Closing Bell: Overtime: FBI Director On How Generative AI Is Changing The Playing Field, Coursera CEO On AI Class For CEOs 01/09/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 9 January 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The SEC’s X page was compromised, according to the agency, leading to an erroneous tweet saying Bitcoin ETFs had been approved. First, though, the markets: stocks mostly lower in trading Tuesday. Vital Knowledge’s Adam Crisafulli breaks down where he sees the market headed. Plus, Mercer US CIO Olaolu Aganga on her take on what sectors are set for a 2024 run higher. Coursera CEO Jeff Maggioncalda on his company’s new offering aimed at teaching CEOs on the best way to incorporate AI and Jack in the Box CEO Darin Harris on its spending plans. Geoffroy van Raemdonck, Neiman Marcus CEO, talks the high-end consumer. Plus, Morgan sits down with FBI Director Christopher Wray and NSA Director Gen. Paul Nakasone on the cyber threat from China and how generative AI is changing the playing field.

Transcript

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0:00.0	Looking a little bit like a mixed picture here today as the Nasak eeks out the slightest gain but the Dow and the S&P end the day lower after the rally we saw yesterday.
0:09.7	That is the score car at Wall Street. The action is just getting started.
0:12.8	Welcome to Closing Bell overtime.
0:14.2	I'm Morgan Brennan back with John Forts.
0:16.4	Good to have you back and it was another tough day on Wall Street as stocks struggle for direction.
0:21.2	The 10-year Treasury yield above 4% coming up Mercer's chief
0:25.2	U.S. Chief Investment Officers going to weigh in on how to put money to work in
0:29.8	this environment and the sectors she thinks look attractive.
0:33.6	Plus a pair of big interviews on the health of the consumer.
0:37.4	The CEOs of Jack in the Box and Neiman Marcus on whether they are seeing any warning
0:41.5	signs of slowing spending.
0:44.2	Now let's get more on this volatile day on Wall Street.
0:46.6	Mike Santoli joins us from the New York Stock Exchange.
0:49.7	Mike, so far this year, Utilities, com service, especially health care have actually been
0:56.3	in the green sector wise, but it's hard to read exactly what what investors think
1:01.1	is happening.
1:02.1	Yeah, John, there's been some reach for some of the neglected stocks of 2023,
1:06.6	but in general, it has been a lot of sort of offsetting action just because we happen to
1:11.9	come into the year on this incredible hot
1:13.9	street nine straight up days up 17% in the S&P in a straight line there has been you
1:19.1	know this this prolonged hangover I would argue from the start of the year and today too you know you had a
1:24.7	flat NASDAQ S&P minimal declines but you had twice as many stocks down that up the
	...

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