Carl Quintanilla, Jim Cramer and David Faber led off the show with banking turmoil in focus: PacWest shares tumbled and dragged down other regional banks after the company disclosed it lost 9.5% in deposits during the week ended May 5. Shares of Disney also down sharply after the media giant said it experienced streaming subscriber losses for a second consecutive quarter. On the inflation front, the April Producer Price Index rose 2.3% year-on-year -- the smallest increase since January 2021. Also in focus: Alphabet shares jump on Google's AI showcase, Goodyear shares soar on activism news, the Hindenburg-Carl Icahn battle heats up.
Squawk on the Street Disclaimer
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Squawk on the Street