Closing Bell Overtime: Salesforce jumps, Pure Storage sinks, rare interview with Chairman of the Joint Chiefs of Staff 11/29/23

Closing Bell

CNBC

News, Business

4.4 • 141 Ratings

🗓️ 29 November 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks finished the day near the flatline after a up and down session on Wall Street, but individual names saw big swings after-hours on earnings. Analyst Rishi Jaluria gave his first take on Dow component Salesforce after those shares climbed on quarterly results. The CEO of Pure Storage discussed his company’s quarter, with that stock pulling back hard on soft guidance. Plus a rare interview with the new Chairman of the Joint Chiefs of Staff, breaking down the connections between geopolitics and the economy, and a closer look at GM’s push higher.

Transcript

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0:00.0	Well that is your scorecard on Wall Street but winter's
0:03.4	stay late welcome to closing bell overtime I am John Ford at
0:06.0	c. NBC headquarters and I'm Morgan Brennan coming to you today from c.n't
0:10.9	c. n.
0:11.9	The C. F. O. O. C. F. O. O. C. F. O. today from CMBC's CFO Council Summit in Washington, where I spoke with the
0:15.3	chairman of the Joint Chiefs of Staff, CQ Brown, General Brown, in a very
0:20.0	rare interview. His first, in fact, since taking over the role of
0:24.2	chairman his comments on Israel China and Ukraine are all coming up and we got a big
0:28.0	hour of earnings on the way headline by Dow component sales force along with Snowflake, PVH, Nutanics, and Pure Storage, will bring you all the numbers
0:37.4	and an exclusive interview with Pure Storage CEO Charlie Giencalo before he talks to
0:42.1	Wall Street on the earnings call.
0:45.3	But as we await those numbers, let's begin with the market action.
0:48.2	The major average, major average is having an up and down cessenge with small caps outperforming today.
0:53.4	The yields on the 10 year Treasury touching their lowest level since November, actually
0:58.3	finishing down below 4.3 percent.
1:00.4	Let's bring in our market panel.
1:01.9	Joining us now is Barbara Duran of B-8 Capital Partners
1:04.6	and Scott Wren of Wells Fargo Investment Institute.
1:08.0	Good afternoon to you both.
1:09.7	Scott, I'll start with you because you've been cautious on the market and you've talked
1:14.0	about defensive posturing where equities are concerned in general I mean we just
1:19.1	saw a roughly 70 basis point move in the 10 year Treasury yield lower since the end of October.
	...

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