44 min listen
Markets Jump, Lulu Slumps, Jack Ma Cedes Control of Ant Group, Merck CEO "First on CNBC" 1/9/23
Markets Jump, Lulu Slumps, Jack Ma Cedes Control of Ant Group, Merck CEO "First on CNBC" 1/9/23
ratings:
Length:
43 minutes
Released:
Jan 9, 2023
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber discussed the markets extending gains after a positive first week of 2023 for stocks. The anchors also explored woes for a pair of retailers: Shares of Lululemon and Macy's each down sharply on holiday quarter guidance. Carl, Jim and David reacted to Ant Group founder Jack Ma ceding control of the Chinese fintech giant, and the boost to shares of Alibaba, which owns a roughly 33% stake in Ant. Merck CEO Robert Davis offered his outlook for the pharma giant "First on CNBC" from the J.P. Morgan Healthcare Conference in San Francisco. Also in focus: Goldman Sachs reportedly set to begin layoffs, plus a look at the stocks rising more than 100% on M&A news.
Released:
Jan 9, 2023
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/02/2019: The Squawk on the Street team digests the market's reaction to the July Jobs report. by Squawk on the Street