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Markets Rally, Apple Beats, Jobs Jump and Regional Banks Rebound 5/5/23

Markets Rally, Apple Beats, Jobs Jump and Regional Banks Rebound 5/5/23

FromSquawk on the Street


Markets Rally, Apple Beats, Jobs Jump and Regional Banks Rebound 5/5/23

FromSquawk on the Street

ratings:
Length:
43 minutes
Released:
May 5, 2023
Format:
Podcast episode

Description

Carl Quintanilla, Jim Cramer and David Faber explored what investors should make of Friday's market rally after four days of selling. Both Apple's earnings and the government's April jobs report beat expectations, easing concerns about the possibility of a recession. Regional banks were in rebound mode, recouping some of this week's steep losses that were sparked by renewed worries about the group. Also in focus: Warner Bros. Discovery's quarterly loss and streaming profit, Lyft tumbles, Icahn vs. Hindenburg, plus reaction to travel earnings fromExpedia and Booking Holdings. Squawk on the Street Disclaimer
Released:
May 5, 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.