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Closing Bell

Closing Bell Overtime: Washington takes center stage for investors; bearish Nike case 1/8/26

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 8 January 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Richard Bernstein of Richard Bernstein Advisors and Alan McKnight of Regions Wealth Management debates whether speculation has gone too far and why dividends, quality, and U.S.-focused positioning may be back in favor. The conversation then turns to Washington as policy developments and presidential missives whipsaw investors with Brian Gardner of Stifel. Technology investing in 2026 with Dom Rizzo of T. Rowe Price. Bear case on Nike with Needham analyst Tom Nikic.

Transcript

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0:00.0

Well, that bell marks the end of regulation. Babcock and Wilcox bringing the closing bell

0:08.5

to New York Stock Exchange. First United doing the honors at the NASDAQ, it's a mixed day for the

0:12.8

markets. The Dow up 250 points, the S&P 500 flat, NASDAQ down about half a percent.

0:19.4

The Russell, though, gaining more than a percent,

0:22.2

and I believe at an all-time closing high. What worked, energy, the best performing sector,

0:26.4

as oil rises, the consumer also strong, both staples and discretionary. Only two sectors

0:31.9

lower, but one of them was tech, which has a big weighting in the S&P. The hot memory names

0:37.2

sinking. So are some software

0:38.9

stocks that rose yesterday. Well, that's the scorecard on Wall Street. Welcome to closing

0:42.4

bell overtime. I'm Morgan Brennan, along with John Fort. A day after President Trump sank

0:47.1

the defense stocks with threats today, contractors rallying to record highs on hopes of a massive

0:52.4

budget increase. It's not the only sector moving on

0:55.2

every word coming out of Washington either. We will have more on defense, but also more on tariffs,

0:59.9

housing, health care, oil. Plus, Nike under Armour Lulu Lemon all getting crushed over the past

1:06.0

five years. 40% declines or worse, but we still see people wearing aleisure at the gym on the streets, on planes, especially on planes.

1:14.8

So why are the biggest players struggling?

1:17.7

Well, let's get right to the markets.

1:19.0

As big tech lags behind today, excuse me, Christina Partsenevelas is here in studio.

1:24.6

She's got more.

1:25.2

Hey, Christina.

1:25.9

Hi, Morgan.

1:26.5

So yes, Tumble, as traders really

...

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