PPI Runs Hot, Nike Job Cuts, Coinbases Surprise Profit 2/16/24
b'David Faber, Sara Eisen and Mike Santoli began the show by breaking down this morning\\u2019s PPI inflation report. The producer price index, a measure of prices received by producers of domestic goods and services, rose 0.3% for the month, the biggest move since August. The anchors also hit Nike, the latest firm to announce job cuts. The company said it would lay off 2% of its employees, more than 1,500 jobs, as part of a broader restructuring. After the bells, the desk hit a ton of earnings movers, including Coinbase. Shares of the crypto platform surged after posting a surprise profit for the first time in two years. \\n\\nSquawk on the Street Disclaimer'