Powell and Nvidia Lead Big Market Week, China Trims Key Rate, Palo Alto Surges 8/21/23
Squawk on the Street
English - August 21, 2023 14:47 - 43 minutes - 40.3 MB - ★★★★ - 489 ratingsBusiness News News Business Investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Next Episode: Cramer's Morning Take: Palo Alto Networks 8/21/23
With stocks on track for their worst month since December 2022, Carl Quintanilla, Jim Cramer and David Faber highlighted what to expect from two big events this week: Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday, plus Nvidia's after-the-bell earnings due out Wednesday. The anchors also reacted to China's central bank cutting a key interest rate, but the move was more modest than many expected. Also in focus: Palo Alto Networks surged on its earnings report released after Friday's closeof trading. UK regulators approve the Broadcom-VMWare merger deal, Tesla looks to snap a six-session losing streak.