Squawk on the Street
Markets' Losing Streak, Amazon's $4B Bet on AI, Writers-Hollywood Studios Tentative Deal 9/25/23
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Show notes
Carl Quintanilla, Courtney Reagan and Mike Santoli kicked off the final week of September and Q3
with a look at the markets: Major indices trying to avoid a five-day losing streak.
Canaccord Genuity strategist Tony Dwyer joined the conversation. Amazon confirmed it plans to invest
up to $4 billion in a startup rival to OpenAI. On the labor front: Media stocks rose after the Writers Guild
and Hollywood studios announced a tentative agreement that could end a months-long strike, while the
UAW's strike against Detroit automakers entered a second week. Also in focus, consumer and health-related
stocks under pressure, Meta's chatbot push, Citi CEO's overhaul message, a Taylor Swift sighting on NFL Sunday.
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