meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: Jon Sits Down With Famed Activist Investor Jeff Ubben; How Weight Loss Drugs Will Impact Every Sector 10/5/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 5 October 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Averages closed mostly lower but well off worst levels. 3Fourteen Reseach’s Warren Pies breaks down the market action and where stocks go from here. Earnings and a read on the consumer from Levi Strauss, plus reaction to the numbers from Neuberger Berman analyst Kevin McCarthy. Jon Fortt sits down with hedge fund legend and activist investor Jeff Ubben to talk Fairlead’s Katie Stockton takes stock on the technical picture of her favorite sector. Cowen’s Michael Nedelcovych on how weight loss drugs could impact a wide range of industries and stocks.

Transcript

Click on a timestamp to play from that location

0:00.0

Well, stocks ending fractionally lower, but pairing the worst of the losses in today's trading,

0:05.2

even as Treasury yields edged a little bit lower themselves.

0:08.1

That is the scorecard on Wall Street.

0:09.5

The action, though, is just getting started.

0:11.1

Welcome to Closing Bell overtime. I'm Morgan Brennan at John Fort. We'll join us. is just a

0:13.0

Morgan Brennan at John Fort. We'll join us in just a moment with

0:16.2

highlights from his conversation with hedge fund founder Jeff

0:19.8

Aben from Inclusive Capital Partners and also ahead this hour Katie Stockton from from inclusive capital partners.

0:22.7

And also ahead this hour, Katie Stockton from Fairleaf strategies breaks down the key levels

0:27.6

to watch in the S&P 500 following the latest bout of volatility and the parts of the market that are

0:34.0

starting to look oversold. Plus we'll get a read on consumer demand when

0:38.1

Levi reports results. We'll bring you those numbers as soon as they cross. We begin though with breaking

0:44.3

news on Elon Musk. Contessa Brewer has the details, Contessa.

0:47.8

Morgan the SEC is suing Musk because they subpoenaed him in September to show up in court in San Francisco

0:55.0

to talk about his Twitter deal and he didn't show up.

0:58.8

And so he was supposed to provide agreed upon testimony, they say say and he didn't show up and so

1:05.1

they have sued him in San Francisco federal court to enforce that subpoena that's

1:09.5

the news.

1:10.5

Okay I mean we know musk doesn't have a particularly good history with the SEC, I think back to the

1:17.2

tweet and what happened with regulators there.

1:19.8

I mean, any sort of sense or detail around what specifically this could involve with Musk

1:26.6

and Twitter?

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.