Markets In Turmoil: Dow Breaks Below 30K, Goldman Slashes S&P 500 Target, and An Exclusive With Robinhood's CEO 09/23/22
b"The post-Fed rate hike sell-off rolls on. Carl Quintanilla, David Faber and Morgan Brennan discussed market jitters surrounding rising rates and fears about a potential recession. The Dow falls below 30,000 and breaks its June low, as bond yields continue to climb. The anchors reacted to Goldman Sachs cutting its year-end target on the S&P 500 to 3,600 from 4,300. Robinhood CEO Vlad Tenev joined the show exclusively to discuss everything from reports that the SEC will not ban payment for order flow -- to the company's new 3% interest rate benefit for top tier members. Also in focus: FedEx plans to hike shipping rates and cut costs,\\nmarket reaction to Costco earnings, tax cuts in the UK, Apple Music becomes the new sponsor of the Super Bowl halftime show, and sources tell David that Credit Suisse is not pursuing a capital raise."