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Markets Jump on Jobs Report, Tesla Extends Stock Slump on Price Cuts in China 1/6/23

Markets Jump on Jobs Report, Tesla Extends Stock Slump on Price Cuts in China 1/6/23

FromSquawk on the Street


Markets Jump on Jobs Report, Tesla Extends Stock Slump on Price Cuts in China 1/6/23

FromSquawk on the Street

ratings:
Length:
43 minutes
Released:
Jan 6, 2023
Format:
Podcast episode

Description

Carl Quintanilla and Jim Cramer discussed stocks jumping on the better-than-expected December employment report: Non-farm payrolls up 223,000, the unemployment rate fell to 3.5% and wage growth slowed. Labor Secretary Marty Walsh joined the program with White House reaction to the numbers. Tesla shares extended losses after the automaker slashed prices in China for the second time in less than three months. Also in focus: Costco leading the gains in consumer stocks, upgrades and downgrades, the challenges of finding a bull market, Cramer on how to play Apple and why
he likes the "slowdown stocks."
Released:
Jan 6, 2023
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.