Snap Shares Sink, Transport Worries Rise, Stocks Dip Ahead of the Open. 10/21/22

Shares of Snap are sinking after the company reported weaker-than-expected revenue for the third quarter. Zacks Investment Research’s John Blank dives into what this means for social media stocks. Plus, big transport operators are trying to lock a deal with unions to avoid a strike. BofA Securities’ Ken Hoexter discusses Wall Street’s worries about freight demand amid a possible recession. And, growing expectations for continued hawkish moves by the Federal Reserve roll on. UBS Global Wealth Management’s Mark Haefele, BNP Paribas’ Carl Riccadonna, and Oppenheimer Asset Management’s John Stoltzfus break down the trading day ahead.