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Tesla's Q3 Miss, Netflix Shares Surge, Powell and Yields Watch 10/19/23

Squawk on the Street

English - October 19, 2023 14:34 - 43 minutes - 39.8 MB - ★★★★ - 489 ratings
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Previous Episode: P&G's Earnings Beat, Morgan Stanley and United Slump, Nvidia on the Curbs 10/18/23
Next Episode: The 5% Yield Effect, Powell's Fed for Thought, Obesity Drugs: Shots for Kids? 10/20/23

Carl Quintanilla, David Faber and Sara Eisen led off the show with market reaction to "Big Tech" earnings.

Tesla shares fell sharply on a Q3 miss as price cuts weighed on profits. A different story for Netflix: Shares surged

on news that the streaming giant added about nine million subscribers, posted a quarterly earnings beat and

announced price hikes. The anchors also explored what to expect from Thursday's remarks by Fed Chair 

Powell as the 10-year note yield continued its march toward 5%. Also in focus: The Israel-Hamas war, 

Earnings winners and losers including AT&T and American Airlines, Nestle CEO and the "Ozempic effect."

 

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