Closing Bell Overtime: GlobalFoundries CEO Talks Global Supply Chain, Earnings; Impact Of Moody’s Bank Downgrade 8/8/23

It looked like it would be a major negative session for the market but stocks staged a midday turnaround and closed well off the lows. G Squared’s Victoria Greene and Northwestern Mututal’s Brent Schutte break down the market action. Earnings from Lyft, Take-Two, Super Micro, Rivian and Twilio. GlobalFoundries CEO Thomas Caulfield talks his company’s latest quarterly numbers, why its guidance disappointed and the state of the global supply chain. Silverstein Properties CEO Marty Burger on the banking sector anxiety. Recursion CEO Chris Gibson talks earnings.