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.

Introduction

4min

Market Resilience and Tesla's Performance

10min

Legislation Impact on TikTok and Business News Update

3min

Shifting Leadership Dynamics in the Sportswear Industry

4min

Stock Discussions, Pre-market Gainers, and Housing Market Insights with 5G Connectivity Promotion

2min

Market Trends and Company Performance Analysis

20min

Market Expansion and Infrastructure Investment in Generative AI

3min

Carl Quintanilla, David Faber and Mike Santoli led off the show with market reaction to key February data ahead of next week’s Fed meeting: The Producer Price Index showed hotter-than-expected wholesale inflation, while retail sales missed economists' forecasts. The anchors also reacted to what former Treasury Secretary Steven Mnuchin told CNBC: He plans to form an investor group to buy TikTok. How low can Tesla go? This year's worst performer on the S&P 500 slipped below JPMorgan Chase in terms of market cap. Also in focus: Kevin Plank returns to Under Armour as CEO, retail earnings roundup, BofA lifts its price target on Nvidia, remembering former Time Warner CEO Gerald Levin.

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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

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Financial Markets Outlook

Nvidia's Growth Potential

Market Sentiment Concerns

Sovereign Demand for AI Infrastructure

Remember Everything You Learn from Podcasts