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Closing Bell

Closing Bell Overtime: What’s Next for your Money? 2/1/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 1 February 2023

⏱️ 49 minutes

🧾️ Download transcript

Summary

Investors are digesting all of today’s key Fed developments and are looking ahead to some critical earnings reports in the next 24 hours. Ritholtz Wealth Management’s Josh Brown gives his forecast for stocks. Plus, instant reaction to Meta’s results from Hightower’s Stephanie Link. And, DoubleLine’s Jeffrey Gundlach gives his exclusive, first take on the Fed and where he is seeing opportunity in the market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

All right, Sarah, thank you very much.

0:03.2

Welcome to overtime.

0:04.5

I'm Scott Wachner.

0:05.4

You just heard the bells.

0:06.5

We are just getting started from Post-9 here at the New York Stock Exchange.

0:10.4

And what a show we have for you today.

0:12.3

Any minute, Meta reports its earnings

0:14.7

what is certain to be one of the most closely watched reports of this season that

0:19.5

stock has rallied a lot lately we're gonna see if that move is justified or not.

0:23.6

And double lines, Jeffrey Gunlock joining me in just a bit, his first reaction to what the

0:27.3

Fed just did and what Chair Powell just said about the economy and the path ahead for interest rates and of course what all of

0:34.1

it means for the markets.

0:35.7

That is our talk of the tape today.

0:38.0

What happens now to your money as we digest today's developments and look ahead to even more critical earnings in the next 24 hours.

0:45.5

Let's ask Josh Brown, he's the co-founder and CEO of Riddholz Wealth Management.

0:49.7

He is here at post night. It's great to have you on a day like this we're waiting

0:54.6

for meta yeah there's a lot at stake for that stock and then of course we just

0:58.1

had Powell and what he did and what he said and you saw the market reaction seem to take it pretty dovish.

1:05.0

He was, I agree with what a lot of the previous commentators have said.

1:10.1

He was very calm.

1:11.4

I almost like I was listening before I was watching.

1:14.3

I almost expected to look up and see it without a tie on.

...

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