Cohen Sells and Bed Bath Plunges, Fedspeak vs. Win Streaks, and the "Buybacks Bandwagon" 8/19/22
Carl Quintanilla, David Faber and Mike Santoli led off with Bed Bath & Beyond: Shares plunging after investor Ryan Cohen confirmed he has sold his entire stake in the company. The anchors also explored market reaction to Fed officials' comments about inflation and interest rate hikes. With the S&P 500 and Nasdaq in the midst of four-week win streaks, are the markets overbought? Also in focus: New stock buyback moves by Home Depot and GM, crypto tumbles, Wayfair cuts jobs, and Foot Locker soars on its new CEO announcement.
August 19, 202243m 14s
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Show Notes
Carl Quintanilla, David Faber and Mike Santoli led off with Bed Bath & Beyond:
Shares plunging after investor Ryan Cohen confirmed he has sold his entire stake in the company. The anchors also explored market reaction to Fed officials' comments about inflation and interest rate hikes. With the S&P 500 and Nasdaq in the midst of
four-week win streaks, are the markets overbought? Also in focus: New stock buyback moves by Home Depot and GM, crypto tumbles, Wayfair cuts jobs, and Foot Locker soars on its new CEO announcement. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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