Walmart Slides Despite Q3 Beat, The Cisco Skid, Biden-Xi Summit Takeaways 11/16/23
b"Carl Quintanilla, Jim Cramer and David Faber led off the show with retail earnings and the consumer: Walmart shares fell after the company raised full-year guidance that ended up short of analyst consensus, overshadowing a Q3 beat. The anchors explored the similarities and differences between Walmart and Target \\u2013 and what they mean for investors. Carl, Jim and David\\xa0also reacted to Cisco shares tumbling after the Dow component cut its full-year revenue outlook. Also in\\xa0focus: The summit meeting between Presidents Biden and Xi, the Chinese president's message to American CEOs,\\xa0earnings winners and losers including Palo Alto Networks, Alibaba and Macy's, Morgan Stanley CEO\\xa0James Gorman on inflation.\\n\\n\\n\\nSquawk on the Street Disclaimer"