Closing Bell Overtime: Freeport-McMorgan CEO On Global Copper Demand; What To Watch In Next Week’s Big Tech Earnings 4/21/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 21 April 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks ended slightly higher today but end the week in the red. Bleakley’s Peter Boockvar and G Squared Private Wealth’s Victoria Greene discuss the market action and lookahead to a busy week of earnings. Freeport-McMorgan shares fell today after reporting earnings; CEO Richard Adkerson discusses global demand for copper and the company’s execution. Former CEA Acting Chairman Tomas Philipson discusses the Fed’s path ahead of next week’s FOMC meeting. New Street Advisors’ Delano Saporu gives his favorite big tech stock name; Microsoft, Alphabet, Amazon and Meta all report in the coming days. Plus, our Hugh Son takes a look at First Republic and what to expect when it reports numbers next week. Morgan sits down with Space Force’s General Chance Saltzman in his first interview since taking on the role of Chief of Space Operations.

Transcript

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0:00.0	Chopy Gaper stocks, but managing to eke out a gain at the end of the day here.
0:07.0	We're still lower on the week, though, for the major averages.
0:09.0	That is the scorecard on Wall Street, that the action is just getting started this Friday afternoon.
0:14.8	Welcome to Closing Bell overtime.
0:16.1	I'm Morgan Brennan with John Fort coming up on today's show.
0:19.4	The CEO of Copper Miner, Freeport Mac Moran, will join us to break down today's
0:24.4	earnings report and to share his outlook on global growth. That stock did
0:29.2	fall today. Four percent. He joins us exclusively.
0:31.5	Plus we are going to get you ready for another huge week of earnings ahead.
0:36.0	Reports coming from Alphabet, Microsoft, Meta, Amazon, Intel First Republic, and many, many more.
0:42.0	Let's get right into today's market action. public and many, many more.
0:42.8	Let's get right into today's market action
0:45.3	and some big individual moves that are under the service.
0:47.8	Joining us now is Bueckley,
0:49.0	CIO Peter Bookfar and G-squared Private Wealth,
0:51.4	CIO Victoria Green, both are C and B-C contributors.
0:54.6	Peter, you're joining us on set.
0:56.9	The S&P 4133 is, it looks like that's where we're settling right now.
1:00.6	The technicals, we have this 4200 level that everybody's been
1:05.2	focusing on and whether we can bump against that and even break through it but
1:08.1	fundamentals we have earnings and ahead of next week where it's going to be just a flood of those results how are you
1:14.7	looking at the market here right now I really think what's keeping the market up is
	...

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