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Nestle’s New CEO Cuts 16k Jobs, Plus A Timber Merger and Banking Jitters
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Episode 44: Ann looks into Nestle - the world’s largest food and beverage company. It has a new CEO who is pledging 16k job cuts to keep up with a quickly changing industry. Then, two major American timberland companies are merging - we explore if the deal is about timber, or the land? Plus, auto bankruptcies - we break down how the impact is spreading, as regional bank stocks drop with confidence in their lending practices. Finally, we unpack earnings from TMSC, JB Hunt, United and more!
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00:00 Welcome to Brew Markets Daily
01:00 Nestle Has A New Sheriff in Town
04:30 Timberland! $RYN and $PCH Merge
09:00 Regional Banks
14:10 Earnings!
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