meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: New AWS CEO’s First Interview; Booking Holdings CEO On Busy Holiday Travel Season 7/1/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 1 July 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Matt Garman has been AWS CEO for a month. Jon sits down with him in his first interview since starting the role – he talks AI plans, power needs and capital spending. Booking Holdings CEO Glenn Fogel on the consumer, summer travel demand and global hotspots.

Transcript

Click on a timestamp to play from that location

0:00.0

Well, Stocks struggling for direction as we begin at the third quarter, but the NASDAQ climbing to a new record close.

0:08.0

All the major averages finishing higher driven by a big pop for Tesla.

0:11.6

That's a scorecard on Wall Street, but the action is just

0:13.6

getting started. Welcome to Closing Bell overtime. I'm Morgan Brennan with John Fort.

0:17.0

And we have got a big interview coming your way.

0:19.0

Amazon Web Services CEO Matt Garman joins us in his first interview since taking the job at the beginning of June.

0:25.4

That's a role once held by current Amazon CEO Andy Jassy and part of the business crucial

0:31.7

to Amazon's push above $2 trillion in market cap.

0:34.8

Plus, we will talk to the CEO of booking holdings as we kick off what could be a record

0:40.0

setting week for travel. But first, let's begin with the market action as the

0:44.8

second half of the year gets underway. Let's bring in our market panel Paul

0:48.2

Hickey of Bespoke Investment Group and Bob Dahl of Crossmark Global

0:51.6

Investments. Great to have you both here and as I of Crossmark global investments.

0:52.8

Great to have you both here.

0:54.4

And as I mentioned, the S&P, the NASDAQ,

0:57.8

and the Dow all finished higher,

0:59.6

although the Russell 2000 finished down

1:01.4

about 8 tenths of 1% transport's also lower here too.

1:05.3

Paul, to kick this off with you, I mean a lot of focus right now short term on

1:09.9

seasonality and how strong the first half of July tends to be on an annual basis.

1:15.5

The AI trade continues, we're awaiting earnings, but we also know in an election year,

1:21.1

the stock market tends to be strong in the second half especially of your

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.