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Closing Bell

Closing Bell Overtime: Microsoft & Meta Report Earnings; Coinbase CEO On Earnings, Election 10/30/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 30 October 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Tech heavyweights Microsoft and Meta reported their latest numbers. We have you covered with instant analysis and reaction from Wedbush’s Dan Ives and Roth MKM’s Rohit Kulkarni. Coinbase Co-Founder & CEO Brian Armstrong talks about his company’s latest quarter and the broader crypto industry’s efforts ahead of the election. Plus, Doordash CFO talks reaching GAAP profitability for the first time.

Transcript

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0:00.0

Cardlittics doing the honors at the NASDAQ's

0:02.6

well cross currents in the market netting out to a slightly lower finish

0:05.8

with the NASDAQ seeing some pressure in the final minutes

0:08.1

as attention now turns to a slew of major earnings coming in just a few moments.

0:13.8

That is the score caught on Wall Street,

0:15.2

but winter, stay late.

0:16.2

Welcome to Closim Bell overtime.

0:17.3

I'm John Fort with Morgan Brennan.

0:19.0

Well, it's another crucially important hour of earnings season

0:21.4

with results coming from Microsoft, Meta, Coinbase, Door Dash, Starbucks and many more.

0:27.3

We will bring you all the breaking headlines plus an exclusive interview with the

0:30.4

CEO of Coinbase ahead of his earnings call and a first on CMBC conversation

0:36.1

with the chief financial officer of Doordash

0:38.4

before he talks to analysts.

0:40.3

As we await those earnings,

0:41.6

let's bring in BDA Capital Partners, Barbara,

0:45.2

we got Meta and Microsoft two huge ones coming just momentarily. What in

0:51.1

particular whether it's the spending on AI or the results of AI for

0:56.2

meta in things like Reels and for Microsoft and things like percentage of

1:00.7

Azure are going to be most important here.

1:04.0

Well, I think there's two different things going on because I think with Meta,

1:08.0

investors have seen they are doing a very good job in monetizing and improving their engagement using AI. They are way ahead of the

...

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