Closing Bell Overtime: Earnings Deluge Begins With Microsoft & Google; Qualcomm CEO On New Products 10/24/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 24 October 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Major averages closed higher but investor attention was squarely on the companies reporting after the close. Vital Knowledge’s Adam Crisafulli, CFRA analyst Angelo Zino, Roth Capital analyst Rohit Kulkarni and our Michael Santoli help break down earnings from Microsoft, Alphabet, Texas Instruments, Visa, Snap and Teladoc. Microsoft and Alphabet shareholder Doug Famigletti weighs in on what to do with the heavyweight tech stocks. Plus, Qualcomm CEO Cristiano Amon on the company’s new chips and Advent International Chairman David Mussafer on best opportunities in private equity.

Transcript

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0:00.0	I'm John Ford coming to you from
0:01.6	C. M. Technology Executive Council Summit in New York.
0:06.1	And I'm Morgan Brennan at C. M.
0:07.6	headquarters. It's a make or break hour for tech.
0:11.3	As Microsoft Alphabet, Texas Instruments, Snap get ready to report quarterly results.
0:16.4	In just a few moments we will have live reaction and analysis of those names, plus Visa and more.
0:24.0	And a first on CMBC interview with Qualcomm CEO
0:27.0	Cristiano Ammon.
0:29.0	He's going to discuss the new chips.
0:31.0	The company announced this hour including hey an arm chip for
0:37.0	PCs remember the market action because of NVIDIA headlines yesterday
0:42.1	now as we await the earnings, let's bring in Vital Knowledge,
0:45.4	founder Adam Chrisofooli.
0:47.6	Adam, I'm specifically wondering about the impact,
0:51.7	potentially, of these results tonight on overall trading
0:56.7	tomorrow given you know the the positive close for the indices and not only the numbers themselves but how much the reaction
1:06.0	after hours to these results might tell us about where investor sentiment is.
1:12.4	Yeah, so just from a mechanical point of view, obviously these companies are going to be crucial,
1:16.5	but they dominate the indices, so we're going to be watching them very closely.
1:20.7	The first week and a half of the Q3 earning season was a little bit
1:23.8	underwhelming. There were a number of red flags. The results that came out
1:27.1	this morning and last night, they did look a little bit better. So you had a number
	...

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