meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: What An ARM IPO Would Mean; JPM Wins First Republic 5/1/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 1 May 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks close mostly lower, paring some afternoon gains. The Bahnsen Group’s David Bahnsen and Invesco’s Brian Levitt break down how earnings have fared so far. Former Uber Chief Business Officer Emil Michael talks possible green shoots for the IPO market, including a potential ARM offering. EQT CEO Toby Rice discusses his company’s stock outperformance despite natural gas prices falling. Former Reserve Bank of India Governor Raghuram Rajan on JPMorgan’s First Republic acquisition.

Transcript

Click on a timestamp to play from that location

0:00.0

Yeah, Monday reversal as the major index is finished down marginally.

0:05.0

That is the scorecard on Wall Street, but the action is just getting started.

0:08.7

Welcome to Closing Bell overtime.

0:10.1

I'm Morgan Brennan with John Fort.

0:11.9

It is another big week of earnings and this hour

0:14.8

we're gonna get results from an expi conductor, MGM, Cheg, Avis micro strategy and

0:20.6

many more. Plus we're gonna talk to the CEO of Natural Gas producer EQT about the brutal

0:25.8

starts of the year for the commodity and his outlook for energy as we kick off a new month.

0:31.1

Let's get right to the market action.

0:32.6

Joining us now is Investco Global Market Strategist Brian Leavitt and Bonson groups, David

0:37.3

Bonson.

0:38.3

Good afternoon to you both.

0:39.3

Brian, I'll start with you.

0:41.2

Your take on the markets here ahead of what is expected to be another very

0:44.9

busy week not only for earnings but for macro data and of course the Fed decision

0:49.0

on Wednesday what's priced in here?

0:51.0

Well I mean we priced in a recession over a year ago.

0:55.0

We've priced in a softish landing at the beginning of the year,

0:59.0

and we've been kind of bouncing around now,

1:01.0

and so the market is waiting to see what its next catalyst is is

1:06.2

the Fed going to explicitly back off its tightening stance and set the stage for what will be the new market cycle or is it going to be a little bit less explicit than that?

1:17.0

I suspect we're not going to get the clear answer on Wednesday,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.