Global Growth Fears, J&J's Asbestos Concerns & Mall Armageddon

Squawk on the Street

CNBC

News, Investing, Business

4.1 • 567 Ratings

🗓️ 18 October 2019

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla, David Faber & Jim Cramer discuss the trade war fallout as China notches its slowest GDP growth in nearly 3 decades. Renewed asbestos fears for Johnson & Johnson, recalling a single lot of baby powder after contamination found in online purchases. Plus, retail woes extending to the likes of Gap & Macy's and what Jim calls the coming 'mall armageddon.'

Transcript

Click on a timestamp to play from that location

0:00.0	Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla,
0:05.0	on the opening bell hour of CNBC Squawk on the Street.
0:08.0	Good Friday morning, welcome to Squawk on the Street.
0:13.0	I'm Carl Kintania with Jim Kramer, David Faber, the New York Stock Exchange.
0:16.0	Futures are steady as we wrap up the first big week of Q3 earnings.
0:20.0	Coke and Amex look good.
0:21.5	Got some downgrades of Caterpillar, though, Macy's and others.
0:24.1	China GDP was a miss.
0:25.7	Big weekend ahead for the UK as Parliament meets in a special session to talk Brexit.
0:30.7	Ten-year-175.
0:31.8	Got four Fed speakers today, including Vice Chair Clarena.
0:34.8	Our roadmap begins with global growth concerns.
0:38.6	China posting its weakest GDP in 27 years amid fallout from the trade war plus we'll wrap up the first week of earnings season
0:45.0	today we got two down names in focus coke and american express both rallying ahead of the bell j and jay
0:50.9	though a different story will have that as well and And Rick Perry said to leave Trump's cabinet.
0:55.4	The outgoing energy secretary will join us live this hour.
0:59.7	It's going to start with that slowdown.
1:01.1	China's saying its economy grew 6% in Q3 from a year ago.
1:04.6	It's believed to be China's slowest gain in nearly three decades.
1:08.5	Markets here largely shrugging it off.
1:10.7	Industrial production was up from
1:12.1	the prior five to five-eight. Retail sales up from 75 back to 7-8, so kind of mixed.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.