44 min listen
Inflation Data Fuels Big Rally for Stocks and Elon Musk Sells More Tesla Shares 8/10/22
Inflation Data Fuels Big Rally for Stocks and Elon Musk Sells More Tesla Shares 8/10/22
ratings:
Length:
44 minutes
Released:
Aug 10, 2022
Format:
Podcast episode
Description
Jim Cramer and David Faber focused on the stocks leading Wednesday's big stock market rally, sparked by cooler-than-expected
inflation data. The Consumer Price Index for July easing from a four-decade high, fueling investor hopes that
the Fed might take a 75 basis point rate hike off the table in September. The anchors reacted to Elon Musk's decision to sell
nearly $7 billion worth of Tesla shares amid his legal battle to exit his $44 billion deal to buy Twitter. Also in focus:
What to make of this year's meltdown in media stocks ahead of Disney's after-the-bell earnings, Softbank reducing its stake in Alibaba,
and Coinbase's billion-dollar loss.
inflation data. The Consumer Price Index for July easing from a four-decade high, fueling investor hopes that
the Fed might take a 75 basis point rate hike off the table in September. The anchors reacted to Elon Musk's decision to sell
nearly $7 billion worth of Tesla shares amid his legal battle to exit his $44 billion deal to buy Twitter. Also in focus:
What to make of this year's meltdown in media stocks ahead of Disney's after-the-bell earnings, Softbank reducing its stake in Alibaba,
and Coinbase's billion-dollar loss.
Released:
Aug 10, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/01/2019: 8/1/2019. 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