Global Co-Head of Real Estate On Top Opportunities 4/3/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 3 April 2024
⏱️ 43 minutes
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| 0:00.0 | Well, late afternoon slum, sending the Dow lower for the third straight day. |
| 0:10.0 | Just barely though, we did get slight games for the S&P and |
| 0:13.6 | Nasdaq. That's the scorecard on Wall Street but the action is just |
| 0:16.2 | getting started. Welcome to Closing Bell overtime. I'm Morgan Brennan with |
| 0:19.5 | John Fort. Yeah, and the Dow now on pays for its worst week since October. |
| 0:23.6 | Energy, the best performing sector as W.T.I. Crude keeps rallying Consumer Stapels, the big loser. |
| 0:29.7 | Now investors turn their attention to another read on the state of the consumer. |
| 0:33.2 | We're going to have instant analysis of Levi Strauss's results as soon as they're |
| 0:36.9 | released. Also ahead. Real Estate's been the worst performing S&P sector this year, |
| 0:41.2 | but Blackstone's global co-head of real estate tells us where she sees buying opportunities |
| 0:46.0 | across the broader space. |
| 0:48.0 | That's coming up. |
| 0:49.0 | Yeah, let's get to today's action now with our market panel, |
| 0:51.0 | Barbara Durand of B. D.8 Capital Partners and David Kelly of |
| 0:53.6 | J.P. Morgan Asset Management. Welcome both of you. David, we've got one more trading day |
| 1:01.2 | before the jobs report. You're still expecting three cuts this year, not |
| 1:05.0 | everybody at the Fed is. So how important is that report? What are you looking |
| 1:11.6 | for sort of in the hours ahead of it as we see the major |
| 1:15.6 | indices sort of treading water here? Well I think it is important that we get |
| 1:19.4 | three rate cuts the futures market is nervously still pricing in three rate cuts this year and |
| 1:25.4 | pricing in a first cut in June. But it's close. I mean you can hear voices on the |
| 1:29.1 | Fed saying, why do we need to do it now? Why do we wait? And my response to that is, look, the economy is in pretty |
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