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Closing Bell

Closing Bell: Can Amazon Keep the Party Going? 4/27/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 27 April 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

Will Amazon’s earnings keep the momentum going for the mega-caps? Evercore’s Mark Mahaney gives his take ahead of those key numbers. Plus, stocks got a big pop in today’s session with the Dow jumping more than 500 points. Ed Yardeni of Yardeni Research breaks down the crucial, final moments of trade. And, T. Rowe Price’s Sebastien Page weighs the odds of a “market zombie apocalypse.”

Transcript

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0:00.0

Welcome to the closing bell. I'm Scott Wotner live from Post 9 right here at the New York Stock Exchange

0:04.4

this make a break hour begins with a big market day and the countdown now to the final

0:09.2

fang earnings report of the week. Amazon dropping its numbers in just about an hour or so many

0:14.5

questions swirling about the company's future from its efforts to cut costs to

0:18.6

how it can stem a slowdown in its critical cloud business. We'll talk you right up to that report with some key guests, including a shareholder

0:25.9

and top analyst.

0:27.5

In the meantime, here is your scorecard with 60 minutes to go in regulation.

0:31.5

It's a winning scorecard today it is a big day for

0:34.3

stocks after that meta moment nazdak leading but a good day for the doubt too you can

0:39.0

see worth the highs of the day five hundred and fifty points honeywell's beat giving the industrial is a much needed lift today.

0:46.5

Interest rates are higher despite that lighter than expected read on GDP and the market is

0:51.5

brushing all of it off.

0:53.6

There's your picture.

0:54.2

S&P is good for almost 2%.

0:57.0

That's better than 80 points.

0:58.2

It brings us to our talk of the tape.

1:00.2

Whether Amazon's earnings can keep this momentum going for the market and of course the mega caps.

1:05.2

Let's bring in our dear Djibosa who's covering earnings tonight with our setup, Dee.

1:10.3

Scott, it's a big report out and we're going to get a little bit of the consumer

1:13.7

with its core e-commerce business and we're going to get a lot on the

1:16.3

enterprise as well with AWS. That's its cloud business which is still by

1:19.9

far the number one player but you mentioned it's got a lot of that

...

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