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Closing Bell

Closing Bell Overtime: Anthropic Co-Founder Talks Claude 2; Earnings Season Kicks Off With Financials 7/14/23

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 14 July 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

The Dow closed higher on the back of strength from UnitedHealth while the S&P 500 and Nasdaq both snapped four-day winning streaks. G Squared Private Wealth’s Victoria Greene and Wells Fargo’s Scott Wren break down the market action and look ahead to next week’s busy earnings. Intuit CEO Sasan Goodarzi talks its generative AI product and how the consumer is doing. Anthropic just launched its “Claude 2” AI chatbot; co-founder Daniela Amodei talks what makes its product different and how the FTC could impact the industry. Sunnova CEO John Berger talks his stock’s big move higher and solar demand amid rising rates and macro headwinds. Guideline CEO Kevin Busque on the company’s new 401k product and Hennessy Funds’ David Ellison looks ahead to next week’s bank earnings.

Transcript

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0:00.0

Well, lost a lot on the S&P in NASDAQ. That's the score caught on Wall Street, but

0:05.6

Winters Day all afternoon. Welcome to Closing Bell overtime. I'm John Ford.

0:09.1

Morgan Brennan has the day off. We've got a jam-packed show coming your way. We're going to talk to the

0:13.7

CEO of Sanova, whose stock has climbed 20% just this week, far outpacing its

0:18.7

sole arrivals, plus into its CEO, Sasaanga Darcy, who's going to join us to talk about his read on small business and consumer spending,

0:25.6

plus how his company is continuing to use AI to help its customers.

0:30.1

And on the topic of AI, we will have a first on CNBC interview with the president and

0:34.4

co-founder of Anthropic about the company's launch of its latest rival to ChatGPT.

0:40.3

Now the Dow was higher on strength from United Health alone, while the S&P 500 NASDAQ closed lower today.

0:47.0

All three solidly higher for the week though.

0:50.0

It's the S&P 500's best week in a month.

0:52.0

Joining us now is G-squared Private Wealth. S&P 500's Best Week in a Month.

0:52.8

Joining us now is G-squared, Private Wealth,

0:54.8

CIO, and CMBC contributor, Victoria, Victoria,

0:58.0

happy Friday.

0:59.0

So, it sounds like you're kind of,

1:01.8

thanks, defensive here.

1:03.8

I want to key in on the impact on earning season.

1:08.6

Given that we just touched 52 week highs on major averages,

1:12.2

should investors you think expect a sell the news

1:15.2

bias unless the news is as good as JPM's was? Well and that's what look at

1:21.3

JPM all I can think about is Shania Twain's song that don't impress me much. It was a great quarter and it really didn't have a lot of lift on the stock and then you're on city or state street and what we saw across the street is analysts were describing the earnings as unimpressive or it's okay. It was mediocre at best and the socks really got punished.

...

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