Closing Bell Overtime: CEOs of Chewy And Pure Storage; Tom Lee Makes The Case Why Big Tech Is Still Cheap 5/31/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 31 May 2023
⏱️ 45 minutes
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| 0:00.0 | We've got the scorecard on Wall Street, a lot of earnings to go, winter stay late. |
| 0:04.4 | Welcome to Closing Bell overtime. I am John Fort. |
| 0:06.4 | Morgan Brennan is out today. We've got a cascade of earnings reports coming your way this hour including results from Salesforce |
| 0:14.4 | C3 AI crowd strike octa Nordstrom chewy p v p v h and pure stories we're going to bring you |
| 0:21.2 | all of those numbers we're going to speak you all of those numbers. |
| 0:22.6 | We're going to speak with the CEOs of Chui and Pure Storage ahead of their calls with analysts. |
| 0:29.0 | And, you know, when you look at these groupings that we've got a different types of stocks you got a couple |
| 0:33.7 | insecurity right with Crowd Strike and with Octa you've got a couple in Enterprise |
| 0:39.2 | with C3 AI and Salesforce and definitely pure storage as well and you've got a |
| 0:48.2 | coupling consumer with Nordstrom right and then with Chuy where maybe you're dressing your pet your |
| 0:53.6 | pet is certainly eating let's bring in see me see senior markets commentator Mike |
| 0:58.1 | Santoli on all of this Mike you were just mentioning minutes ago how stocks, indices overall rebounded from where they were a bit at the beginning of the session. |
| 1:10.5 | It's hard to know whether we're watching for you know more debt ceiling data now for |
| 1:15.6 | investors or whether we're really looking at what the Fed is going to do on |
| 1:20.3 | interest rates ahead of this jobs report there's so much for the market to |
| 1:23.8 | sort of digest and put the finger in the air about every single day |
| 1:28.0 | no there is John and I think at this point the market has placed the debt ceiling |
| 1:32.1 | situation in the settled file at this point. |
| 1:35.5 | Obviously we can get a bad surprise on that and the market could have to rethink it, but it's moved |
| 1:39.5 | on to the next thing and that's both the next thing to worry about and the next thing to potentially hope for. |
| 1:44.4 | To worry about is this trade-off between the economic growth picture and what the Fed's going to do in response |
| 1:50.9 | to it. |
... |
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