Closing Bell Overtime: Interviews with CEOs of Tilray, Crowdstrike; Why Bitcoin Crossed Above $30,000 For The First Time in 10 Months 4/11/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 11 April 2023
⏱️ 45 minutes
🧾️ Download transcript
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| 0:00.0 | A mixed session for stocks is the S&P clings to 4100. That's the sport |
| 0:04.5 | hard on Wall Street but the action is just getting started. Welcome to |
| 0:07.4 | closing bell over time. I'm Morgan Brennan with the John Fort. We've got a |
| 0:11.4 | big show coming your way. We're going to talk to the CEO of Pot Company |
| 0:15.2 | Tilray whose stock is down sharply today on the back of a revenue miss. |
| 0:20.0 | Plus crowd strike CEO George Kurtz is going to join us following the company's government |
| 0:24.4 | summit today in Washington. |
| 0:26.6 | Let's get straight to our market panel. |
| 0:28.2 | Joining us now are Adam Chrisifoulli from Vital Knowledge and Eric Johnston from Candra Fitzgerald. Good afternoon to you both, I'm going to call this a Bull Bear debate here. |
| 0:36.4 | Adam, you're bullish, constructive, I'll call you. |
| 0:40.8 | What do you make of the market now? |
| 0:42.2 | What would you be doing? |
| 0:44.0 | So I think that as we head into earning season, that's really going to be the next major catalyst. |
| 0:49.0 | You know, I think where I differ with the consensus most comes down to this particular |
| 0:54.4 | earning season being relatively unique versus prior pre-Covid ones and I think |
| 0:59.3 | that a lot of major headwinds that companies have been facing |
| 1:03.2 | throughout the COVID bubble, the boom era of COVID, |
| 1:06.1 | that had helped drive revenue, |
| 1:07.2 | but it actually driven costs up even more, |
| 1:09.4 | compressed margins and weight on earnings. |
| 1:11.6 | I think a lot of those headwind ones are now in the process of reversing. |
| 1:15.8 | So costs, supply chains, inventories are normalizing, dollar pressure is easing, and then China, |
... |
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