Squawk on the Street Tech Extends Sell-off, Cramer at J.P. Morgan Healthcare Conference, Zuckerberg Slams Apple 1/13/25
Jan 13, 2025
The tech sector faces a sell-off, raising concerns about innovation and market dynamics. Mark Zuckerberg takes a jab at Apple while discussing 'masculine energy.' Jim Cramer shares insights from the J.P. Morgan Healthcare Conference, emphasizing challenges in healthcare. In corporate news, Johnson & Johnson is acquiring a drugmaker for $14.6 billion, while Cleveland-Cliffs eyes a partnership with Nucor for a bid on U.S. Steel. Economic uncertainties and the impact of California wildfires add to the market's complex landscape.
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Tech Sell-off
- Tech stocks, including quantum and nuclear-related companies, experience a sell-off.
- This sell-off is attributed to a speculative wave and new AI regulations from the Biden administration.
Zuckerberg on Apple
- Mark Zuckerberg criticized Apple in a Joe Rogan interview, claiming Apple stifles innovation.
- Zuckerberg's stance aligns with the Justice Department's concerns about Apple.
Wildfire Impact
- California wildfires will significantly impact the economy.
- The rebuild will be extensive and could slow things down economically.