Closing Bell Overtime: Apple Earnings From Every Angle; Venture Capital Scorecard With Francisco Partners Co-Founder 11/03/23

Closing Bell

CNBC

News, Business

4.4 • 140 Ratings

🗓️ 3 November 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

It was the best week of the year for the major averages. G Squared Private Wealth’s Victoria Greene and CFRA’s Sam Stovall break down the market action. Founders Fund’s Keith Rabois talks where VC money is headed right now, plus the role of corporate America in geopolitics. Former NEC Deputy Director Bharat Ramamurti talks the cooler-than-expected October jobs report and what it means for the Fed. Redfin CEO Glenn Kelman on his stock’s volatile week and a potential landmark court case. BitGo was chosen as the custodian of FTX creditor money; CEO Mike Belshe joins to discuss what’s next after Sam Bankman-Fried’s trial. Piper Sandler’s Craig Johnson on key technical levels.

Transcript

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0:00.0	What a week! It's the best week for stocks of the year. That is the
0:06.1	score crowd on a wall street, but the action is just getting started.
0:08.8	Welcome to Closing Bell overtime. I'm Morgan Brennan with John Fort.
0:12.1	And coming up on today's show,
0:13.7	Founders Fun Partner Keith Raboy is going to join us
0:15.7	to talk about the setup for venture capital
0:18.1	in this higher rate environment
0:19.6	and the state of e-commerce
0:21.5	through the lens of his startup open store.
0:24.0	Plus we will talk to the CEO of Redfin as that stock jumps
0:27.9	22% today on the back of earnings.
0:31.0	We'll get a stake on this week's broker commissions ruling as well, but let's
0:34.7	get straight to the market, capping off a huge rally for the week, the best so far for the
0:38.7	year for the major averages, the down S&P notching a five-day winning streak, and it's the sixth in a row for the
0:45.3	NASDAQ, the 10-year Treasury yield moving dramatically lower today to every sector in the
0:50.7	S&P in the green for the week and for the day.
0:53.0	Joining us now, G-squared Private Wealth CIO, Victoria Green, and CFRA research chief
0:58.3	investment strategist Sam Stovol.
1:00.7	Victoria, I'm going to start with you because we started this week in the green and that
1:06.5	had been the case for a number of weeks. What we would see is we would start the week strong
1:11.4	and then fade the rally and it would get
1:14.2	uglier as the week would go on. The fact that that did not happen this week, the
	...

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