Closing Bell Overtime: Michael Dell on ‘Invest in America’; Pure Storage CEO on AI Demand 12/2/25

Closing Bell

CNBC

News, Business

4.8 • 118 Ratings

🗓️ 2 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Michael Dell joins from the White House first on CNBC after pledging over $6B to partially fund investment accounts for 25 million American children. He also discusses the broader AI trade and demand. Argent Capital’s Jed Ellerbroek and Innovator ETFs Tim Urbanowicz break down today’s market action. Pure Storage CEO Charles Giancarlo joins after earnings—the stock fell in Overtime but he makes the case for strong demand. Jefferies analyst Sheila Kahyaoglu on Boeing best day since April and if the bottom if in for the stock.

Transcript

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0:00.0	Let bell marks the interregulation.
0:05.0	United Way, ringing the closing bell at the New York Stock Exchange.
0:07.0	SEC Chairman Paul Atkins doing the honors at the NASDAQ and stocks are higher across the board.
0:13.0	The Dow gaining about 200 points, the S&P 500 gaining about a 30 percent.
0:17.0	The NASDAQ up about twice that.
0:20.0	Boeing contributing more than 100 points to the Dow's games.
0:22.9	Positive comments from the CFO at a presentation today.
0:26.2	We got more on that coming up, and that helped lead the industrials.
0:29.6	Tech also one of the top performers, materials and energy, the lagging sectors.
0:34.3	Bitcoin bouncing back today, back above 90,000, and that is the scorecard on Wall Street,
0:39.3	but winners stay late. Welcome to closing bell overtime. I'm John Ford. Coming up, the president
0:43.5	planning to give every child a thousand dollars at birth, at least children born within a certain
0:48.9	window, and that's to be invested in the market. Michael Dell and his wife, Susan, pledging more
0:52.7	than $6 billion to help fund those so-called Trump accounts. We're going to talk to Michael Dell and his wife Susan pledging more than $6 billion to help fund those so-called
0:55.7	Trump accounts. We're going to talk to Michael Dell about his donation, and we've got a busy slate of earnings today.
1:01.6	American Eagle, CrowdStrike, Marvell, and Vox all due out. We'll also get results from pure storage
1:06.6	and talk to the CEO before his conference call with analysts. But now let's begin with today's stock market gains and get to Sima Modi.
1:14.2	Seema.
1:14.8	Hey, John, if we focus on tech, the sector in general pulling through despite reports of OpenAI
1:20.2	CEO, Sam Altman sending a memo to his staffers outlining a code red effort to improve
1:25.0	chat GPT amid heightened competition from Google's Gemini.
1:28.8	This, as Amazon released a new AI chip, that stock trading higher fracturally on the day,
	...

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