Squawk on the Street
Tesla's Q3 Miss, Netflix Shares Surge, Powell and Yields Watch 10/19/23
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Show notes
Carl Quintanilla, David Faber and Sara Eisen led off the show with market reaction to "Big Tech" earnings.
Tesla shares fell sharply on a Q3 miss as price cuts weighed on profits. A different story for Netflix: Shares surged
on news that the streaming giant added about nine million subscribers, posted a quarterly earnings beat and
announced price hikes. The anchors also explored what to expect from Thursday's remarks by Fed Chair
Powell as the 10-year note yield continued its march toward 5%. Also in focus: The Israel-Hamas war,
Earnings winners and losers including AT&T and American Airlines, Nestle CEO and the "Ozempic effect."
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