Closing Bell: Stocks fade into the close, Spotify CFO on results, Hawaiian Airlines chief talks travel 4/27/22

Closing Bell

CNBC

Business, News

4.4 • 141 Ratings

🗓️ 27 April 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks closed well off their highs in a choppy day of trading, with results from Visa and Microsoft boosting the Dow, while Boeing and Alphabet dragged. Victor Jones from Tastytrade and Megan Horneman from Verdence discuss the read-through from tech earnings for the rest of the mega-cap names. Hawaiian Airlines CEO Peter Ingram joins to talk about his quarterly earnings and his deal for in-flight WiFi with SpaceX, as that stock takes a dive. And the CFO of Spotify breaks down subscriber and ad trends as the streaming platform makes a move lower. 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	Stocks are trading in a wide range today. We're off the highs but holding on to
0:03.5	gains as we head into the close. Most important hour of trading starts right now.
0:06.9	Welcome everyone to Closing Bell. I'm Sarah Eis and here's where we stand right now in the
0:10.7	market. Dows up about 200 points. We got as high as up 4.57 but we also
0:14.8	dip negative at one point in the session so it's really been all over the place. Looks like the
0:18.8	gains are holding here. The S&P 500 up half a percent. We're still down about 2 percent for the week at least on the
0:24.9	NASDAQ which has been really the eye of the storm lately on earnings and on selling.
0:29.9	It's up today up a third of 1 percent but there is weakness there on some of the names including
0:34.7	Alphabet and Meadowich reports later.
0:36.7	Chart of the day though goes to Boeing, falling hard after posting a much wider than expected
0:41.7	quarterly loss.
0:43.1	It is by far the worst performer in the Dow down 9%.
0:46.4	Coming up on today's show, the latest read on the travel industry.
0:49.8	Hawaiian airline stock is tanking today on the back of earnings.
0:53.1	We'll talk to the CEO and a first on C.M. B. interview.
0:56.1	Also check out shares of Spotify.
0:58.2	They are sinking as well.
0:59.4	Following results before the bell down 12%.
1:01.5	The CFO joins us with the latest read on subscribers
1:04.4	advertising demand and more that guidance disappointing the street let's get
1:09.0	straight to the market though in today's action in technology alphabet the latest mega cap to disappoint the street and
1:15.0	it comes after Netflix shed a third of its value on the back of the shocking
	...

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