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Closing Bell

Closing Bell Overtime: Cleveland-Cliffs CEO On Nippon, US Steel Deal; L3Harris CEO On Global Threats 9/5/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 5 September 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Cleveland-Cliffs CEO Lourenco Goncalves says in an exclusive interview with Closing Bell Overtime that the offer for US Steel is still on the table and he is working with JPMorgan and Wells Fargo on a plan. L3Harris CEO Chris Kubasik talks global threat levels, disruption in the defense sector and what impact the 2024 election will have. Secureworks CEO Wendy Thomas on what a possible deal for the company would look like. Plus, Bernstein’s Stacy Rasgon reacts to Broadcom earnings.

Transcript

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0:00.0

Well that bell marks the end of regulation kite realty group ringing the

0:06.9

closing bell at the New York Stock Exchange. Trader E. T.F.

0:10.4

doing the honors at the NASDAQ and we had big swing for the major averages today as investors jockey for position ahead of tomorrow's jobs report and ahead of key earnings hitting this very hour.

0:21.0

That is the scorecard on Wall Street but winners stay late buffing

0:23.6

the closing bell overtime I'm John Fort with Morgan Brennan

0:26.3

yeah we're moments away from the bigger earnings report of the week broadcom

0:29.7

which comes after pronounced weakness in the chip space

0:33.2

with the SMH ETF coming off its worst day in years

0:36.6

on Tuesday.

0:37.5

And we will get numbers from DocuSign, Samsara,

0:40.6

and U-I-Path.

0:42.1

Plus, the CEO of Cleveland Cliffs joins us exclusively to talk about the latest turn in the

0:47.3

Steel Deal Wars after news that the Biden administration is planning to block the

0:52.0

acquisition of US steel by Japan's

0:54.3

Nippon Steel.

0:55.4

As we await those broad comers, also let's bring in our market panel.

0:58.7

Joining us now, Barbara Duran from B.D.A. Capital Partners and Paul Hickey from Bespoke Investment B. B. B. B. B.

1:03.3

Capital.

1:04.3

Good afternoon, guys.

1:05.4

Paul, if the economic data, the labor, the jobs data tomorrow morning isn't shocking, what

1:11.3

are the details you'll be looking at beneath the service

1:13.6

help determine where stocks and yields go from here?

...

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