China’s Housing Hail Mary, Reddit/OpenAI Deal, Gaming Woes 5/17/24

  • By
  • Episode
      1528
  • Published
      May 17, 2024
  • Publisher
0 Ratings
0
Episode
1528 of 2119
Duration
41min
Language
English
Format
Category
Economy & Business

Carl Quintanilla and Jim Cramer started the show by breaking down another positive week for stocks. The Dow was on pace for its 5th straight week of gains, a day after it hit that 40k milestone for the first time ever. CNBC’s Beijing Bureau Chief, Eunice Yoon also joined the program, to discuss China pledging $42 billion in a slew of measures to support the country’s struggling property sector. After the opening bells, the desk hit Reddit shares rallying, after striking a deal with OpenAI allowing the use of its data for training AI models. Also in the mix: Take-Two slashed its bookings forecast, and announced that its new Grand Theft auto game would be released in Fall 2025.

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