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Closing Bell

Closing Bell: Investors Eye Communacopia Headliners 9/11/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 11 September 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

Altimeter’s Brad Gerstner joins Scott Wapner live from Goldman Sachs’ Communacopia conference talking all things tech. Plus, New York Life Investments’ Lauren Goodwin and Jason Snipe of Odyssey react to that big interview and discuss their forecasts for the market. And, shares of Novo Nordisk got a big boost thanks to some new weight loss drug data. We drill down on the details and what it could mean for the stock in the long run.

Transcript

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0:00.0

Welcome to Closing Bell. I'm Scott Wotner Live today in San Francisco, the Goldman Sachs Communicopia and technology conference.

0:06.0

Some big interviews are on the way. In just a second, we're going to be joined by Altimeter Capital founder and CEO Brad Gerstner.

0:12.0

That's a big one and a little later George

0:14.4

Lee he's the head of the Goldman Sachs Global Institute. It's going to be here as well

0:18.5

to talk all things AI and we are excited about that one too.

0:22.6

In the meantime, let's take you to the markets here with 60 minutes to go and regulation.

0:27.1

What a different picture it is at this moment because it was a rough open.

0:30.8

It has turned around though, thanks to some buying in big tech

0:34.7

invidia leading the way today CEO and founder Jensen Wong telling this very

0:39.3

conference he is still seeing quote great demand for the company's chips.

0:43.7

Financials have been the weakest part of the market today as well.

0:47.6

Some of those have turned two, including Goldman Sachs, chairman and CEO David Solomon telling us earlier in an

0:54.5

exclusive interview that things look pretty good in the economy right now and

0:58.3

that was a big deal. Look at that stock trending higher throughout the afternoon and

1:02.2

now in the green by one half of

1:04.5

1%. Let's bring in Altimeters Brad Gerstner now. He is live here at

1:08.4

Communicopia with us. Thanks for joining us. Great to run into you here and see

1:12.1

you. It's good to be here good to be

1:13.5

there were there were two moments I think today you know the markets were a little

1:17.2

rattled and Jensen Wong was on the stage downstairs and just continued to talk

1:22.4

about AI and the great demand that he's

1:25.2

seeing David Solomon as I said sat with us and said things in the economy look

...

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