Closing Bell Overtime: Intel CEO Pat Gelsinger On Company’s Progress; Can Fed Celebrate Victory On Inflation Fight? 1/26/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 26 January 2024
⏱️ 34 minutes
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| 0:00.0 | Pretty good week for all the major indices not even bad for the Russell that's a score |
| 0:05.8 | card on Wall Street but winners stay late welcome to closing bell overtime I'm |
| 0:09.0 | John Fort with Morgan Brennan well the S&P 500 and the NASDAQ both snapping a six day |
| 0:14.2 | wind streak. Tech, the biggest drag on the market today. Healthcare and energy |
| 0:17.9 | outperforming the broader market. Yeah speaking of Tech Intel the biggest drag |
| 0:21.8 | on the Dow having its worst day since October 2021 |
| 0:26.0 | following disappointing first quarter guidance. |
| 0:28.2 | I asked CEO Pat Gelsinger, whether it's market share loss or the macro. |
| 0:36.0 | Our market share looks healthy. We don't see any unique inventory issues outside of the non-core areas that we've already talked about. |
| 0:42.0 | So we think the Q1 guide is just where the |
| 0:43.8 | market is right now in terms of its outlook. Much more of that interview coming up. |
| 0:48.4 | But first, let's get more in today's market action. Mike Santoli joins us from the New York |
| 0:52.8 | Stock Exchange. Mike, great to kick off the top of the hour with you was a |
| 0:56.4 | really mixed picture for the stocks today but in generally look at the Dow |
| 0:59.6 | the S&P and the Nasdaq, 12th positive week in 13. |
| 1:04.8 | What does that tell us about what I'll call |
| 1:06.9 | a potentially blistering rally to start the new year? |
| 1:09.8 | It means, for one thing, Morgan, |
| 1:11.3 | that the market is able to seize upon what remains |
| 1:14.5 | pretty good economic news so you know at some point maybe people are going to say |
| 1:18.2 | it's as good as it gets in terms of growth in terms of inflation coming down today's |
| 1:22.0 | numbers on PCCE were all |
... |
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