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Closing Bell

Closing Bell Overtime: Duolingo CEO On Surprise Effect Of TikTok Ban; Trump Day 1 Trade 01/17/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 17 January 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Jose Rasco of HSBC and Jim Paulsen of Paulsen Perspectives break down market dynamics. Jared Holz of Mizuho delves into the intersection of GLP-1 drugs and Medicare, while Mike Santoli provides actionable takeaways with his dashboards. David Joyce from Seaport Research Partners analyzes Netflix’s latest moves, and Pramol Dhawan of PIMCO shares his expertise on emerging markets and India’s growth story. Luis Von Ahn, CEO of Duolingo, on the uptick in users learning Mandarin as TikTok ban looms, and Stifel’s Brian Gardner wraps up the hour with a look at Trump trade policies.

Transcript

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0:00.0

Well, that bell marks the end of regulation for the week. The Memorial Foundation

0:03.6

ring the closing bell to the New York Stock Exchange. Adoro Clean Technologies doing the honors

0:08.1

at the NASDAQ. And it's a strong end to a strong week as the major averages go out with

0:13.2

gains across the board. Healthcare was the loan sector to finish the day in the red.

0:18.4

That's the scorecard on Wall Street, but winners stay late.

0:24.7

Welcome to closing bell overtime. I'm John Ford. Morgan Brennan is off today. Well,

0:30.1

coming up on today's show, Netflix kicks off Fang earnings on overtime next week. Remember Fang? Coming off a very strong year and some on the street think there's a lot more upside for

0:35.1

Netflix ahead. We'll talk to an analyst who just upgraded the stock ahead of that print.

0:39.5

Plus, weight loss drug makers slimming down today on news, OZempic and Weigubby have been selected for Medicare price negotiations.

0:47.3

We'll discuss the impact on shareholders.

0:49.7

And a surprising winner of the TikTok band, Duolingo says it's seen a surge in user signing up to learn

0:55.3

Mandarin as some TikTok customers turn to Chinese-based Red Note. We're going to hear from Duolingo's

1:01.4

CEO about the spillover effect. First though, major averages closing a strong week of games.

1:07.2

The Dow up 3.7%. The S&P 500 up 2.9%. Almost closed above 6,000 for the week for the

1:14.9

first time this year, but lost it in the last five minutes. The Russell 2,000 of 4% week to

1:19.7

date while the NASDAQ finished up 2.5%. Let's bring in HSBC Global Private Banking and

1:25.5

wealth management, CIO, Jose Rasko.

1:28.8

Ed Paulson Perspectives, author Jim Paulson.

1:31.8

Guys, happy Friday.

1:33.3

Jose, we had another strong day after those benign inflation readings.

1:38.3

What do you think the chances are that the market, the S&P, has found a floor around 5,800 post-election. What do we need to see in

1:47.3

earnings from here? Well, it's not just earnings for the market, right? It's inflation.

...

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