Powell's Rate Message and the Markets, United Soars, "Mag 7" CEOs in the Spotlight 4/17/24
With the S&P 500 and Nasdaq in the midst of 3 day-losing streaks, Carl Quintanilla, Jim Cramer and David Faber discussed the markets digesting Tuesday's comments from Fed Chair Powell,
who suggested interest rates could remain higher for a longer period. The anchors also reactedto United Airlines shares surging after the company posted quarterly results. CEOs of
"Magnificent 7" companiesin the news: Apple's Tim Cook in Indonesia considering manufacturing in that country, Tesla urges shareholders to ratify Elon Musk's 2018 pay package, Nvidia's Jensen Huang
makes the "Time 100" list. Also in focus: President Biden calls for higher tariffs on Chinese steel, the stock dragging the chip sector lower, lap of luxury, Boeing's woes and the whistleblower, Paramount deal update.
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