Busiest Week of Earnings, Coca-Cola’s Q1 Beat, Bed Bath & Bankrupt 4/24/23

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 24 April 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber began the hour with a look at the big earnings week ahead with 178 S&P companies getting ready to report, including some mega-cap tech names. The anchors also hit Coca-Cola’s latest quarter, after the company reported a beat on the top and bottom lines; results received a boost from price hikes and higher demand. For Cramer’s “Mad Dash” he hit Bed Bath & Beyond after the company filed for bankruptcy protection following its failed turnaround efforts. Later in the hour, David Faber had a “Faber Report” on the UK CMA’s final decision on the Microsoft-Activision deal due Wednesday. He also warned our viewers on the “highly questionable” $10/share bid that Getty received from Trillium Capital. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. Don't miss a minute of the action. Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kinteneo with David Faber, the New York Stock Exchange. Kramer's in Frisco, Texas. More on that in just a moment. In time, buckle up for the busiest week of earning season. 178 S&P companies report this week, including plenty of mega cap tech,
0:23.4	also some critical inflation data. for the busiest week of earning season. 178 S&P companies report this week, including plenty of mega-cap tech.
0:23.4	Also some critical inflation data were seven trading days out from that Fed decision.
0:27.3	A roadmap this morning begins with a critical week for corporate results.
0:30.7	As we said, a third of the S&P, almost half the Dow said to report.
0:34.6	Plus it is a big week for big tech riding the rally that has moved markets so far
0:38.8	this year. Alphabet, Microsoft, Meta, Amazon, all on deck. And sure there's a bedbath and beyond.
0:46.6	Yeah, well, they're beyond. They're down 99% in the last year. It files for bankruptcy protection,
0:53.7	finally, Carl.
0:55.3	Let's begin with Jim.
0:56.7	Who can explain what's up with Texas this morning, Jim?
1:00.4	Well, we're down here to look at what I regard as being enemy territory, admittedly.
1:04.2	But I'm at the start, Frisco.
1:06.5	This is another Jerry Jones world, just kind of like Jerry Land where the stadium is. But this is a
1:12.4	practice field behind me. We actually have real legitimate cowboys here. Can't touch the ball,
1:17.9	but they're throwing, I don't know, see invisible balls. And this is just one of the most
1:23.0	exciting places on Earth, because it's a brand new city. It does remind me of Disney World.
1:27.3	Stock would be 120th. It was part of this. And what I have to tell is I got Cotero on, which is natural gas and oil. And I've got the, I think, maybe the interview of the day, which is Southwest Air. We've got to find out what's really going on there. But it's Jerryville. And what Jerry's got to say is don't forget he's big on natural gas.
1:45.3	Obviously, he's big on how to value things.
1:47.9	And David, I got to tell you, what the spirit down here and what Jones is accomplishing is only, it's unique to Texas.
1:55.7	You just don't find it anywhere else in the country.
1:57.7	David, they love capitalism down here. It's kind of an odd thing.
	...

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