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Markets In Turmoil: Dow Breaks Below 30K, Goldman Slashes S&P 500 Target, and An Exclusive With Robinhood's CEO 09/23/22

Markets In Turmoil: Dow Breaks Below 30K, Goldman Slashes S&P 500 Target, and An Exclusive With Robinhood's CEO 09/23/22

FromSquawk on the Street


Markets In Turmoil: Dow Breaks Below 30K, Goldman Slashes S&P 500 Target, and An Exclusive With Robinhood's CEO 09/23/22

FromSquawk on the Street

ratings:
Length:
46 minutes
Released:
Sep 23, 2022
Format:
Podcast episode

Description

The post-Fed rate hike sell-off rolls on. Carl Quintanilla, David Faber and Morgan Brennan discussed market jitters surrounding rising rates and fears about a potential recession. The Dow falls below 30,000 and breaks its June low, as bond yields continue to climb. The anchors reacted to Goldman Sachs cutting its year-end target on the S&P 500 to 3,600 from 4,300. Robinhood CEO Vlad Tenev joined the show exclusively to discuss everything from reports that the SEC will not ban payment for order flow -- to the company's new 3% interest rate benefit for top tier members. Also in focus: FedEx plans to hike shipping rates and cut costs,
market reaction to Costco earnings, tax cuts in the UK, Apple Music becomes the new sponsor of the Super Bowl halftime show, and sources tell David that Credit Suisse is not pursuing a capital raise.
Released:
Sep 23, 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.