Closing Bell Overtime: Stocks Sink in Final Hour of Trade 2/16/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 16 February 2023
⏱️ 44 minutes
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| 0:00.0 | All right, sir, thank you so much. Welcome to overtime. |
| 0:03.5 | I'm Scott Watner. You just heard the bells. |
| 0:05.4 | We are just getting started from Post-9 here at the New York Stock Exchange. |
| 0:09.0 | And we have another big night of earnings upon us. |
| 0:11.2 | Draftings in Doradash and Applied Materials will have the reports. big night of earnings upon us, drafting and door dash |
| 0:12.8 | and applied materials. |
| 0:14.0 | We'll have the reports and the stock moves |
| 0:16.0 | as they happen. |
| 0:17.2 | Plus, a big time market watcher coming right here |
| 0:19.4 | to post nine to argue why an even bigger pullback than what we saw today might be coming. |
| 0:25.4 | We'll debate that call what it might mean for your money moving forward. |
| 0:28.8 | We do begin though with our talk of the |
| 0:33.2 | consumer piling up debt the market piling up gains this year and all of it happening while the Fed is piling up |
| 0:36.7 | rate hikes and is likely to do even more. |
| 0:38.7 | Does something have to give it's the key question let's ask Liz Young |
| 0:42.2 | so-by's head of investment strategy. |
| 0:44.2 | She's right here with me at post nine. This speaks to, welcome back. It speaks to the |
| 0:48.7 | Don't Fight the Fed versus Don't Fight the tape. You know, Messers out today saying, |
| 0:52.4 | yeah, I would have done |
| 0:53.6 | 50 Bullard who's not a voter but still says all you know 50 may be needed what do you |
| 0:58.9 | make of all this now well you know what's funny is that if you rewind |
| 1:01.8 | about a month ago the market was |
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