43 min listen
Snap Plunges and Drags Down Tech, Markets Fall After Monday Rally, and Retail Earnings Parade Pains and Gains 5/24/22
Snap Plunges and Drags Down Tech, Markets Fall After Monday Rally, and Retail Earnings Parade Pains and Gains 5/24/22
ratings:
Length:
43 minutes
Released:
May 24, 2022
Format:
Podcast episode
Description
Carl Quintanilla, David Faber and Mike Santoli led off the show with a look at shares of Snap tumbling and falling below its
2017 IPO price on the company’s profit warning. The anchors reacted to Snap's news dragging down social media stocks including Twitter, Pinterest and Facebook parent Meta Platforms. How might Twitter's decline impact Elon Musk's takeover bid for the company? Also in focus: Markets pulling back after Monday's rally, Best Buy rises and Abercrombie & Fitch plummets on earnings news, sources tell David that Broadcom is in talks to pay in the $140/share range for VMWare, plus a look at Jim Cramer's "green thumb."
2017 IPO price on the company’s profit warning. The anchors reacted to Snap's news dragging down social media stocks including Twitter, Pinterest and Facebook parent Meta Platforms. How might Twitter's decline impact Elon Musk's takeover bid for the company? Also in focus: Markets pulling back after Monday's rally, Best Buy rises and Abercrombie & Fitch plummets on earnings news, sources tell David that Broadcom is in talks to pay in the $140/share range for VMWare, plus a look at Jim Cramer's "green thumb."
Released:
May 24, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/08/2019: The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds by Squawk on the Street