Closing Bell Overtime: Apple & Amazon Earnings; Intel CEO Pat Gelsinger 10/31/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 31 October 2024
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | That bell marks the end of regulation. |
| 0:03.1 | Cinevers bringing the closing bell at the New York Stock Exchange. |
| 0:06.4 | Gigi's Playhouse, Long Island, doing the honors at the NASDAQ and a sea of red tech |
| 0:11.2 | getting wrecked. |
| 0:12.1 | That sector in the S&P down more than 3% to close out the month of October ahead of a monster hour of earnings ahead |
| 0:18.5 | that is the scorecard on Wall Street but winners stay late welcome to closing Bell overtime. I'm John Fort. |
| 0:23.4 | Morgan Brennan is off today. Well, tech investors have been waiting for this moment |
| 0:27.6 | as companies with a combined market cap of nearly 5.5 trillion dollars are about to report results. |
| 0:35.0 | First, we'll get Amazon and Intel. |
| 0:37.5 | And a first on CNBC interview with Intel CEO, |
| 0:40.4 | Pat Gelsinger, before the earnings call. And then in 30 minutes, Apple reports. CEO |
| 0:44.0 | Gelsinger before the earnings call. And then in 30 minutes, Apple reports its fiscal fourth quarter numbers. |
| 0:46.6 | Our panel of experts on standby to cover every angle that matters most to your money. |
| 0:53.0 | Now as we await Amazon and Apple earnings, |
| 0:55.1 | let's bring in Henning and Wash Asset Management. |
| 0:57.3 | President Kevin Mann, it's great to have you, Kevin. |
| 1:02.4 | Let's talk about this Amazon report which is crossing any moment |
| 1:06.1 | We're used to capital spending from Amazon, but investors have had to get used to it from the likes of Meta and Microsoft and others. |
| 1:14.8 | So how does that position Amazon? |
| 1:17.0 | Yeah, expect more Cap-Back spending from Amazon, specifically, John, as it relates to AWS as they continue to expand into their own |
| 1:26.2 | generative AI capabilities. |
| 1:28.8 | We learned recently of the agreement that they signed with Dominion Energy based in Virginia |
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