Closing Bell Overtime: Year's First Healthcare IPO; Previewing Mag 7 With Dan Niles 1/24/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 24 January 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bob Elliott of Unlimited and Steve Sosnick of Interactive Brokers discussing key market moves. Tech takes center stage as Dan Niles previews next week’s major earnings. Aspen Strategy Group Executive Director Anja Manuel joins to explore Trump’s impact on China and trade. Speaks with Dr. Dajun Yang, CEO of Ascentage Pharma, about the first healthcare IPO of 2025. Hugh Son wraps up with insights on American Express and the strength of affluent consumers.

Transcript

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0:00.0	Well, that bell marks the end of regulation for the week. New York CARE bringing the closing bell at the New York Stock Exchange.
0:06.0	TSS doing the honors at the NASDAQ and stocks taking a pause from their climb to record highs, but still going out with solid gains for the week.
0:14.0	That's the scorecard on Wall Street, but it wouldn't stay late.
0:17.0	Welcome to closing bell overtime. I'm John Fort with Morgan Brennan.
0:20.0	Well, the tech sector wrapping up a strong week, but the action really heats up next week when Tesla, Microsoft, Meta, and Apple all report earnings results.
0:28.9	We're going to talk to investor Dan Niles about his expectations ahead of those key prints.
0:32.7	And as the IPO market back, it was a big day for public listings as Venture Global made its debut,
0:38.7	but it wasn't the only one. We'll talk to the CEO of Ascentage Farma, the first biotech IPO of
0:45.8	2025. First though, let's get to the market action with Unlimited CEO Bob Elliott and
0:51.0	Interactive Brokers Chief Strategist Steve Sosnik, guys, happy Friday.
0:56.2	Steve, we've got a quiet VIX to end the week, the volatility index there.
1:01.3	Big earnings week coming up, though.
1:04.1	So how should investors position?
1:07.4	Well, hi, John.
1:08.6	Thanks for having me.
1:09.7	I think this is a time to always remember that buy,
1:13.2	low, sell high doesn't only work in stocks. It works in other products. And sometimes it works,
1:17.8	it often works in volatility, which tends to have more of a mean reverting basis than stocks do.
1:23.9	And so when you see going into a week that promises to have a huge array of earnings,
1:30.1	just think of Wednesday itself, which has an FOMC meeting, a, you know, Tesla, meta, and Microsoft,
1:37.3	basically, I think are the ones coming out that afternoon. And yet you see VIX with a 14 handle
1:43.1	and the VIX 9D, which is the 9-day version of the VIX with like a 12 handle, that's telling us that investors are not pricing in very much volatility for the coming week or for the coming 30 days. And to be fair, I think that's a little bit much because I do think that there's certainly any number of things,
	...

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