Closing Bell Overtime: Nvidia Tops Apple By Market Cap; Billionaire Howard Lutnick On The Fed, The Rally & The 2024 Election 6/5/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 5 June 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nvidia hits a trifecta: closing above $3T market cap, closing above Apple’s market cap and closing at a record high. Bespoke’s Paul Hickey, Truist’s Keith Lerner and our Mike Santoli break down what it means for investors and the market. Billionaire Howard Lutnick talks the market rally, the Fed and more. Telsey Advisory Group CEO Dana Telsey on Lululemon earnings and the broader retail sector. Archer Aviation notched an important FAA win; founder Adam Goldstein on what’s next.

Transcript

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0:00.0	Record highs, record closes for the S&P 500 and the NASDAQ is
0:05.2	NVIDIA hits a record of its own. Passes $3 trillion in market cap. That is the
0:10.2	scorecard on Wall Street, but the action is just getting started.
0:13.0	Welcome to Closing Bill overtime.
0:15.0	I'm Morgan Brennan with John Port.
0:16.0	And coming up this hour, Key Reed's on Retail and the Consumer from Active Wear to
0:20.7	Underwear, Winn Lulu Lemon, 5 5 below and Victoria Seeket report results.
0:24.7	I'm going to break down the numbers
0:25.6	with longtime retail analyst Dana Telsi.
0:28.3	Plus, billionaire businessman and investor,
0:31.4	Cantor Fitzgerald, CEO Howard Lutnik will join us exclusively
0:34.7	with his latest read on the market and the Fed and more.
0:37.8	Yeah and we're going to break down in videos record setting move and the one other
0:42.4	place in the market where you could have seen
0:44.6	similar returns over the past year closed higher than Apple.
0:48.8	Number two behind Microsoft just as of today.
0:51.4	Major.
0:52.4	Well first we begin with the market and the strong rally driven by Invidia by
0:56.9	Services Data, ISM Services Data that might help quell some concerns about economic slowdown
1:01.9	as well.
1:02.6	Joining us is the Spoke Investment Group co-founder Paul Hickey
1:05.8	and truest wealth, co-cio, Keith Lerner.
	...

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