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Closing Bell

Closing Bell Overtime: Apple Unveils Its AI Strategy; Former United CEO On What’s Next For Southwest & Elliott 6/10/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 10 June 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Apple showed off its long-awaited AI integration—dubbed Apple Intelligence—at the WWDC today in Cupertino. We break down all the angles you need to know. Plus, Dr. Scott Gottlieb on Eli Lilly’s Alzheimer’s drug getting FDA recommended and former United Airlines CEO on the road ahead for the Southwest CEO after Elliott Management revealed a stake in the airliner. Janus Henderson portfolio manager Jeremiah Buckley on how the next leg of the bull market could unfold.

Transcript

Click on a timestamp to play from that location

0:00.0

The S&P 500 closing at a record after stocks climbed out of an early hole as a

0:05.8

pivotal week for the market gets underway. That is a scorecard on Wall Street

0:09.6

but winner stay late. Welcome to Closing Bell overtime. I'm John Fort with Morgan Brennan.

0:13.2

Well Apple just unveiling it's long awaited a deeper push into AI called Apple

0:18.8

Intelligence along with a partnership with Open AI We have a great lineup of experts and

0:23.7

shareholders to weigh in on all of today's announcements.

0:26.6

Plus an FDA advisory panel meeting this afternoon to discuss the safety and

0:30.6

efficacy of Eli Lilly's Alzheimer drug.

0:33.8

We're going to talk to a former FDA commissioner,

0:36.3

Scott Gottlie, about the drug and the panel's recommendations.

0:39.9

And later, we will talk to a portfolio manager

0:42.4

who says there is one factor that will be the next

0:45.3

propeller of this bull market.

0:47.5

But first, the stock story we've been watching all day.

0:50.9

Apple and its developer conference with us to break down the key moments

0:55.8

from the event Apple shareholder Victoria Green, founding partner and CIO of G-squared

1:00.6

Private Well and a CMBC contributor as well as Scott Kessler, global

1:05.2

sector lead for tech at Third Bridge.

1:09.1

The biggest news today, Apple filling in its AI strategy with Apple intelligence. It's a new

1:15.1

personalized intelligence system. The software can rewrite text, generate images,

1:19.5

and emojies, and take actions across multiple apps. The demo I had at answering questions like

1:24.9

when should I leave to pick up my mom at the airport by scanning text messages and

...

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