Squawk on the Street
Tesla Jumps, Airlines and AT&T Slump, Amazon's Healthcare Acquisition, and the ECB's First Rate Hike in 11 Years 7/21/22
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Show notes
After a two-day rally for stocks, Jim Cramer and David Faber kicked off the show by discussing Tesla's better-than-expected
quarterly earnings, which overshadowed a revenue miss and supply chain challenges. The anchors reacted to various comments Tesla CEO Elon Musk made on his company’s earnings call. From cars to planes: Airline stocks among the biggest losers in reaction to quarterly results from United and American.
Also in focus: AT&T tumbles on its free-cash flow forecast, Amazon ramps up its healthcare push by agreeing to acquire One Medical for $18 per share in cash, the European Central Bank hikes interest rates for the first time since 2011, and Cramer discusses whether now's the time to get on big tech names such as Apple and Alphabet.
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