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Closing Bell

Closing Bell Overtime: Sundar Pichai On Search; Vivek Ramaswamy On DOGE 12/4/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 4 December 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

Alphabet CEO Sundar Pichai talks how search is going to change in the next year, plus its latest efforts in AI from Dealbook Conference. Morgan sits down with Vivek Ramaswamy at CNBC CFO Council to talk what his plans are for the Department of Government Efficiency. Synopsys CEO Sassine Ghazi on the latest quarter and the macro spending environment. Mirion CEO Tom Logan on partnering with big tech to use its nuclear technology.

Transcript

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0:00.0

Well, that bell marks the end of regulation.

0:04.0

Deggers ringing the closing bell at the New York Stock Exchange.

0:08.0

Robin Hood doing the honors at the NASDAQ.

0:10.0

Stocks storming higher for yet another record closed for the S&P 500 and NASDAQ and the Dow in uncharted territory.

0:18.0

Well, it's charted now as well.

0:20.0

Closing above 45,000 for the very first time.

0:23.3

That is the scorecard on Wall Street, but winners stay late. Welcome to closing bell overtime. I'm

0:27.3

John Fork. Morgan Brennan is at the CNBC CFO Council Summit in Washington, D.C. We're going to hear from her shortly.

0:33.8

Now get ready for some retail and tech earnings from five below, PVH, American Eagle, and Synopsis.

0:39.7

CEO of Synopsis will join us before the call right here on overtime after those numbers

0:44.4

are released.

0:45.2

But now Alphabet CEO Sundar Pichai is speaking at the New York Times Deal Book Summit.

0:50.3

Let's listen in.

0:51.5

I am earlier about AI.

0:53.6

But I wanted to specifically sort of start with you on AI and technology, but maybe in a bit

1:00.0

of a different place.

1:02.0

And I wanted to read you, if I could, a quote from a competitor of yours that I don't think

1:10.0

you're going to love, but I think you'll have a good

1:12.8

answer to, which is your friend Satina Della at Microsoft said that Google should have been

1:22.0

the default winner in the world of big tech's AI race. He said Google's a very competent company. Obviously, they have

1:30.0

both the talent and the compute. They're vertically integrated. They have everything from data

1:34.3

to silicon to models to products and distribution. And I'm so curious, he sort of put down the

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