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Closing Bell
Closing Bell Overtime 7/19/24
Jul 19, 2024
Financial experts Scott Wapner, Jon Fortt, Morgan Brennan, and Michael Santoli discuss market movements, cybersecurity threats, stock performances, and the impact of an IT outage. They cover topics like inflation, pricing strategies, and strategies for companies facing investor pressure, providing insights into the current economic landscape.
42:29
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Quick takeaways
- Tech system fragility necessitates contingency plans and redundancy post-global IT outage.
- Starbucks tackle declining sales with activist investor intervention for store improvements and operational efficiency.
Deep dives
IT Outage Impact and Importance of Resilience in Technology
The recent global IT outage caused by a buggy content update highlights the fragility of tech systems, necessitating the need for contingency plans and redundancy. Despite advancements in technology like AI, the threat of cyber attacks and incidents remains prevalent. Companies like PagerDuty emphasize the importance of quick response, orchestration of information, and implementing lessons learned to prevent future incidents.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode