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Worst First Half Since 1970, RH’s Profit Warning, Bitcoin Bedlam 6/30/22

Worst First Half Since 1970, RH’s Profit Warning, Bitcoin Bedlam 6/30/22

Carl Quintanilla and Jim Cramer began the show with a look at the market action, with the S&P on pace for its worst first half since 1970. The anchors also broke down a slew of economic data, as core personal consumption expenditures prices, excluding food and energy, rose 4.7% from a year ago, slightly less than expected. They also drilled down on RH, the latest company to issue a warning on the consumer. Shares of that stock slid after the company lowered its outlook for the year. Also in the mix: Bitcoin dipped below $19K and is headed towards its worst month on record.

Squawk on the Street

June 30, 202244m 3s

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Show Notes

Carl Quintanilla and Jim Cramer began the show with a look at the market action, with the S&P on pace for its worst first half since 1970. The anchors also broke down a slew of economic data, as core personal consumption expenditures prices, excluding food and energy, rose 4.7% from a year ago, slightly less than expected. They also drilled down on RH, the latest company to issue a warning on the consumer. Shares of that stock slid after the company lowered its outlook for the year. Also in the mix: Bitcoin dipped below $19K and is headed towards its worst month on record. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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