Closing Bell Overtime: Wave of AI IPOs Coming? Roger Goodell Takes The Stand In Sunday Ticket Trial 6/17/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 17 June 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Pioneering cloud VC Byron Deeter of Bessemer Venture Partners breaks down the recent dramatic moves in software and if he sees an upcoming wave of AI IPOs. Clocktower’s Marko Papic on where he is finding opportunity outside the US while JPMorgan’s David Kelly and US Bank’s Eric Freedman break down equities in the US as the S&P 500 closed at a record. Zelamn & Associates co-founder Ivy Zelman on the state of the housing market and this round of earnings in the sector. Plus, our Julia Boorsitn on today’s testimony of Roger Goodell in the Sunday Ticket antirust lawsuit.

Transcript

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0:00.0	A record day for stocks with the S&P and Natsak closing at new highs, the Dow snapping a four-day losing
0:06.8	streak of its own. That is the scorecard on Wall Street, but the action is just getting
0:10.7	started. Welcome to Closing Bell overtime. I'm Morgan Brennan with John Ford. is just keeps driving
0:13.0	working brennan with John Ford.
0:15.0	And Tech just keeps driving the marketing to uncharted territory,
0:18.0	consumer discretionary and industrial's also big out performers today coming up best summer venture partners
0:24.7	Byron Deeder on where he sees the biggest opportunities to invest in tech and
0:28.9	AI right now.
0:30.3	Plus we are awaiting earnings from Home Builder Lenar and
0:33.8	Zelman and Associates co-founder Ivy
0:36.4	Zellman will be here to break down those results
0:38.9	and what they could mean for K-B-home,
0:41.2	which reports tomorrow.
0:43.2	But first, let's get straight to our market panel,
0:45.9	JPMorgan Asset Management Chief Global Strategist David Kelly,
0:49.3	and US Bank Chief Investment Officer Eric Friedman.
0:53.0	Guys, it's great to have you here.
0:55.1	Strong start to the week here for all the major averages
0:58.7	continues to be risk on Eric, your overweight equities, you're also overweight real assets like
1:05.4	commodities. Why is that the place to be right now in this market?
1:10.2	Morgan, we still think there's, despite a slowing tone of the broader economy, a decent
1:16.0	environment for both consumer spending and business cap-ex to continue.
	...

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