Apple Said to End Electric Car Project Amid 2024 Stock Pullback, DOJ vs. UnitedHealth, Bitcoin $60K 2/28/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 28 February 2024
⏱️ 44 minutes
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| 0:00.0 | Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street. |
| 0:11.4 | Good Wednesday morning. Welcome to Squawk in the Street. I'm David Faber with Jim Kramer. |
| 0:15.4 | We are live from Post 9 at the New York Stock Exchange. Carl is on assignment. |
| 0:19.7 | Let's give you a look at futures. It's hump day for me and Jim. This is what we'd like to call it. It looks like we're going to open lower. What's going on? What happened? It's just that kind of dead. It's disultory. It's what? Desultory is some say. There's really not. You know, this is the day that you and I are together, but we better be darn intellectual, because right now there is nothing that is earth-moving that you and I have in front of us. That is a great way to lead off the show. Keep all of our viewers. I have unbelievable stuff. Okay, he's got unbelievable stuff. Unbelievable. Let's get to our roadmap this morning. It does start with Apple's Evie about phase, reportedly, abandoning its decades- long efforts to develop a automobile, turning |
| 0:56.6 | its focus to generative AI. |
| 0:59.4 | Shares have underperformed so far this year. |
| 1:03.1 | Continued signs of a robust economy, healthy consumer spending, certainly one reason why. |
| 1:08.3 | And Goldman's CEO thinks a soft landing is, quote, uncertain. |
| 1:13.0 | And the DOJ turning its focus to health insurance. |
| 1:16.6 | It is launching an antitrust investigation of the giant. |
| 1:21.0 | UNH. |
| 1:22.7 | You and H is really undersea. |
| 1:25.6 | It's a great American company. |
| 1:26.9 | It's under siege like almost no other, |
| 1:28.3 | between the hack and the justice works. We'll talk about the hack. Yeah, we've had the hack. That's it. It's doing pretty well for a company under siege. But let's talk about another company that's done pretty darn well for a very long period of time. That is Apple. Of course, you've seen these published reports, any number of them, by the way, at this point. |
| 1:46.3 | And so we do believe. That is Apple. Of course, you've seen these published reports, any number of them, by the way, at this |
| 1:45.0 | point. |
| 1:46.0 | And so we do believe it is the case that they are scrapping. |
| 1:50.0 | What's been that really decade-long effort, I mean, I can't believe it's been that long since |
| 1:54.0 | we first started hearing about it. |
| 1:56.0 | Yeah, we're going to build potentially an EV. |
| 1:59.0 | Sources have told Bloomberg that some of the employees on the project are going to be transferred |
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