Closing Bell Overtime: Stocks Surge To Records After Trump Victory; Palmer Luckey On New Defense Tech 11/06/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 6 November 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow, S&P 500 and Nasdaq all closed at record highs as stocks surged the day after Donald Trump's presidential victory. We break down what the next steps are going to be across the key sectors and for your money. Interactive Brokers' founder Thomas Peterffy talks about investors hoping for less regulation on Wall Street, while longtime tech investor Alan Patricof gives his take on what happens now for Big Tech and M&A. Plus, Anduril founder Palmer Luckey on the growing relationship between Silicon Valley and the Defense Department.

Transcript

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0:00.0	That standard regulation. Boston Scientific bringing the closing belt in New York Stock Exchange,
0:04.3	CVB Financial Corps doing the honors at the NASDAQ. Animal spirits reawakening. Record closes for the Dow,
0:12.0	S&P 500, NASDAQ. Also the Dow transports. We've got a record high for Bitcoin. Investors jockeying
0:18.2	for position after Donald Trump's presidential victory.
0:21.1	That is the scorecard on Wall Street.
0:23.0	But the action's just getting started.
0:24.5	Welcome to closing bell over time.
0:26.0	I'm Morgan Brennan.
0:27.2	John Ford is off today.
0:28.3	We are awaiting breaking news this hour.
0:30.5	As Vice President Kamala Harris is expected to speak any moment at Howard University,
0:34.8	we will bring you those remarks when they start.
0:44.1	And we have got a big lineup to talk about how a second Trump administration will impact your money, including Thomas Petterfee from interactive brokers, and real industries,
0:48.9	founder Palmer Lucky, and Greycroft, co-founder Alan Patrickoff.
0:53.4	Plus, a wave of earnings is on the way,
0:56.7	including Qualcomm, Arm, Wolfspeed, Lyft,
0:59.4	Trip Advisor, and many, many more.
1:02.0	But let's get right to this record setting rally.
1:05.1	Joining me now is Fundstract Global Advisors,
1:07.1	head of research and a CNBC contributor,
1:09.5	Tom Lee.
1:10.2	Tom, it's great to have you on
	...

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