Rare Interview with Nike CEO, Peltz Takes on Disney, Looking Ahead to Bank Earnings 1/12/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 12 January 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks rallied for a third-straight session after December inflation numbers showed a cooldown from the previous month. Holly Newman Kroft from Neuberger Berman discusses the CPI print and her take on the Fed’s strategy and market impact. Disney shares rallied after billionaire Nelson Peltz launched a fight to gain a board seat at the company. Analyst Peter Supino explains why he thinks Peltz’s ideas for Disney are “reasonable and collaborative.” Meantime Sara sits down for a rare interview with Nike CEO John Donahoe, where he gives his read on inflation and the strength of the consumer in America and China. Donahoe also discusses the decision to part ways with NBA star Kyrie Irving late last year. Plus the latest on chips, the banks, and crypto’s comeback. 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	Hire for a third straight day here as December inflation cools from the prior month.
0:04.8	This is the make or break hour for your money.
0:07.2	Welcome everyone to Closing Bell. I'm Sarah Eithan. Take a look at where we stand over on the market.
0:10.8	Up 250 or so on the Dow high of the day was up 319
0:14.6	points a nice broad rally again for the S&P up 4 tenths of 1% you've got three
0:19.8	sectors lower and those are the defensive safe haven sectors.
0:23.8	Utilities, health care, and consumer staples.
0:25.5	Everybody else is up today.
0:26.5	Energy is leading, real estate, another big comeback day for the REITES.
0:29.8	The NASDAQ up six-tenths of a percent.
0:32.0	It's being led right now by Microsoft,
0:33.8	Embidia Meta, also helping out.
0:36.3	Apple's under a little pressure today
0:37.7	and check out shares of Disney.
0:39.6	Stock story of the day, leaving the Dow
0:41.4	is billionaire Nelson Pelt
0:42.5	launches a proxy fight for a board seat at the company.
0:46.1	We're going to talk much more about that in just a bit.
0:48.7	Also ahead on the show today, a cannot miss exclusive interview
0:52.4	with the CEO of Nike John Donahoe do not
0:55.8	hear from him too often we're going to hear about his latest read on inflation the
0:59.8	strength of the consumer China's reopening of course Kyrie Urban controversy a lot to get to with Mr. Donahoe.
	...

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