48 min listen
A Week for the Bulls to Cheer About, Big Moves in Retail, SPACs Slump and the SEC's Eyes on Elon Musk 5/27/22
A Week for the Bulls to Cheer About, Big Moves in Retail, SPACs Slump and the SEC's Eyes on Elon Musk 5/27/22
ratings:
Length:
43 minutes
Released:
May 27, 2022
Format:
Podcast episode
Description
Carl Quintanilla, David Faber and Leslie Picker explored this week's market gains: The Dow on track to end an eight-week losing streak, with the S&P and Nasdaq each poised to end seven straight weeks of losses. Sentiment on Friday helped by stronger-than-expected consumer spending data and a key indicator which shows inflation might have peaked. The anchors reacted to a new batch of retail earnings: Shares of Gap and Big Lots tumbled, while Costco and Ulta Beauty moved higher. Citi U.S. Equity Strategist Scott Chronert joined the program to discuss market volatility and his views about a potential recession.
Also in focus: The SEC's letter to Elon Musk about his early Twitter stake, Dell among the tech winners, and the blank-check bubble bursts for SPACs
Also in focus: The SEC's letter to Elon Musk about his early Twitter stake, Dell among the tech winners, and the blank-check bubble bursts for SPACs
Released:
May 27, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/15/2019: 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