51 min listen
Markets and the China Surprise, Unity Rejects AppLovin, and Job Cuts at Peloton and Best Buy 8/15/22
Markets and the China Surprise, Unity Rejects AppLovin, and Job Cuts at Peloton and Best Buy 8/15/22
ratings:
Length:
43 minutes
Released:
Aug 15, 2022
Format:
Podcast episode
Description
Jim Cramer and David Faber led off the show with market concerns surrounding slowing growth in China.
The country's central bank unexpectedly cut two key interest rates in wake of weaker-than-expected economic data.
Crude prices and energy stocks were hit hardest by the news. The anchors explored how investors should
play the energy sector. Also in focus: Unity Software reaffirms its merger deal with ironSource and rejects AppLovin's
unsolicited takeover bid, Peloton and Best Buy announce planned job cuts amid lower consumer demand,
Tesla's stock rebound accelerates, and record profits for oil giant Saudi Aramco.
The country's central bank unexpectedly cut two key interest rates in wake of weaker-than-expected economic data.
Crude prices and energy stocks were hit hardest by the news. The anchors explored how investors should
play the energy sector. Also in focus: Unity Software reaffirms its merger deal with ironSource and rejects AppLovin's
unsolicited takeover bid, Peloton and Best Buy announce planned job cuts amid lower consumer demand,
Tesla's stock rebound accelerates, and record profits for oil giant Saudi Aramco.
Released:
Aug 15, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/09/2019: 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