Tech-Led Market Rally, Whale Watching, More Job Cuts 2/15/24

Tech-Led Market Rally, Whale Watching, More Job Cuts 2/15/24

  • Af
  • Episode
      1418
  • Published
      15. feb. 2024
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Episode
1418 of 2301
Længde
41M
Sprog
Engelsk
Format
Kategori
Økonomi & Business

Carl Quintanilla, Sara Eisen and David Faber started the hour by discussing the batch of economic data this morning including retail sales and jobless claims; Retail sales tumbled 0.8% in January, much more than expected. The anchors then shifted to the tech sector, and hit Cisco’s latest quarterly results. The company lowered its fiscal 2024 outlook and also announced that it will cut 5% of its global workforce, amounting to over 4,000 jobs. After the opening bells, the desk also discussed a slew of 13F filings, including Warren Buffett’s Berkshire Hathaway trimming its massive stake in Apple.

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