Closing Bell Overtime: What Nvidia’s New AI Chip Means For Investors; What Both Sides Need From China-U.S. Sideline Talks This Week 11/13/23

Closing Bell

CNBC

Business, News

4.4 • 141 Ratings

🗓️ 13 November 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Markets vacillated throughout the session but ended the day little changed after Friday’s rally. Solus’ Dan Greenhaus and Edward Jones’ Mona Mahajan break down the market action and what how they are recommending clients position their portfolios heading into year-end. Bernstein’s Stacy Rasgon on what investors need to know about Nvidia’s new AI chip, unveiled today. The Blueshirt Group’s Gary Dvorchak will be at the Xi Jinping banquet at this week’s APEC summit; he shares what both sides hope to gain from sideline talks. Janus Henderson’s Global Head of Multi-Asset, Adam Hetts, on where investors can find value right now. Plus, Courtney Reagan looking ahead to a major week of retail earnings and Morgan speaks with Tyson CEO on the changes in consumer behavior he is seeing.

Transcript

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0:00.0	A mixed session for stocks to start the week with the NASDAQ 100 snapping its Monday
0:05.3	winning streak that had dated all the way back to the second quarter.
0:09.1	It finished today fractionally lower.
0:11.3	That's the scored card on Wall Street the action
0:13.0	though is just getting started
0:14.0	welcome to closing about overtime I'm Morgan Brennan back with John Ford and
0:17.6	back to be back with you and ahead on today's show your year end
0:20.7	playbook from an asset manager with a quarter trillion dollars
0:24.1	under management. I'm going to talk to Janice Henderson's head of multi asset
0:27.5	about his best ideas for the rest of 2023. Plus, EV Maker Fisker is
0:32.1	gearing up for earnings with shares off by more than 50% from their
0:35.8	one-year highs. We're going to bring you those numbers as soon as they cross.
0:39.8	And we begin with the market, a more tentative posture on Wall Street today after
0:44.3	Friday's big rally and ahead of tomorrow's key inflation reading in this week's
0:48.8	meeting between Presidents Biden and she.
0:51.8	CMBC's senior markets commentator Toldi joins us now
0:55.0	from the New York Stock Exchange.
0:56.0	Mike, S&P sectors closed about,
0:58.0	split, half positive, half negative,
1:01.0	and we're a week and a half from Retails Super Bowl and a major test of the
1:06.2	consumer how the markets look. Yeah exactly I mean really just hesitating
1:09.8	here John in terms of the S&P 500 right at the top end of its range. I mean even if you
	...

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