Squawk on the Street
The August Rally, Rivian's Big Loss, Chinese Delistings at the NYSE and Can Apple Sustain iPhone Sales? 8/12/22
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Show notes
David Faber, Leslie Picker and Mike Santoli discussed the stocks driving this month's market gains -- and weighed in on the skeptics
who believe that the August rally doesn't have legs. The anchors also reacted to a report stating Apple expects to sustain iPhone
sales this year despite the global electronic slowdown. Also in focus: Rivian's wider quarterly loss and what the Inflation Reduction Act
means for the electric vehicle maker, activist investor ValueAct discloses a stake in the New York Times, five Chinese state-owned companies
plan to delist from the NYSE, and Amazon shares up 30% in the last three months but still down for the year: Is now the time to buy?
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