Tesla's Stock Split Push, Shanghai Lockdown Effect, Apple Falls But Makes Oscars History, and Interviews with the CEOs of AMC and HP 3/28/22
Carl Quintanilla, Jim Cramer and David Faber led off the show with Tesla: Shares up sharply after the company disclosed it will ask shareholders to approve an increase in the number of additional shares, in order to enable another stock split. Apple shares fall on a report stating the company plans to cut production of the iPhone SE and Airpods. Cramer explains why he's still upbeat about Apple, whose streaming service became the first to win an Academy Award for best picture as "CODA" took the top prize Sunday night. AMC Entertainment CEO Adam Aron joined the program to discuss M&A, meme stocks, the movie business and Will Smith slapping Chris Rock on stage during the Oscars ceremony. The anchors also interviewed HP Inc. CEO Enrique Lores about his company agreeing to acquire Poly as HP bets on hybrid work trends. Also in focus: Oil prices tumble in reaction to Shanghai's lockdown amid a surge in COVID cases, crypto extends its March rally and the 10-year note yield hits 2.5%
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