Closing Bell Overtime: Flexport CEO On Surging Shipping Costs; Siemens CEO On Automation In Manufacturing 5/31/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 31 May 2024
⏱️ 44 minutes
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| 0:00.0 | A pretty big push higher into the close sending a Dow up more than 550 points |
| 0:06.6 | erasing earlier steep losses for the NASDAQ that is a scorecard on |
| 0:10.8 | Wall Street but winter stay late welcome to closingime, I'm John Fort with Morgan Brennan. |
| 0:15.0 | Well coming up this hour, the CEO of Supply Chain and Logistics Company Flexport joins us with an |
| 0:20.5 | inflationary warning about global freight prices, which he says are |
| 0:24.0 | hitting levels not seen since the pandemic supply chain crunch. |
| 0:27.0 | And the hard truth on software, MongoDB sinking more than 20% today following a big drop for sales force earlier in the week. |
| 0:36.0 | We're going to hear from the CEO of one name in this face. There I am. |
| 0:39.0 | That's moving the other way. |
| 0:40.0 | Of more than 8% today on results. |
| 0:42.0 | But first, let's get to the market. of more than 8% today on results. |
| 0:42.8 | But first, let's get to the market action. |
| 0:45.3 | And this big push higher into the close, |
| 0:47.1 | erasing much of the losses of the week, |
| 0:49.2 | pushing the averages further into the green |
| 0:51.0 | for the month of May, which just wrapped up here. |
| 0:53.4 | Joining us now, Lori Calvasina of RBC Capital Markets and Warren Pies of |
| 0:57.0 | 314 research. |
| 0:58.4 | Great to have you both here. |
| 0:59.9 | Warren, I'm going to, I'm going to start with you. |
| 1:01.4 | The fact that we saw such a stark reversal here in the last hour of trading, I'm going to start with you. The fact that we saw such a stark reversal here |
| 1:03.6 | in the last hour of trading, I mean, at 3 o'clock |
... |
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