44 min listen
Markets, the Consumer, the Fed Effect, Bed Bath Plunges and Snap Surges 8/31/22
Markets, the Consumer, the Fed Effect, Bed Bath Plunges and Snap Surges 8/31/22
ratings:
Length:
46 minutes
Released:
Aug 31, 2022
Format:
Podcast episode
Description
On a busy final trading day of August, Carl Quintanilla, Jim Cramer and David Faber discussed the markets in the midst of
a three-day losing streak -- as Fed officials double down on saying they'll do what it takes on the interest rate front to battle
inflation. The anchors explored the impact of slowing consumer and corporate demand on the likes of HP Inc., Chewy, PVH
and Seagate. Also in focus: Shares of Bed Bath & Beyond down double-digits after announcing a turnaround plan including
new financing commitments, store closings and job cuts, Snap's restructuring announcement gives the stock a boost,
Goldman Sachs lifting COVID-19 requirements in most of its offices, and the FDA authorizes Pfizer and Moderna's updated booster shots targeting the Omicron variant.
a three-day losing streak -- as Fed officials double down on saying they'll do what it takes on the interest rate front to battle
inflation. The anchors explored the impact of slowing consumer and corporate demand on the likes of HP Inc., Chewy, PVH
and Seagate. Also in focus: Shares of Bed Bath & Beyond down double-digits after announcing a turnaround plan including
new financing commitments, store closings and job cuts, Snap's restructuring announcement gives the stock a boost,
Goldman Sachs lifting COVID-19 requirements in most of its offices, and the FDA authorizes Pfizer and Moderna's updated booster shots targeting the Omicron variant.
Released:
Aug 31, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/02/2019: The Squawk on the Street team digests the market's reaction to the July Jobs report. by Squawk on the Street