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Markets and Rate Hike Fears, Deere Doubles Profits, DoorDash Delivers 2/17/23

Markets and Rate Hike Fears, Deere Doubles Profits, DoorDash Delivers 2/17/23

FromSquawk on the Street


Markets and Rate Hike Fears, Deere Doubles Profits, DoorDash Delivers 2/17/23

FromSquawk on the Street

ratings:
Length:
44 minutes
Released:
Feb 17, 2023
Format:
Podcast episode

Description

Carl Quintanilla, David Faber and Mike Santoli discussed market jitters as rising yields, hawkish Fedspeak and Thursday's hotter-than-expected wholesale inflation data spark worries about future interest rate increases. The anchors reacted to Goldman Sachs and Bank of America each expecting three additional hikes from the Fed before the end of 2023. On the earnings front: Deere doubled quarterly profits and raised guidance, while DoorDash beat on the top line -- helped by a jump in deliveries -- and issued sales guidance mostly above Wall Street forecasts. Also in focus: What record high credit card user debt and rising delinquencies could mean for companies including American Express, Visa and Mastercard.
Released:
Feb 17, 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.