Closing Bell Overtime: Post-Powell Sell-Off 11/2/22
Fed Chair Powell says the tightening campaign still has “a ways to go” even if the pace of rate hikes slows. Stocks fell and yields jumped as investors back away from bets on an eventual fed pivot. Ritholtz Wealth Management’s Josh Brown and Schwab’s Liz Ann Sonders give their takes. Plus, Qualcomm shareholder Jason Snipe reacts to that company’s quarterly report. And – the headliner of the hour – DoubleLine’s Jeffrey Gundlach gives his first reaction to the Fed, Powell’s press conference and the market’s big turn lower.
November 2, 2022
44 min
Full
328 of 2,295
November 2, 2022
Closing Bell Overtime: Post-Powell Sell-Off 11/2/22
0:00 / 44:38
Excerpt playback isn’t available for this episode — use the full-episode link.
Search the Record
Moment search isn’t open for this episode yet
When it opens, you’ll be able to type any phrase and jump straight to the second it was said.
Cnbc Episodes Around November 2, 2022
Episode 328 of 2,295 — walk the feed in the order it was published.
44:38This episodeClosing Bell Overtime: Post-Powell Sell-Off 11/2/22
Summary
Fed Chair Powell says the tightening campaign still has “a ways to go” even if the pace of rate hikes slows. Stocks fell and yields jumped as investors back away from bets on an eventual fed pivot. Ritholtz Wealth Management’s Josh Brown and Schwab’s Liz Ann Sonders give their takes. Plus, Qualcomm shareholder Jason Snipe reacts to that company’s quarterly report. And – the headliner of the hour – DoubleLine’s Jeffrey Gundlach gives his first reaction to the Fed, Powell’s press conference and the market’s big turn lower. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
for information about our collection and use of personal data for
advertising.
Episode details and artwork are published by the show’s own feed. Sentinel plays short cited excerpts and links every episode back to its publisher.