Squawk on the Street
Regional Banks Tumble Again, Paramount Minus, CEO on Biggest U.S. IPO Since 2021 5/4/23
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Show notes
One day after the Fed's tenth consecutive rate hike, Carl Quintanilla, Jim Cramer and David Faber
discussed another rough session for regional banks. Shares of First Horizon plunged after its
deal to be acquired by TD Bank was scrapped. PacWest also tumbled -- the bank is mulling strategic
options including a possible sale. Hear what Jim had to say about "excellent banks" that are getting crushed.
Also in focus: What to expect from Apple's after-the-bell earnings, Paramount posts a Q1 miss and slashes its dividend,
Qualcomm's weaker-than-expected guidance overshadows a quarterly beat, The CEO of J&J consumer health
spin-off Kenvue visited Post 9 to discuss his company going public with the biggest U.S. IPO since November 2021.
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