Closing Bell Overtime: DraftKings CEO on Earnings, Super Bowl; Zoetis CEO on Avian Flu Vaccine For Poultry 02/13/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 13 February 2025
⏱️ 44 minutes
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| 0:00.0 | That's the end of regulation. Group 1 Automotive, bringing the closing bell at the New York Stock Exchange and Ardbark Therapeutics, one of this week's IPOs doing the honors at the NASDAQ. A broadly higher finish for the major averages. We basically finished right near session highs as Terra fears ease and tech gets a lift driven by Apple 11 standout session and a bounce for mega cap names like Tesla and |
| 0:21.2 | NVIDIA. That is the scorecard on Wall Street. But the action is just getting started. |
| 0:25.1 | Welcome to Closing Bell overtime. I'm Morgan Brennan with John Ford. |
| 0:28.1 | Yeah, we got another big hour of earnings results coming. Headlined by Airbnb, Applied Materials, |
| 0:32.9 | Coinbase, Draft King's Palo Alto networks, and many more. Are you ready? Plus, we'll be joined in a first on |
| 0:39.3 | CNBC interview by Draft King's CEO, Jason Robbins, before his call with Wall Street. And the |
| 0:44.8 | CEO of Animal Health Company, Zoedis, is going to join us to talk earnings, tariffs, and the fight |
| 0:49.7 | against the avian flu. As we await earnings, though, let's bring in vital knowledge founder, |
| 0:54.4 | Adam Krista Fulie and CNBC Senior Markets Commentator, Mike Santoli. Great to have you both here. |
| 0:59.2 | As I mentioned, we basically closed at session highs for the major averages. That was after a PPI |
| 1:05.4 | that the street shrugged off and sent treasuries rallying. And after tariff talk, that the street also shrugged |
| 1:12.9 | off. So, Adam, I'm going to start with you because the S&P 500, it looks like closing a little more than |
| 1:17.5 | 1% higher, 6115 as we settle here. We're coming back up on, we're not there yet, but very close to |
| 1:25.4 | new record territory. Your thoughts? |
| 1:28.6 | I think today was really characterized by earnings. You had a bunch of favorovers reports out last |
| 1:33.9 | and this morning, both in the U.S. and Europe. And then within the PPI, the headline PPI numbers |
| 1:38.8 | were hop-out within it. There were a lot of encouraging, dovish figures, and that definitely |
| 1:43.6 | helped to relieve markets |
| 1:44.6 | after the CPI, and it suggests that the PCE coming out in a couple of weeks will be somewhat cool. |
| 1:50.0 | And then we had, you know, another tariff announcement that was short on detail, and there were, |
| 1:55.3 | you know, immediate new tariffs implemented, and so markets read the side of relief once that news |
| 2:00.1 | was out of the way and it was |
... |
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