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CNBC's "Fast Money"

Amazon Drops Below $1T, Apple in Focus, as Big Tech Earnings Roll In 10/27/22

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.91.3K Ratings

🗓️ 27 October 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shares of Amazon plunged after the company issued weak guidance for the fourth quarter. Plus Apple, Intel and Pinterest all reporting their latest results. We’ve got the numbers and are bringing you all the trades. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0

Right now in Vass, Amazon, getting crushed, a miss on sales, brutal guidance for the

0:06.4

all-important holiday quarter, inflation and a dollar taking a toll.

0:09.5

The conference called just minutes away.

0:11.5

But Apple, it's holding in there, beating on the top of the bottom lines, coming up

0:14.6

a bit light on iPhone sales and services, can investors breathe a sigh of relief for

0:19.0

this one?

0:20.0

Plus, a major meta-miss calculation, the once mighty social media giant now a shadow

0:24.6

of its former self, it's lost more than a Tesla in a year, and is now smaller than Home

0:29.3

Depot.

0:30.3

Still, Mark Zuckerberg is sticking to his metaverse mantra.

0:32.6

Is this hubris or a courage of conviction?

0:35.2

And later, maybe you can swallow your social tears with a cold bud, quarter pounder, and

0:39.3

then just get on your tractor and ride off into the sunset.

0:42.0

I'm Melissa Lee.

0:43.0

This is Fast Money.

0:44.0

We're live at the Nasak Market site on the desk tonight.

0:45.8

Tim Seymour, Karen Feiner, Dan Nathan, and Guy Adami.

0:49.3

We start off with another big night of earnings, or team reporters standing by with a very

0:52.5

latest, Prasena Park's nevelest dial in to the Intel conference called Julie Borsen,

0:56.8

focused on Pinterest, Big Beat, Steve Kovac, listening on Apple.

0:59.9

We start off with Deirdre Bosa, who's got all the details on Amazon, the stocks dropped

1:04.1

by the way, taking it out of the trillion dollar club at this point in the after-hours.

...

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