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Closing Bell

Closing Bell Overtime: Palantir CEO & L3Harris CEO On New Partnership, Defending America and Its Allies; Compass CEO On Housing Market 10/24/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 24 October 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

Morgan sits down with Palantir CEO Alex Karp and L3Harris CEO Chris Kubasik to talk the strategic partnership announced between the two firms, advancing AI in the military and defending America and its allies around the world. Compass CEO Robert Reffkin on the surge in new home sales and mortgage rates. Plus, digging into Tesla’s best day in over a decade.

Transcript

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0:00.0

Well, that bell marks the end of regulation.

0:02.8

Bemo ringing the closing bell at the New York Stock Exchange, Black Rock,

0:05.8

doing the honors at the NASDAQ and Tesla provided a turbo boost to the S&P 500,

0:10.8

and especially the NASDAQ today, but it was a more mixed picture beneath the

0:14.6

surface with most S&P sectors finishing in the red and the Dow lower as well.

0:19.4

That's a scorecard on Wall Street, but winners stay late.

0:21.6

Welcome to Closing Bell overtime.

0:22.9

I'm John Fort with Morgan Brennan.

0:24.5

Well, coming up this hour, an exclusive interview

0:26.9

with Palantier CEO Alex Karp and L3 Harris,

0:29.5

CEO Chris Kubesic, as the company's team up

0:32.2

and a new partnership centered around

0:34.0

defense tech and intelligence. And also a head earnings from L3 Harris along with

0:38.9

Western Digital Capital One, Decker's Outdoor, DexCom, and more.

0:42.8

But first, let's get to our market panel.

0:45.2

Ariel Investments, Vice Chairman, Charlie Bibrinskoy,

0:49.0

and B&Y Investments,

0:51.0

head of Investment Analysis, Jake Jolly, guys welcome.

0:55.0

Jake, you think from here that there's a relatively low risk of entering a bare market,

1:00.9

but it sounds like you also think stocks are in a real shift now from

1:04.5

worrying about the Fed to focusing on earnings growth if they're going to go higher.

1:08.9

We do, yeah I think you know the next few weeks are going to be a bit tricky for obvious reasons.

...

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