44 min listen
Cisco and Splunk CEOs on $28B Deal, Markets' Post-Fed Pain, Murdoch Steps Down 9/21/23
Cisco and Splunk CEOs on $28B Deal, Markets' Post-Fed Pain, Murdoch Steps Down 9/21/23
ratings:
Length:
47 minutes
Released:
Sep 21, 2023
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber led off the show with Cisco agreeing to acquire Splunk for $28 billion or $157 per share in cash. Cisco CEO Chuck Robbins and Splunk CEO Gary Steele joined the program to discuss where AI and security fit into the deal. The anchors also discussed markets under pressure after the Fed stood pat on rates Wednesday -- but policymakers wouldn't rule out further hikes. Media also in the spotlight: Rupert Murdoch said he is stepping down as chairman of News Corp. and Fox Corp. Sources told David that Hollywood studios and the Writers Guild are near an agreement that would end the union's months-long strike. Also in focus: FedEx jumps on earnings and full-year profit guidance, plus a look at why shares of WWE and UFC parent TKO Group fell into "smackdown" mode. Squawk on the Street Disclaimer
Released:
Sep 21, 2023
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/01/2019: 8/1/2019. The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. by Squawk on the Street