Amazon Buys MGM, Bank CEOs Testify Before Senate Banking, Meme Rally Resumes
Carl Quintanilla, Jim Cramer and David Faber begin the morning with breaking news, as Amazon buys MGM Studios for $8.45 billion. It’s Amazon’s most ambitious move into the entertainment business and its second-largest acquisition. Amazon paid $13.7 billion for Whole Goods back in 2017. Carl, Jim and David discuss the big rally in meme stocks, as GameStop & AMC surge. Plus, the most well-known CEOs on Wall Street prepare to testify before the Senate Banking Committee at 10am ET time.
May 26, 202146m 37s
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Show Notes
Carl Quintanilla, Jim Cramer and David Faber begin the morning with breaking news, as Amazon buys MGM Studios for $8.45 billion. It’s Amazon’s most ambitious move into the entertainment business and its second-largest acquisition. Amazon paid $13.7 billion for Whole Goods back in 2017. Carl, Jim and David discuss the big rally in meme stocks, as GameStop & AMC surge. Plus, the most well-known CEOs on Wall Street prepare to testify before the Senate Banking Committee at 10am ET time. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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