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Closing Bell

Closing Bell Overtime: Qualcomm CEO On New AI Mobile Chip; Glossier CEO On Profitability & 10 Years As A Company 10/21/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 21 October 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Qualcomm CEO Cristiano Amon debuted his company’s new AI mobile chip right before joining to discuss the new chip’s performance, the AI strategy, Intel rumors and more. Glossier CEO Kyle Leahy breaks down her company’s sales, its foray into fragrance and if an IPO could be in the future. Plus, Morgan Stanley Global Chief Economist Seth Carpenter on the latest data the Fed is watching.

Transcript

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0:00.0

That's the end of regulation.

0:02.8

Banko Santander ringing the closing bell at the New York Stock Exchange,

0:06.1

Aspen Technology doing the honors at the Nasdaq.

0:08.6

The stocks finishing mixed, yields moving higher ahead of a huge week of earnings. Tech ending the day

0:14.9

as the only S&P 500 sector in the green that helps power the NASDAQ as well.

0:19.2

That's a scorecard on Wall Street but the action is just getting started.

0:21.8

Welcome to Closing Bell overtime.

0:23.3

I'm Morgan Brennan with John Fort.

0:25.0

And coming up on today's show, a can't miss interview with Qualcomm CEO,

0:28.8

Cristiano Ammon from the sidelines of the company's Snap Dragon Summit in Maui on the company's latest chips and AI strategy.

0:37.0

Plus, a rare and exclusive conversation with the CEO of

0:40.0

Unicorn Beauty Brand glossier on the consumer and if the company plans to go

0:45.0

public and we are awaiting earnings this hour from SAP Zion's bank corp and

0:49.6

new corps we'll bring you those numbers when they cross.

0:52.6

But first let's get to our market panel, Vital Knowledge founder Adam Chrisifouli and Kestra

0:56.4

Investment Management CIO Kara Murphy.

0:58.4

Great to have you both here.

0:59.8

Adam, I'll start with you because it really does feel like we're in the calm before the storm here.

1:05.3

As we know, earnings are going to start to ramp up really in earnest tomorrow.

1:09.2

We don't get a lot of macro data this week.

1:10.9

That changes next week, but we've got perhaps some profit taking

1:15.3

as yields move higher your thoughts on the markets here yeah I think today was

...

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