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Closing Bell

Closing Bell Overtime: Honeywell CEO On AI In Manufacturing & Why EVTOLs Will Change People’s Lives; TransUnion CEO On Delinquency Rates; Reddit’s First Public Report 5/7/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 7 May 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Earnings season continues with EA, Wynn, Lyft, Arista Networks and Rivian – plus Reddit surged in Overtime after reporting its first quarter as a public company. Vital Knowledge’s Adam Crisafulli and JPMorgan’s Phil Camporeale break down the action. Honeywell CEO Vimal Kapur talks the company’s plans for AI and monetizing data, plus the energy transition and why he says he expects EVTOLs to change people’s lives like the iPhone – and by 2028. TransUnion CEO Chris Cartwright on the consumer, credit and delinquency rates.

Transcript

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0:00.0

A tight range for stocks today with the NASDAQ and an ending fractionally lower but the

0:05.6

S&P and Dow both eeking out gains. The Dow in check after a big drop in results for Disney.

0:12.4

That's a scorecard on Wall Street, but the action is just getting started. in check after a big drop in results for Disney.

0:12.5

That's a score card on Wall Street,

0:13.7

but the action is just getting started.

0:14.9

Welcome, the closing bill overtime.

0:16.1

I'm Morgan Brennan with John Ford.

0:17.6

Yeah, and earnings are on the way this hour

0:20.2

from EA Lift, win, Ribion, and Reddit.

0:23.2

That's its first report since going public.

0:25.4

We were going to bring you all of the key numbers

0:27.5

as soon as we have them.

0:28.4

And a rare and exclusive interview

0:30.7

with a CEO of Honeywell on how his company is using AI in industrial applications

0:36.4

and the technology they're working on that he thinks could have an iPhone-like

0:41.1

impact and it's not AI.

0:44.0

As we await the flood of earnings though,

0:45.5

let's bring in our market panel,

0:47.0

Adam Chris Fooli of vital knowledge

0:48.7

and Phil Campriale of J.P.

0:50.2

Morgan Asset Management.

0:51.6

Great to have you both here.

...

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