Closing Bell: Overtime: Impact From UAW Strikes Begins; Databricks CEO On Latest Fundraising; David Sacks Talks His Latest Company 9/15/23
Major averages ended Friday lower as chip stocks slid on demand worries. Wilmington Trust\u2019s Meghan Shue and Unlimited Funds\u2019 Bob Elliott break down the market action. Our Phil LeBeau reports that Ford plans to lay off 600 workers as UAW strikes ramp up while GM warns of negative ripple effects. Databricks CEO Ali Ghodsi on his company\u2019s latest fundraising and a potential IPO timeline. Needham\u2019s Charles Shi on Arm\u2019s first two days of trading and a Reuters report warning Taiwan Semi is worried about demand. Craft Ventures Co-Founder David Sacks talks his new company SaaSGrid and the state of tech.