Closing Bell: Stocks all over the map, Rare interview with Cliff Asness 6/22/22

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 22 June 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The major averages closed just below the flat line after an up-and-down session, with commentary from Fed Chair Powell and a pullback in oil prices driving the action. Hightower’s Stephanie Link joins with her latest investment thoughts. Plus, Sara sits down for a rare and exclusive interview with AQR Capital Management’s Cliff Asness, who is vastly outperforming the market this year, for an inside look at the places where he’s finding value. And the CEO of snacking giant Mondelez discusses his company’s nearly $3B deal in the energy bar space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Stocks rebounding from a steep pre-market loss as oil and the Fed takes center stage.
0:05.2	The most important hour of trading starts now.
0:07.4	Welcome everyone to Closing Bell.
0:08.8	I'm Sarah Eisen.
0:09.9	Take a look at where we stand in the market.
0:11.8	A lot better than where we started,
0:13.4	up a half a percent on the doubt.
0:14.6	We got as low as down 364,
0:16.8	made a few attempts at going positive,
0:18.7	and now it looks like that's sticking.
0:21.0	The S&P is up about six-tenths of a percent. As Kelly and Tyler were
0:24.8	mentioning energy is under pressure today as crude oil declines. So are
0:28.5	materials and industrials everything else is higher. Real estate is the
0:31.9	leading sector right now on the market along
0:33.8	with health care. We've got a big show coming your way in just a few minutes. A rare
0:38.2	interview with aQR Capital's Cliff Asnes. His fund has been on a tear this year despite significant macro headwinds.
0:45.3	We'll get his latest thoughts and ideas. And then later we'll speak exclusively with the
0:50.3	CEO of Mondalees fresh off of a deal to acquire Cliff Bar for nearly 3 billion dollars.
0:56.3	Time now though for Santoli's dashboard today he is looking at the energy sector and how it's performed
1:01.2	Mike specifically versus tech and consumer staples.
1:04.4	Yeah that seems to be the story here.
1:06.4	Our headline index is stabilizing, modest moves, but really it's the sectors and the factors below that seem like they're in a little bit of
	...

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