43 min listen
Mega Deal: Morgan Stanley Buying E*Trade for $13 Billion, ViacomCBS Swings to a Loss, Wexner Giving Up Control
Mega Deal: Morgan Stanley Buying E*Trade for $13 Billion, ViacomCBS Swings to a Loss, Wexner Giving Up Control
ratings:
Length:
43 minutes
Released:
Feb 20, 2020
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber discuss the mega deal of the morning, Morgan Stanley buying E*Trade for $13 billion. The investment bank paying $58.74 a share in stock in a deal bringing together $3.1 trillion in client assets. ViacomCBS missing forecasts in its first earnings report since its merger. The company increasing its projection of how much the combination will save in expenses, David digs through the report and earnings call. Plus, a done deal. Les Wexner giving up control of Victoria’s secret, selling a 55% stake to Sycamore Partners and stepping down after 57 years as the CEO of Parent L Brands.
Released:
Feb 20, 2020
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/12/2019: 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