A Miss from Tesla, Hope from GDP, & Layoffs from Tech Firms 01/25/24

GDP in the fourth quarter of 2023 increased 3.3%, beating economist expectations. After Tesla reported a miss on revenue and profit in its fourth quarter, CNBC’s Phil Lebeau explains the results and the slowing growth for EV makers across the board. Plus, gearing up to the general election, Financial Services Committee Chair Rep. Patrick McHenry (R-North Carolina) discusses the push to get deals done in Congress. IBM, eBay, TikTok, Amazon, Google and other tech players are laying off workers; employment consultant Jason Greer explains the role of AI in today’s evolving labor market. 

Phil Lebeau - 4:08

Jason Greer - 19:29

Patrick McHenry - 32:51

In this episode

Rep. Patrick McHenry, @PatrickMcHenry

Phil Lebeau, @Lebeaucarnews

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY