35 min listen
Fed Looks Back to Y2K, Bill Gates vs. Elon Musk & Summer Travel Demand 5/05/22
FromSquawk Pod
ratings:
Length:
29 minutes
Released:
May 5, 2022
Format:
Podcast episode
Description
Stocks fell sharply Thursday and erased large gains seen in the previous session after the Federal Reserve raised rates by half a point. CNBC’s Steve Liesman breaks down the Federal Reserve’s move – and his role in the initial relief rally. Tesla CEO Elon Musk has lined up additional funding for his takeover of social media giant Twitter, according to a new filing. Meanwhile Bill Gates has warned that Elon Musk could make Twitter “worse” after Musk accused him of shorting Tesla stock last month. Facebook parent Meta is slowing the pace of hiring as it reckons with its weakest revenue growth on record and ongoing business challenges, such as Apple’s privacy changes and the war in Ukraine. Glenn Fogel, president and CEO of Booking Holdings, breaks down the company’s latest quarterly earnings report and summer travel demand. Plus, happy Cinco de Mayo!In this episode:Steve Liesman, @steveliesmanGlenn Fogel, @BookingHoldingsAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie
Released:
May 5, 2022
Format:
Podcast episode
Titles in the series (100)
Goldman’s Former Head Lloyd Blankfein: Poverty & GDP Are Also Health Issues: Lloyd Blankfein, former Goldman Sachs CEO and famed risk manager, discusses reopening economies to spare Americans further economic--and possibly physical--damage, and he shares lessons learned from the last financial crisis. United States Secretary of State Mike Pompeo explains Covid diplomacy as the U.S. looks to China for help in ending the global pandemic. by Squawk Pod