Closing Bell

Stocks Sink, Fed Up & CVS CEO On Earnings 11/2/2022


Listen Later

It was a wild ride on Wall Street. Stocks initially rallying after the Federal Reserve raised interest rates by 75 basis points, but signaled it could soon slow those rate hikes, but the market sold off after Fed Chair Jay Powell was more hawkish than expected during his news conference. Atlas Merchant Capital CEO Bob Diamond weighs in on the market reaction and says he thinks the Fed will begin pausing its rate hikes when it reaches 4.5%. Bridgewater's Karen Karniol-Tambour says the market is pricing in an impossible scenario that the economy will remain strong and inflation will go away on its own. She discusses where she sees opportunities for investors. Jefferies Chief Market Strategist David Zervos doesn't think this sell off is a buying opportunity and believes any upside to the market is capped right now. And CVS Health CEO Karen Lynch breaks down her company's stronger than expected earnings and guidance and discusses the state of the consumer amid rising interest rates and inflation. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
for information about our collection and use of personal data for
advertising.
...more
View all episodesView all episodes
Download on the App Store

Closing BellBy CNBC

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

128 ratings


More shows like Closing Bell

View all
Mad Money w/ Jim Cramer by CNBC

Mad Money w/ Jim Cramer

4,082 Listeners

Motley Fool Money by The Motley Fool

Motley Fool Money

3,227 Listeners

CNBC's "Fast Money" by CNBC

CNBC's "Fast Money"

1,358 Listeners

CNBC's "Options Action" by CNBC

CNBC's "Options Action"

240 Listeners

Your Money Minute by CNBC

Your Money Minute

150 Listeners

Investing Insights by Morningstar

Investing Insights

536 Listeners

The Exchange by CNBC

The Exchange

327 Listeners

Fortt Knox by CNBC

Fortt Knox

67 Listeners

Strange Success with Jane Wells by CNBC

Strange Success with Jane Wells

153 Listeners

The Tech Download by CNBC

The Tech Download

34 Listeners

Schwab Market Update Audio by Charles Schwab

Schwab Market Update Audio

356 Listeners

Squawk Box Europe Express by CNBC International

Squawk Box Europe Express

45 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,170 Listeners

Squawk on the Street by CNBC

Squawk on the Street

598 Listeners

The Brave Ones by CNBC (UK) Ltd

The Brave Ones

5 Listeners

Squawk Pod by CNBC

Squawk Pod

569 Listeners

The Keynote by CNBC Events by CNBC

The Keynote by CNBC Events

20 Listeners

Barron's Streetwise by Barron's

Barron's Streetwise

1,583 Listeners

Barron's Live by Barron's Live

Barron's Live

210 Listeners

Halftime Report by CNBC

Halftime Report

423 Listeners

CNBC's "Last Call" by CNBC

CNBC's "Last Call"

300 Listeners

Worldwide Exchange by CNBC

Worldwide Exchange

123 Listeners

RiskReversal Pod by RiskReversal Media

RiskReversal Pod

827 Listeners

Manifest Space with Morgan Brennan by CNBC

Manifest Space with Morgan Brennan

36 Listeners

CNBC’s “Money Movers” by CNBC

CNBC’s “Money Movers”

17 Listeners

Power Lunch by CNBC

Power Lunch

29 Listeners

CNBC Business News Update by CNBC

CNBC Business News Update

11 Listeners

CNBC Sport by CNBC

CNBC Sport

17 Listeners

Executive Decisions with Steve Sedgwick by CNBC

Executive Decisions with Steve Sedgwick

0 Listeners