Closing Bell Overtime: Netflix Earnings, Interactive Brokers Chairman on Results, CEOs Arrive at the White House 1/21/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 21 January 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s a jam-packed hour as earnings kick off in full force. Paul Hickey from Bespoke Investment Group and Mark Mahaney of Evercore ISI kick things off with a deep dive into the earnings landscape, including Netflix, United Airlines, and Capital One. IBKR Chairman Thomas Peterffy on his company’s latest quarter and margin activity, while former NBC Entertainment Co-Chairman Ben Silverman unpacks Netflix’s earnings results and the company’s long-term strategy. Steve Bornstein, former CEO of ESPN, shares his perspective on Netflix's sports ambitions, and high-profile CEOs arrive at the White House for an AI announcement.

Transcript

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0:00.0	That's the end of regulation. Bark ringing the closing bell, the New York Stock Exchange,
0:06.0	monster beverage doing the honors at the NASDAX. Solid gains on the first trading day of the new
0:11.7	Trump administration with nearly every sector higher, though. Apple notably sitting out this rally.
0:17.7	That's the scorecard on Wall Street, but the action is just getting started. Welcome to closing bell overtime. I'm Morgan Brennan with John Ford. Well, after hours
0:24.8	earning season kicking into high gear with results coming from Netflix, United Airlines, Interactive
0:30.1	Brokers, Capital One, Seagate, and more. We will talk to interactive brokers founder Thomas
0:35.5	Petterfee about the numbers before he talks to analysts.
0:38.6	And we'll break down Netflix with former NBC Entertainment Co-Chairman Ben Silverman and former ESPN CEO Steve Bornstein.
0:45.8	Plus, President Trump is expected to unveil a private sector AI infrastructure investment this hour,
0:51.2	alongside SoftBanks Masa San, OpenAI, Sam Altman, and reportedly at
0:55.7	Oracle's Larry Ellison will take you to the White House when that event begins.
1:00.8	But as we await earnings from Netflix, interactive brokers, and more, let's bring in Bespoke
1:04.7	Investment Group co-founder Paul Hickey and Everpore ISI, head of internet research, Mark Mahaney.
1:09.9	Great to have you both here with the S&P finishing up.
1:13.7	It looks like 9 tenths of 1%, 6049 as we settle out here.
1:17.5	So Paul, I'm going to kick off this conversation with you
1:19.5	because the only sector that was in the red today was energy.
1:22.5	We've seen crude oil come off.
1:24.3	We've seen yields come off.
1:26.0	And at least up until maybe the last 24 hours,
1:29.0	we saw the dollar weekend against major currencies, too. That sort of reversed itself a little bit.
1:35.9	I can't, I can't hear. Is somebody talking to us? Hold on. We got some breaking news. United Airlines
	...

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