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Squawk on the Street

Fed Rate Decision Week and the Markets, Bitcoin Falls Below $19K, and the “Grand Theft Auto VI” Hack 9/19/22

Carl Quintanilla, Jim Cramer and David Faber discussed the markets trying to shrug off fears of aggressive interest rate hikes at this week's Fed meeting, with the ten-year note yield hitting its highest level since April 2011. The anchors reacted to President Biden's comments to CBS' "60 Minutes" about inflation. Crypto also in the spotlight with bitcoin falling below $19,000 to a four-month low on rate jitters. Also in focus: Take-Two Interactive’s Rockstar Games unit confirms a hacker leaked in-development footage from its upcoming "Grand Theft Auto VI" videogame, Amazon as a post-pandemic play, Meta shares trying to rebound, homebuilder stocks get upgraded, and Britain says its final goodbye to Queen Elizabeth II.

Broadcast on:
19 Sep 2022