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Closing Bell

Closing Bell Overtime: Alcoa CEO On Earnings, Tariffs; Needham’s Laura Martin Dives Into Netflix 10/16/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 16 October 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Earnings season is in full swing and we have you covered with every angle. Get the numbers from CSX, Kinder Morgan, SL Green, Alcoa, Discover Financial, PPG and Steel Dynamics. Alcoa CEO William Oplinger talks the latest quarter and what impact tariffs is having on his business. Lithium Americas and GM announced a joint venture to developed a key mine in Nevada; LAC CEO Jonathan Evans on what the deal means for his company and the production timeline ahead. Plus, top analyst Laura Martin on what she wants to see from Netflix earnings this week and what to do with Apple stock.

Transcript

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0:00.0

That bell marks the end of regulation.

0:05.1

Cocoa Merchants Association of America

0:07.4

ringing and closing bell at the New York Stock Exchange,

0:09.8

Vine Hill Capital Investment Corp doing the honors at the NASDAQ and stocks mostly rebounding today

0:16.0

with earnings driven gains from Morgan Stanley and United Airlines providing support small caps outperforming.

0:22.4

The Dow, yeah yeah looks like it closed at a new record

0:26.2

the S&P not far from that record level we will see where it all settles that's

0:30.8

the scorecard on Wall Street but winter's day late

0:32.6

welcome to closing bell overtime I'm John Ford with Morgan Brennan looks like the

0:36.1

38th record closed this year for the doubt we've got a wave of earnings on the way we're

0:40.1

touching a number of industries including CSX, Kinder Morgan,

0:43.7

SL Green, Discover Financial, and Alcoa.

0:46.6

Plus an exclusive interview with the CEO of Alcoa

0:49.5

before he talks to Wall Street analysts on the call.

0:52.8

And you might want to take a look at lithium stock.

0:55.1

Shares of lithium America is surging on news of a joint venture with GM.

0:59.0

And that comes after Rio Tinto's deal for Acadium Lithium

1:03.1

Lithium earlier this month, the CEO of Lithium Americas

1:05.4

will join us to talk about the renewed interest in the space.

1:09.1

But are they going to crack?

1:10.2

Well, as we await earnings, let's bring in our market panel, Vital Knowledge founder Adam

1:14.7

Chrysophoulli and Charles Schwab, senior investment strategist Kevin Gordon, guys, good afternoon.

...

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