• Green Friday, State of the Retail Investor, China vs. Nike & H&M, WeWork Agrees to SPAC Deal, U.S. Transportation Secretary Pete Buttigieg

  • Mar 26 2021
  • Length: Not Yet Known
  • Podcast

  • Summary

  • The “Squawk on the Street” team discusses stocks edging higher, in the green to close out the week. Focusing on the retail investor as GameStop shakes off a slump and soars to snap a recent slide. China vs. Nike and H&M day 2. The world’s biggest seller of fast fashion, H&M, effectively ceasing to exist in China after it was wiped off of apps in China. Backlash continuing from Chinese consumers over the company’s decision to stop sourcing from China’s Xinjian region. Plus, still breached. The stranded mega-container vessel, Ever Given stuck in the Suez Canal, holding up an estimated $400 million an hour in trade, according to estimates. WeWork agreeing to a SPAC deal with BowX Acquisition, that would take the startup public in a deal worth $9 billion including debt. WeWork was once valued at $47 billion. Watching bank stocks, after the Federal Reserve announced plans to lift restrictions on bank dividends and stock buybacks. And an interview with the U.S. Transportation Secretary, Pete Buttigieg. Hear what the Secretary had to say about the future of infrastructure spending and much more.
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