Closing Bell
Closing Bell Overtime: Southwest CEO Takes On Activist Elliott; Time To Invest in China? 9/26/24
Sep 26, 2024
Bob Jordan, CEO of Southwest Airlines, shares his new three-year plan aimed at boosting profitability while addressing activist investor Elliott Management's concerns. Ruchir Sharma, Chairman of Rockefeller International, expresses skepticism about the sustainability of the recent rally in Chinese stocks despite government stimulus measures. Joe Feldman from Telsey reacts to corporate earnings, particularly Costco's mixed performance, while discussing market trends and investment strategies amidst economic challenges.
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Quick takeaways
- Southwest Airlines' new three-year plan aims to enhance profitability while addressing the challenges posed by activist investor Elliott Management.
- Recent Chinese government measures have boosted stock markets temporarily, but structural economic issues raise concerns about long-term sustainability.
Deep dives
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