44 min listen
Rate Hike Jitters Spark Market Sell-off, plus Elon Musk Sells More Tesla Shares As The Twitter Saga Rolls On. 12/15/22
Rate Hike Jitters Spark Market Sell-off, plus Elon Musk Sells More Tesla Shares As The Twitter Saga Rolls On. 12/15/22
ratings:
Length:
44 minutes
Released:
Dec 15, 2022
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber focused on the markets extending Wednesday's losses into a sell-off, one day after the Fed announced a 50-basis point rate hike and signaled more increases to come as it battles inflation. The Bank of England and the European Central Bank each followed the Fed with similar rate hikes on Thursday. Jim highlights which stocks to buy -- and the ones to avoid -- in this market environment. The anchors also discussed Elon Musk's sale of another $3.6 billion of Tesla shares -- and the company's market cap sliding below $500 billion -- amid investor concerns about Musk's role at Twitter. Also in focus: Retail sales fell sharply in November, What's driving the rally in Chinese shares, plus Cramer explains why he's bullish on Bob Iger upon his return as Disney CEO.
Released:
Dec 15, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/01/2019: 8/1/2019. 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