About this episode
U.S. markets bounce back with the Nasdaq enjoying its best day for a month. However, Apple’s share price drags in extended trade, however, after CEO Tim Cook warns of an $8bn hit due to continuing Covid and supply constraints. Amazon is also in the red after reporting its first quarterly loss in 7 years, weighed down by its stake in EV maker Rivian. CFO Brian Olsavsky says that inflation is here to stay. Elon Musk makes a one-off sale of Tesla stock to help fund his Twitter deal. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .