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Closing Bell

Closing Bell Overtime: Apple Reportedly In Talks To Invest In OpenAI; Google Cloud CEO, Accenture CEO On Client Needs For AI 8/29/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 29 August 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Investors digest earnings from Nvidia during the trading session, sending the Nasdaq ultimately lower. Earnings today from Ulta, Autodesk, Dell, Lululemon, Marvell and MongoDB. Bernstein analyst Aneesha Sherman breaks down Lulu’s numbers. Google Cloud CEO Thomas Kurian and Accenture CEO Julie Sweet join in an exclusive interview to talk their expanded partnership in generative AI and cybersecurity, plus what their clients want from their offerings.

Transcript

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0:00.0

That bell marks the end of regulation Curtis Wright Corporation ringing the closing bell to New York Stock Exchange

0:05.7

Nixoa doing the honors at the NASDAQ and it is a record close for the Dow but gains across the averages faded late in the session the NASDAQ

0:15.5

giving up a big early pop closing fractionally lower the S&P just about flat

0:21.7

that's a scorecard on Wall Street, but winners stay late.

0:24.3

Welcome to closing bell overtime. I'm John Fort. Morgan Brennan is off today.

0:28.2

Invidious numbers are behind us, but there's still plenty of earnings action on the way, including results this hour from

0:34.7

Dell, Marvell, Lulu Lemon, Ulta, Autodesk, and more.

0:38.7

Plus a big interview you don't want to miss Google Cloud CEO Thomas Currian joins us along with

0:44.0

Accenture CEO Julie Sweet with a look at how their partnership is helping

0:48.1

enterprise companies scale their AI offerings perhaps from ROI there.

0:53.2

As we await those earnings though, let's bring in Barbara Durand, she is CEO, B-D8 Capital Partners,

0:58.6

and Senior Markets Commentator Mike Santoli, it's going to be with us in just a moment. Barb, happy

1:04.8

Thursday. So, Invidia did well overall, but the stock was down, dropped to

1:11.3

levels from two weeks ago which given what

1:14.0

Invite has been doing isn't so bad.

1:15.8

S&P ended up about flat.

1:17.6

Put this in video result together with the Fed, the market action.

1:21.6

What's the message?

1:23.6

Well, I think we're in a seasonally very slow time,

1:26.2

which is August.

1:27.1

I mean, I think a lot of traders are on vacation.

1:29.3

You've always got volatility, chapiness, low buy-in. And I think there was such great expectations going

...

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