Markets balance geopolitical uncertainty, rising anticipation around SpaceX and another busy stretch of earnings. Malcolm Ethridge, Managing Partner at Capital Area Planning Group, explains what investors should expect next as markets prepare for one of the biggest events in years. Pierre Ferragu of New Street initiates coverage on SpaceX and discusses the company&#x27;s valuation, growth prospects and place in the market. Adobe earnings take center stage as Brian Schwartz of Oppenheimer reacts to the results and what they mean for enterprise software spending and AI adoption. Our Julia Boorstin examines why Disney emerged as a major winner from the NBA and NHL Finals and what that means for sports rights and media economics. Former Nasdaq CEO Bob Greifeld discusses what could become the largest IPO in history, how investors may respond and whether markets can absorb a deal of this size. Lennar earnings also provide a fresh read on housing demand. Elizabeth Burton, Chief Strategist at Fortress Investment Group, analyzes what recent capital raising by Oracle, Alphabet and other technology companies reveals about the state of credit markets and private equity.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Closing Bell Overtime: Markets Brace for a Historic IPO 6/11/26

Closing Bell

# Full Transcript

**Podcast:** Closing Bell

## Participants

- **Carl Quintanilla** (None)
- **Malcolm Etheridge** (Capital Area Planning Group)
- **Seema Modi** (CNBC)
- **Pippa Stevens** (CNBC)
- **Rick Santelli** (CNBC)
- **Pierre Faragou** (New Street)
- **Brian Schwartz** (Oppenheimer)
- **Julia Boorstin** (CNBC)
- **Emily Wilkins** (CNBC)
- **Elizabeth Burton** (Fortress Investment Group)
- **Mackenzie Sigalos** (CNBC)
- **Bob Greifeld** (Cornerstone/CNBC)

## Transcript

Thanks, Scott. The bell is bringing an end to the trading day at the NYSE. It's Intersis ringing the closing bell at the Nasdaq Parabolus Medicines, which went public yesterday, doing the honors. Welcome to Closing Bell Overtime live from Studio B at the Nasdaq MarketSide. I'm Carl Quintanilla. Melissa Lee and Mike Santoli are off today. Stocks jumping big time this afternoon after the president cancels those threatened strikes against Iran. Dow up 900 points, S&P 500 higher, almost 2%.

NASDAQ up 2.5%, Russell 2000 gaining more than 3%. Our reporters are all over every angle of this story. Megan Casella from Washington, Seema Modi on the stock market reaction, big move lower in oil today. Pippa Stevens has that, and Rick Santelli covering bonds. Let's begin with the news that drove the day's action. Megan Casella with the latest from Washington. Hey, Megan. Carl, President Trump says now that a deal is in hand or is close with the Iranians to end this war,

and that he's canceling those strikes against Iran that were planned for tonight because of it. Take a listen to some of what the president just said a few moments ago in the Oval Office. We just made a great settlement of the war with Iran, and we're going to be subject to finalization of documents. We should get done over the next few days. We probably have a signing maybe in Europe, and it's a great thing.

The stock market's up 1,000 points. That means they like the deal. See, that means if the market goes down, that means they don't like the deal. But it's been up. Oil's dropped. Oil will start coming down to, I think, even lower than it was before. Carl, the president is still speaking to reporters right now in the Oval Office, so we may well learn more about this in the next few moments. But for now, what we know is that the president says the documents are in pretty final shape.

That's a direct quote. And that the Strait of Hormuz will open as soon as we have it signed, which he says could be very soon, maybe over the weekend in Europe. Now, to be very clear here, this means that nothing is finalized yet, and it's not yet clear that the Israelis in particular have signed on to this agreement. Channel 12 News in Israel citing a senior Israeli official saying that they do not recognize reaching an agreement. And even if everyone does sign on to it, I'll also emphasize, Carl, that we do not yet know anything that's in this agreement.

So, yes, markets have been reacting very strongly today, and we do look close...

Closing Bell Overtime: Markets Brace for a Historic IPO 6/11/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Closing Bell Overtime: Markets Brace for a Historic IPO 6/11/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.