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Inflation Watch, Intel Reportedly Plans Job Cuts, PepsiCo Pops, Moderna Surges and Zuckerberg Talks Metaverse 10/12/22
Inflation Watch, Intel Reportedly Plans Job Cuts, PepsiCo Pops, Moderna Surges and Zuckerberg Talks Metaverse 10/12/22
ratings:
Length:
43 minutes
Released:
Oct 12, 2022
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber explored market reaction to new wholesale inflation data: The September Producer Price Index jumped by a hotter-than-expected 0.4% from the previous month, but eased to 8.5% on a year-over-year basis. Cramer explains why he finds the data "disappointing," but sees PepsiCo as a bright spot after the company's
quarterly earnings beat and raised guidance. Intel also in the spotlight on a published report saying the company plans to cut
thousands of jobs. Also in focus: Treasury Secretary Yellen to CNBC on financial stability, President Biden's comments on the possibility of a recession, luxury retail, Moderna surges on its cancer vaccine partnership with Merck and Meta CEO Mark Zuckerberg makes the case for the metaverse.
quarterly earnings beat and raised guidance. Intel also in the spotlight on a published report saying the company plans to cut
thousands of jobs. Also in focus: Treasury Secretary Yellen to CNBC on financial stability, President Biden's comments on the possibility of a recession, luxury retail, Moderna surges on its cancer vaccine partnership with Merck and Meta CEO Mark Zuckerberg makes the case for the metaverse.
Released:
Oct 12, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/19/2019: 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