Inflation Watch, Intel Reportedly Plans Job Cuts, PepsiCo Pops, Moderna Surges and Zuckerberg Talks Metaverse 10/12/22
Carl Quintanilla, Jim Cramer and David Faber explored market reaction to new wholesale inflation data: The September Producer Price Index jumped by a hotter-than-expected 0.4% from the previous month, but eased to 8.5% on a year-over-year basis. Cramer explains why he finds the data "disappointing," but sees PepsiCo as a bright spot after the company's quarterly earnings beat and raised guidance. Intel also in the spotlight on a published report saying the company plans to cut thousands of jobs. Also in focus: Treasury Secretary Yellen to CNBC on financial stability, President Biden's comments on the possibility of a recession, luxury retail, Moderna surges on its cancer vaccine partnership with Merck and Meta CEO Mark Zuckerberg makes the case for the metaverse.
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.