Closing Bell Overtime: What Bank Earnings Say About The Economy; New Stakes In The Search Engine Arms Race 04/17/23
Averages finished at session highs today, closing in the green. JPMorgan\u2019s Phil Camporeale and Fidelity\u2019s Jurrien Timmer break down what to expect ahead of this busy week of earnings. Our Steve Kovach discusses what\u2019s at stake in the AI search wars after Alphabet shares dropped on a report Samsung may turn to Bing for its default engine. Argus Research\u2019s Stephen Biggar on what bank earnings have revealed so far and what name is best positioned going forward. It\u2019s been four straight weeks of gains for oil; Sadad Al-Husseini on what\u2019s driving the move higher and where the price is headed for the rest of 2023. Meanwhile, Moderna stock fell despite some promising cancer vaccine data. Wells Fargo analyst Mohit Bansal on why there is a disconnect between the excitement companies are feeling and how investors are reacting. Plus, Deepwater\u2019s Gene Munster on what to watch in Netflix\u2019s earnings report tomorrow.