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Closing Bell

Closing Bell Overtime: Apple Earnings; UPS CEO On Cutting Amazon Volume 1/30/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 30 January 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

It's another huge day of Big Tech earnings with the biggest company of all: Apple. Barbara Doran, CEO of BD8 Capital Partners, and Jose Rasco, CIO at HSBC Global Private Banking kick things off with where we are in the market right now. We break down earnings from Intel, KLA, Visa, Deckers, and U.S. Steel. Patrick Moorhead of Moor Insights discusses Intel’s report. We break down Apple from every angle with Barbara Doran, Patrick Moorhead, and Maxim Group’s Tom Forte, plus T. Rowe Price portfolio manager Tony Wang. Morgan sits down with UPS CEO Carol Tomé as the company's stock posted its worst day ever after investors shied away from the company's disappointing revenue guidance.

Transcript

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0:00.0

That's the end of regulation, the American Heart Association, ringing the closing bell,

0:04.0

the New York Stock Exchange, Tennessee Capital Investment Corps doing the honors at the NASDAQ,

0:08.2

late-day volatility for the major averages. As markets react to comments from President Trump,

0:13.1

just a few moments ago about tariffs on Canada and Mexico, but still closing mostly in the green.

0:18.9

Now, attention turns to another crucial hour of earnings.

0:22.6

That is the scorecard on Wall Street for the actions just getting started.

0:25.6

Welcome to closing bell overtime.

0:27.6

I'm Morgan Brennan with John Ford.

0:28.6

Yeah, the countdown to Apple results is on.

0:31.6

Expected to cross in just about 30 minutes and we've got a great lineup of analysts and shareholders

0:36.6

to break down every angle,

0:38.3

including any clarity on China sales and AI strategy. And it's not just Apple either. We're also

0:43.5

going to get earnings in just a few moments from Intel, KLA, Visa, U.S. Steel, and more. But as we

0:50.1

await that wave of earnings, let's bring in Barbara Durana, BD8 Capital Partners, and Jose

0:54.1

Rasko of HSBC, Global Private Banking and Wealth Management. Great to have you both here.

0:59.3

As we do have, it looks like the major averages, all finishing in the green, the S&P up maybe about

1:04.2

half a percent. Jose, I want to go to you first because you talk about the fact that the market

1:09.7

or investors continue to reprice this market

1:12.1

and the expectation is that we're going to continue to see strong earnings results. Walk me through

1:16.7

how we go higher from here. Well, I think, look, the deep seek shot across the bow is an interesting

1:23.0

one. He reminds me of the 90s when we had a whole bunch of companies doing search.

1:31.1

And then some company came along very late in the 90s, by the way. And the winner of that search battle was one of the last entrance in the field.

...

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