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

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.

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

Read the full transcript

The candid version is on a podcast,
not the earnings call.

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

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.