Morgan Stanley’s Big Beat, Amazon Goes Nuclear, Luxury Letdown 10/16/24
Squawk on the Street
00:00
Economic Indicators and Celebrity Banter
This chapter explores the current challenges in the luxury goods and automotive industries, emphasizing the impact of weak consumer demand on brands like Ferragamo and companies like Stellantis and GM. The discussion transitions to a lively exchange about celebrity culture with references to Ben Affleck, before delving into corporate earnings reports, particularly those of J.B. Hunt and United Airlines. It concludes by analyzing broader economic trends, including revenue fluctuations in the airline sector and market reactions to companies like Microsoft.
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Transcript
