Closing Bell: Stocks make another big comeback, Microsoft’s messaging, Sir Martin Sorrell on DOJ’s case against Google 1/25/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 25 January 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks staged another impressive intraday comeback in Wednesday trading, with the Dow erasing a 460 point loss. Microsoft was a big part of that reversal, initially falling on soft guidance but gaining ground throughout the session. Analyst Keith Weiss and Barbara Doran from BD8 Capital Partners discuss the messaging from Microsoft and the readthrough for the rest of tech earnings. Ad titan Sir Martin Sorrell joins to break down the DOJ’s case against Google, and what it means for other players in the space. Plus the latest on earnings from Boeing and AT&T, and why Wall Street is buzzing about Fed vice chair Lael Brainard. 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	Stiding amid a wave of earnings reports, but take a look we've made a serious comeback throughout the session.
0:06.2	The Dow was down 460 points at the worst levels of the day earlier, and now we're at the highs,
0:12.4	down only 15. This is the make or break
0:13.9	hour for your money welcome everyone to closing bell I'm Sarah Eisen
0:17.6	take a look at where we stand broadly there's the Dow down 15 the S&P 500 down
0:21.5	about six points or so you've got a few groups going strong
0:25.3	financials having a good day despite the fact that Treasury yields are lower
0:28.5	consumer discretionary is also higher you've got a lot of the e-commerce names and the travel names
0:33.8	working well today. Retailers too having a good day. The NASDAQ's down about
0:37.9	a quarter of 1%. Technology is underperforming. We're going to talk a lot more
0:41.8	about tech and the
0:43.2	Microsoft reaction looking ahead to some other earnings later in the show. Check
0:46.8	out some of today's key earnings movers. Microsoft and Boeing both making a
0:51.3	pretty big comeback.
0:52.6	Microsoft at one point popped positive
0:54.8	after it was lower on the back of guidance.
0:57.0	AT&T jumping on strong subscriber numbers,
1:00.0	up more than 6%.
1:01.8	Coming up on the show, we will talk to Ad Titan, Sir Martin Sorrell,
1:06.2	about the Justice Department's case against Google
1:09.0	what it means for other players in the space.
1:11.5	First up, though, let's get to the market dashboard to break down
	...

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