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Deutsche Bank Shares Drop, Activision Optimism, Tech Safe Haven 3/24/23

Deutsche Bank Shares Drop, Activision Optimism, Tech Safe Haven 3/24/23

FromSquawk on the Street


Deutsche Bank Shares Drop, Activision Optimism, Tech Safe Haven 3/24/23

FromSquawk on the Street

ratings:
Length:
43 minutes
Released:
Mar 24, 2023
Format:
Podcast episode

Description

David Faber and Jim Cramer began with the ongoing turmoil in the banking sector. Deutsche Bank was the latest name to add to the volatility, with shares dropping following a spike in credit default swaps Thursday night. The anchors also turned their attention to Secretary Janet Yellen who said the Treasury Department is ready to take “additional actions if warranted” to stabilize banks. In M&A news, shares of Activision Blizzard surged after the U.K.’s Competition and Markets Authority dropped some of its concerns about Microsoft’s takeover of the gaming company. After the opening bells, the anchors also talked the tech stock safe haven, with names like Alphabet, Meta and Nvidia up more than 15% in March alone.
Released:
Mar 24, 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.