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Closing Bell

Closing Bell 7/19/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 19 July 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

And welcome to a big closing bell. Thanks Kelly. I'm Scott Wopner at post nine here at the New York Stock Exchange.

0:04.4

This make-a-break hour begins with the countdown to two of the most anticipated earnings reports of this early season.

0:10.4

Netflix and Tesla, they both hit in overtime overtime and we're going to get you set

0:14.0

before the numbers hit with Alex Kanchowitz and Dan Ives first your scorecard

0:18.4

with 60 minutes to go now in regulation more gains for stocks today there There it is green across the board.

0:24.2

The S&P 500 sitting just about 5% away from new all-time highs. The Dow

0:30.1

working on its eighth consecutive day of gains, getting help today from Verizon and

0:35.1

Goldman Salesforce and Cisco.

0:37.1

Well, it's been up and down for the NASDAQ ahead of those earnings.

0:40.5

We're waiting for Apple.

0:42.2

It is mostly higher on some AI-related

0:44.8

headlines, not quite as strong as it was when those hit, but nonetheless it is

0:49.7

green. It takes us to our talk of the tape. All that is riding on these critical results will hit Tesla in a bit.

0:56.5

First though, big technologies.

0:58.4

Alex Kanchowitz is watching Netflix closely.

1:00.9

He's here with me at Post 9, of course also a C and B.C.

1:04.2

contributor, good to have you. I love when these earnings start coming down,

1:07.6

especially the marquee names. What do you look for here?

1:10.4

I mean, the good news is that Netflix is going to have subscriber growth.

1:14.0

Well, you know, whether that's a few decibel points one way or the other, it's a completely different

1:17.8

sea change really from what happened last year when it was contracting those subscribers.

1:22.0

So I think the story for Netflix,

...

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