Closing Bell Overtime: UMW CEO and Phoenix Suns & Mercury Owner Mat Ishbia Talks Housing, The Fed And The NBA’s Next Media Deal 1/22/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 22 January 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

UMW CEO and Phoenix Suns & Mercury owner Mat Ishbia on the housing market, whether demand is picking up and media rights. Archer Aviation CEO Adam Goldstein on his company’s deal with NASA. Plus, it was the second-straight record close for the Dow and S&P 500. Wells Fargo’s Scott Wren and Gentrust’s Mimi Duff break down how to position at these levels. Oakmark portfolio manager Tony Coniaris talks some of his favorite stocks right now. Third Bridge’s Peter McNally reacts to earnings from United Airlines.

Transcript

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0:00.0	It looks like the Dow did it closing above 38,000 just barely for the first time new all time
0:06.9	high there as well as on the S&P that's the scorecard on another record day on Wall Street
0:11.8	but winter stay late welcome to closing bell overtime I'm John Fort with on charted territory second straight trading session we've seen this tech once again
0:24.2	an outperformer it's helping the NASDAQ 100 close at a fresh all-time high
0:28.7	as well and now investors are turning their attention to United Airlines earnings just
0:33.8	moments away. It's been a rocky ride for the stock of the last six months.
0:37.4	Turbulence.
0:38.4	Find out, yes, quite a bit for all kinds of reasons. Finding out those numbers
0:41.8	that are coming up can help turn things around.
0:44.0	Plus we will discuss how the recent increase in Treasury yields is impacting the port
0:47.8	mortgage market when we are joined by United Wholesale Mortgage CEO Matt Ispia.
0:53.5	But first, let's get more on this record close.
0:56.3	Mike Santoli joins us now from the New York Stock Exchange.
0:59.1	Mike, and we can talk about the top line numbers
1:02.1	and the fact that we just tracked you know new
1:03.6	records and everything except the NASDAQ composite which actually is
1:07.4	trading at a fresh 52 week high but the fact that you saw the Russell 2000 up 1.9% today or the Dow transports up 2.2% it does seem like
1:17.2	you're seeing that rotation out of just big cap tech at least today as this
1:21.9	rally continues. Yeah Morgan key quite is key at least for today.
1:23.0	for today.
1:24.0	Yeah, Morgan, key comment at least for today.
1:26.0	You know, this is definitely kind of the pendulum swings back and forth sometimes on a daily basis,
	...

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