Closing Bell Overtime: Stocks Surge, Bank Balance Sheets & Intel's CEO 4/28/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 28 April 2023
⏱️ 48 minutes
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| 0:00.0 | Well you got your scorecard on Wall Street but winter's day late |
| 0:04.0 | even on a Friday welcome to closing bell overtime I'm John Ford |
| 0:06.8 | Morgan Brennan is off today we've got a big hour coming your way as we wrap up the month of April and look ahead to May. |
| 0:13.8 | We're going to hear from Pat Gelsinger, CEO of Intel, as that stock jumps, despite reporting |
| 0:19.0 | its largest quarterly loss in company history and perhaps some light at the end of the inventory |
| 0:24.7 | tunnel. Plus former FDIC chair Sheila Bear joins us to break down the latest on |
| 0:29.6 | Troubled Lender First Republic and the Fed's findings on the collapse of |
| 0:33.4 | S. V. and Signature Bank. Let's get straight into today's market action. |
| 0:37.3 | Joining us now are Victoria Green from G-squared Private Wealth and Matt |
| 0:41.0 | Orton from Raymond James Investment Management. |
| 0:43.7 | Happy Friday to both of you. |
| 0:46.0 | Let's see. Victoria, what what do you think the setup into May is given we got through a bunch of the regional banks we got some |
| 0:55.6 | strong results from big companies but still smaller stocks looking shaky what should investors do here |
| 1:04.0 | right and I think you got to be cautious right now. We've had a decent April, I think S&P up about 120 basis points on the month, |
| 1:08.0 | but when we look at it, what's going to be our catalyst going forward? |
| 1:11.0 | I think we're going to turn attention to the Fed and I think |
| 1:13.1 | reality is going to come back and slap these markets back down. We are hitting this |
| 1:16.8 | 4150, 4200. We've stalled out here two, three times in the past and so I |
| 1:21.8 | think it's unlikely with the bulk of the mega cap |
| 1:24.1 | earnings behind us and how much of the cap has reported. Yes, we have another |
| 1:27.5 | busy earnings week next week and we have Fed Week. I think you're just set up that I |
| 1:31.1 | think it's a little more probable. We could see some near-term downside just because I think the Fed is going to have to fight |
... |
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