Closing Bell Overtime: Jerome Powell Hikes Rates For The 10th Time In A Year; Stocks Slide Into The Close 5/3/23
b'Stocks slid into the close today after Fed Chair Jay Powell\\u2019s press conference. Jefferies Chief Market Strategist David Zervos and Unlimited CEO Bob Elliott break down the market\\u2019s reaction to the Fed\\u2019s 10th hike in a little over 12 months. Former Fed Vice Chair Alan Blinder and former CEA Chair Jason Furman read the tea leaves from Powell and the Fed. Qualcomm shares slid in Overtime after issuing weak guidance; Susquehanna analyst Chris Rolland discussed what investors should do with the stock. Host Hotels CEO Jim Risoleo joins the show after the company posted strong earnings and raised its full-year forecast; he talks the state of his customers and where they are spending money. Plus, Bernstein\\u2019s Toni Sacconaghi previews tomorrow\\u2019s big tech behemoth reporting: Apple.'