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Closing Bell

Closing Bell: Countdown to Apple’s Crucial Report 11/2/23

Closing Bell

CNBC

News, Business

4.4140 Ratings

🗓️ 2 November 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Questions about the iPhone and China looming large ahead of Apple’s earnings after the bell. All-star panel of Wedbush’s Dan Ives, Virtus’ Joe Terranova and CIC Wealth’s Malcolm Ethridge break down what they are expecting. Plus, Gabriela Santos from JP Morgan Asset Management is mapping out what she thinks the Fed’s next move might be. And, Vantage Rock’s Avery Sheffield is laying out where she is seeing opportunity right now.

Transcript

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0:00.0

All right, Kel, thanks so much. Welcome to Closing Bell. I'm Scott Wopner live from Post-9 here at the New York Stock Exchange.

0:07.0

This make-a-break hour begins with stocks on the run, big time and apple earnings just ahead.

0:12.0

In just a few minutes minutes star analyst Dan Ives will

0:15.1

tell us what's likely to happen how shares could react to whatever Apple reports

0:19.4

in the meantime your scorecard with 60 minutes to go in regulation that post-fed rally still going

0:24.9

strong the S&P now going for its fourth straight positive day been a nice

0:29.7

broad move to every sector today on the upswing take a look at how much green is on the map today.

0:35.0

Small caps, they're sizzling. Look at the Russell, bottom of your screen.

0:38.0

Two and a quarter percent today, regional banks breaking out big time, the NASDAQ going for its best week of the year as mega cap

0:45.1

tech is mostly higher and even some of the growthier tech names like Palantir

0:49.6

Roku and Shop of Fire ripen take a look at those gains. Not too shabby. Interest rates, well

0:54.8

they're a major story today. Look at the 10-year yield as well. It continues to fall. Take a look.

0:59.9

467, that's right around the lowest level in about three weeks.

1:04.0

It takes us to our talk of the tape.

1:05.4

The critical Apple report questions about the iPhone and

1:08.6

China looming large and just as shares have started to climb again

1:12.2

is the worst now behind the stock?

1:14.0

It's a key question.

1:15.0

Let's ask Wed Bush is Dan Ives.

1:17.0

That question he joins us here, Post 9.

1:19.0

I mean, so what a difference a week makes?

1:22.0

You know, you could have said well the stock

...

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