: Big Tech Earnings Week Gets Underway with Alphabet and Microsoft 7/26/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 26 July 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The busiest week of Q2 earnings season kicks off with reports from two of the biggest names in tech. We break down the results at get a look at what you should expect from the names still to come. Plus, the Fed expected to raise rates by another 75 basis points tomorrow, as the Biden administration tries to shoot down talk of a recession. What it all means for the markets. 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 on fast and earnings bananza, Alphabet, Microsoft, Visa, Texas
0:05.4	Instruments, and Chipotle all reporting a mix back for the stocks after hours
0:09.2	will go inside the numbers straight ahead. Plus, count down to the Fed. We are just
0:13.0	21 hours away from the next decision on interest rates. Consensus is 75
0:17.6	basis points, but could Powell pull out the bazooka and go 100?
0:21.7	Former Atlanta Fed President Dennis Lockhart will be here in just a few
0:25.1	minutes and later Shopify's sharp drop the e-commerce platform following
0:29.2	nearly 14%. It's lying off 10% of its staff, Shopify, the latest company to
0:34.0	admit it misjudged how long the pandemic boom would last. I'm Melissa Lee.
0:38.6	This is fast money life in the Nasdaq market, and then the heart of time
0:41.2	square on the desk tonight, Tim Seymour, Karen Feynman, C. Brasso, and
0:44.8	Guy Adami. And we start off at the busy night of earnings, nearly $4
0:48.2	trillion in market cap reporting results. And just the last hour, check out the
0:51.8	action in Alphabet, Microsoft, Visa, and Chipotle or CNBC all stars are
0:56.4	lined up. They're all working away, digging into the numbers, listening to
0:59.6	the conference calls. We started off a day at your boats to break down
1:02.5	Alphabet's quarter, Debo.
1:06.0	Well, Hey, Melissa, I think the takeaway here is not good, but at least not
1:09.7	terrible. And that is enough to send shares higher in the after hours, not
1:13.6	by a whole lot, though. Alphabet remains cheaper on a price to earnings
1:17.0	ratio than its other mega cap peers, Apple, Microsoft, and Amazon.
1:21.5	The company is of course contending with a slowing ad market, but it is
	...

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