UPS to Cut 12,000 Jobs, GM Surges on Earnings, Apple Vision Pro Reviews 1/30/24
Squawk on the Street
English - January 30, 2024 16:14 - 48 minutes - 44.1 MB - ★★★★ - 489 ratingsBusiness News News Business Investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: "Magnificent" Earnings Week, Sports Betting: Gronk on FanDuel, Flutter and the NFL 01/29/24
Next Episode: SOTS+ Citadel CEO Ken Griffin 1/30/24
Carl Quintanilla and Jim Cramer led off the show with news out of UPS: The company announced plansto cut 12,000 jobs after it issued a weaker-than-expected 2024 revenue outlook.
A different story for GeneralMotors: The stock surged on the automaker's Q4 earnings beat and guidance, which includes a "profit positive" picture for its U.S. EV portfolio.
Also in focus: Apple Vision Pro reviews are out, earnings winners and losers, Elon Musk’s Neuralink and its brain chip implant, Jim highlights a stock that's up 660% from a year ago as it rides the AI wave.