Markets Rally, Apple Beats, Jobs Jump and Regional Banks Rebound 5/5/23
Carl Quintanilla, Jim Cramer and David Faber explored what investors should make of Friday's market rally after four days of selling. Both Apple's earnings and the government's April jobs report beat expectations, easing concerns about the possibility of a recession. Regional banks were in rebound mode, recouping some of this week's steep losses that were sparked by renewed worries about the group. Also in focus: Warner Bros. Discovery's quarterly loss and streaming profit, Lyft tumbles, Icahn vs. Hindenburg, plus reaction to travel earnings from Expedia and Booking Holdings. Squawk on the Street Disclaimer
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Show Notes
Carl Quintanilla, Jim Cramer and David Faber explored what investors should make of Friday's
market rally after four days of selling. Both Apple's earnings and the government's April jobs report beat expectations,
easing concerns about the possibility of a recession. Regional banks were in rebound mode, recouping some of
this week's steep losses that were sparked by renewed worries about the group. Also in focus:
Warner Bros. Discovery's quarterly loss and streaming profit, Lyft tumbles, Icahn vs. Hindenburg,
plus reaction to travel earnings fromExpedia and Booking Holdings.
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