Closing Bell: Critical Moment for the Market 5/4/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 4 May 2023
⏱️ 43 minutes
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| 0:00.0 | All right, guys, thanks so much. |
| 0:02.0 | Welcome to Closing Bell. |
| 0:03.0 | I'm Scott Wobner live from Post Nine here of the New York Stock Exchange. |
| 0:06.0 | This make-or-break hour begins with this big day in the markets, what's still to come in about an hour. |
| 0:11.0 | Apple earnings, the final fang to report there's your countdown clock, a little |
| 0:15.5 | more than an hour and a half or so from now. Comes at stocks remain unsettled after another |
| 0:20.7 | rate hike from the Fed, more turmoil around the regional banks, which |
| 0:24.3 | have been under a big time pressure all day long. |
| 0:27.9 | Here's your scorecard with 60 minutes to go in regulation, the Dow Weaker, as several household names come |
| 0:32.3 | under some pressure today |
| 0:33.4 | Boeing and Goldman Sachs Disney and American Express among the biggest |
| 0:37.6 | losers NASDAQ waiting on Apple as Big Tech has led the way this year |
| 0:42.2 | brings us to our talk of the tape the road ahead for stocks and all that might be riding on the mega caps especially now. |
| 0:49.0 | Let's ask the star Wedbush analyst Dan Ives he's with me here at post nine good to see you |
| 0:55.0 | good see you man I mean all the stuff going on in the market and then oh yeah |
| 0:58.4 | Apple it's only the biggest stock in the market reporting what do I think, look, it's the hearts and lungs of |
| 1:04.4 | tech and I think ultimately what we've seen in Asia, I think an action uptick in China, which is really |
| 1:09.7 | the, I think the key to the Apple story here in terms of iPhone demand and it's not |
| 1:14.1 | roses and rainbows but I'm expecting actually some positives in terms of |
| 1:18.0 | services and uptick there and overall iPhone demand continues to be |
| 1:22.1 | rocket Gibraltar because of that |
| 1:23.8 | golden install base it's expected down 4% iPhone sales though right let's not gloss |
... |
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