Closing Bell Overtime: Critical 48 Hours for your Money 1/31/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 31 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The next 48 hours will be critical for stocks and your money – with the Fed decision and news conference with Jay Powell along with some high stakes earnings. Virtus Investment’s Joe Terranova gives his set-up. Plus, top chips analyst Stacy Rasgon gives his instant reaction to AMD’s quarterly results. And, Snap shares got slammed in Overtime. So, could this spell trouble for Meta? Alex Kantrowitz of Big Technology breaks down what he’s expecting. 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	All right, Mike, thank you very much. Welcome to overtime. I'm Scott Wotner. You just heard the bells. We're just getting started from post-9 here at the New York Stock Exchange.
0:06.6	Or do we have a busy hour ahead? We have a AMD and SNAP earnings. Those in the next few moments,
0:12.7	as well as the march up to that Fed decision
0:15.2	now less than 24 hours away.
0:17.1	Our reporters waiting for the results to cross.
0:19.3	We'll show you the stock moves as they happen.
0:21.8	A. M.D, as you know, yet another check on the chips
0:23.8	which are a real battleground right now,
0:25.8	off to a really good start.
0:26.9	And then there's Snap.
0:28.2	Perhaps giving an early read on Meta,
0:30.3	at least when it comes to the slowing ad market and snap perhaps well we'll see what it does
0:35.2	because the stock is up a lot in a short period of time and that brings us to our
0:39.6	talk of the tape today these critical 48 hours ahead,
0:44.0	the big tech earnings tomorrow's Fed decision news conference
0:46.0	from Chair Jerome Powell.
0:48.0	All of it is front and center.
0:50.0	For what's at stake we bring in Joe Terranova.
0:52.0	He, of course course the chief market
0:54.7	strategist Avertis Investment Partners welcome nice pop nice pop into the
1:00.0	clothes so what's riding on the next 48 hours?
1:03.6	Mr. Terranova.
	...

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