Closing Bell Overtime: Nvidia Facing Possible Antitrust Suits; Morgan Stanley’s Seth Carpenter On Latest Moves From Central Banks 6/6/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 6 June 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nvidia posted a down session after news of antitrust lawsuits against the chip giant being mulled by the government; the stock is splitting 10-1 after close tomorrow. Melius analyst Ben Reitzes breaks down what the flurry of headlines mean for investors. Earnings from Vail Resorts, Docusign and Samsara. Morgan Stanley Global Chief Economist Seth Carpenter on the major moves this week from central banks and what it means for the Fed next week. Plus, Procore CEO Tooey Courtemanche, who heads a construction management software company, on what he is seeing in the labor market and his fellow software sector.

Transcript

Click on a timestamp to play from that location

0:00.0	Well, markets broadly, Invidia specifically taking a break from their record setting push higher, just about bang on even as attention now turns to tomorrow's jobs report.
0:11.4	That's the scorecard on Wall Street, but winners stay late.
0:13.4	Welcome to Closing Bell Overtime, I'm John Fork with Morgan Brennan.
0:16.3	Well, ahead this hour, earnings from software companies DocuSign and Samsara, plus a read on high-end travel from Vale Resource. We're going to bring you
0:25.3	those numbers as soon as they cross. Plus Morgan Stanley's global chief
0:28.9	economist South Carpenter joins us with his prediction for the Fed after the ECB cut rates
0:34.7	this morning ahead of tomorrow's labor data.
0:38.1	And will government regulation put the brakes on NVIDIA's record run?
0:41.5	We're going to talk to one expert
0:43.3	about whether or not reports of an AI crackdown
0:46.5	are making him rethink his bullish thesis.
0:49.9	First though, let's get to today's action, as it is and a pause in the rally ahead of tomorrow's jobs
0:57.4	report.
0:58.4	See there I mean the dial is a bit higher but the S&P and NASDAQ will have to well
1:02.3	the NASDAQ settles immediately so no record there the S&P will see like up a pointish down a pointish I don't know let's bring it on market panel
1:11.2	Barbara Duran of B. D. a B. D.8 Capital Partners
1:13.2	and Megan Shoe of Wilmington Trust.
1:15.5	Good afternoon.
1:17.0	Barb, we're above 5,300 on the S&P, but bumping around here,
1:21.3	caught between excitement that inflation is cooling and
1:24.8	fear that growth is cooling which matters more. Well I think we saw Tuesday
1:30.7	and Wednesday the action was really worries about well maybe
	...

Please login to see the full transcript.

Previous episode | Next episode

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.