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Closing Bell

Charles Schwab’s Liz Ann Sonders On 2024 Playbook; Bessemer Venture’s Byron Deeter On Top Software Opportunities 12/19/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 19 December 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Charles Schwab Chief Investment Strategist Liz Ann Sonders on the Fed’s next move and if markets are overreacting right now. FedEx earnings with instant analysis from Melius Research’s Conor Cunningham. Global Defense Lead at Palantir, Doug Philippone, talks investing in the sector, the state of global security and how uncertainty in the Red Sea is impacting supply chains. Bessemer Venture Partners’ Byron Deeter on investing in software in 2024 and potential fallout from Adobe and Figma walking away from each other.

Transcript

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0:00.0

Another record close for the Dow industrials the S&P less than 1% from a new all-time

0:09.7

high as well but the small caps the real outperformer today that is the

0:13.4

scorecard on Wall Street but the action is just getting started

0:16.2

welcome to closing bell overtime I'm Morgan Brennan with John Fort

0:19.1

and one of the last major earnings reports of the years due for delivery in just minutes when

0:23.4

consumer bellwether FedEx shares results we're going to bring you the

0:28.0

numbers and expert analysis. Plus we'll talk about investing in defense as tensions ramp in the Red Sea with

0:35.9

Doug Philip on the global head of defense at Palantir and the co-founder of

0:40.0

VC firm Snowpoint Ventures.

0:42.4

And Charles Schwab, Chief Investment Strategy,

0:45.0

Liz Ann Saunders, is going to join us to talk about stocks relentless push higher

0:49.0

into year end and where she sees them going in 2024. Stocks climbing again today with the Dow and Nasdak

0:55.5

notching their ninth straight day of gains, the S&P 500 logging its eighth positive day in nine.

1:03.0

Mike Santoli's at the New York Stock Exchange and Mike on the S&P

1:06.9

were almost exactly where we were two years ago,

1:11.1

at least on the top line number but I take it things have changed

1:15.4

quite a bit beneath the surface. They have for one thing you know we're getting

1:19.5

back to these levels that remember were first reached a couple of years ago when the

1:23.9

economy was a little bit smaller when you had earnings base that was lower and

1:28.5

when you you even had valuation slightly higher even though things are getting a

1:32.0

little rich again so making a round trip in two years is

1:35.0

slightly higher even though things are getting a little rich again.

...

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