BofA Kicks Off a Big Earnings Week, Musk's Takeover Offer: Should Twitter "Take the Money ... and Run"? Plus -- Didi Tumbles In Preparation for U.S. Delisting. 4/18/22
Carl Quintanilla, David Faber and Morgan Brennan led off the show with Bank of America's better-than-expected quarterly results, kicking off a busy week of earnings reports as the 10-year note yield rises to highs not seen since late 2018. MoffettNathanson Senior Managing Director Michael Nathanson joined the program to discuss why Twitter should "Take the money ... and run" and accept Elon Musk's takeover offer. Also in focus: An inside look at Rivian and its supply chain challenges with shares of the electric vehicle startup down more than 60% year-to-date, Didi shares tumble after the Chinese ride-hailing firm schedules a vote on delisting from the U.S., and a report from on the ground in China on the impact of Shanghai's weeks-long lockdown as it battles a COVID outbreak.
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