Closing Bell: Overtime: MicroStrategy’s Saylor On Bitcoin Surge; Masimo CEO On Apple Patent Dispute 12/18/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 18 December 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

High-profile interviews with CEOs of Cleveland-Cliffs on why he’s happy to not buy IS Steel and Masimo CEO on Apple’s decision to pause some Apple Watch sales amid Masimo’s patent dispute with the tech giant. Plus, MicroStrategy’s Michael Saylor on Bitcoin’s surge and why he’s still bullish for more upside. Market talk with John Hancock’s Emily Roland and Wells Fargo’s Darrell Cronk. TD Cowen President Jeff Solomon gives his outlook and predictions for 2024. Former KC Fed President Thomas Hoenig parses recent Fedspeak and the market’s reaction.

Transcript

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0:00.0	There's your scorecard on Wall Street downs down. Oh well no everything's up.
0:08.2	Welcome to the closing bell overtime. Winters stay late. I'm John Fort with
0:12.3	Morgan Brennan.
0:13.0	We have got a big show coming your way. In just a moment, we're going to talk to the CEO of
0:16.7	Cleveland Cliffs about the deal news of the day as US Steel agrees to sell to Japan's Nippon steel. Remember Cleveland Cliffs kicked off the
0:26.1	bidding for US steel back in August with a 7.3 billion dollar offer.
0:30.0	Plus Apple says it's pausing sales of some of its smart watches the Apple watch
0:34.8	after an import ban on those devices was set to take effect next week following a
0:40.0	patent win by med tech company Massimo. Massimo's CEO is back with us on
0:43.9	overtime on his win and Apple's consequences.
0:46.7	And micro strategy co-founder Michael Saylor will join us to talk about
0:51.0	Bitcoin's major rally over the last two months which has pushed prices
0:54.7	firmly above $40,000 for Bitcoin.
0:58.7	Now let's begin with the market as stocks come off seven straight weeks of gains.
1:03.5	Big tech pushing the S&P 500 in the NASDAQ higher today
1:06.3	with solid gains from Meta, Alphabet, and Amazon.
1:09.2	Joining us now are Emily Rowland from John Hancock Investment
1:12.3	Management and
1:12.8	Darrell Kronk from Los Fargo's Wealth and Investment Management.
1:17.5	Okay, so Emily how do you read the market to start this week last push the end of the year.
1:25.0	There haven't been a lot of sellers showing up.
1:28.0	What do you think about what investors should do here?
	...

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