Record Highs for the Blue Chips, Key Fed Inflation Gauge Reaction, China's Stimulus Rally 9/27/24
David Faber, Sara Eisen and Mike Santoli led off the show with market reaction to the Fed's preferred measure of inflation: PCE came in tamer than expected for August year-over-year – and the Dow hit a new all-time high. China also in the spotlight after the best week for that country's stock market since 2008, buoyed by Beijing's stimulus measures. Also in focus: "Faber Report" on Echostar nearing a deal to sell Dish to DirecTV, Costco falls on quarterly results, billionaire investor David Tepper on Japan, Southwest's CEO speaks out about activist investor Elliott. Squawk on the Street Disclaimer
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Show Notes
David Faber, Sara Eisen and Mike Santoli led off the show with market reaction to the Fed's preferred measure of inflation: PCE came in tamer than expected for August year-over-year – and the Dow hit a new all-time high. China also in the spotlight after the best week for that country's stock market since 2008, buoyed by Beijing's stimulus measures. Also in focus: "Faber Report" on Echostar nearing a deal to sell Dish to DirecTV, Costco falls on quarterly results, billionaire investor David Tepper on Japan, Southwest's CEO speaks out about activist investor Elliott.
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