Treasury yields weigh on Wall Street
Squawk Box Europe Express
English - May 30, 2024 07:03 - 26 minutes - 24.4 MB - ★★★★ - 40 ratingsBusiness News News Business Investing stock market news market news karen tso europe business news squawk box podcast arabile gumede europe cnbc cnbc london european business news europe squawk box Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Record high for Nasdaq
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The S&P 500 snaps a three-day streak in the green while the Nasdaq suffers its worst day in May with higher Treasury yields impacting Wall Street trade. Salesforce shares hit their worst level since 2008’s GFC as the company posts its first quarterly revenue miss in 18 years. CEO Marc Benioff remains sanguine about the numbers. We speak to Nestlé CEO MarK Schneider exclusively who dismisses fears over weight loss drugs threatening the food and drink industry. Activist investor Nelson Peltz has reportedly sold his entire Disney stake just weeks after losing his bid to gain two seats on the firm’s board.
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