28 min listen
Tech Trades & the Archegos Margin Call in the Courts 4/27/22
FromSquawk Pod
ratings:
Length:
23 minutes
Released:
Apr 27, 2022
Format:
Podcast episode
Description
U.S. stocks rose in volatile trading today after the Nasdaq Composite closed yesterday at a new low for the year, attempting to rebound from a tech-led sell-off in April. Archegos Capital Management’s owner, Bill Hwang, and its former chief financial officer, Patrick Halligan, were arrested today in connection with the implosion of the family office last year. The men are being charged with racketeering conspiracy, securities fraud and wire fraud, according to a statement from the U.S. district court. Companies including Texas Instruments and Deutsche Bank are out with new warnings about the potential impact of the Covid outbreak in China. CNBC’s Eunice Yoon reports Beijing is currently winding down its city wide testing and Shanghai is expected to lift the lockdown measures. Meanwhile, former FDA commissioner and CNBC contributor, Scott Gottlieb, says China does not have a Covid endgame and will see rolling lockdowns for the “foreseeable future”.In this episode:Eunice Yoon, @onlyyoontvScott Gottlieb, @ScottGottliebMDAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY
Released:
Apr 27, 2022
Format:
Podcast episode
Titles in the series (100)
Musk vs. California; Virgin Galactic Chairman; Crypto & Covid: Virgin Galactic Chairman, Social Capital founder, Facebook alumnus, and outspoken investor Chamath Palihapitiya weighs in on Tesla and its famed founder, the Fed’s controversial moves, and roles governments and businesses should play during a pandemic. Plus, bestselling author Ben Mezrich has teamed up with The Boston Globe in his newest work, a slow-release novella available chapter by chapter throughout May. The writer behind “The Social Network,” “Bitcoin Billionaires,” and “Q,” a 2015 book about a pandemic forcing New York City into quarantine speaks to our new world of crypto-investing, streaming, and staying home. by Squawk Pod