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UK PM Resigns, Musk Talks Tesla, AT&T and IBM Beat on Earnings and the 10-Year Yield Hits a 2007 High 10/20/22

UK PM Resigns, Musk Talks Tesla, AT&T and IBM Beat on Earnings and the 10-Year Yield Hits a 2007 High 10/20/22

FromSquawk on the Street


UK PM Resigns, Musk Talks Tesla, AT&T and IBM Beat on Earnings and the 10-Year Yield Hits a 2007 High 10/20/22

FromSquawk on the Street

ratings:
Length:
43 minutes
Released:
Oct 20, 2022
Format:
Podcast episode

Description

Carl Quintanilla, Jim Cramer and David Faber led off the show with breaking news: UK Prime Minister Liz Truss resigns after 44 days in office and market turmoil during her term. Tesla shares fall on mixed quarterly results and a lowered vehicle delivery target. Should you buy the stock? The anchors reacted to comments Tesla CEO Elon Musk made on the company's earnings call -- including that he sees a "potential path for Tesla to be worth more than Apple and Saudi Aramco combined." Also in focus: AT&T and IBM jump on quarterly results, Musk on Twitter, the 10-year note yield rises to 2007 highs, but “Bond King" Jeffrey Gundlach tweets "Treasury yields may well be peaking between now and year-end."
Released:
Oct 20, 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.