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Closing Bell

Closing Bell Overtime: Big Tech Earnings 4/26/22

Closing Bell

CNBC

Business, News

4.4141 Ratings

🗓️ 26 April 2022

⏱️ 46 minutes

🧾️ Download transcript

Summary

Big tech earnings after the bell. Dan Ives from Wedbush Securities, Bryn Talkington from Requisite Capital Management, and Brian Belski from BMO Capital Markets give their instant reaction and analysis to Microsoft and Alphabet’s reports. Plus, big news out of Robinhood. The company slashing 9% of its workforce. And, Michael Santoli’s “Last Word” is “cloudy.” 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

Welcome to overtime. I'm Scott Watner. You did just hear the bells. We of course are just getting started here at post night of the New York Stock Exchange.

0:06.6

We do begin with our talk of the tape, the moment we've been waiting for.

0:09.7

Earnings from some of the biggest tech companies on the planet beginning right now.

0:13.8

Alphabet and Microsoft imminent, the pressure couldn't be higher given this very unsettled

0:18.6

market. You saw what happened today, how much pressure the NASDAQ was under? Does this stem some of the

0:23.8

selling? We'll see or does it keep the NASDAQ under severe pressure? Our

0:28.4

experts are here to answer those critical questions. What Bush is Dan Ives is with me right here on set.

0:33.6

We're also joined today by requisite capitals,

0:36.1

Bryn Talkington, BMOs, Brian Beltsky

0:38.6

joins me in just moments.

0:41.1

All right, I'm gonna begin with you, Dan Ives, as we wait on these numbers to break.

0:44.2

And as I said, I can't imagine a scenario in which the stakes are any higher, given what

0:48.9

this market looks like coming into this number.

0:50.9

Because I see it's the most important week for tech earnings probably in the last seven

0:54.8

eight years.

0:55.8

You know, right now the risk off is just massive that we're seeing.

1:00.2

You need to see strength from the likes of alphabet, from Microsoft,

1:03.7

special on enterprise in terms of cloud.

1:06.0

This leads into Apple and others that we're seeing.

1:08.5

It's a white knuckle, white knuckle period and I think there's the key earnings here.

1:12.2

I mean Nasdex on track for its worst month since October of 2008, down 22% from its record highs.

1:18.7

Both of these stocks, speaking of alphabet and Microsoft are in bare market territory.

...

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