11AM Hour: PulteGroup CEO on Housing Market, Atlanta Falcons CEO on Turnaround Plan & Big Tech's Big Week 7/28/26

Ryan Marshall, CEO of PulteGroup, shares a positive outlook on the current US housing market, emphasizing the company's broad geographic footprint, diverse customer base, and strong financial position. Despite recent declines in earnings and revenue, he highlights growth in order volume, especially in Florida, aided by strategic incentives like mortgage buy-downs. Marshall underscores the importance of housing supply expansion, recent legislation aimed at reducing red tape, and cost management efforts, which have helped navigate high interest rate environments. The overall message is one of cautious optimism about long-term housing demand and PulteGroup’s capacity to capitalize on favorable market conditions.

Greg Beadles, CEO of the Atlanta Falcons, discusses the team’s efforts to transform their performance on and off the field. Despite missing the playoffs for several years, the organization has achieved record-breaking business success driven by strong community engagement, sponsorships, and event hosting, including the FIFA World Cup games. Beadles emphasizes investments in team culture, leadership, and internal talent development. He also notes the ongoing efforts under new coaching staff to improve team results. The overall goal is to create a year-round sports and entertainment hub that bolsters the local economy and creates a winning team.

Julia Borsten reports on Meta’s strategic partnership with BlackRock to build a $14 billion AI data center in Texas, designed to enhance AI model training and cloud computing capabilities. The deal involves BlackRock financing the majority of the project, with Meta retaining a smaller stake, aiming to minimize costs and support its extensive AI spend. The move signals Meta’s intention to explore entering the AI cloud services market, diversify revenue streams, and reduce reliance on internal compute resources. Market reactions are mixed, reflecting investor concerns over high capital expenditure and uncertainty about AI monetization strategies.

Steve Leesman summarizes results from the CNBC Fed Survey, revealing expectations of no rate hikes at the upcoming meeting but significant debate over future monetary policy actions. There is a marked shift towards less transparency, with many anticipating the removal or modification of the dot plot and reduced conference statements from the Fed. The survey indicates a 28% probability of a rate increase tomorrow, rising to a 76% chance by September. The discussion highlights the potential for increased market volatility stemming from the Fed’s communications approach and interest rate policy under new Chair Kevin Worch.