Squawk on the Street
Markets Fall on Walmart and Home Depot Guidance, Rate Hike Fears 02/21/23
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Show notes
Carl Quintanilla, Jim Cramer and David Faber kicked off the holiday-shortened week with a rough start for shares
of Walmart and Home Depot, each falling on guidance that disappointed Wall Street and overshadowed
some of their quarterly results. Worries about the path of Fed rate hikes also weighing on the markets. The anchors
reacted to comments from Morgan Stanley Chief U.S. Equity Strategist Mike Wilson, who told CNBC we
are in the midst of an earnings recession. Also in focus: Winners and losers, President Biden in Poland
one day after his surprise visit to Ukraine, Norfolk Southern facing criticism over the Ohiotrain derailment,
a "Faber Report" on what's driving Credit Suisse shares lower.
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