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Stocks' Labor Pains, McDonald's Misses, Lilly's Weight-Loss Gains, Tesla Layoffs Talk 4/30/24

Stocks' Labor Pains, McDonald's Misses, Lilly's Weight-Loss Gains, Tesla Layoffs Talk 4/30/24

FromSquawk on the Street


Stocks' Labor Pains, McDonald's Misses, Lilly's Weight-Loss Gains, Tesla Layoffs Talk 4/30/24

FromSquawk on the Street

ratings:
Length:
43 minutes
Released:
Apr 30, 2024
Format:
Podcast episode

Description

On the final trading day of April, Carl Quintanilla, Jim Cramer and David Faber discussed rate fears weighing on stocks: The Q1 Employment Cost Index came in higher than expected -- ahead of the Fed's two-day policy meeting, which ends Wednesday. The anchors reacted to McDonald's Q1 earnings miss, which was due in part to customers tightening their belts amid price hikes. The earnings barrage included Eli Lilly posting a Q1 beat and raising guidance thanks to demand for its obesity drugs -- and blue chips Coca-Cola and 3M toppingestimates.Also in focus: Reports of more layoffs at Tesla, Walmart closes health clinics, Paramount's uncertain future, Faber Report on the battle for NBA television rights. Squawk on the Street Disclaimer
Released:
Apr 30, 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.