Closing Bell Overtime: Bessemer’s Byron Deeter On When The AI IPOs Are Coming; Bitwise CEO On Spot Ether ETFs 7/22/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 22 July 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tech stocks staged a turnaround to start the week, helping lead the market higher. Vital Knowledge’s Adam Crisafulli and Richard Bernstein Advisors’ Dan Suzuki break down the market action and what’s ahead. Earnings from NXP Semi, Cadence Design, Cleveland-Cliffs, Zions and Nucor. Stifel’s Tore Svanberg on what NXP numbers mean for the rest of the industry. Mark Mobius on his top plays in emerging markets. Bessemer’s Byron Deeter on Silicon Valley and Kamala Harris, plus what’s next for AI and cloud companies. Bitwise Asset Management founder & CEO Hunter Horsley on his spot ether ETF on the eve of its first trading day.

Transcript

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0:00.0	That bell marks the end of regulation.
0:05.0	Domino's Pizza ringing the closing bell,
0:07.0	much like a doorbell at the New York Stock Exchange.
0:09.0	P.S. International Group doing the honors at NASDAQ.
0:12.0	And tech making a comeback to start the week
0:13.8	with the NASDAQ outperforming led by chips and Tesla that's a scorecard
0:18.2	on Wall Street but winner stay late welcome to closing bell overtime I'm John
0:21.4	4th with Morgan Brennan.
0:22.8	We've got a jam-packed week of overtime earnings
0:25.9	getting underway this hour with results from
0:27.8	NXP Semiconductor, Cadence Design, Cleveland Cliffs,
0:31.3	New Corps, and more.
0:33.0	We're going to bring you all of those numbers and instant analysis.
0:36.0	Plus, Cloud and AI Venture Capitalist Byron Deeter is going to preview the big tech earnings coming in the next few days,
0:42.0	including Alphabet tomorrow.
0:43.4	And investor Mark Mobius joins us right here at CMBC headquarters with his global
0:48.5	playbook and how the exit of President Biden from the 2024 race could impact international markets.
0:55.2	We're going to get straight to the analysis of these major averages kicking off the week with
1:00.5	green across the screen, mega caps and small caps getting a boost let's bring in
1:04.6	our market panel vital knowledge powder Adam Chris the fooli and Richard Bernstein
1:08.7	advisors deputy CIO Dan Suzuki guys happy Monday Dan is the rotation into small caps still rotating I mean the
1:16.8	Russell's up but roughly the same as the NASDAQ today.
	...

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