Closing Bell Overtime: Keith Rabois On 2024 Election, Chamber of Commerce CEO On Business On The Ballot; Super Micro Troubles 11/05/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 5 November 2024
⏱️ 44 minutes
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| 0:00.0 | Well, that's standard regulation. Gencoe Shipping and Trading Ring. We're closing about the New York Stock Exchange, Oriental Rise, Holding Limited, doing the honors at the NASDAQ. |
| 0:08.2 | Stocks rallying with major averages, keeping up their tradition of gains on a presidential election day. We've got three hours until the first polls closed, just one hour to go until we start getting the initial exit polling data. That is the scorecard on Wall Street, but the action is just getting started. Welcome to closing bell overtime. I'm Morgan Brennan. John Ford is off today. We will be all over the election this hour with the issues that matter most to your money. Coming up, outspoken venture capitalist Keith Rabeoy joins us with his closing thoughts on the race and the impact on tech and investing. |
| 0:40.8 | Plus, Chamber of Commerce CEO Suzanne Clark will be with us to talk about the business issues on the ballot from taxes and tariffs to AI regulation. |
| 0:50.2 | And it's not just election season. |
| 0:53.0 | It's still also earning season. |
| 0:55.3 | We've got some key reports coming this hour, including Super Micro, Devin Energy, Microchip, and AI Darling, recent AI darling, Lumen. |
| 1:04.3 | As we await those earnings, though, let's bring an unlimited CEO Bob Elliott and Vital Knowledge founder, Adam Chris Affouli. |
| 1:10.0 | Guys, great to have you here, especially as we do have large gains for all of the major |
| 1:14.7 | averages. |
| 1:15.7 | Bob, I'm going to start with you how much hinges on this election now and the various |
| 1:21.0 | outcomes we could see in coming days. |
| 1:22.8 | Well, I think we're going to see a lot of market volatility coming through with this election, |
| 1:25.9 | given the divergences and the policy stances from both candidates. |
| 1:29.5 | I think the really interesting question is whether the conventional wisdom that a Republican |
| 1:35.5 | victory and sweep will be beneficial for stocks, given their policy position. |
| 1:41.4 | Some of the indications today with bonds, bond yields coming down a little bit |
| 1:45.4 | and stocks rallying at the same time suggests that maybe people think that split government |
| 1:51.5 | with a Harris administration might actually be better for the economy and stocks than the conventional |
| 1:56.8 | wisdom. Yeah, I've been hearing that in this whole idea of sell bonds. That's part of the |
| 2:01.0 | so-called Trump trade as it's being perceived. Adam, want to get your thoughts on this, especially as |
| 2:06.7 | we do see a stock market that is arguably priced to perfection here. And we have seen some, |
| 2:11.9 | a lot of the volatility tied to the election actually in the bond market. |
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