Squawk on the Street
Fedspeak Effect on Markets, Retail and Tech Earnings Reaction, Tesla Stock Popularity 3/3/23
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Show notes
David Faber, Scott Wapner and Mike Santoli discussed the impact Fedspeak on interest rates is having on the markets - with the 10-year note yield hovering around four percent and the S&P 500 poised to snap a three-week losing streak. Is the stock market appropriately priced? The anchors reacted to quarterly results from the likes of Costco, Nordstrom, Broadcom, Dell and HP Enterprise. Also in focus: Morgan Stanley's case for making Apple its top hardware pick, new data indicating why Tesla shares more popular than ever among individual investors, the CEO whose customers are urging him "to not miss out" on the AI arms race, plus Third Point's Dan Loeb takes a passive stake in AMD.
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