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Closing Bell

Closing Bell Overtime: Apple Earnings From Every Angle; Venture Capital Scorecard With Francisco Partners Co-Founder 11/2/23

Closing Bell

CNBC

News, Business

4.4140 Ratings

🗓️ 2 November 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

Another market rally as averages on pace for their best weekly performance of the year. Hightower’s Stephanie Link and Wells Fargo’s Scott Wren break down the market action. Apple’s Q4 numbers closely watched by the market; we cover every angle with Evercore analyst Amit Daryanani, Big Technology Founder Alex Kantrowitz, and shareholder George Seay of Annandale Capital. Plus, Steve Kovach speaks with CEO Tim Cook. Francisco Partners is one of the top VC firms by deal volume; Co-Founder Dipanjan Deb on what he likes right now. Other earnings from Dropbox, Paramount, Carvana, Expedia, Booking Holdings, Block, Coinbase, Live Nation, Skyworks and DraftKings.

Transcript

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0:00.0

Big Big rally as investors digest the Fed

0:05.8

Vicks below 16 for the first time since September that's a score car on

0:09.3

Wall Street but winter stay late.

0:10.5

Welcome to closing bell overtime. I'm John Fort with Morgan

0:13.4

Brennan. It is the day Owl Watchers have been waiting for. We are just

0:17.6

minutes away from one of the most important moments of earning season and a

0:21.5

key read from the grand daddyaddy of all bellwether stocks

0:24.8

we will have live analyst reaction and commentary from shareholders and industry experts.

0:30.0

And if that isn't enough we'll also get results this hour from a wide range of other companies.

0:34.4

There's something for every investor today including Dropbox, Paramount, Carvana, Expedia,

0:39.4

Coinbase, and many more, but also Apple.

0:42.1

While we wait for those earnings to come out.

0:44.2

Let's bring in our market panel joining us now Scott Wren from Wells Fargo Investment

0:48.0

Institute and Stephanie Link from High Tower Advisors. Stephanie, do you buy it? Like literally this this rally post-fed

0:56.6

right ahead of a jobs report and all these earnings this afternoon should

1:00.9

investors believe that this is solid?

1:03.2

Yeah, I do. I actually think we are set up for a rally into the end of the year.

1:08.8

We've already had a couple of days, nice days, and I think the laggards are going to likely lead us which we saw today right

1:16.4

all the tax loss selling companies and stocks that got kind of washed in in that

1:20.2

whole theme they they really exploded today for sure but the reason I'm positive

1:25.1

really is because the data today was really the sweet spot for the Fed and for what

1:30.4

we want we want inflation to come down We had unit labor costs come down.

...

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