Squawk on the Street podcast

Oil Stocks Jump Despite White House's Strategic Petroleum Reserve Plan, The Tech Slump for Zoom and Other One-Time High Fliers, Plus the COVID Effect: Travel Warnings and Medtronic's CEO

0:00
44:03
Reculer de 15 secondes
Avancer de 15 secondes
Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at President Biden's decision to tap the U.S. Strategic Petroleum Reserve in an effort to lower gasoline prices at the pump. Other countries have announced similar measures. So why are energy stocks and crude prices shrugging off that news? The anchors also focused on tech the morning after a late session sell-off for the sector, including Zoom Video tumbling despite a quarterly beat -- and why one-time high fliers such as Palantir and Chegg have lost more than half of their value this year. Also in focus: Retail earnings movers such as Best Buy ahead of "Black Friday", Activision's new "Workplace Responsibility Committee," the U.S. issues warnings not to travel to Germany and Denmark due to COVID outbreaks, and Medtronic CEO Geoffrey Martha joined the program with the stock under pressure after the company lowered guidance due to the COVID resurgence and staffing shortages. Cramer asked him why investors should buy the stock.

D'autres épisodes de "Squawk on the Street"