cover of episode Affirm CEO On Consumer Spending; Rivian CEO On Challenges 11/7/24

Affirm CEO On Consumer Spending; Rivian CEO On Challenges 11/7/24

2024/11/7
logo of podcast Closing Bell

Closing Bell

Chapters

The Fed's decision to cut rates by 25 basis points and its impact on the market are discussed by experts, including the potential for a 'boring' but stable market environment.
  • Fed cuts rates by 25 basis points.
  • Market reacts positively to the Fed's decision.
  • Experts discuss the nuances of the Fed's confidence in inflation and employment trends.

Shownotes Transcript

The S&P 500 and Nasdaq closed at record levels after the Fed cut by 25 basis points. Hightower's Stephanie Link and Jefferies' David Zervos break down what it means for investors. Earnings from Airbnb, Expedia, Block, Pinterest, Rivian, DraftKings, Affirm and Cloudflare. Affirm CEO Max Levchin talks about the latest results, latest trends on consumer growing and its growing number of merchant partners. Rivian CEO RJ Scaringe on why the company is seeing larger losses per car in than a year ago and what's ahead.