Closing Bell Closing Bell Overtime: Microsoft President on How AI is Changing Our Workforce; AI Drives Citi’s Higher S&P Target 7/10/25
Jul 10, 2025
Rick Santelli, CNBC's market expert, dives into riveting discussions with Microsoft President Brad Smith, who reveals the company's ambitious $4 billion AI workforce strategy. They explore how AI is reshaping job roles and market valuations, with Citi's Drew Pettit justifying a bold 6300 year-end S&P target rooted in AI growth. The conversation also touches on Apple's leadership shifts and strategies for navigating supply chain challenges, while examining the potential impacts of tariffs on your morning coffee.
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Strategic Growth and Cyclical Investing
- Favor AI growth stocks, including international plays, as the market hasn't fully priced AI's opportunity.
- For broader growth, cyclical sectors, especially consumer areas, need to improve for sustained market gains.
New Era of Public-Private Partnerships
- Public-private partnerships, like MP Materials' deal with the U.S. government, signal a new era of collaboration in critical supply chains.
- This model may counter adversarial trade practices and enhance domestic technology and resource production.
Invest in Financials and Housing
- Buy financial stocks like Truist to benefit from deregulation and increased bank capital for buybacks and lending.
- Invest in housing companies like D.R. Horton focused on first-time buyers in favorable regions for undervalued growth.