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Closing Bell

Closing Bell Overtime: Former World Bank CIO On Geopolitical Risks; Adobe CEO On New Generative AI Offerings 10/10/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 10 October 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Third straight day of gains for the major averages. Janus Henderson’s Matt Person and Macquarie’s Thierry Wizman break down the market action and the fall in yields. Adobe CEO Shantanu Narayen on the company’s newest round of generative AI models and how enterprise customers are using them. RockCreek CEO and former World Bank CIO Afsaneh Beschloss on geopolitical risks to the market. Plus, Energy Fuels CEO Mark Chalmers on navigating global tensions while mining and refining rare earths and a first look at the Birkenstock IPO price with former Target Vice Chairman Gerald Storch.

Transcript

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0:00.0

Docks extending their rally as investors shrug off geopolitical risks and yields fall

0:05.1

at least in part on FedSpeak that is the scorecard on Wall Street but the action is just

0:09.0

getting started. Welcome to Closing Bell overtime I'm Morgan Brennan with John Fort, who joins today from Washington,

0:15.3

D.C. coming up this hour.

0:17.0

We will talk to former World Bank Chief Investment Officer turned Investment Firm,

0:21.2

founder of Sani Bachelossoss about the geopolitical risks facing investors

0:25.8

as the crisis unfolds in the Middle East.

0:28.1

Plus an exclusive interview with Adobe CEO Shantu Narayan

0:31.2

from Adobe's Max Conference in Los Angeles.

0:33.8

We'll talk about how creators are using the company's

0:36.6

brand new AI tools, and we are waiting

0:39.5

for the other shoe to drop, literally,

0:41.6

as Birkenstock could price its IPO at any moment. We'll

0:45.2

keep you posted on the latest details. We begin with the market and more

0:49.8

strength following Monday's turnaround the Bond Market reopening today with a sharp move

0:53.8

lower for Treasury yields that's boosting equities with every sector seeing

0:58.1

gains except energy led by utilities materials consumer discretionary

1:02.1

see senior markets commentator Mike Santoli utilities materials consumer consumer discretionary.

1:02.5

So, see senior market's commentator Mike Santoli

1:04.9

joins us now, Mike.

1:06.7

Yeah, John, so reversals across the board.

1:08.7

You mentioned some of those real beaten up groups

...

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