Squawk on the Street
After the Massive Rebound: Big Bank Earnings, UK PM's Tax Cut U-Turn and Kroger Buys Albertsons 10/14/22
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Show notes
The morning after stocks staged an historic one-day turnaround, Carl Quintanilla and Jim Cramer discussed market volatility
and what to make of earnings from big banks including JPMorgan Chase, Wells Fargo, Citigroup and Morgan Stanley. The anchors also reacted to UK Prime Minister Liz Truss' decision to fire the country's chancellor and reverse planned corporate tax cuts -- in wake of recent market turmoil in Britain. Also in focus: Kroger agrees to acquire supermarket rival Albertsons in a $24.6 billion deal, the Apple-Goldman Sachs high yield accounts partnership, why travel stocks are rallying, a price target hike for Netflix, a Musk-Twitter saga twist, plus the bank stock Cramer says is "low risk, high reward." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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