Closing Bell Overtime: WWE CEO Nick Khan on Potential Sale and Betting Possibilities; An Early Read on Inflation 3/30/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 30 March 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Back-to-back positive session for the major averages has the S&P 500 back above 4000. Ariel investments’ Charles Bobrinskoy and Evercore’s Julian Emanuel on how to position right now. WWE CEO Nick Khan says there has been a “robust response” from potential bidders for the company after Vince McMahon’s return and he remains optimistic about legalizing betting on the sport. General Catalyst CEO Hemant Taneja penned an op-ed this week arguing for specific new rules and regulations around AI. He breaks down his case. Morgan Stanley’s Keith Weiss has some top picks in the software sector and our Meg Tirrell wraps up her series on the prescription drug crisis with a look the huge shortages of both antibiotics and generic drugs. Plus, Morgan Brennan with a look at tomorrow’s inflation data, today.

Transcript

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0:00.0	That's right,
0:02.0	gain again today.
0:04.0	That is a scorecard on Wall Street,
0:05.0	but the action is just getting started.
0:07.0	Welcome to Closing Bell, I'm Morgan Brennan.
0:09.0	John Fort is off today.
0:11.0	Coming up this hour, a Battle Royale for a possible deal we are going to talk
0:15.0	to the CEO of W. W. W. E. About all those reports of multiple parties throwing
0:20.8	their hat in the ring for a potential acquisition.
0:23.0	Plus we'll get breaking news on the feds latest balance sheet numbers, a closely watched release in the wake of the Silicon Valley bank failure.
0:30.0	We're going to bring you that as soon as it crosses, but let's get
0:33.2	straight to the market and another day in the green for the major averages.
0:36.9	Joining us now are Charlie Brinsquoy from Ariel Investments and Julian
0:40.3	Emmanuel from Evercore, ISI. Good afternoon to you both gentlemen.
0:44.1	Julian, you're here with me on set.
0:45.7	I want to start with you.
0:46.5	The fact that we saw all the major averages
0:48.9	end a second day in the green except the small caps. overall pretty broad-based rally here your
0:55.9	take on the market action as it currently stands. We have to be perfectly up front
1:00.3	here the market has taken a lot of bad news a ton of bad news and it's not
1:05.4	at all clear that as much as people want to think that the the financial turmoil
1:10.0	is over that it's over but the fact is is that I think coming into this crisis several
	...

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