Closing Bell: Stock losses accelerate, Optimism from Pepsico in Davos, Microsoft cuts 10,000 jobs 1/18/23
Stocks pulled back sharply in Wednesday trading as investors digested a batch of economic data and the latest signals from the Fed\u2019s Beige Book. Bespoke\u2019s Paul Hickey weighs in on the \u201csoft landing\u201d debate and what he sees in the market right now. Barbara Doran from BD8 Capital Partners breaks down where she sees opportunities. Sara sits down with the CEOs of Pepsico and ServiceNow at the World Economic Forum in Davos, where they struck an optimistic tone about the business environment. Plus the latest on Microsoft\u2019s job cuts, retail sales, and Moderna\u2019s RSV vaccine.