Squawk on the Street

Walmart Beats, Cisco CEO Exclusive, Fed for Thought: Ten-Year Yield Hits 2008 High 8/17/23

Aug 17, 2023
Chuck Robbins, CEO of Cisco, discusses the company's earnings beat and AI outlook. Walmart's better-than-expected results and raised guidance cause stock volatility. Ten-year yield hits a fresh 15-year high. China's challenges and growth targets mentioned. Impact of rising yields on tech companies. Transition to a software company with recurring revenue. Concerns about economic impact and market conditions. AI's impact on consulting jobs and stock investment discussions.
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