Closing Bell Overtime: Luxury Stock Earnings, Avian Flu & Fed's Progress on Inflation 1/16/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 16 January 2025
⏱️ 42 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | That's the standard regulation. Floco ringing the closing belt, the New York Stock Exchange, |
| 0:04.1 | superior group of companies doing the honors at the NASDAQ. A seesaw session following Wednesday's |
| 0:09.9 | big rally is blue chips, Apple and United Health tumble. But defensive sectors like utilities and |
| 0:14.6 | real estate climb, it looks like all the major averages finishing slightly lower. That's the |
| 0:19.1 | scorecard on Wall Street, but the action is just getting started. |
| 0:21.6 | Welcome to closing bell overtime. I'm Morgan Brennan with John Ford. And we've got a big show coming |
| 0:26.3 | your way. Newberger-Berman President Joe Amato will break down his latest thinking on the market. |
| 0:31.9 | And whether Treasury Secretary nominee Scott Besson's hearing today gave clarity to investors about the Trump economy. |
| 0:38.9 | Plus, we'll get a read on the state of transports when J.B. Hunt reports results in just a few |
| 0:44.4 | moments. And you've probably noticed sky high egg prices at the grocery store lately. Costs are up |
| 0:50.8 | more than 30% since last year. We're going to talk to the CEO of Egg Producer Vital Farms, |
| 0:56.3 | who stock nearly tripled last year about how bird flu has impacted business. |
| 1:01.1 | But we start with Apple. |
| 1:02.9 | Among the worst performers in the Dow, the S&P 500 and the NASDAQ 100 today, |
| 1:07.3 | turning in its worst day in months on the back of a pair of headlines. |
| 1:10.7 | First, a report |
| 1:11.6 | from research firm Canalist says Apple's reign at the top of China's smartphone market has |
| 1:18.3 | ended with Huawei and Vivo overtaking Apple in 2024. The firm says iPhone sales dropped 25% |
| 1:25.6 | in the fourth quarter, capping off four quarters of contraction. |
| 1:29.3 | And that news comes as Raymond James puts out a note saying Apple showing signs of technical |
| 1:34.7 | weakness, quote, consistent with a new short-term corrective phase taking hold, citing weakening |
| 1:40.8 | price momentum, relative strength, stalling, and selling pressure as institutional |
... |
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