Nestle’s New CEO Cuts 16k Jobs, Plus A Timber Merger and Banking Jitters

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! Listen to Capital Ideas on your favorite podcast player https://podcasts.apple.com/us/podcast/capital-ideas-podcast/id1206119204 www.brewmarkets.com Subscribe to the Brew Markets newsletter: https://www.morningbrew.com/brew-mark... Follow Brew Markets on social: Instagram: instagram.com/brewmarkets TikTok: tiktok.com/@brewmarkets X: x.com/brewmarkets Follow Ann Berry on social: Instagram: instagram.com/annberry_nyc X: x.com/AnnBerry_NYC Listen to Brew Markets Here: swap.fm/l/9Qk4z73Z2nEwFiCB4qee Watch Brew Markets Here: ⁠ https://www.youtube.com/@BrewMarkets 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! Disclosure: Paid Endorsement. Brokerage services by Open to the Public Investing Inc, member FINRA & SIPC. Advisory services by Public Advisors LLC, SEC-registered adviser. Cryptocurrency trading is offered by Bakkt Crypto Solutions (NMLS ID 1890144), licensed by the NYSDFS. Alpha is an experimental AI tool powered by GPT-4. Its output may be inaccurate and is not investment advice. Public Holding’s, Inc. makes no guarantees about its accuracy or reliability—verify independently before use. Options are not suitable for all. Investors should read Options Disclosure at ⁠ Public.com/odd Learn more about your ad choices. Visit megaphone.fm/adchoices