Tom Sosnoff & the Retail Play; Mattel’s Doll Deal; Chips Needed

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 26 January 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

The market’s wild swings have not deterred retail investors; Tastytrade founder Tom Sosnoff breaks down trading volume and trading appetite among the smaller market players. ARK Invest’s Cathie Wood isn’t deterred by big tech’s big swings either, and she’s doubling down on her strategy. Mattel has won back the license to make Disney princess toys, Microsoft is optimistic about its future in the cloud, and the U.S. Commerce Department is warning of a concerningly low semiconductor inventory. Plus, Elton John is postponing some of his shows. In this episode: Tom Sosnoff, @tastytrade Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm the NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	Wild swings again in the markets, this time mega cap tech names rallying.
0:15.0	We use a lot of computers, apparently.
0:18.0	And retail traders, they love these comeback stories,
0:21.0	Tom Sosnov of tasty trades.
0:23.0	Retail investors account for about 20% of the order flow,
0:27.8	but they make up about 80% of market direction.
0:32.2	And a stark warning from the White House not enough chips to last a
0:35.5	week. I think this is an issue of security. At some point we do want to have these chips
0:39.6	manufactured here in the United States. Plus, a doll of a deal for Mattel,
0:44.0	investor Kathy Wood leaning in to Tex Tumbles,
0:47.0	and Elton John is staying off stage for now.
0:50.0	Who knows his original name?
0:52.0	Oh, I used to know this.
0:54.0	But maybe there's an understudy in Times Square.
0:56.0	Maybe I'd go Joe Adonis,
0:58.0	Kernan. Is that taken?
1:00.0	It's Wednesday, January 26, 2022.
1:03.9	Squawk Pod begins right now.
1:06.2	Stand Becky by in three, two, one, Q, please.
	...

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