Closing Bell: Tech’s Toughest Test Yet 2/1/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 1 February 2024
⏱️ 35 minutes
🧾️ Download transcript
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| 0:00.0 | All right, guys, thanks so much. Welcome to Closing Bell. I'm Scott Wotner live from Post 9 here at the New York Stock Exchange. |
| 0:05.2 | This make-or-break hour begins with the countdown to three of the most important earnings reports of this season. |
| 0:10.5 | You know by now, Apple, Amazon, Meta, they're all hitting in just about one hour. |
| 0:15.1 | We do have ownership all over the desk today of all of those stocks, and we're going to hear |
| 0:19.1 | from our experts in just a few minutes to get you set up. |
| 0:22.1 | In the meantime, your score card with 60 minutes to get you set up. In the meantime your scorecard with 60 |
| 0:23.8 | minutes to go in regulation looks like this. A nice bounce back for the major |
| 0:27.9 | averages today. That following the market's March Madness meltdown during the |
| 0:32.2 | pal presser just one day ago. |
| 0:34.3 | Tech a big reason why as well as most of the mega cap names are on the rise today. |
| 0:38.9 | Interesting moves in interest rates to their falling despite the fact that well there's going to be |
| 0:45.0 | that delay apparently in rate cuts according to Powell it does take us to our |
| 0:49.7 | talk of the tape text toughest test yet with those key earnings looming in |
| 0:53.9 | overtime. With us to debate and discuss what's really at stake this evening in |
| 0:58.4 | overtime is Stephanie Link. High Towers chief investment strategist in portfolio manager. |
| 1:03.6 | She's been buying more Amazon stock lately. |
| 1:06.1 | Malcolm Etheridge of C. I.C. |
| 1:07.5 | Wealth owns Apple and Amazon. |
| 1:09.8 | And Verdes is Joe Terraova. |
| 1:11.1 | He owns Apple and Meta and several of the other mega cap names as well. |
| 1:15.1 | All three, of course, C and B. contributors. Welcome everybody. |
| 1:19.3 | So everybody owns Apple. |
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