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Walmart Cuts Jobs, Lucid Hits the Brakes, Baba Beats 8/4/22

Walmart Cuts Jobs, Lucid Hits the Brakes, Baba Beats 8/4/22

FromSquawk on the Street


Walmart Cuts Jobs, Lucid Hits the Brakes, Baba Beats 8/4/22

FromSquawk on the Street

ratings:
Length:
44 minutes
Released:
Aug 4, 2022
Format:
Podcast episode

Description

Carl Quintanilla and Jim Cramer started the show discussing the markets as Goldman Sachs published a new note warning investors of a potential move lower. They then shifted to the country’s largest employer, Walmart, announcing some job cuts after slashing its profit outlook just about a week ago. It was also another busy day for earnings, with names like Alibaba, Clorox and Paramount all on the move. The anchors also hit Coinbase, which announced a new partnership with Blackrock that will allow its institutional clients to buy bitcoin. Also in the mix: EV maker Lucid Motors dropped double digits at the open after cutting its production targets again amid logistic challenges.
Released:
Aug 4, 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.