Second Half of Trading, Techs Belt Tightening, Kohls Crushed 7/01/22

Published: July 1, 2022, 2:37 p.m.

b'Carl Quintanilla, Leslie Picker and Mike Santoli began the hour by breaking down how investors can navigate the markets for the second half of the year, after the S&P suffered its worst first half in decades. \\u201cThe Big Short\\u201d investor Michael Burry, known for calling the subprime mortgage crisis, warned investors that 2022\\u2032s market turmoil is only half finished. The economic uncertainty also led to Meta Platforms joining the growing list of tech companies scaling back their hiring plans. According to a report from Reuters, in an employee Q&A session, Mark Zuckerberg warned that it might be \\u201cone of the worst downturns we\\u2019ve seen in recent history.\\u201d Also in the mix: Kohl\\u2019s shares got crushed after ending talks to be bought by Vitamin Shoppe parent Franchise Group.'