September Swoon? Arm Roadshow, Warner Bros. Discovery’s Warning 9/5/23
Squawk on the Street
English - September 05, 2023 14:24 - 43 minutes - 40.1 MB - ★★★★ - 489 ratingsBusiness News News Business Investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: NEC Director Brainard on Jobs Report, Retail Rollercoaster, Disney-Charter Showdown 9/1/23
Next Episode: Cramer's Morning Take: Interest Rates 9/5/23
Carl Quintanilla and Jim Cramer began the show by breaking down the broader markets on the shortened week of trading. The anchors also reacted to Federal Reserve Governor Christopher Waller telling CNBC that the markets are coming off “a hell of a good week of data” that will buy the central bank some time on policy decisions. Additionally, the desk hit Arm Holdings, which kicked off its IPO roadshow and submitted an updated filing for its upcoming listing, setting a price range between $47 and $51. Also in the mix: Warner Bros. Discovery warned that it is expecting to take a $300 million to $500 million profit hit from the ongoing Hollywood strike.