Mag 7 Reports Results… And The Latest Fed Rate Decision 1/28/26

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 29 January 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Meta, Microsoft, and Tesla on the move as the tech giants kick off Mag 7 earnings. The numbers out of their quarters, and what Fast Money friend Gene Munster sees in store for the group. Plus, Powell’s pause. The Federal Reserve leaving rates unchanged, as the central bank’s economic view improves. What Fed Chair Jerome Powell had to say about their latest decision, and who could be his replacement as President Trump ramps up his criticism. Fast Money Disclaimer

Transcript

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0:00.0	Live for the NASAC market site in the heart of New York City's Times Square, this is fast money.
0:06.3	Here's what's on top tonight.
0:07.6	The MAG7 earnings kickoff, meta, Microsoft, and Tesla all on the move.
0:11.6	We're dialed into the calls and bringing you all the details on the latest quarters.
0:15.0	And the Fed in focus, the central bank taking a break from recent rate cuts as the economy improves,
0:19.9	but inflation remains elevated. All the details from the decision and what it means for the markets as the S&B 500 crosses 7K for the first time. Plus, Starbucks loses its buzz after a strong start to the session. AT&T pops after its latest earnings report and a luxury letdown. What had LVMH stock sinking in today's session? I'm Melissa Lee. Come to you live from studio at the NASDAQ. On the desk tonight, Tim Seymour, Dan Nathan, Guy Adami, and Michael Kontopoulos, Deputy Chief Investment Officer at Richard Bernstein Advisors. Welcome, Michael. And we start off with that $6 trillion earnings night. Chairs of META, Microsoft Tesla, all on the move after their latest reports.
0:55.6	We've got full team coverage standing by.
0:57.2	Steve Kovac standing by with Microsoft.
0:59.2	Philibos got Tesla, but we start off with Julia Borson on META's massive move.
1:03.7	They are higher after reporting earnings and revenues that beat estimates giving strong guidance.
1:08.2	Julia.
1:09.1	Yeah, that's right.
1:10.2	Meta shares shaking off concerns about
1:11.8	growing CAPEX with much better than expected first quarter revenue guidance. The company did guide
1:16.9	to 2026 capital expenditures in a range of 115 to 135 billion versus the 110 billion consensus
1:24.8	estimate. But CEO Mark Zuckerberg and CFO Susan Lee are on the call explaining right now what that will buy them.
1:31.5	Mark Zuckerberg saying AI will enable agentic shopping, increase the capabilities on WhatsApp and improve content creation.
1:38.5	Plus, we heard a lot throughout the call so far about AI improving internal development, enabling fewer employees to do more.
1:45.9	Meta is also improving its core business, reporting a 6% increase in average price per ad,
1:51.0	with increasing monetization efficiencies, as they put it. And some positive news for some of
1:56.5	their newer businesses, sales of their glasses more than tripled last year. They said threads
2:01.7	at seeing momentum and is expanding to more countries. They said paid messaging on WhatsApp
	...

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