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Closing Bell

Closing Bell Overtime: Google Earnings Instant Analysis; Chipotle Interim CEO Gives First Interview In Role 10/29/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 29 October 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

The earnings parade rolls on with Google, EA, Visa, Chipotle, Snap, AMD, Reddit and more. We have instant analysis and reaction from Evercore's Mark Mahaney, Bernstein's Stacy Rasgon and DA Davidson's Gil Luria. Plus, Chipotle interim CEO Scott Boatwright gives his first earnings interview in the role to talk his strategy for the company, the latest results and more.

Transcript

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0:00.0

Well that's the end of regulation.

0:03.6

Veralto ringing the closing bell

0:05.0

at the New York Stock Exchange,

0:06.1

State Street Global Advisors doing the honors at the NASDAQ.

0:09.4

And there you have it, a new record closing high for the NASDAQ.

0:13.2

First time we've seen that since July.

0:15.3

With Tech Outperforming as we get set for a wave of MAG-7 earnings.

0:20.0

But the majority of S&P sectors, those finish lower. That's the scorecard on Wall Street, but the action of S&P sectors those finish lower that's the scorecard on Wall Street

0:24.3

but the action's just getting started

0:25.6

welcome to closing bell overtime

0:27.2

i'm morgueen bran and john fort is on assignment today

0:30.0

now it's one of the most consequential hours of earning season with results coming in just moments from alphabet, AMD, Visa, Chipotle, Snap, Reddit, and many, many more.

0:41.6

We will bring you all of the numbers and instant analysis. Plus early

0:45.9

access you will only get on overtime. Chipotle's new interim CEO will join us ahead of

0:51.4

his call with Wall Street as he lays out his strategy

0:54.4

in the post Brian Nickle era.

0:57.2

And as we await all of those earnings, let's bring in Bespoke co-founder Paul Hickey and

1:01.4

Czech capital management managing director Chris

1:04.2

Ballard who is a shareholder of alphabet good afternoon to you both

1:08.2

Paul I will start with you because it was a mixed session for the markets but a new record closing high for the

1:14.8

NASDAQ how does that set us up as we do get hot and heavy with tech earnings

1:18.9

here yes so I mean we sent a report out the clients earlier this morning saying that when you have these periods, these pause periods in the NASDAQ, where it hits a new high, then trades sideways for between three and 12 months without a new high, but then finally gets there.

...

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