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Closing Bell

Closing Bell Overtime: Advice for the Fed, Betting on Silicon Valley, Energy M&A Outlook 4/10/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 10 April 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks finished mixed in an up-and-down session as Wall Street awaits inflation data later this week. G Squared’s Victoria Greene and Venu Krishna from Barclays square off in a bull-bear debate about the market’s next move. Mark Zandi from Moody’s shares his advice for the Fed following Friday’s jobs report. Meantime Pioneer Natural Resources jumped on a reports of talks with Exxon. Analyst Neal Dingmann discusses the probability of a deal and which other names could be in play. Plus the latest on Apple, chips, and how a plumber could save the box office.

Transcript

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0:00.0

Well, you got your scorecard on Wall Street, but winter's stay late.

0:04.0

Welcome to Closing the Over Time. I am John Fort with Morgan Brennan,

0:08.0

and earning season kicks into high gear this week.

0:11.0

We're gonna get a taste of the action this hour when Cannabis Company

0:14.8

Tilray reports results. Plus we'll talk to Moody's chief economist Mark

0:19.3

Zandy ahead of this week's key inflation data as Wall Street looks for clues about the Fed's next move.

0:25.0

But now let's get straight to our market panel.

0:27.4

Joining us now are Victoria Green from G-squared Private Wealth and Venu Krishna from Barclays Investment Bank.

0:34.0

Tempting to call this a bull bear debate, but Victoria, you're just kind of like barely a bull,

0:39.0

kind of a reluctant bull, a bull maybe for a few weeks, why is so reluctant?

0:44.0

I think you got to be ready to pull the rip cord on your bull thesis, you know, as we get more

0:48.9

data with earnings, but look, this market has legs. I know everybody hates it.

0:52.8

Everybody does hate a bull market rally

0:54.8

off of those October lows,

0:56.1

but that uptrans not invalidated.

0:58.4

Yes, the macro looks horrible.

1:00.3

There is no question the bond market's pricing in recession.

1:03.2

Everybody's a pricing in that we're going to hit a wall.

1:05.8

But really, you know, we are a little bit in no man's land.

1:08.1

I think we could maybe like up close to that 4200 before we do hit that wall.

1:11.8

I do think everybody needs to be prepared

1:14.1

to be a little tactical right now.

...

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