44 min listen
Jobs Jump in May, Musk's "Super Bad Feeling," the Stock That Doubled on the Bristol Myers Deal and Apple as FAANG's "Weak Link." 6/3/22
Jobs Jump in May, Musk's "Super Bad Feeling," the Stock That Doubled on the Bristol Myers Deal and Apple as FAANG's "Weak Link." 6/3/22
ratings:
Length:
43 minutes
Released:
Jun 3, 2022
Format:
Podcast episode
Description
Jim Cramer and David Faber discussed market reaction to the better-than-expected May Jobs Report, which showed non-farm payrolls up 390,000. Cramer explained why he thinks people are more worried than they should be and are underestimating Fed Chair Jerome Powell. The anchors also reacted to a report which says Elon Musk wants to cut 10% of jobs at Tesla and that he has a "super bad feeling" about the economy. Also in focus: Bristol Myers Squibb strikes a $4.1 billion deal to acquire a biotech firm whose shares more than doubled on news of the transaction, why Jim says Apple is the "weak link" in FAANG, and Twitter says the antitrust waiting period for Musk's takeover bid has expired.
Released:
Jun 3, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/19/2019: 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