Squawk on the Street
Markets Extend Rally, Goldman Beats, Salesforce and Colgate Jump on Activist Moves and Microsoft Cuts More Jobs 10/18/22
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Show notes
Carl Quintanilla, Jim Cramer and David Faber discussed the markets extending Monday's rally as Goldman Sachs leads names posting better-than-expected earnings. The anchors reacted to what Goldman CEO David Solomon told CNBC about the possibility of a recession. While at the "13D Monitor Active-Passive Investor Summit," Faber broke news that sparked a jump in shares of Salesforce: Starboard Value has taken a stake in the Dow component. Is this a sign that enterprise software stocks are worth buying? Also in focus: Microsoft confirms additional job cuts, Johnson & Johnson earnings, buying opportunities in the banking sector, plus a "Faber Report": Dan Loeb's Third Point takes a stake in Colgate-Palmolive. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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