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Closing Bell

Closing Bell Overtime: Where Does the Rally Go From Here? 2/9/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 9 February 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

“Too soon to declare victory over inflation” – that’s what JP Morgan’s Jamie Dimon says. So, where is the rally really going from here? Bryn Talkington of Requisite Capital Management gives her take. Plus, instant reaction to Lyft, PayPal and Expedia results. And, Mike Santoli explains what he is watching as we head into the final trading day of the week. 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, Michael, thank you very much and welcome to overtime.

0:04.0

I'm Scott Waffney, you just heard the bells.

0:05.7

We're just getting started from Post Night here at the New York Stock Exchange.

0:08.6

We have more earnings imminent.

0:10.2

We're waiting now for PayPal, Expedia, and Lift are reporters standing by to break in with those reports.

0:15.4

We of course will show you the stock moves as they happen.

0:19.2

Star analyst Dan Ives is waiting in the wings as well to tell us whether ride sharing is a winner-take-most business with

0:26.7

Uber shares the best way to play it.

0:29.1

We shall see.

0:30.5

We begin though with our talk of the tape too soon to declare victory over inflation

0:34.6

those words today from JP Morgan CEO Jamie Diamond rates that have been moving

0:40.0

higher that's weighing on stocks again so where is this rally going from here

0:44.0

let's ask Brent talkington of requisite capital management also a C. M.C.

0:47.8

contributor right here with me at post nine that's what said. People should take a deep breath on this

0:55.3

one before they declare victory because a month's number looked good. It's

0:59.0

perfectly reasonable for the Fed to go to 5% and wait a while.

1:03.0

That's what he said.

1:04.0

What do you think?

1:05.0

That's what Powell said.

1:06.0

That's what everyone else said.

1:08.0

It's just the market doesn't believe it.

1:09.0

And I think that investors really need to understand this year is that nothing

...

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