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Powell and a Big Market Week, China's Cautious Growth Target, Tesla Cuts Auto Prices ... Again. 3/6/23

Powell and a Big Market Week, China's Cautious Growth Target, Tesla Cuts Auto Prices ... Again. 3/6/23

FromSquawk on the Street


Powell and a Big Market Week, China's Cautious Growth Target, Tesla Cuts Auto Prices ... Again. 3/6/23

FromSquawk on the Street

ratings:
Length:
42 minutes
Released:
Mar 6, 2023
Format:
Podcast episode

Description

Carl Quintanilla, David Faber and Mike Santoli discussed events which could move the market this week, including Fed Chair Jerome Powell's Capitol Hill testimony on the economy beginning Tuesday -- and Friday's key February jobs report. In the mix: A report from on the ground in Beijing after China announced a cautious 2023 growth target of around 5%. The anchors also reacted to Tesla's latest price cuts in the U.S. involving the Model S and Model X. Also in focus: Goldman Sachs initiates Apple at "Buy”, M&A news including Altria's deal to acquire e-cigarette maker NJOY after exiting its Juul stake, Morgan Stanley's note on a "$6 trillion AI internet opportunity."
Released:
Mar 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.