Closing Bell Overtime: Juniper CEO On AI-Native Networking; Klarna CEO On The Credit Health Of The Consumer; What The Options Market Is Saying About Big Tech Earnings 1/29/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 29 January 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

We get you set for a monster week of earnings from Big Tech companies. But before that, it was another record close for the S&P 500. Wells Fargo’s Scott Wren and Truist’s Keith Lerner break down positioning heading into this critical week. Earnings from F5 Networks, Super Micro, Cleveland-Cliffs, Nucor and Whirlpool. Juniper Networks CEO Rami Rahim on the company’s new AI-native networking platform. RBC’s Amy Wu Silverman on what the options market is predicting about big tech earnings. Klarna CEO Sebastian Siemiatkowski on the health of the consumer. Goldman’s Eric Sheridan previews big tech.

Transcript

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0:00.0	Well, a late day rally sending the S&P 500 to another record closed above 4900 to kick off what will be the most
0:08.0	eventful week of 2024. Thus far, that is the scorecard on Wall Street for the action is just getting started
0:14.3	welcome to closing bell overtime I'm Morgan Brennan in Washington DC along with
0:18.4	John Ford at CMC headquarters you're in my yeah, and today consumer discretionary com services
0:24.3	and tech driving the benchmark index to a new high. The Nasdaq 100 also at
0:29.0	record. Investors now awaiting earnings from F5 networks,
0:32.8	Super Microcomputer, Cleveland Cliffs, New Corps,
0:35.3	and Whirlpool.
0:36.8	We will break down all of those results
0:38.9	as soon as they are released.
0:40.1	Plus, the CEO of Juniper Networks
0:41.8	on the launch of its AI Native networking platform,
0:44.4	no doubt a big part of Hewlett Packard Enterprises, 14 billion dollar acquisition
0:49.4	bid for his company.
0:50.8	But first, let's get more on this record close
0:53.4	Mike Santoli back with us from the New York Stock Exchange Mike and when I look at
0:57.9	what's moving sure Microsoft and Amazon both up near a percent and a half today but so far this year super micro
1:05.2	invidia juniper am d all up more than 20% super micro reporting after
1:11.3	pre-announcing today.
1:14.3	It's tech and it's big companies.
1:16.7	I thought we were off this.
1:18.6	Well, I actually agree with you.
	...

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