Closing Bell Overtime: Qualcomm CEO Makes His Case For Why It Can Win At PC Chips; Dutch Bros CEO On Secret Sauce Behind Explosive Growth 6/3/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 3 June 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks staged a late-day comeback to close well off session lows to kick off trading in June. Schwab Asset Management CEO Omar Aguilar and Hennion & Walsh’s Kevin Mahn break down client positioning ahead of the summer. Qualcomm CEO Cristiano Amon talks his company’s push into PC chips and why its product can win. Dutch Bros CEO Christine Barone on the consumer and the company’s explosive growth. Plus, T. Rowe Price’s Dominic Rizzo on top picks in the tech sector.

Transcript

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0:00.0	Well, a mixed bag to start the week as investors weigh soft manufacturing data against
0:05.0	enthusiasm about Invidia's new chips.
0:07.8	The Dow closing well off lows after dropping more than 400 points earlier in the day and the
0:13.1	S&P closing a little better than flat feels like a victory.
0:15.8	That is the scorecard on Wall Street but
0:18.0	winter stay late.
0:18.8	Welcome to Closing Bell overtime.
0:19.9	I'm John Fort with Morgan Brennan.
0:21.5	Yeah, some late day buying.
0:22.8	Well, coming up this hour, T Rose Tech Playbook.
0:25.7	We're going to talk to the portfolio manager
0:27.2	of the firm's Global Technology Fund
0:29.6	about the new headlines from NVIDIA
0:31.0	sending that stock higher, and the other names he likes right now.
0:34.3	Plus we're going to hear from Qualcomm CEO about the chipmaker's partnership with
0:37.5	Microsoft and its move into PCs.
0:41.0	And another read on the consumer the CEO of coffee chain Dutch
0:44.0	Bro's will join us right here on set to give her read on the consumer
0:48.4	following downbeat results from Starbucks and McDonald's what they're seeing.
0:52.0	But first let's get to the market action.
0:54.0	The Dow leading the declines today, but staging, as we said, a comeback late in the session.
0:58.0	Most S&P sectors closing lower, with energy getting hit the hardest after oil pulled back and joining us now
	...

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