Squawk on the Street
Big Earnings Week, Tesla vs. Ford, AT&T Extends Stock Slide to 30-Year Lows 7/17/23
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Show notes
Carl Quintanilla, Jim Cramer and David Faber kicked off the show with a look at what to
expect from the markets this week -- featuring earnings from the likes of Bank of America,
Goldman Sachs, Morgan Stanley, Netflix and Tesla. Speaking of the autos: Tesla shares jumped
on news that the company built its first Cybertruck, while shares of Ford fell after it cut prices
of its electric F-150 Lightning truck. AT&T shares fell to 30-year lows on a downgrade plus analyst
reaction to risks of legacy lead cable exposure highlighted in a Wall Street Journal investigation.
Also in focus: Luxury stocks under pressure on slower-than-expected China GDP growth, Labor stalemates
from UPS to Hollywood, the Microsoft-Activision deal closes in on a Tuesday deadline.
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