Closing Bell Overtime: Affirm CEO On Latest Quarter, Cracks In The Consumer; Hawaiian Airlines CEO On New Starlink WiFi Offering 2/8/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 8 February 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Another huge slate of earnings with Affirm, Pinterest, Expedia, Cloudflare and Take-Two reporting. Affirm CEO Max Levchin discusses a strong quarter and the investor reaction. Roth analyst Rohit Kulkarni on Pinterest’s quarter and its new partnership with Google. Dom Rizzo, T Rowe Price Global Technology Equity Strategy Portfolio Manager, gives his top picks in tech despite record levels in the market. Plus, Hawaiian becoming the first major airline to offer WiFi through Starlink; Morgan sits down with CEO Peter Ingram and a Starlink VP to discuss.

Transcript

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0:00.0	Talk about an adventurous 30 seconds into the close here. We got 5K today for the
0:11.6	S&P 500, but as stock settle it looks like we're
0:14.3	settling just below that level 4997 that is still a record close for the
0:20.5	S&P got record close for the Dow and a new 52e-Kai for the
0:23.7	Nasdak too. That is the scorecard on Wall Street. The action is just
0:26.9	getting started though. Welcome to Closing Bell overtime. I'm Morgan Brennan.
0:30.1	John Fort is off today. As I mentioned, Dow and S&P closing in uncharted territory.
0:36.0	We got that 52e Kai for the Nasdak.
0:39.0	Let's get ready for another wild hour of earnings.
0:42.0	We will have instant analysis of earnings from
0:44.9	a firm Pinterest expedia take to and cloud flare as soon as they cross plus a firm
0:51.6	CEO mac Levchin joins us in a first on
0:54.8	c. N. B. interview before he dials into the call with analysts.
0:59.4	And the portfolio manager of T-Roe Price's Global Technology Fund reveals his top tech picks right now,
1:06.0	including the Magnificent Seven stock that he thinks looks the most attractive.
1:10.0	It might surprise you.
1:11.0	As we await those earnings, let's bring in our market panel though joining us now as bespoke co-founder Paul Hickey and Annandale Capital Chairman George C
1:20.8	Paul. We got it 5K on the S&P and a new record closing high, although just shy of closing at that level.
1:28.0	Is the trajectory higher from here or are we now going to chop around and continue to test this key level?
1:34.0	Yeah, I mean it's been two days.
1:36.0	It would be perfect for it to happen on a Friday to close that level so everyone can think
1:40.0	about it and celebrate over the weekend.
	...

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