Closing Bell Overtime: Nvidia jumps on earnings, Breaking down the Fed minutes, Musk and Gov. Newsom on the record 2/22/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 22 February 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

: It was a mixed session on Wall Street following Tuesday’s sharp selloff, as investors weighed the latest comments from the Fed and a number of key earnings reports. Neuberger Berman president Joseph Amato discusses his read on the Fed’s strategy, his outlook for inflation, and his view on the market. Analyst Rajvindra Gill breaks down Nvidia’s results that sent the stock jumping in after hours trading. Bill Perkins from Skylar Capital Management joins with his take on how to play the sharp decline in natural gas prices. Plus exclusive comments from Elon Musk and Gov. Gavin Newsom about Tesla’s expansion in the state.

Transcript

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0:00.0	Next day for the major averages that is the scorecard on Wall Street for the
0:06.3	actions just getting started welcome to the closing bell overtime I'm
0:09.6	working with John Port and we have got a jam-packed hour of earnings
0:14.0	coming your way, including reports from Invidia,
0:16.9	Lucid, eBay, and ETSI.
0:18.8	ETSI's moved more than 9% on earnings
0:21.4	every quarter for the past two years.
0:23.6	Plus we're going to break down the Fed minutes and what they mean for your money
0:27.0	with Newberger Berman President Joe Amato whose firm has nearly half a trillion
0:31.9	dollars under management.
0:33.4	But let's get straight to our market panel.
0:35.3	Joining us now are Barbara Duran from B.D. 8 Capital Partners and
0:38.5	Samir Samana from Wells Fargo Investment Institute.
0:41.1	Good afternoon to you both. Barbara want to get your
0:43.5	thoughts here on the market levels given the fact that we started the day with
0:48.0	the major averages higher, then we dipped lower, and then we ended basically
0:51.6	sort of in the middle here with a mixed picture.
0:55.0	Are we in the midst of a bare market rally from your take or is this a sustainable bounce,
1:00.4	especially since the Fed minutes weren't as scary as I think some folks had anticipated.
1:04.8	Right, right. I mean that has been the question all along, hasn't it? This January, is the beginning of a bull market
1:10.9	or bear market rally? I think we are not going to
1:13.6	retest the October lows. We've had a lot of weak economic data in good
	...

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