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Closing Bell

Closing Bell Overtime: CFOs From Coinbase, Deere and Doordash On Latest Quarters 2/15/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 15 February 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

We have you covered on the major earnings today, including Coinbase, Doordash, Roku and DraftKings. Coinbase CFO Alesia Haas on the latest quarter, bitcoin and the incredible move in the stock. Doordash CFO Ravi Inukonda on how the delivery company is managing higher rates. Deere CFO Josh Jepsen on the agriculture cycle, precision agriculture, automation, and subscriptions for farmers.

Transcript

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0:00.0

Well the bowls are back in charge as the S&P 500 closes at a new high.

0:04.0

It looks like 5029 at stock settle here at the rally.

0:08.0

Very broad overall though. Every major average higher. That's the square crown on Wall Street.

0:12.0

The action is just

0:12.8

getting started. Welcome to Closing Bell overtime. I'm Morgan Brennan with

0:15.9

John Ford. Yeah, Energy and real estate, the big winners today. Technology, ha

0:20.1

the only sector in the red. Now, brace yourself as we prepared to deliver you a wave of earnings.

0:26.6

We're going to have incident analysis of results from coin base, door dash,

0:29.7

draft kings, dropbox, roku, applied materials, toast, Roku, Applied Materials, Toast,

0:34.4

Plus, we will hear from the CFOs of both Coinbase and Door Dash

0:39.7

before they speak with analysts on their earnings calls.

0:43.2

As we await those earnings, though,

0:44.8

let's bring in our first guest.

0:46.4

Joining us now is EMJ Capital founder Eric Jackson.

0:49.2

Eric, it's great to have you on,

0:50.7

and we could talk about how broad-based this rally was today with the small caps up 2.3% and the equal

0:56.1

weighted S&P outperforming the regular S&P, but in general it has been a technic year for the big cap tech stocks at least to start

1:09.2

Your thoughts on what we've seen so far from earnings and as we await some more tech names

1:14.1

with more results here in the next couple of minutes.

1:16.4

Well Morgan I think at the end of January there were a lot of people saying

1:22.1

oh this is a replay of 2023.

1:25.0

It's only the Mag 7, the broad-based rally.

...

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