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Powell's Rate Message and the Markets, United Soars, "Mag 7" CEOs in the Spotlight 4/17/24

Powell's Rate Message and the Markets, United Soars, "Mag 7" CEOs in the Spotlight 4/17/24

FromSquawk on the Street


Powell's Rate Message and the Markets, United Soars, "Mag 7" CEOs in the Spotlight 4/17/24

FromSquawk on the Street

ratings:
Length:
43 minutes
Released:
Apr 17, 2024
Format:
Podcast episode

Description

With the S&P 500 and Nasdaq in the midst of 3 day-losing streaks, Carl Quintanilla, Jim Cramer and David Faber discussed the markets digesting Tuesday's comments from Fed Chair Powell,  who suggested interest rates could remain higher for a longer period. The anchors also reactedto United Airlines shares surging after the company posted quarterly results. CEOs of "Magnificent 7" companiesin the news: Apple's Tim Cook in Indonesia considering manufacturing in that country, Tesla urges shareholders to ratify Elon Musk's 2018 pay package, Nvidia's Jensen Huang makes the "Time 100" list. Also in focus: President Biden calls for higher tariffs on Chinese steel, the stock dragging the chip sector lower, lap of luxury, Boeing's woes and the whistleblower, Paramount deal update. Squawk on the Street Disclaimer
Released:
Apr 17, 2024
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.