Market Slumps After Historic Rebound and Earnings Season Heats Up – Interviews with the CEOs of GE and Raytheon Technologies.
Carl Quintanilla, Jim Cramer and David Faber delved into another volatile day for the markets. Stocks tumble one day after an amazing turnaround for the major indices, which finished Monday’s session in the green after the Dow erased a 1,000+ point loss and the Nasdaq recovered from a 4.9% plunge. Jim explains why he tweeted “a big down opening that tests near the lows of yesterday” would be good for the market. Earnings also on the front burner: American Express was the biggest S&P 500 gainer on better-than-expected quarterly results, while shares of General Electric and Raytheon Technologies each fell sharply on mixed results. GE Chairman & CEO Larry Culp and Raytheon Chairman & CEO Greg Hayes joined the program to discuss their companies’ numbers and the road ahead: Also in focus: Semiconductors and the tech slump, the Fed begins its two-day policy meeting and Lockheed Martin says it expects the Federal Trade Commission will likely sue to block its planned $4.4 billion deal for Aerojet Rocketdyne.
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