Closing Bell Overtime: Snap Cracks 10/20/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 20 October 2022
⏱️ 45 minutes
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| 0:00.0 | All right, Chair, thank you very much and welcome everybody to overtime. |
| 0:03.0 | I'm Scott Wabner, you just heard the bells. |
| 0:04.8 | We are just getting started from Post-9 here at the New York Stock Exchange. |
| 0:09.2 | Snap Earnings, they are less than five minutes away. |
| 0:12.0 | We'll have the report and the stock move, |
| 0:13.8 | which as we've seen over the past many months |
| 0:16.4 | can be pretty volatile to say the least, |
| 0:19.1 | investors at least, are certainly hoping the worst is over |
| 0:22.2 | with shares already down more than |
| 0:23.5 | 75% year to date and we begin though with our talk of the tape another |
| 0:27.8 | hawkish Fed member speaks another move higher in interest rates and |
| 0:30.7 | another cooling off of stocks. |
| 0:34.0 | Stop me if you've heard this before, but it is becoming the norm. |
| 0:36.4 | The question is, is it too much to overcome for the Bulls, who are hoping this rally |
| 0:40.1 | has some more legs and point to strong earnings as a reason why. |
| 0:43.2 | Well let's ask so-fies head of investment strategy Liz Young, New Edge is Cameron |
| 0:47.4 | Dawson and truest Keith Lerner all three of course are right here at |
| 0:50.9 | post nine. Liz I'll ask you that first i mean should we |
| 0:54.1 | bet on the rally resuming or rolling over |
| 0:57.8 | because rates remain very much the story |
| 1:01.0 | so rates do continue to be the story but I think actually the bigger story right now is |
| 1:05.0 | earnings and we're really going to heat up into earnings season later this week and next |
... |
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