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Closing Bell

Closing Bell Overtime: Globalstar CEO on Apple Integration Reports; RH, Broadcom, and Costco Earnings 12/12/24

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 12 December 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Today's coverage kicks off with a market panel featuring Barbara Doran of BD8 Capital Partners and Phil Camporeale of J.P. Morgan Asset Management. Earnings highlights include RH, Broadcom, and Costco, with expert analysis from Bernstein’s Stacy Rasgon on Broadcom and DA Davidson’s Michael Baker on Costco. Globalstar CEO Paul Jacobs discusses investor day developments and reports of Apple Watch integration. Our Angelica Peebles reports on Vertex Pharmaceuticals’ non-opioid pain medication and its potential market impact.

Transcript

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0:00.0

That bell marks the end of regulation.

0:02.0

Investco ringing the closing bell to New York Stock Exchange.

0:05.0

Brand new IPO service titan which spiked today in its first day of trading,

0:09.0

doing the honors at the NASDAQ.

0:11.0

And the major averages all pulling back today,

0:14.0

biggest losses for the small caps with the rustled down about a percent in a third.

0:20.0

We also saw it tick higher for yields as new inflation data raises concerns.

0:24.6

That is the scorecard on Wall Street.

0:26.6

But winners stay late.

0:27.6

Welcome to closing about overtime.

0:28.6

I'm John Ford with Morgan Brenner.

0:30.6

We've got key reads on tech and the consumer that are coming this hour when we get breaking earnings from Broadcom,

0:35.6

Costco, and RH.

0:37.6

We'll bring you all of those numbers and instant analysis as soon as they cross.

0:42.5

Plus, Adobe is selling off in a big way on the back of last night's results here in overtime.

0:46.8

We're going to look at how it now stacks up to its software peers.

0:49.8

And shares of satellite communications company Global Star pulling back as the company hosts its investor day,

0:56.3

giving up gains from earlier in the week on reports of a deeper integration with Apple.

1:01.6

But Global Star CEO will join us exclusively to discuss those headlines and more.

1:06.8

Let's get now to our market action with BD8 Capital Partner, CEO, Barbara Duran, and JPMorgan

1:12.8

asset management portfolio manager, Phil Camporelli. Phil, we got a dozen trading days left

1:18.9

roughly in another amazing year for stocks. S&P up 27 plus percent. You are leaning into risk

...

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