Squawk on the Street
Reaction to Facebook's Q3 Results, Zuckerberg Slams "False Picture," 3M and GE Join the Earnings Parade, Trillion-Dollar Tesla, The Market's Record Run, and DraftKings Pulls Its $22B Takeover Bid
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Show notes
Carl Quintanilla, Jim Cramer and David Faber began the show by exploring mixed quarterly results from Facebook -- and weighing in on Mark Zuckerberg's earnings call comments. In wake of whistleblower allegations, Zuckerberg complained about a "coordinated effort to selectively use leaked document to paint a false picture of our company." The anchors also discussed the impact that Apple’s new privacy restrictions had on Facebook's ad sales growth. Carl, Jim and David also took an in-depth look at market reaction to earnings from the likes of 3M, General Electric and UPS – and where supply chain issues fit into the picture. The future for Tesla also in the spotlight one day after its market cap surpassed $1-trillion for the first time. The anchors discussed what investors should make of Tesla's valuation. Also in focus: A new intraday record high for the Dow and S&P 500, DraftKings withdraws its $22-billion bid to acquire U.K.-based sports betting company Entain, and a report stating that Apple is likely to face a Justice Department antitrust suit. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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