Closing Bell Closing Bell: Stocks & The Storm 1/23/26
Jan 23, 2026
Tom Lee, Fundstrat founder and market forecaster; Pippa Stevens, CNBC energy reporter; Jeff Cornish, AccuWeather meteorologist. They cover a massive winter storm threatening 200 million people. They discuss expected snow, ice and outages. They explain the natural gas surge and supply risks. They look at airline cancellations and wider market and sector implications.
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Airlines Trim Schedules In Advance
- Airlines preemptively issue waivers and cancel flights to limit open-ended disruption.
- Alaska CEO Ben Minicucci says "it's going to be ugly" and airlines are trimming schedules ahead of the storm.
Goldman CEO Pay Rises With Strong Results
- Goldman disclosed David Solomon's 2025 pay rose to $47 million after a strong year for the stock.
- Scott Wapner notes the pay increase reflects Goldman’s top revenue and earnings performance in 2025.
Energy And Materials Poised To Outperform
- Tom Lee still favors mega-caps for earnings visibility but prefers energy and materials as top sector picks.
- He argues energy/materials underperformed historically and can mean-revert even with modest fundamentals.