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Closing Bell

Closing Bell Overtime: Mega-Tech Earnings: Investors Cheer Microsoft, Alphabet Quarterly Numbers; T-Mobile CEO On Latest Quarter 4/25/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 25 April 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Alphabet and Microsoft impressed investors in the latest quarter and both stocks moved higher after-hours. Plus, earnings from Snap, Roku, Intel, Gilead and L3Harris. T-Mobile CEO Mike Sievert on the company’s lowest ever churn rate and growing market share.

Transcript

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0:00.0

A big miss on GDP and downbeat sentiment around earnings sending stocks

0:06.9

tumbling today yield spiking with the major averages closing off the lows that's

0:10.8

a scorecard on Wall Street but winners stay late

0:13.0

welcome to closing bell overtime I'm John Fort with Morgan Brennan. Well it's a monster

0:16.8

afternoon of earnings we've got dozens literally dozens of widely held

0:21.3

companies reporting

0:22.7

headlined by alphabet, Microsoft, and Intel,

0:25.4

along with Snap, Roku, L3 Harris, T-Mobile,

0:28.6

and many more.

0:29.3

And we will have the numbers in Instant Reaction,

0:31.7

plus an exclusive interview with T-Mobile CEO

0:33.8

Mike Seabert before his earnings call. As we await the onslaught of earnings

0:38.0

though let's bring in our market panel wealth enhancement group senior vice

0:41.1

president Nicole Webb and henion and Walsh Asset Management,

0:44.5

President and CIO, Kevin Mann.

0:47.5

It's great to have you both.

0:48.5

Nicole, I'll start with you because, man, did we see a rebound? And I realize that that doesn't mean that we ended with gains in any sort of significant

0:57.1

way here for stocks, but we came so far off the lows.

1:00.3

The Dow was down 700 points at one point, all because of that hotter

1:04.6

inflation reading within GDP this morning. How does that set us up as we go into

1:09.1

earnings when we have seen some of the big tech names sell-off coming into this afternoon.

1:14.7

Yeah you know I think the market went into this week hyper-focused on can the market

...

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