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A Double Dose of Big Tech: Salesforce Soars, Musk's "Master Plan" Weighs on Tesla 3/2/23

A Double Dose of Big Tech: Salesforce Soars, Musk's "Master Plan" Weighs on Tesla 3/2/23

FromSquawk on the Street


A Double Dose of Big Tech: Salesforce Soars, Musk's "Master Plan" Weighs on Tesla 3/2/23

FromSquawk on the Street

ratings:
Length:
43 minutes
Released:
Mar 2, 2023
Format:
Podcast episode

Description

Carl Quintanilla, David Faber and Mike Santoli engaged in wide-ranging discussions about two big names in tech: Shares of Salesforce surged on a quarterly beat, guidance above consensus and a $20 billion stock buyback program in wake of pressure from activist investors. On the flip side, Tesla shares downsharply one day after the automaker's investor day. Elon Musk's "Master Plan 3" presentation was short on details about cars and finances. Also in focus:Ford U.S. auto sales surged in February, quarterly results send shares of Best Buy and Macy's in opposite directions, big tech news on the AI race, plus an update on EU regulators and the Microsoft-Activision deal.
Released:
Mar 2, 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.