Squawk on the Street
Morning After the Worst Day for Stocks in '23, Fed's Bullard Speaks, Intel Slashes Dividend 02/22/23
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Show notes
Carl Quintanilla, Jim Cramer and David Faber engaged in wide-ranging discussions about what's next for the markets after
Tuesday's sell-off, which resulted in the worst day for stocks so far this year. Cramer outlined six things that must
happen before he can declare an end to the sell-off. The anchors also reacted to pre-market comments that St. Louis Federal
Reserve President James Bullard made to CNBC about rate hikes, inflation and the markets overpricing the chances of a recession.
Also in focus: Intel slashes its quarterly dividend by 66%, Baidu doubles profits and ramps up its AI bot strategy,
Regulators in Beijing reportedly told Chinese tech giants not to offer ChatGPT services, Palo Alto Networks surges on earnings,
plus what to expect from Nvidia's quarterly results after the close of Wednesday's trading.
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