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Cooler Inflation Data Fuels Big Market Rally -- and FTX's Sam Bankman-Fried Tweets "I'm Sorry" Amid Crisis 11/10/22

Cooler Inflation Data Fuels Big Market Rally -- and FTX's Sam Bankman-Fried Tweets "I'm Sorry" Amid Crisis 11/10/22

FromSquawk on the Street


Cooler Inflation Data Fuels Big Market Rally -- and FTX's Sam Bankman-Fried Tweets "I'm Sorry" Amid Crisis 11/10/22

FromSquawk on the Street

ratings:
Length:
56 minutes
Released:
Nov 10, 2022
Format:
Podcast episode

Description

Carl Quintanilla, Jim Cramer and David Faber highlighted inflation news that sparked a major rally on Wall Street.
The Consumer Price Index for October came in tamer than expected, up 7.7% from a year ago. The data fueled investor hopes
that the Federal Reserve could take a 75 basis point rate hike off the table for December. With the Nasdaq up 5%, the anchors
explored the best ways to play tech now.
The FTX crisis also in the spotlight after Binance backed out of rescuing its crypto exchange rival.
FTX CEO Sam Bankman-Fried launched a 22-part tweetstorm -- including profanity -- leading it off with "I'm sorry.
That's the biggest thing." The anchors discussed what's at stake for a crypto market under pressure. Also in focus:
Mark Zuckerberg's message to Meta employees about layoffs. Morgan Brennan talks defense and geopolitics with
Gen. Mark Milley, Chairman of the Joint Chiefs of Staff.
Released:
Nov 10, 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.