What's At Stake for the Markets, Palantir Soars on AI Demand 11/05/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 5 November 2024
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | It's Jim Kramer here. You're listening to the opening bell of CBC's squawk on the street. |
| 0:04.7 | Don't miss a minute of the action. |
| 0:13.0 | It is Election Day in America, millions lining up across the country to choose the 47th president of the United States. |
| 0:20.4 | 80 million have already voted. Much at |
| 0:23.1 | stake, polls suggesting the race remains extremely close. Good Tuesday morning. Welcome to Squawk |
| 0:28.9 | on the street. I'm Carl Kintanee with Jim Kramer, David Faber, post nine of the New York Stock |
| 0:32.2 | Exchange. Future is pretty steady coming off three out of four down days for the S&P. Our roadmap is going to begin, |
| 0:39.3 | of course, with the election waiting game. Voting's underway, markets remain steady ahead of the |
| 0:43.4 | open. Plus the AI surge, Palantir shares. They're rallying sharply after delivering a rosy outlook, |
| 0:50.8 | his CEO, saying the company sees, quote, unrelenting demand. |
| 0:55.0 | Oh, so he's so much. He's too much. And Bowen Machinists are set to return to work this |
| 0:59.3 | after ending a bitter seven-week strike. They approved a new labor contract. The pay raise over |
| 1:04.3 | four years, 38%. Let's begin with Election Day in the markets. Nice little stat to start the day, Jim. |
| 1:11.2 | Stocks have closed higher last five presidential election days. |
| 1:14.5 | I thought that was a great stat. I was trying to figure out, is it dispositive given the fact that we have, I would say, an unusual election. |
| 1:23.4 | Usually unusual antipathy, David, not a congratulations among them, not a, how are you doing? |
| 1:31.3 | Just basically one candidate attacking one, another. |
| 1:35.5 | And I think that the story is. |
| 1:37.1 | Well, one not talking about the other directly, and then the other, obviously. |
| 1:40.5 | I mean, for example, Vice President nominee |
| 1:45.5 | Vance yesterday |
| 1:47.4 | called |
... |
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