Squawk on the Street
Inflation Data Effect on Markets, Coinbase Is Crypto Crushed, From Darlings to Dogs of 2022 (So Far), and Bracing for Disney Earnings 5/11/22
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Show notes
Carl Quintanilla, Jim Cramer and David Faber led off the show with market reaction to consumer inflation data: April CPI rose
more than expected on a monthly basis but edged lower to a 8.3% annual rate, slightly below a 40-year high. Coinbase shares tumbled on a surprise
quarterly loss in wake of the crypto slump. The anchors explored what to make of stocks many had viewed as Wall Street darlings: Roblox and Carvana
among the names down more than 75% year-to-date heading into the trading session. Also in focus: Kohl's shareholders re-elect directors
despite activist investor pressure, what to expect from Disney's after-the-bell earnings, plus the best buying opportunities in this volatile market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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