Closing Bell Overtime: Joby’s New App For Its eVTOL; Oshkosh CEO On New USPS Trucks 6/20/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 20 June 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

S&P 500 and Nasdaq hit fresh highs before retreating into the close – Branch Global Capital’s Greg Branch and John Hancock Investment Management’s Emily Roland break down how to play the market at these levels while Moor Insights & Strategy Founder Patrick Moorhead talks the Nvidia trade. Nuveen Real Estate Global CIO on her second-half real estate playbook and where opportunities are. Our Phil Lebeau on Joby’s plans to launch an Uber-style app for its coming eVTOL. Oshkosh Corporation CEO John Pfeifer on the rollout of its new e-USPS trucks and how its electrifying commercial vehicles.

Transcript

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0:00.0	A mixed picture for the major averages, the Dow having its best day of the month, but the
0:04.0	Nasdaq snapping a seven-day winning streak.
0:06.4	The S&P also finishing a slightly lower.
0:08.9	That is the scorecard on Wall Street, but the actions just getting started.
0:11.6	Welcome to Closing Bell overtime.
0:13.0	I'm Morgan Brennan with John Fort.
0:14.6	Yeah, and Energy is the big outperforming S&P sector today, thanks to W.T.
0:19.0	I crude, hitting its highest level in nearly two months.
0:22.4	Tech, the real drag on the market.
0:25.1	Semiconductor is a big part of that story.
0:27.1	The SMH down almost 3% reversal of fortune, or in video a big part of that as it drags down as I said other chip and
0:35.0	AI plays and coming up we're going to discuss whether this red hot stock still
0:39.2	has more room to run higher.
0:41.0	Plus real estate is the only S&P sector that is in the red this year.
0:45.9	Coming up, New Vian Real Estate's Global Chief Investment Officer on whether these stocks are
0:50.5	too cheap to pass up right now and how she's thinking about real estate more broadly.
0:54.8	Let's bring in our market panel though.
0:56.2	Joining us now is Greg Branch, founder of Branch Capital, Branch Global Capital Advisors,
1:00.8	and Emily Rowlandland co-chief investment
1:02.6	strategist at John Hancock Investment Management.
1:05.4	Emily, I'll go first to you.
1:07.8	We've seen some profit taking a little bit of consolidation
	...

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