Inflation Cools Further, Nike Tumbles, Markets Aim for 8-Week Win Streak 12/22/23
b"Carl Quintanilla, Scott Wapner and Leslie Picker led off the show with the Fed's preferred inflation gauge:Core PCE cooled in November -- up 3.2% year-over year, down from 3.4%. Shares of Nike tumbled afterthe company cut full-year sales guidance and announced a $2 billion cost savings plan, The anchors discussed the\\xa0effect of both stories on the markets, with the major indices on track to extend their weekly win streaks to eight.Also in focus; Bristol Myers Squibb's $14 billion deal, The planned U.S. Steel-Nippon Steel merger faces scrutiny, the stocks taking a hit on China's gaming restrictions, Piper Sandler's chief investment strategist shares his 2024 market outlook,\\xa0the L.A. Dodgers' latest blockbuster free agent signing.\\n\\n\\n\\nSquawk on the Street Disclaimer\\n\\nSquawk on the Street Disclaimer"