Closing Bell Overtime: Polar CEO On Big Ticket Spending and Why The Consumer Is Holding Up So Well; Former Uber Exec Emil Michael On Uber’s Huge Stock Run 7/31/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 31 July 2023
⏱️ 44 minutes
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| 0:00.0 | Well, goodbye July, but we're going to get you ready for August. Welcome to |
| 0:04.4 | Closenbell overtime. I'm John Ford with Morgan Brennan. Ahead this hour, |
| 0:08.0 | earnings are going to be coming fast and furious this week. Today we'll get |
| 0:11.5 | reports from Western Digital, Young China, Avis, and many more. |
| 0:15.5 | Plus, we'll talk to the CEO of Recreational Vehicle Maker Polaris about consumer demand for high ticket |
| 0:20.6 | purchases after that company posted strong results. |
| 0:23.3 | Polaris is up more than 30% on the year. |
| 0:26.2 | But first, let's get straight to the market. |
| 0:28.3 | So major averages, wrapping up a very strong July |
| 0:31.8 | in which the down-notch a 13 day winning streak that was its longest since |
| 0:36.1 | 1987 the NASDAQ climbed nearly 4% for the month the S&P finished nearly 3% higher. Can the momentum continue? Let's bring in |
| 0:46.3 | Ken Accord Chief Market Strategist Tony Dwyer. Tony welcome. So my understanding strategists look at sentiment |
| 0:55.5 | technicals |
| 0:56.6 | fundamentals |
| 0:58.4 | for q three in particular |
| 1:00.7 | the rest of q three what is each telling you about whether investors should be mostly |
| 1:06.0 | still buying underperforming equities or selling to free up dry powder? |
| 1:11.1 | Boy, isn't that the theme lately, John? |
| 1:14.1 | So as you guys know, in June, we started talking about the hustle, |
| 1:17.2 | the rustle, we talked about it, I think, a couple of weeks ago. |
| 1:20.2 | That has brought the rustle 2000 back up |
| 1:22.4 | to the upper end of its range and that was |
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