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Closing Bell

Closing Bell Overtime: Adobe CEO On Earnings, Demand; Panera Founder On How To Win In Current Dining Market 9/12/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 12 September 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

The tech outperformance continued in trading today. BofA’s Jill Carey Hall and Schwab’s Omar Aguilar break down how to play the current market. Adobe CEO Shantanu Narayen on the latest quarter and what’s next for the company. United Wholesale Mortgage CEO and Phoenix Suns owner Mat Ishibia on mortgage demand and sport valuations. Ron Shaich, Panera founder and Cava Chair, on how to win consumers in the current environment.

Transcript

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0:00.0

That's the end of regulation US Bank Corps ringing the closing bell the New York Stock Exchange

0:04.2

SS and S. S. M. Alps, Alps, Advisors, and Core Commodity Management.

0:08.0

Doing the honors to NASDAQ, will stop adding to Wednesdays gains and games on the week.

0:12.7

With tech having another strong session,

0:14.6

small caps, seeing big games today,

0:17.0

that's a scorecard on Wall Street.

0:18.2

But the action is just getting started.

0:20.2

Welcome to Closing Bell overtime.

0:21.5

I'm Morgan Brennan with John Fort.

0:23.2

Yes, and well 260 billion dollar software firm Adobe reports results in just moments.

0:28.8

We have access you will only get on overtime. It's an exclusive interview with CEO

0:33.2

Shantu Narayan before he talks to analysts on the conference call.

0:36.9

Don't want to miss that. Plus billionaire Phoenix sons owners and

0:40.0

United Wholesale Mortgage CEO Matt Ishpia joins us to talk about the pent-up demand

0:45.4

to refinance and how next week's Fed decision could impact the mortgage market.

0:50.3

And Panera founder and Kava Board Chair Ron Shake weighs in on McDonald's decision to extend its $5 value meal and the tall

0:59.2

Paps Venti task facing new Starbucks CEO Brian Nickel.

1:03.4

Well let's begin with our market panel, Jill Carey Hall of B of A securities and

1:08.3

Omar Agolar of Schwab Asset Management.

1:10.8

It's good to have both of you here on another day where major

1:14.9

averages are in the green. So Joe I'm going to start with you here because and

1:19.2

we just heard Mike Santoli talk about it, the Nick Timrose article of the

...

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