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Closing Bell

Closing Bell Overtime: Big Tech Earnings, Fed Insight, and Market Movers 1/29/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 29 January 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

It might be the most important hour of earnings season: Meta, Microsoft and Tesla all report their latest numbers — and set the tone for what comes next in the market. Adam Crisafulli of Vital Knowledge and our Michael Santoli kicks things off before we hear from the companies. Key earnings on deck include Microsoft, Meta, Tesla, IBM, and ServiceNow, with exclusive CEO commentary from Jon. Dan Ives of Wedbush joins to break down Microsoft, Meta, and Tesla results. Later, Gil Luria of D.A. Davidson offers deeper analysis on the tech giants' earnings. The Fed kept rates steady and Cecilia Rouse, President of the Brookings Institution, and Apollo’s Chief Economist, Torsten Slok, providing crucial insight on what investors need to know from Fed Chair Jerome Powell's latest. Jon shares exclusive sound from VF Corp. CEO Bracken Darrel on the company's turnaround efforts and Morgan checks in on the transports with an exclusive interview with Norfolk Southern CEO Mark George.

Transcript

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0:00.0

That's the end of regulation. Brinker International ringing the closing bell at the New York Stock Exchange.

0:08.3

Will Dan Group doing the honors at the NASDAQ.

0:11.4

Stocks mostly lower in a choppy session as the Fed holds rate steady and signals potential concerns on inflation,

0:17.0

while NVIDIA pulls back on fresh worries about export controls.

0:40.7

Now attention turns to one of the most important hours of earning season. That's the scorecard on Wall Street, but the action is just getting started. Welcome to closing bell overtime. I'm Morgan Brennan with John Ford. Yeah, buckle up for a massive afternoon of quarterly reports that could set the tone for the entire market,

0:45.5

headlined by Microsoft, Meta, and Tesla, along with IBM, ServiceNow, and many more.

0:49.1

A key focus on AI commentary and spending plans.

0:52.1

You're going to have all the breaking numbers and analysis throughout the hour.

0:55.1

Plus, we've got a great lineup to dissect Fed Chair Powell's comments, including Apollo's Torson Slok, and former Council of Economic Advisors

1:01.3

Chair, Cecilia Rouse. But as we await the wave of earnings results, let's bring in vital

1:06.1

knowledge founder, Adam Krista Fooley, and CNBC Senior Markets Commentator Mike Santoli. Great to have you both here to kick out off this big hour.

1:14.3

Adam, I'm going to go to you first because we finished fractionally lower across the board for all

1:18.6

the major averages.

1:19.6

We know yields ticked up.

1:21.6

The attention is going to turn here to mega cap tech, but we did get a Fed that is sitting

1:26.3

on its hands just a few short hours ago.

1:30.0

Yeah, so I think the Fed, they threw a wildcard at 2 o'clock with the statement change,

1:34.4

and then at 2.30, Powell kind of disavowed that change. And we got a message that's been very

1:39.3

consistent with kind of the last couple of weeks, the last few months of Fed communications.

1:43.4

They're happy with

1:44.3

where growth is. They're relatively pleased with inflation. They still see disinflation happening.

1:49.8

You know, and it's going to be a couple more months before they move again. So the market was

...

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