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Squawk on the Street
Hot PPI, Retail Sales Miss, Mnuchin Talks Buying TikTok, Tesla Valuation Slides Below JPM 3/14/24
Mar 14, 2024
Market reacts to hot PPI and retail sales miss. Mnuchin interested in buying TikTok, Tesla's market cap slips. Under Armour CEO returns, BofA raises Nvidia target. Remembering former Time Warner CEO.
42:58
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Quick takeaways
- Retail sales miss forecasts while PPI shows high wholesale inflation, reflecting economic uncertainty.
- Former Treasury Secretary plans a TikTok buyout as Tesla struggles, highlighting market dynamics and power players.
Deep dives
Financial Markets Outlook
Stocks show optimism despite hot economic data like PPI doubling expectations and Tesla struggles. Former Treasury Secretary aims to buy TikTok amid market reactions to PPI and retail sales. Market remains interestingly dependent on factors like Nvidia's performance.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode