Squawk on the Street
Waiting for the Fed, Instacart's IPO Day and $9.9B Valuation, Disney's Double 9/19/23
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Show notes
Interest rates in the spotlight: Carl Quintanilla, Jim Cramer and David Faber discussed stocks under pressure
as the Fed kicks off its two-day policy meeting. The anchors also explored the state of the IPO market: Instacart
heads into its Wall Street debut with a valuation of about $10 billion, while Arm shares fell for a third straight day after
surging in itsreturn to the public markets last week. Also in focus: Disney doubles investment in its parks business
and ABC to air additional "Monday Night Football" games because of the Hollywood strikes, what Oracle CEO Safra Catz
told Cramer about AI, UAW's message to Detroit’s Big 3 as its strike against Ford, GM and Stellantis enters day five.
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