Closing Bell: What’s Riding on Big Tech’s Big Reports? 10/29/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 29 October 2024
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell. I'm Scott Wavner live from Post 9 here at the New York Stock Exchange. |
| 0:04.8 | This make a break hour begins with the first mega cap to report earnings alphabet in just about an hour. |
| 0:10.0 | We'll ask our experts what's at stake for that stock for the stock market as well. |
| 0:14.1 | Let's take a look at the scorecard here with 60 minutes to go in regulation. |
| 0:16.9 | For the most part's been a mixed day. |
| 0:18.8 | Stocks did get a little bit of a boost on a strong Treasury auction. That took the edge off yields a little bit |
| 0:24.7 | which is helping just a bit as well. Take a look at home builders. They're |
| 0:29.0 | weaker after D.R. Horton's results. There's Pultian Toll also down today. |
| 0:34.5 | Ford's guidance, a big drag on that stock |
| 0:37.0 | and the autos in general, GM, Tesla also lower. |
| 0:40.6 | How about Broadcom though, jumping on a report that open AI will build its first chip with that company in Taiwan semi nice gain for Broadcom there just take us to our talk of the tape all that is riding on big text big reports. Let's bring in Dan Greenhouse of solace |
| 0:54.6 | alternative asset management with me here at post night it's good to see you thank |
| 0:58.8 | you sir so strategic is today says this is a make or break week is that how you see it I feel like we've |
| 1:04.7 | had several make or break weeks this year and they've all made it and I |
| 1:09.2 | imagine this one will be much of the same I mean listen obviously this is an |
| 1:12.2 | important week you get |
| 1:13.5 | the jobs report on Friday although I'm sure much of that will be and should be |
| 1:18.8 | discounted but but more more pressingly for markets you get obviously large |
| 1:23.6 | large cap earnings beginning with Google and I think the interesting thing with |
| 1:26.8 | Google is a lot a lot of the bag seven if you will have done okay apple I've done well not this one not |
| 1:34.7 | this one that's right and it plays into the broadening trade but but for |
| 1:38.5 | Google I think that obviously there is they're arguably the most interesting |
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