Squawk on the Street
CVS CEO Shakeup, Netflix Jumps on Q3 Beat, Amex and P&G: Earnings and the Consumer 10/18/24
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Show notes
Carl Quintanilla and Jim Cramer led off the show with CVS Health shares tumbling after the company replaced CEO Karen Lynch with long-time executive David Joyner – and cut guidance in wake of rising medical costs. The anchors also discussed Netflix shares surging on better-than-expected third-quarter results and the addition of 5.1 million subscribers. Also in focus: Market reaction to results from American Express and Procter & Gamble, Apple jumps on a bullish report about iPhone 16 sales in China, AWS CEO’s message to employees who don’t want to return to the office, "Not a great company" -- find out which one Cramer is talking about.
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