43 min listen
Fed Decision Day, AMD Jumps Despite a Miss, Paramount "Minus" and Amazon Out of the $1T Club 11/2/22
Fed Decision Day, AMD Jumps Despite a Miss, Paramount "Minus" and Amazon Out of the $1T Club 11/2/22
ratings:
Length:
44 minutes
Released:
Nov 2, 2022
Format:
Podcast episode
Description
Jim Cramer and David Faber led off the show with the markets anticipating another 75 basis point rate hike by the Fed Wednesday afternoon. Is it time for policymakers to moderate tightening? The anchors explored rotation out of big tech one day after Amazon closed below a $1 trillion market cap for the first time since 2020. AMD shares jumped despite weaker guidance and quarterly earnings below lowered analyst estimates. Hear what CEO Lisa Su said on AMD's earnings call.
Also in focus: Earnings winners and losers, Paramount Global tumbling on a Q3 miss, the companies whose profits are being impacted by electricity costs, ADP jobs data exceed expectations, the "China effect" on Estee Lauder, and CVS, Walgreens and Walmart agree to a multi-billion dollar settlement of opioid lawsuits.
Also in focus: Earnings winners and losers, Paramount Global tumbling on a Q3 miss, the companies whose profits are being impacted by electricity costs, ADP jobs data exceed expectations, the "China effect" on Estee Lauder, and CVS, Walgreens and Walmart agree to a multi-billion dollar settlement of opioid lawsuits.
Released:
Nov 2, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/08/2019: 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