meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: Shift4's Jared Isaacman on Earnings, Space Policy Under Trump; Ares Top Private Market Ideas 11/12/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 12 November 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Stocks had their first down day since the election as investors took a breather and Treasury yields rose. Earnings Instacart, Skyworks, Cava, Flutter. Top analyst, Mark Mahaney of Evercore ISI, takes a deep dive on Spotify earnings and why he likes the company. Ares Global Head of Wealth Management Raj Dhanda on top opportunities in private markets and how to allocate under Trump 2.0. Shift4 Payments founder and CEO Jared Isaacman on earnings, the consumer and space policy.

Transcript

Click on a timestamp to play from that location

0:00.0

That's the end of regulation. State Street Global Advisors and the World Gold Council ringing the closing bell at the New York Stock Exchange in Salette doing the honors at the NASDAQ.

0:09.7

While the recent rally taking a pause, at least for today, as the S&P 500 ends in the red for the first time since the election a week ago, that's the scorecard on Wall Street, but the action is just getting started.

0:21.8

Closing, welcome to Closing Bell overtime. I'm Morgan Brennan with John Ford, who joins us from

0:26.5

Washington, D.C. Yeah, a little light off the dome, but not mine. Well, the Dow and the Russell

0:31.8

2000, the big underperformers today as treasury yields keep heading higher, and now investors are

0:37.4

awaiting earnings from

0:38.4

several big names including Spotify, Skyworks, Instacart, Kava, and Flutter, and will have instant

0:44.6

analysis, of course, of all those results. Plus, shift four payments founder and CEO Jared

0:49.6

Isaacman breaks down his company's disappointing quarterly results and how fintech will fare under

0:55.3

President-elect Trump.

0:57.8

Well, let's get to the market panel wide, don't we?

1:00.9

Vital Knowledge founder Adam Chris Foley and Wilmington Trust, head of investment strategy

1:05.1

and CNBC contributor, Megan Schu.

1:07.8

Welcome to both of you, Megan.

1:09.3

So the major indices mostly lower. A lot of people

1:14.6

wondering what a second Trump administration is going to bring for equities. You say there are

1:21.7

puts and takes. It's unclear, but I wonder particularly what your take is on big tech, because whether it's

1:28.7

Nvidia and the likely China export restrictions that we're going to continue to see,

1:35.3

whether it's Apple, Amazon, Google, that have at times been in a president Trump's crosshairs.

1:43.5

It looks like it could be iffy no um yeah i think you

1:48.0

are really describing the dynamic that we have been focused on which is that a trump 2.0

1:54.6

economy is probably one you know our overarching message is one of wider distribution of

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.