Closing Bell Overtime: Recession Fears Fade = Rally Time? 1/26/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 26 January 2023
⏱️ 44 minutes
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| 0:00.0 | All right, sir, thank you very much and welcome everybody to overtime. |
| 0:03.7 | I'm Scott Walker. |
| 0:04.7 | You just heard the bells, we're just getting started for Post-9 here at the New York Stock Exchange. |
| 0:08.8 | Intel and Visa, their earnings are imminent. |
| 0:11.4 | One, a good check on tech and demand for chips at a time |
| 0:14.4 | when that sector's been surging. The other real-time checkup on the consumer. |
| 0:18.0 | Our reporters as always standing by to break in with those details. We'll show you how the |
| 0:22.4 | stocks trade after the |
| 0:23.9 | numbers hit. We begin though with our talk of the tape. Have those imminent |
| 0:28.1 | recession fears been pushed off enough now that this rally can actually last |
| 0:31.8 | longer than many thought. |
| 0:33.6 | Let's ask Kevin Gordon, he's the senior investment strategist at Charles Schwab here with me |
| 0:38.6 | at post night. |
| 0:39.6 | I feel like it's good to see again. |
| 0:40.4 | I feel like that's the question of the moment, right? |
| 0:42.4 | Every piece of data that came |
| 0:43.7 | out today was pretty good the economy appears resilient at least to some respects |
| 0:48.8 | not one that's ready to go off a cliff so if we can say a recession is pushed further off why doesn't this rally have a rolling recessions being already present in the economy and I think you know if we're |
| 1:04.1 | looking at a metric like GDP very relevant for today even if you go below the |
| 1:08.2 | surface of some of the you know the headline metric of the 2.9% growth that we got. |
| 1:13.2 | You know, something like real final sales |
| 1:14.8 | to private domestic purchasers. |
... |
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