Exxon Mobil Buys Pioneer, Hotter-Than-Expected PPI, Birkenstock Goes Public 10/11/23

Exxon Mobil Buys Pioneer, Hotter-Than-Expected PPI, Birkenstock Goes Public 10/11/23

  • Af
  • Afsnit
    • 1279
  • Udgivet
    • 11. okt. 2023
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Afsnit
1279 of 1998
Længde
43M
Sprog
Engelsk
Format
Kategori
Økonomi & Business

Carl Quintanilla, Jim Cramer and David Faber began the show with the biggest M&A deal of the year as Exxon Mobil agreed to buy Pioneer Natural Resources for nearly $60 billion in an all-stock merger. Exxon said its production volume in the Permian Basin would more than double to 1.3 million barrels per day once the transaction closes. The anchors then shifted to this morning’s inflation data with PPI coming in hotter than expected at 0.5% vs. the 0.3% estimate. Also in the mix: shoe maker Birkenstock made its market debut at the NYSE, after pricing at $46 per share. Should investors buy the new public company?

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