The S&P at 5,000, AI (& Super Bowl) Chips, & President Biden’s Rebuttal 02/09/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 9 February 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden spoke to reporters yesterday, rebutting claims made in Special Counsel Robert Hur’s recent report and defending his memory. Axios National Political Correspondent Alex Thompson discusses sentiment in DC and at the White House, as well as the paths forward for the Democratic Party as the country gears up for the 2024 election in just 9 months. The S&P 500 is flirting with a milestone: 5,000. Fairlead Strategies Founder Katie Stockton breaks down the market technicals and trends underlying this big mark for the S&P. Plus, Expedia announced a new CEO in its latest report, and Pinterest is launching a Google app integration. And we’re preparing for the Super Bowl…with chips! OpenAI’s Sam Altman is hoping to raise trillions of dollars for the semiconductor kind of chips, and Joe Kernen, Andrew Ross Sorkin, and Melissa Lee have their appetites on the other kind of chips. Alex Thompson - 15:19 Katie Stockton - 31:08 In this episode: Alex Thompson, @AlexThomp Katie Stockton, @StocktonKatie Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Hi, I'm C. NBC producer Katie Kramer, today on Squack Pod.
0:08.0	Who are you bringing in?
0:09.6	I don't know who you're bringing in.
0:10.8	Who do you want to bring in?
0:11.6	I would bring in anyone normal. A striking national
0:14.6	address from President Biden defending his age and his memory.
0:18.3	I'm a qualified person in this country be president of the United States and
0:22.0	finished a job I started.
0:23.6	The events and the election in nine months, Alex Thompson of Axios joins us.
0:28.2	No Democrat I talked to felt that he did himself any favors.
0:32.4	The stock market rallying,
0:33.8	thanks to America's largest companies,
0:35.7	the S&P 500 flirts with a key milestone.
0:38.5	Why that should matter to you with technician Katie Stockton.
0:41.7	4,000 kind of blew right through that.
0:43.9	3,000 did the same.
0:45.2	So I don't think it's a really big threshold except psychologically.
0:49.6	Plus big investments in chips, the semiconductor kind.
0:53.2	We don't have five to seven, do we?
0:55.8	No.
0:56.8	Nothing close.
0:57.8	Nope.
	...

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