tightening of credit is something that can choke off economic growth. we ve been in an environment where interest rates have gone up the fastest pace in 40 years. the design to temper demand and get inflation under control. what we re seeing is that sharp rise in interest rates has exposed banks that were not positioned for that. that s causing a lot of nervousness. a lot of the movement that you re seeing in bank stocks, keep in mind, stock prices are a reflection of future earnings expectations. volatility in the stock price doesn t it s not an indictment of the bank s health as much as it may be investors changing views on what the profit outlook will be going forward. if there s less lending, if interest rates are higher and it costs them nmore to get capital that s going to affect the bottom line. that s a great point. that s what we re seeing with the stock price. doesn t necessarily mean that a bank is weak. it s an indication rather of
after the electronics retailer hiked the output and beat earnings expectations. hughlett packard announcing plans to layoff 6,000 workers. that is the latest tech company to significantly downsize staff as the economy in general. sales are tumbling more than 11%. facebook parent meta recently said it was cutting 11,000 jobs. amazon confirmed last week widespread layoffs have already started. tech sector continuing to be hit very hard. are you looking for the best black friday deals? they are already here so let s bring in cnn business reporter nathaniel myerson. where do we go for the best deals? you think back to last year. there weren t that many good
There’s a lot of worry about who might come into the Treasury Department’s crosshairs next. But meanwhile, Matterport (NASDAQ:MTTR) is having a great day.
and is a soft landing for the u.s. economy still possible, or are we heading toward a recession? let s ask the chairman and ceo of baird company. jason, nice of you here. lots of turmoil in the financial markets. i wonder what you think they re telling us. is this just the end of easy money with higher rates adjustment and the adjustment to that, or is it something deeper in the economy? i think it primarily is an end to easy money, and the fact really is that the fed has obscured what the rate in the markets has been for 13 year. so there s an adjustment period right now. i think most of the decline in stocks thus far has been associated with higher interest rates and an acknowledgment the that inflation is a little bit more structural. what you haven t seen yet and which is somewhat concerning for us is that you haven t seen earnings expectations for, for