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Closing Bell

Closing Bell: Stocks & The Storm 1/23/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 23 January 2026

⏱️ 42 minutes

🧾️ Download transcript

Summary

The big question hanging over this market is NOT how good will mega cap earnings be… but how much snow are we getting this weekend. 200 million people are in the path of this monster storm – and the energy market has been moving on it. We break down all the details from how much snow to expect to the surge in natural gas to the airline impact with our all-star team. Plus, Renaissance Macro Research’s Jeff DeGraaf tells us the four big breakouts he’s watching as we end this trading week. And, Lo Toney from Plexo Capital breaks down his earnings playbook ahead of some big tech reports next week.

Transcript

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0:00.0

All right, guys, thanks so much.

0:02.0

Welcome to closing bell.

0:03.0

I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange.

0:06.7

This make or break hour begins with stocks in the storm, one acting more volatile lately.

0:12.2

The other looking especially vicious as it slams a large part of the country into the weekend.

0:17.0

We'll get that update in just a moment.

0:19.8

In the meantime, let's show you the scorecard here with 60 to go in regulation. We have been mostly lower throughout most of the day. The Russell getting hit pretty hard today. S&P and the NASDAQ are trying to get something going. And the NASDAQ's been the best of the majors. The Russell's been the best by far year to date, but it's given a little bit back. Intel,

0:38.3

oh, it's getting hammered today after giving a very weak outlook. That stock down at the lows

0:43.0

of the day, down 18%. Microsoft, Meta, Amazon, they're running a bit as those earnings loom

0:49.3

next week, and that takes us to our talk of the tape. The big question hanging over this market,

0:54.0

not how good will mega cap earnings be, but how much snow are we getting this weekend?

1:01.1

200 million people in the path of this monster storm.

1:03.7

Energy's been moving on it.

1:05.2

Prediction markets are a buzz with bets.

1:07.6

And Accuethers, Jeff Cornish, joins us now with the very latest.

1:10.5

Jeff, what can you tell us?

1:27.9

All right, Scott, this is going to be a very, very high-impact event here. The biggest winter storm, the central, southern, and eastern U.S. has faced in several years. 200 million of us are going to be affected by this. Travel shut down east of the Rockies into early next week. One of the big aspects of this storm that will have a lot of implications for life as cold air sets in, we're going to have

1:32.9

major freezing rain problems across the south and into the southeast, up into the mid-Atlantic

1:37.8

states as well as we move through the next several days. It begins in Dallas this evening and

1:42.8

tonight with some rain changing to freezing rain then sleep but big time problems into

1:47.2

Atlanta, Charlotte into the end of the weekend. Heavy snow on the north side

1:50.9

as you mentioned we're gonna be dealing with a hard hit areas especially near

...

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