56 min listen
Markets Slump, Dimon's 20% Message, “Fedspeak” on Rate Hike Caution, and the Gig Is "Down" for Uber and Lyft 10/11/22
Markets Slump, Dimon's 20% Message, “Fedspeak” on Rate Hike Caution, and the Gig Is "Down" for Uber and Lyft 10/11/22
ratings:
Length:
43 minutes
Released:
Oct 11, 2022
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber discussed the challenges facing markets in the midst of a four-session losing streak. The anchors reacted to JPMorgan Chase CEO Jamie Dimon's comments to CNBC: He said the S&P 500 could fall "another easy 20%." The Fed in the spotlight after two policymakers called for caution regarding interest rate hikes. Also in focus: Market bright spots, shares of Uber and Lyft tumble on news of a Labor Department proposal to change independent contractor rules, Meta gets downgraded and Russia reportedly added the company to its list of terrorists and extremists, how to play the chip stock slump, and the Bank of England expands bond buying to calm markets.
Released:
Oct 11, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/07/2019: 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