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Closing Bell

Closing Bell Overtime: Amazon and Apple Report Quarterly Results 10/27/22

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 27 October 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Amazon shares sinking in Overtime after reporting results. Our all-star panel of Stephanie Link, Alex Kantrowitz and Dan Ives give instant reaction. Plus, Apple’s highly anticipated numbers also hit the tape … CNBC’s Steve Kovach spoke to Apple CEO Tim Cook about the quarter. And, market expert Mike Santoli gives his “Last Word” on big tech’s latest quarter. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

All right, sir, thank you very much and welcome everybody to overtime.

0:03.4

I'm Scott Watner, you just heard the bells.

0:05.6

We are just getting started here at Post Nine from the New York Stock Exchange and the

0:09.3

stakes could not be higher this hour.

0:12.2

That is our talk of the tape.

0:13.5

Apple and Amazon and Intel, all set to report earnings

0:16.9

with so much on the line.

0:18.3

Can they reverse the mega cap meltdown

0:20.6

started by Microsoft and Alphabet only to be made worse by Meta.

0:25.0

Have the chewed up chips bottomed.

0:26.7

We'll get to the answers all of those questions in just a matter of minutes.

0:30.5

Our team of experts standing by with everything you need to know as well.

0:33.7

Let's welcome in CMBC, contributors Stephanie Link of Hightower, big technologies Alex Kanchowitz and also

0:39.6

star tech analyst Dan Ives of Wedbush is here with us on set as we await these

0:44.1

earnings welcome everybody I said these are imminent especially for Amazon

0:48.6

Dan Ives you have called this the moment of truth for tech maybe more than ever or more than a long time

0:54.9

given the disappointments that we've gotten already. Yeah and so far it's

0:58.0

really been disappointing. I mean last night obviously an epic disaster in Meta and right now a lot of white knuckles going into the

1:05.0

apple and Amazon can they save earning season for tech in terms of big cap tech or

1:10.0

ultimately does the softness continue?

1:13.3

And that's why I view it as really a biification

1:15.7

that we're seeing in tech on enterprise and consumer.

...

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