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Closing Bell

Closing Bell Overtime: Cloudflare CEO Matthew Prince On This Week’s Social Media Outages; Palantir CTO On Key US Army Win 3/6/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 6 March 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

Stocks bounced back today with the major averages closing higher. BD8 Capital’s Barbara Doran and Citi Research’s Dirk Willer break down the market action. Palantir had its best day in a month after a key US Army contract win; CTO Shyam Sankar what it means for the company and what’s next. Cloudflare CEO Matthew Prince on this week’s major social media outages and its latest deal news. Former Fed Governor Randall Kroszner on Fed Chair Jay Powell’s testimony today and the latest Beige Book data. Hashicorp CEO Dave McJannet talks the latest strong quarter and its buyback plan.

Transcript

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0:00.0

Well, the major averages did it.

0:01.3

Snap to two day losing streak.

0:03.5

The S&P above 5100 looks like,

0:06.5

even a little Russell did just great.

0:09.1

Closing well off the highs of the session though,

0:11.0

that's a scorecard on Wall Street,

0:12.2

but winter's stay late. Welcome to Closing Bell overtime. I'm John. of the

0:13.3

session though that's a scorecard on Wall Street, but winter's stay late.

0:13.0

Welcome to Closing Bell overtime. I'm John Fort with Morgan Brennan.

0:16.0

Well, tech and utility is the best performing sectors today.

0:19.0

Consumer discretionary, the biggest loser for the S&P.

0:23.0

Palantier, a big winner though,

0:25.0

after becoming the first software company ever

0:28.0

to become a prime contractor

0:30.0

about hardware-based weapon system.

0:32.0

The company's chief technology officer joins us. about hardware-based weapon system.

0:32.5

The company's chief technology officer

0:34.2

joins us exclusively for an interview

0:37.2

on this Army contract and all the potential

0:39.8

for more deals like this.

0:41.6

What a wild day of trading for New York Community Bank Corp.

0:45.0

Stock initially plunged more than 40% early in the session on reports that it was trying

...

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