Closing Bell Overtime: Thomas Peterffy On The (Lack Of) Market Volatility; Oscar Health CEO On Weight Loss Drug Demand 11/7/23

Closing Bell

CNBC

Business, News

4.4 • 141 Ratings

🗓️ 7 November 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Major averages notched another positive session. Vital Knowledge’s Adam Crisfulli on the market action. Earnings from Gilead, eBay, Robinhood, Lucid, Rivian, Cava and Klaviyo. Mizuho’s Dan Dolev on Robinhood and Toast’s quarter. Interactive Broker’s Thomas Peterffy on market volatility and elevated rates impact on trading. CNH Industrial had a rough day; CEO Scott Wine on the softness the company is seeing in the global economy. Oscar Health CEO Mark Bertolini talks the company’s strong quarter and what’s ahead for the ACA and health insurance because of rising rates.

Transcript

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0:00.0	Longest Wind Street for the S&P in two years as well as major averages eked out
0:05.8	games that is the scorecard on Wall Street today but the action is just
0:09.2	getting started. Welcome to Closing Bell overtime. I'm Morgan Brennan.
0:12.8	John Fort is off today ahead on today's show
0:15.7	and we have got a big one.
0:16.8	Key reads on EVs, e-commerce and eating.
0:19.7	When we get results from Rivian, Lucid, eBay, Kava, and Robin Hood, among others, will bring
0:25.6	you all of the numbers as soon as they cross. Plus, we will speak with two CEOs whose stocks
0:30.9	are moving in the opposite directions.
0:32.9	On the back of earnings, the head of heavy equipment
0:35.7	maker, CNH, which sank today in trading,
0:38.8	and the CEO of Oscar Health, which got a healthy boost.
0:42.2	And interactive brokers chairman Thomas Fed Petter Ppetrophy,
0:45.0	will discuss how his customers are navigating this up and down market.
0:50.0	As we await those earnings, let's talk about today's market action. Stocks digging out of an
0:55.3	early hole adding to big gains on the month, the Dow and S&P 500 notching seven day
1:00.0	wind streaks. This is the longest for the S&P 500 since 2021 as we mentioned
1:04.6	just a few moments ago. The NASDAQ outperforming today logging its eighth
1:08.0	winning day in a row.
1:09.0	C. M. C. C. C. Senior Markets commentator Mike Santoli joins us from the New York Stock Exchange to break this down.
1:15.4	Mike, the fact that we continue to, it's not the rally we saw last week, but the fact that we do continue
1:21.8	to end in the green here how key is
	...

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