Closing Bell

@closingbell · Podcast

Latest segments

• Oil tops $100, 2026-10-30
  Reports Brent topping $118 and falling output
  Pippa Stevens reports Brent topping $118 with four straight weeks of gains, and puts a number on the supply side: output around 12 million barrels a day, down from 17 million a couple of weeks ago. Also carries Exxon's Darren Woods splitting the product crunch into thirds.
• Intel's weak Q4 guide, 2026-10-30
  Recaps Intel's guide and the SOX breakdown
  Recaps the October 30 close, with Intel's guidance-driven drop crushing chips: the SOX lost 8% and closed below its 200-day moving average for the first time in a year and a half, while staples and health care rotated higher. Santoli argues earnings growth has stopped lifting stocks.
• Tech stock sell-off, 2026-10-30
  Debates positioning after the AI sell-off
  Panel segment on the sell-off: Aliaga stays positive, arguing the shift to externally financed AI investment makes sentiment the swing factor; Simpson keeps dry powder, citing the Anthropic rating rumor and Tuesday's midterms. Reaction and positioning, not new reporting.
• Binance's $6.3B heist, 2026-10-30
  Recaps the heist and adds FBI and Secret Service roles
  Recaps the heist on air: North Korean attribution, $6.3 billion moved in about 20 minutes, the Bybit comparison, withdrawals paused until the rebuilt system passes testing, and the crypto sell-off. Stays inside the week's coverage, adding only the FBI and Secret Service roles.
• OpenAI and Anthropic IPO economics, 2026-10-30
  Adds Damodaran's $1.4 trillion Anthropic valuation
  Brings Damodaran on to put a number on Anthropic: about $1.4 to $1.5 trillion even under a royal-flush case of $1 trillion in revenue in ten years, before any governance discount. Ives calls the week a nightmare for tech bulls.
• Amazon Q3 earnings preview, 2026-10-29
  Argues retail is not existentially broken
  Tim Seymour reacts to Amazon's post-earnings drop, arguing retail is not existentially broken and the AWS whisper number got too high. Opinion and framing on the quarter, with no new development in the story.
• Intel's weak Q4 guide, 2026-10-29
  Puts numbers on Intel's PC hole
  Bernstein's Stacey Rasgon works through the guide and puts numbers on the PC hole: Q3 shipments down more than 20% year over year and double digits sequentially, the worst sequential quarter in about 20 years, with client revenue implied down at least 20% in Q4. She also flags gross margin guidance 400 basis points below the street.
• Intel's weak Q4 guide, 2026-10-29
  Reframes Intel's PC story as foundry cover
  Brings on a foundry analyst who takes Intel's memory-price explanation for the PC demand falloff and reframes it: he says the PC story may be cover for Intel's foundry problems, and that he sees no customer working with Intel for wafer loading one or two years out.
• Amazon Q3 earnings preview, 2026-10-29
  Reads the drop as a retail problem
  Maxim's Tom Forte reads the after-hours drop as a retail problem, not an AWS one: higher gas prices and a tough macro backdrop heading into the big fourth quarter. He keeps his buy and $350 target and expects a rebound, and flags trust as the hurdle for agentic commerce.
• Amazon Q3 earnings preview, 2026-10-29
  Picks up Amazon's light Q4 guidance
  Picks up the post-print thread on Amazon's guidance: Q4 operating income and sales both light at the midpoint, capex reaffirmed at $220 billion, and Jassy's release quote projecting AWS growth above 40% in 2027 and 2028. Also flags Morgan Stanley's read that the buy side wanted 44% AWS growth.
• Intel's weak Q4 guide, 2026-10-29
  Sizes the drop and the data center offset
  Benchmark's Cody Acree sizes the after-hours drop at about 22 percent and puts numbers on the offset: data center beat by about $500 million, foundry by about $200 million, while PC market estimates are now down 20 to 25 percent for the year. He stays long the AI CPU and foundry thesis.
• Intel's weak Q4 guide, 2026-10-29
  Follows the guide with the CFO's outlook
  Follows the Intel guide with the CFO's outlook: the PC slowdown runs at least through the first half of next year, memory prices stay elevated into next year, and 2028 is the open question. Notes Micron rose after hours on those comments.
• Amazon Q3 earnings preview, 2026-10-29
  Reports the actual Amazon print
  Reports the actual Amazon print: a seven-cent EPS miss at $1.89 and revenue of $201.9 billion, with AWS growth of 39.3% and AWS revenue of $46 billion both beating while North America and online stores came in light. The stock fell almost 9% after hours.
• Intel's weak Q4 guide, 2026-10-29
  Reports the beat and soft Q4 guide
  Reports Intel's Q3 beat and the soft fourth-quarter guide, with CFO David Zinsner attributing the demand falloff to high memory prices squeezing PC budgets. Also covers foundry customer lock-ins, packaging progress and the $23 billion equity sale.
• Alphabet's Q3 miss, 2026-10-29
  Recaps Alphabet's worst day ever
  Recaps the regular session around Alphabet's worst day ever: the Nasdaq down about 1.4 percent, the S&P down a third of a percent, the Dow off about 150. Reads it as an AI disruption trade and a possible rethink on capex pace, and flags the heavy volume.
• Amazon Q3 earnings preview, 2026-10-29
  Adds options positioning pricing an 8% move
  Pre-earnings market-zone segment on Amazon, Starbucks and Intel. The Amazon portion adds options positioning: traders price an 8% move, well above the under-6% norm, and one trade sells a 220 put against a 330 call for June.
• Schwab's record quarter, 2026-10-29
  Reports the Claude rollout from Schwab's conference
  Reports from Schwab's Impact Conference in Boston, where 6,000 advisors gathered, and interviews advisor services head John Beatty on the AI rollout: the Anthropic Claude partnership went live the night before, the Wealth.com Ester tool was extended, and Schwab took a strategic stake in Nevis.
• Amazon Q3 earnings preview, 2026-10-29
  Previews AWS growth and the $496 billion backlog
  Previews Amazon's report with the Street at 38% AWS growth and a whisper number in the low 40s, then works through capex, free cash flow and funding. Adds the backlog figure and the debt raised over the past year as the panel's test of whether the build-out is paid for.
• Alphabet's Q3 miss, 2026-10-28
  Frames the print with a record-drop warning
  Brings Bespoke's Paul Hickey on to frame the Alphabet print: search is the overhang, and a 9.7 percent drop would be the worst one-day earnings reaction in the company's public history. Also notes two straight quarters of roughly 30 percent S&P earnings growth against a flat market.
• Alphabet's Q3 miss, 2026-10-28
  Walks the search growth slide to 12 percent
  Brent Thill runs through Microsoft's beat and Oracle's capped fundraising before turning to Alphabet, where he walks the search growth slide from 19 to 17 to 12 percent and notes cloud was the only segment to beat. A recap of the print, with no new figure.