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Inflation Hits Fresh Four-Decade High, White House's NEC Director Reacts to CPI, and Twitter Sues Elon Musk 7/13/22

Inflation Hits Fresh Four-Decade High, White House's NEC Director Reacts to CPI, and Twitter Sues Elon Musk 7/13/22

FromSquawk on the Street


Inflation Hits Fresh Four-Decade High, White House's NEC Director Reacts to CPI, and Twitter Sues Elon Musk 7/13/22

FromSquawk on the Street

ratings:
Length:
46 minutes
Released:
Jul 13, 2022
Format:
Podcast episode

Description

Carl Quintanilla, Jim Cramer and David engaged in a wide-ranging discussion about inflation news that sent stocks tumbling: The Consumer Price Index for June up 9.1% from a year ago -- a new four-decade high. National Economic Council Director Brian Deese joined the program with White House reaction to the numbers. The anchors also explored how big an impact inflation could have on earnings season, as big banks get ready to report. Also in focus: Twitter sues Elon Musk as it looks to enforce their $44 billion deal, Delta's earnings miss on higher costs, Google's hiring slowdown, plus M&A: Game development platform Unity Software agrees to buy ironSource in a $4.4 billion all-stock deal.
Released:
Jul 13, 2022
Format:
Podcast episode

Titles in the series (100)

The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast 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 Chief Executive Officers and greatest market minds.