Closing Bell: More Earnings Pain Ahead? 4/10/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 10 April 2023
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Closing Bell. I'm Scott Wabder live from Post 9 right here at the New York Stock Exchange. |
| 0:04.5 | This make-a-break hour begins with major questions about earnings, the Fed, and your money and how this week could very well hold the answers to everything. Here is your |
| 0:13.7 | score card with 60 minutes to go now in regulation energy and industrial stocks |
| 0:18.3 | like Caterpillar leading today while technology and communication services |
| 0:22.4 | dragging the market just a bit, Apple lower today |
| 0:25.4 | on a report of falling PC shipments globally, Microsoft also falling a bit there. |
| 0:30.2 | You see both stocks are in the red, brings us to our talk of the tape have we seen the worst of the earnings recession or is there more downside ahead it is a key issue as you decide whether or not to buy stocks right here right now. |
| 0:43.0 | So let's ask Adam Parker, the founder and CEO of Trivariate research and a |
| 0:48.0 | C and B.C contributor. |
| 0:50.0 | All right, it's good to see you. |
| 0:51.0 | It's obviously a big week. |
| 0:53.0 | Price Action says the market's not really sure post jobs report what exactly to do. |
| 0:58.5 | Now, volume's obviously going to be light because Europe's closed. |
| 1:02.1 | It's, you know, people are off on spring break etc but nonetheless it's a big week. |
| 1:07.0 | Yeah. I'm a little surprised there weren't any negative pre-releases last week. |
| 1:12.0 | So maybe you know they're really agreed. of pre-re releases last week. |
| 1:12.6 | So maybe the really egregious things that sometimes happen |
| 1:16.8 | as the economy slows, you get one or two big blow-ups. |
| 1:19.4 | Maybe we dodge that. |
| 1:20.2 | Maybe that's bullish. |
| 1:21.6 | But that's one. Two to I'd say the 2023 |
| 1:24.6 | earnings numbers have come down a lot they were down 3.6% in Q1 from where they |
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