Alphabet Sinks After Earnings, and Musk’s Twitter Deal Takes a Step Closer to Closing 10/25/22

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.9 • 1.3K Ratings

🗓️ 25 October 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Alphabet plunging after the tech giant posted advertising revenue at its YouTube unit below expectations. We’re also watching the shares of Microsoft, Texas Instruments, Chipotle, and more. Plus Elon Musk’s equity investors got documents that suggest a deal for Twitter might actually get done by Friday. What the options markets are saying about those odds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Right now in fast the three day winning streak for the major
0:03.0	averages with the S&P and Nas Act up over 5% since last
0:06.0	Thursday. The Dow just a shade less than that, so what is
0:09.0	behind this mini meltup? Can it last? We'll debate that
0:12.0	plus a stealth streaming comeback. Netflix jumping 24%
0:15.0	this month, almost 40% in the last six. An epic rebound.
0:19.0	Now, one of our traders is looking at this colossal
0:21.0	comeback and wondering if Snap can follow in Netflix's
0:24.0	footsteps. And later closing the deal, Elon Musk pledging
0:28.0	to sign on the dotted line and buy Twitter by Friday.
0:30.0	Zell Michael said of the 1980 US hockey team.
0:33.0	Do you believe in miracles? I'm Melissa Lee.
0:36.0	This is fast money. Relive with the Nas Act market
0:38.0	site on the desk tonight, Bono and I son Dan Athe and
0:41.0	Guy Dami and Julie Biel. But we begin with a monster
0:43.0	night for earnings. Texas Instruments spotify Chipotle
0:46.0	Microsoft, Alpha, that all on the move after posting
0:48.0	results. We've got full team coverage, CNBC's Christina
0:51.0	Parks and Eveless, Julia Borson, Pippa Stevens, Steve
0:53.0	Kovac all digging through the numbers. They're dialing
0:56.0	into the calls, but let's get straight to Dibo who will
0:59.0	go inside Alphabet's miss. Diedra.
	...

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