Closing Bell Overtime: Former Palo Alto CEO On Earnings; Globalfoundries CEO On Chips Act Allotment 2/20/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 20 February 2024
⏱️ 47 minutes
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| 0:00.0 | Well stocks falling today as we start the holiday shortened week in the red extending Fridays |
| 0:09.5 | losses big tech the biggest culprit. |
| 0:12.5 | That's the square car in Wall Street, |
| 0:13.7 | but the action is just getting started. |
| 0:15.4 | Welcome to Closing Bell overtime. |
| 0:16.7 | I'm Morgan Brennan with John Fort. |
| 0:18.8 | Coming up, we've got a big hour of earnings ahead. |
| 0:21.4 | Palo Alto, Caesars, Diamondback Energy, Toll Brothers, and |
| 0:25.0 | more are all gearing up to report. |
| 0:27.2 | We will bring you those numbers and instant analysis. |
| 0:29.8 | Plus we're going to hear from the CEO of Global Foundries following the news that his company is going to receive |
| 0:34.0 | one and a half billion dollars from the Biden administration to expand US production. |
| 0:38.7 | You'll join us exclusively later on on the show. |
| 0:41.8 | As we await those earnings, let's get to today's action with our first guest. |
| 0:45.5 | Joining us now is Vital Knowledge Founder Adam Chrisifoulli. |
| 0:48.2 | Adam, it's great to have you on. |
| 0:50.6 | It was an interesting day for the markets because very risk off. |
| 0:54.0 | Nonetheless, Consumer Stapels was the one S&P sector that finished higher in the green, |
| 0:59.1 | largely because some of the retail earnings we got this morning with Walmart. |
| 1:03.3 | What is the read through there? |
| 1:04.8 | How does that set us up for more earnings in this hour and through the rest of the week? |
| 1:10.1 | Yeah, so you saw a bias today towards kind of value groups, so Staples being a big one, |
... |
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