Squawk on the Street
Tech in Focus: Salesforce Job Cuts, Microsoft Downgraded, Apple and Tesla's Rough Start to 2023 1/4/23
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Show notes
Carl Quintanilla and Jim Cramer took a deep dive into tech: Salesforce plans to cut about 10% of its workforce. The anchors
weigh in on the stock and what Co-CEO Marc Benioff said in his letter to employees. Microsoft shares fell sharply after
UBS downgraded the stock from "Buy" to "Neutral." Hear what Jim had to say about that call. All of this happening one day
after Apple closed trading with a valuation below $2 trillion for the first time since 2021 -- and Tesla shares tumbled, experiencing their worst day in more than two years. Also in focus: Regulators warn banks about crypto risks, Chinese stocks rally, oil prices under pressure and GE Healthcare begins trading after being spun off from General Electric.
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