UnitedHealthcare CEO Fatally Shot, UNH Cancels Investor Day. 12/4/24

Squawk on the Street

CNBC

News, Investing, Business

4.1 • 567 Ratings

🗓️ 4 December 2024

⏱️ 46 minutes

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Summary

Carl Quintanilla, Jim Cramer and David Faber discussed the fatal shooting of Brian Thompson, the CEO of UnitedHealth Group's UnitedHealthcare insurance unit. The parent company canceled its investor day upon hearing reports about the shooting, which occurred Wednesday morning in New York City. Also in focus: Salesforce shares surge after AI demand sparked better-than-expected Q3 revenue and Q4 sales guidance, an interview with Richmond Fed President Tom Barkin at the CNBC CFO Council Summit, new milestones for stocks. Squawk on the Street Disclaimer

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0:00.0	Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintania,
0:04.9	on the opening bell hour of CNBC Squawk on the Street.
0:08.7	Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer,
0:12.0	David Faber at Post 9 of the New York Stock Exchange. Stocks take aim at the 56th record high of the year today
0:17.9	after a stellar session for tech earnings last night between
0:21.0	Salesforce, Octa, Pure Storage, Marvell. Powell speaks at Deal Book. We'll get barking in a minute.
0:26.7	Our roadmap, though, begins with CRM. Shares are surging after revenue beats, and the company
0:31.5	highlights its AI growth prospects. Plus, speaking of AI, OpenAI's co-founder and CEO,
0:42.5	yes, Sam Altman, he's set to appear on the stage at Deal Book, will take you there live.
0:46.6	Shows of Eli Lilly getting a weight loss boost.
0:55.8	The company's saying its head-to-head trial found Zepbound, its drug, brings about greater weight loss than Novavanordisks Wagovi.
0:59.5	Let's begin with Salesforce this morning, surging in the pre-market.
1:04.0	The company's current quarter sales forecast and Q3 revenue did beat expectations.
1:09.9	Last night on Mad Money, Bennyoff, told Jim the agent force AI platform is off and running.
1:18.2	We are witnessing the greatest transformation in business in our history.
1:23.3	This is a moment in time that we are seeing the creation of digital labor.
1:26.4	And it's amazing what's happening in Salesforce.
1:29.9	Jim, it's already in 200 deals.
1:34.5	Yeah, look, this is, we only had a week where there was really agent force.
1:35.9	There could be thousands of customers.
1:42.5	This was a remarkable call because what he's basically saying is that we don't have enough workers in the world.
1:43.9	This will take care of it. The digitized workforce,
	...

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