51 min listen
PacWest Tumbles on Deposit Losses, Disney "Streams" Lower, Inflation Watch 5/11/23
PacWest Tumbles on Deposit Losses, Disney "Streams" Lower, Inflation Watch 5/11/23
ratings:
Length:
44 minutes
Released:
May 11, 2023
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber led off the show with banking turmoil in focus: PacWest shares tumbled and dragged down other regional banks after the company disclosed it lost 9.5% in deposits during the week ended May 5. Shares of Disney also down sharply after the media giant said it experienced streaming subscriber losses for a second consecutive quarter. On the inflation front, the April Producer Price Index rose 2.3% year-on-year -- the smallest increase since January 2021. Also in focus: Alphabet shares jump on Google's AI showcase, Goodyear shares soar on activism news, the Hindenburg-Carl Icahn battle heats up. Squawk on the Street Disclaimer
Released:
May 11, 2023
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/09/2019: The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday 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 CEOs and greatest market minds by Squawk on the Street