Squawk on the Street
Meta Plunges, Blue Chips’ Earnings Bounce, the CEOs of Southwest and ServiceNow and Musk's Message to Twitter Advertisers 10/27/22
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Show notes
Carl Quintanilla, Jim Cramer and David Faber led off the program with another large cap tech tumble: Facebook parent Meta Platfoms missing on earnings and disappointing Wall Street on guidance. The anchors reacted to Mark Zuckerberg's earnings call comments: He urged investors to be patient with his metaverse spending strategy. You'll want to hear Jim’s eye-opening take on Meta.
Two CEOs appeared on the program: Southwest Airlines' Bob Jordan on record revenue and stronger travel demand -- and ServiceNow's Bill McDermott on quarterly results that sent the stock up double-digits. Also in focus: GDP returns to growth in Q3, Elon Musk’s tweet to Twitter advertisers on why he bought the company, blue chip earnings beats from the likes of Caterpillar and Honeywell, plus a breakdown of Credit Suisse's strategic overhaul. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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