Closing Bell Overtime: More Turmoil At OpenAI As Questions Swirl Around Microsoft Partnership 11/20/23
Closing Bell
CNBC
4.4 • 141 Ratings
🗓️ 20 November 2023
⏱️ 45 minutes
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| 0:00.0 | We've got your scorecard on Wall Street there another rally but winter stay late |
| 0:04.2 | welcome to closing bell overtime I am John Ford Morgan Brennan is off today and |
| 0:08.0 | coming up this hour the story shaking the AI world and reverberating all around the tech sphere. |
| 0:14.3 | We're gonna talk about Sam Altman's ouster |
| 0:16.7 | from open AI for now. |
| 0:18.6 | Microsoft's move to hire him |
| 0:20.8 | to lead a new AI research team. If's going to happen. We're going to |
| 0:24.7 | discuss what all of these changes mean for investors in Microsoft which did |
| 0:29.9 | hit record levels today and NVIDIA which also hit a record ahead of tomorrow's earnings. |
| 0:35.0 | Speaking of earnings, more big names are coming this week including Best Buy, Lowe's, and |
| 0:40.0 | dear and today we get one-time pandemic darling Zoom. |
| 0:43.7 | I'm going to bring you those numbers as soon as they cross. |
| 0:46.3 | Let's begin with the market. |
| 0:48.4 | Stocks starting the holiday shortened week with more green on the screen, building |
| 0:52.2 | momentum throughout the session coming off |
| 0:54.4 | three straight weeks of gains the NASDAQ leading the pack after best week since |
| 1:00.4 | June oil getting a boost after four weeks in a row of losses. |
| 1:04.0 | Let's bring in Mike Santoli, CNBC Senior Markets Commentate. |
| 1:08.0 | Mike? |
| 1:09.0 | Yeah, John, I mean the market keeps testing just how deep that reservoir of pessimism was that |
| 1:15.1 | set up this rally. You know we were worried about so many things whether the |
| 1:18.8 | economy could handle yields rising to these levels oil seemed like it had reason to go higher. All those |
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