Closing Bell Overtime: IAC CEO On Potentially Spinning Off Angi and M&A Opportunities; Insulet CEO On Strong Pump Demand and Expanding In The Type 2 Diabetes Market 11/11/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 11 November 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Dow closed above 44,000 and the S&P 500 closed above 6,000 for the first time as stocks extend their bullish run since the election. Bespoke’s Paul Hickey and Envestnet’s Dana D’Auria break down what could be ahead through year-end. Apollo Global’s Torsten Slok on the Fed’s next move. Insulet CEO Jim Hollingshead on the company seeing strong demand for its insulin pump. IAC CEO Joey Levin on the company’s decision to explore spinning off its ownership in Angi—and what he might do with the cash.

Transcript

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0:00.0	Well, that bell marks the end of regulation.
0:02.0	The United States Marine Corps ringing the closing bell at the New York Stock Exchange to honor Veterans Day.
0:07.0	Thank you to all who have served.
0:09.0	Fresh Pet doing the honors at the NASDAQ and another record day on Wall Street as the Dow closes above 44K for the first time.
0:16.0	The S&P 500 looks like it might close above 6K for the first time.
0:23.0	Looks like it did, but we'll let it settle out.
0:26.1	Ending the day, regardless, an uncharted territory.
0:28.6	That is the scorecard on Wall Street, but winters stay late.
0:31.0	Welcome to closing bell overtime.
0:32.1	I'm John Ford with Morgan Brennan.
0:33.9	Yes, happy Veterans Day.
0:35.1	The small cap Russell 2000 keeps surging as well. And it was a big
0:39.2	outperformer on Wall Street today. So do stocks still have room to run after hitting all of these
0:45.2	new highs? While Apollo's Torsten Sloc is here with a market warning why he says investors are
0:50.0	currently pricing in too many Fed rate cuts. Plus, we will break down a pair of big earnings
0:55.8	from Live Nation and media and entertainment giant IAC. And then IAC CEO, Joey Levin, is going
1:02.4	to discuss those results in an exclusive interview. But first, let's break down today's action
1:07.3	with bespoke co-founder Paul Hickey and InvestNet co-chief investment officer,
1:12.9	Dana Darya.
1:14.1	Good to see both of you.
1:16.6	Paul, you say markets in motion tend to stay in motion unless acted upon by an outside
1:22.6	force.
	...

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