Powell Speaks, Coinbase Layoffs, Disney CEO's "Four Days" Message to Employees 1/10/23

Carl Quintanilla, Jim Cramer and David Faber discussed what investors should make of Tuesday's comments from Fed Chair Jerome Powell. In remarks delivered to Sweden’s central bank, Powell said the Fed needs to remain independent from political influence while battling inflation -- adding that "Price stability is the bedrock of a healthy economy." The anchors also reacted to Coinbase announcing its second round of layoffs in less than a year, plus what the company's CEO Brian Armstrong told CNBC about cutting 20% of its workforce. Also in focus: Disney CEO Bob Iger tells employees they would be required to work in a Disney office four days a week, Warner Bros. Discovery's big 2023 rebound, plus Apple reportedly plans to replace a key Broadcom chip with an in-house design. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.