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Markets Try to Extend Rally, China Tech Stocks Tumble, Tesla's "Redder" October and an Investor's Meta "Verse" for Zuckerberg. 10/24/22
Markets Try to Extend Rally, China Tech Stocks Tumble, Tesla's "Redder" October and an Investor's Meta "Verse" for Zuckerberg. 10/24/22
ratings:
Length:
44 minutes
Released:
Oct 24, 2022
Format:
Podcast episode
Description
After the best week for stocks since June, Carl Quintanilla, Jim Cramer and David Faber discussed a tale of two markets: The major indices look to extend Friday's rally as we begin a big week for mega-cap tech earnings, while China tech stocks take a beating after President Xi wins a third term and tightens his grip on power. Speaking of China, Tesla is cutting the price of its vehicles in that country, adding to what has been a rough month for the stock. The anchors also explored a double dose of Meta: Bank of America downgraded the stock to "neutral" and Brad Gerstner -- CEO of tech investment firm Altimeter Capital -- is calling on Mark Zuckerberg to cut costs and reduce spending at Meta. Also in focus: The jump in health-related stocks, the Musk-Twitter deal deadline looms, Schlumberger rebrands itself as "SLB" and Wall Street debates the chances of a recession.
Released:
Oct 24, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/09/2019: 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