C-Suite Shuffles, FedEx Investor Day, Sell on Sail?
Carl Quintanilla and Jim Cramer began the show with a look at the market action, following another failed attempt at a bounce. Earlier today, Cleveland Fed President Loretta Mester said she would back a 75 basis point hike in July if conditions remained the same. The anchors then shifted to the C-Suite shuffles for Pinterest and Bed Bath & Beyond; both companies announced that they would be replacing their CEOs. The biggest S&P laggard in early trading was Carnival Cruise Line, as Morgan Stanley cut its price target on that stock to $7 per share, while also laying out a “bear case” scenario of $0. Also in the mix: FedEx hosted its first investor day in roughly a decade and new CEO Raj Subramaniam spoke with CNBC exclusively.
Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.