Closing Bell: Apple’s WWDC & Skydance, Paramount Deal 6/11/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 11 June 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0	All Right, guys, thanks so much. Welcome to Closing Bell. I'm Scott Wobner live from San Francisco today.
0:06.0	This make-a-break hour begins with Apple's all-time high.
0:08.9	It's AI rollout cheered by investors and many analysts as well today.
0:12.8	In fact, we're going to hear from Morgan Stanley's Eric Woodring in just a moment.
0:15.8	We get his first reaction to W.W. D.C.
0:18.8	and where he thinks shares can go from here now.
0:21.2	In the meantime, take a look at the scorecard with 60
0:23.3	minutes to go in regulation because we do have a developing story there as well.
0:27.6	New closing highs at this moment for the S&P 500 and the NASDAQ all of this
0:32.2	about 24 hours ahead of that Fed decision.
0:34.8	Tech is the only green sector today, the NASDAQ powering yet again as I just said we're watching
0:40.0	the NASDAQ 100, watching Apple and all the other big names too.
0:43.4	And of course we're watching Healds ahead of the Fed and the
0:46.1	C. P. I report that is released tomorrow morning as well and that's going to be
0:50.2	critical. It does take us to our talk of the tape. Get the road ahead for the markets
0:54.9	and Apple's newfound momentum. That's welcome in Eric Woodring. He is Morgan Stanley's
0:59.3	Equity Research Director covers Tech Hardware. As you know, it's good to see you.
1:02.8	Good to see you Scott. I got the notes right in front of me here from you. You say that
1:07.5	W. W. D.C. delivered slightly ahead of our expectations.
1:12.6	So what were your expectations and why were they exceeded only slightly?
1:16.6	Why did you feel the need to use that word?
1:18.6	Sure, because coming in I think we probably had higher expectations than the average investor.
	...

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