New Market Week, Yellen's Debt Ceiling Warning, Buffett on Banking Crisis and Apple 5/8/23
Squawk on the Street
00:00
The Resilience of the Economy
Cattleant, a company that had been thought of as a takeover candidate, reported today it will reduce its fiscal 2023 net revenue and adjusted EBITDA by more than $400 million. St. Aaron has a lot of dry powder, and they're doing his spin off of the filtration company. But Deanna Hur is pristine. And I just don't know why they would want to associate themselves with a company that I think there'll be questions about integrity. There may have been something with Deanna Hur at one point but given the damage that's been done here, it's hard to imagine. You gotta step back and wait for them to get their house in order.
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