44 min listen
Retail Sales Surge, China's Surprise Rate Cut, Fitch Warns On Banks 8/15/23
Retail Sales Surge, China's Surprise Rate Cut, Fitch Warns On Banks 8/15/23
ratings:
Length:
43 minutes
Released:
Aug 15, 2023
Format:
Podcast episode
Description
Carl Quintanilla, David Faber and Jim Cramer discussed stocks under pressure after China's central bank announced a surprise rate cut, in wake of disappointing economic data in that country. Jim explained why investors should focus on the "good ole USA" instead of China's economy. Fed rate fears also weighed on the markets after government retail sales data for July beat expectations. Home Depot's quarterly results also exceeded consensus estimates. Also in focus: Fitch told CNBC it may be forced to downgrade banks, Warren Buffett's Berkshire Hathaway bets on homebuilders, the Nvidia rally, a provocative Financial Times headline about Cramer. Squawk on the Street Disclaimer
Released:
Aug 15, 2023
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/01/2019: 8/1/2019. 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