44 min listen
Stocks Surging, Earnings Underway, Coronavirus Outlook Improving
Stocks Surging, Earnings Underway, Coronavirus Outlook Improving
ratings:
Length:
50 minutes
Released:
Apr 14, 2020
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber discuss the big surge in stocks as earnings season gets underway. Leading the charge, Johnson and Johnson raising its dividend but cutting its 2020 earnings outlook over the coronavirus outbreak. Two of the big banks, JPMorgan Chase and Wells Fargo reporting results. JPMorgan reporting a big declines in first-quarter earnings from the virus, but posting record markets revenue. Wells Fargo reporting first quarter earnings of just 1 cent as it sets aside more money for credit losses. Plus, President Trump said at the coronavirus press conference that growth in new cases is stabilizing, providing "clear evidence" mitigation is working in the country.
Released:
Apr 14, 2020
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/02/2019: The Squawk on the Street team digests the market's reaction to the July Jobs report. by Squawk on the Street