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CNBC's "Fast Money"

Apple’s $50 Billion Dollar Hiring Freeze, and Digging in on IBM Earnings 7/18/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 18 July 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shares of Apple plunged after a report the company is planning to slow hiring in some areas, bringing the rest of the market down with it. What the warning sign from the biggest company in the US says for the market. Plus IBM’s been a stealth winner in the tech space this year, but can the outperformance continue? What its latest earnings report says about the future of Big Blue. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

right now on fast apples having the

0:03.9

brings reportedly slowing hiring

0:05.7

and spending for the next year

0:07.7

the tech giant prepping for a

0:09.0

potential economic slow down the

0:11.4

ripple effect across corporate

0:12.5

America coming up. Plus a building

0:14.9

bummer home building sentiment

0:16.7

takes a historic drop this month

0:18.8

it's largest one month lunch in

0:21.1

the thirty seven year history of

0:23.1

the survey is the housing boom

0:25.5

about to go bust again. And

0:27.6

later netflix on the clock they

0:29.1

report tomorrow the street

0:30.3

bracing for subscriber losses

0:32.3

in the millions with the stock

0:34.0

already down nearly seventy

0:35.3

percent this year. Should

0:36.8

investors prepare for more

0:38.2

pain. I'm Leslie picker in

0:40.1

for more. This is fast money

...

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