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Closing Bell

Closing Bell Overtime: Adobe CEO on AI Strategy; Market Volatility with Dan Niles; Intel Names New CEO 3/12/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 12 March 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

BD8 Capital Partners CEO Barbara Doran and Truist Wealth Co-CIO Keith Lerner break down the latest market moves. Adobe CEO Shantanu Narayen joins to discuss earnings and AI innovation. Intel names Lip-Bu Tan as its new CEO; industry analyst Patrick Moorhead breaks down what it means. Niles Investment Management Founder Dan Niles weighs in on market volatility and the tech sector. Box CEO Aaron Levie on AI developments and the future of enterprise software. Plus, Wellington Management Fixed Income Portfolio Manager Brij Khurana on market trends and fixed income opportunities.

Transcript

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0:00.0

That bell marks the end of regulation. Cloudflare ringing the closing bell through New York Stock Exchange,

0:04.8

just capital, doing the honors at the NASDAQ, and a mostly positive close today, as investors weigh a hopeful inflation print against policy uncertainty from Washington.

0:16.0

The NASDAQ seeing a decent pop, finishing higher by about 1.5% led by Micron, Palantir, Tesla, and

0:23.2

Nvidia. Let's see, the S&P might not have held on a 5,600. We'll see where it settles.

0:28.2

That's a scorecard on Wall Street, but winters stay late. Welcome to closing bell overtime.

0:32.0

I'm John Ford. Morgan Brennan is off today. Well, coming up this hour, earnings from Adobe,

0:37.2

which has outperformed other software

0:39.1

names so far this year and an exclusive interview with Adobe CEO, Sean Tune-Irion, before he talks

0:45.3

to analysts on the call. Plus, investor Dan Nile's going to share his latest thoughts on the market

0:50.4

volatility, why he doesn't think we're at risk of a recession, and if the biggest

0:54.6

pain for tech is now in the rearview mirror.

0:57.6

Now let's get straight to the market action.

0:59.3

Joining us is BD8 Capital Partner, CEO, Barbara Duran, and truest wealth co-CIO, Keith Lerner.

1:04.8

Guys, happy overtime.

1:06.7

Keith, CPI was good news, or stocks do for a bounce?

1:13.1

Yeah, well, hey, John, great to be with you both.

1:16.0

Yeah, I do think we were set up for a bit of a bounce.

1:20.5

As you may recall, back in late February, we downgraded our view of stocks when we were closer to, you know, all-time highs because the weight of the evidence in our work had shifted.

1:25.6

And then yesterday, as the market was down,

1:27.8

you know, almost 10%, we put out a note that we think we were kind of getting to the ballpark

1:32.3

of where we might see at least abound. Some of our indicators, whether it's technical indicators

1:36.2

or just the contraction in PE that we've seen over the last two weeks, suggest that things are

...

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