meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell: Stocks pull back on final day of October, Former Twitter COO on Musk 10/31/22

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 31 October 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Stocks came under a bit of pressure in Monday trading, but managed to lock in strong gains for October. Sameer Samana from Wells Fargo and Jim Paulsen from Leuthold Group debate the outlook for the market in the home stretch of the year. NBER Chair John Lipsky gives a preview of two key catalysts coming up this week – the Fed decision and the jobs report. Former Twitter COO Ali Rowghani discusses Elon Musk’s vision for the social media company and what it means for the business model. Plus the latest on Apple’s pullback, the impact of Brazil’s election, and how to position in retail ahead of the holidays. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0

Thanks under a bit of pressure on this final day of October, but still looking to lock in big gains for the month.

0:05.0

This is the make or break hour for your money.

0:08.0

Welcome everyone to Closing Bell. I'm Sarah Eisen.

0:10.0

Take a look at where we stand right now in the market down 89 points or so on the Dow

0:13.6

the lower the day was down 274 so we're off that down six tens of a percent

0:18.2

right now in the S&P 500 if you want to know it's working, it's like everything,

0:23.0

then a tale of mixed sectors.

0:25.0

Energy is the best performing.

0:26.3

It's up one more than 1%.

0:28.1

I guess that's it at this moment in terms of sectors.

0:30.2

Everyone else is lower.

0:31.3

Communication services and technology under the most

0:33.7

pressure the NASDAQ down 1% tenure no yield above 4%. Check out the

0:38.9

scorecard for October for the major averages. The Dow is pacing for its best monthly gain since

0:44.8

1976 and there are a ton of market catalysts coming up in just the next two weeks

0:49.9

including the Fed meeting which kicks off tomorrow big decision on Wednesday and then

0:55.0

Friday it's the jobs report we'll see if there's any slowdown evident the

0:59.4

midterm elections early next week and we'll also get October

1:03.4

C. P. I.

1:04.6

toward the back half of next week.

1:06.1

Coming up on the show today, we're going to talk about all of those events

1:08.8

when we are joined by National Bureau of Economic Research Chair John Lipsky,

...

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.