Closing Bell Overtime: SAP CEO On New AI Partnerships; Why Stocks In India Had Worst Day In Years 6/4/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 4 June 2024
⏱️ 43 minutes
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| 0:00.0 | Well, stocks found some support mid-session in a seasaw day for investors, but |
| 0:05.0 | closing off their best levels. That is the scorecard on Wall Street, but |
| 0:08.4 | winter stay late. Welcome to Closing Bell overtime. I'm John Fort. |
| 0:11.2 | Morgan Brennan is on assignment today and we got another big hour of |
| 0:15.3 | earnings coming your way with results from Hewlett Packard Enterprise crowd |
| 0:19.0 | strike and Calvin Kleinparent PVH we can bring you those numbers as soon as we have them |
| 0:24.4 | plus a key read on software, the CEO of 220 billion dollar market cap firm |
| 0:29.8 | SAP Christian Klein, no relation to Calvin, joins us from the sidelines of his company's |
| 0:35.4 | Sapphire Conference with an inside look at Enterprise Spend and Innovation. |
| 0:39.9 | But first, let's get to today's action. |
| 0:42.3 | The major average is closing mostly higher as yields pulled back. |
| 0:46.2 | The 10-year yield firmly below 4.4%. The Russell 2000 getting hit hard though, falling more than 1%. |
| 0:54.7 | Joining us now is Vital Knowledge, |
| 0:56.1 | founder Adam Chrisifouli and H.S.B.C. |
| 0:58.7 | Head of Equity Strategy, Nicole Inoue. |
| 1:01.7 | Welcome to both of you. Adam, what's this with the yield being in check, but the Russell not doing so well? That's not what we're used to. |
| 1:10.0 | Yeah, I think markets are really grappling with, you know, the path forward here where we've had now for the for two days in a row we've had you know |
| 1:18.1 | Economic data that is pointing to a slowdown in growth with the manufacturing I said, |
| 1:22.8 | yes, so you have the jolt support, yes, today. |
| 1:25.6 | And so yields are falling, which is positive for equities, |
| 1:28.6 | but I think now investors are grappling with |
| 1:31.1 | what this means for the outlook on earnings so |
... |
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