Banks Rally, Tesla Slips | Bloomberg: The Close 10/11/2024

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Bloomberg News Journalist Emily Graffeo, Mike Santomassimo, Wells Fargo CFO, Macrae Sykes, Gabelli Funds Portfolio Manager, Joanne Hsu, University of Michigan Director: Surveys of Consumers, Jonathan Caplis, Pivotal Path CEO, Dana D'Auria, Envestnet Co-CIO, Daphne Pariser, Heron-AI CEO, Chad Mumm, Pro Shop Holdings Founder & President and Netflix's 'Full Swing' Executive Producer, Ben Lewis, Little Spoon Co-Founder and CEO, Angela Vranich, Little Spoon Co-Founder & CPO, Jason "Jadakiss" Phillips, Kiss Cafe Coffee Founder and Brand Ambassador, and Robert Phillips, Kiss Café Coffee Founder, Commander, & Coffee Maestro.

Chapters:
00:00:01 - The Close Starts Now
00:03:57 - Blackrock Hits $11.5 Trillion in Assets
00:06:46 - Surge in Investment-Banking Fees Offsets Dip In Lender Revenue: Mike Santomassimo, Wells Fargo CFO
00:15:07 - JP Morgan is the Best Bank in the World: David Bahnsen, The Bahnsen Group CIO
00:20:37 - Top Calls: JPM, Wells Fargo, BNY Kick Off Bank Earnings
00:25:46 - Consumers Have Noticed Inflation has Slowed: Joanne Hsu
00:28:52 - Assessing the Election's Impact on the Market, Jonathan Caplis, Pivotal Path CEO
00:34:19 - Stock of the Hour: Tesla's Cybercab Greeted with Skepticism
00:38:59 - Expect October to be Volatile: Dana D'Auria, Envestnet Co-CIO
00:45:50 - Closing Bell
00:59:09 - HeronAI Awarded $1M After Competition Win; Daphne Pariser, CEO
01:05:25 - PGA Tour Backs Golf Media Venture; Chad Mumm
01:11:25 - On This Day: The First In-Flight Meal is Served
01:14:59 - Little Spoon Baby Food Commits to EU Testing Standards
01:22:19 - Jadakiss' Kiss Café Coffee is Grounded in Family History
01:30:47 - What to Watch: Fed Speak, Earnings, MBA Mortgage Applications
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[ChrisDERUNNER]

52:10 Strong BUY. Still early innings. NVIDIA is the dominant leader in AI and the preferred technology partner globally. Even w new competition on the horizon, NVIDIA is far ahead of the competition. 85% market share. 76% margin. Unrivaled demand for new Blackwell chip. Demand far exceeds production for Blackwell through to 2025 and beyond. No competitor has anything close to Blackwell. And forward P/E is about 33 (cheap for a high growth stock). Buy this stock and wait. You will be rewarded

[Seanreall]

“You can come to my house tonight.” Can’t blame bro for trying 🤭

[MrTigerStarX]

7:43 - Wells Fargo steals 100% of the interest from their customers. How can their income be declining?

[gainer]

The October Dip-buying Surging from strong Small Caps AI and EV sector stocks. VHAI..14 % rise. Vocodia holdings. EVGO up 8 % Fri ... Lillium Evtol Jets.. Joby Evtol Jets.. Rivian 2 % climb . Archer Evtol Jets and GOEV Canoo up 4 % ..Frey EV batteries up 6 %..Xos Trucks..Lev.. Lion Electric 2 %.. BBAI Big Bear AI and more.