Regional Banks Tumble Again, Paramount Minus, CEO on Biggest U.S. IPO Since 2021 5/4/23

<p>One day after the Fed's tenth consecutive rate hike, Carl Quintanilla, Jim Cramer and David Faber </p><p>discussed another rough session for regional banks. Shares of First Horizon plunged after its</p><p>deal to be acquired by TD Bank was scrapped. PacWest also tumbled -- the bank is mulling strategic</p><p>options including a possible sale. Hear what Jim had to say about "excellent banks" that are getting crushed. </p><p>Also in focus: What to expect from Apple's after-the-bell earnings, Paramount posts a Q1 miss and slashes its dividend,</p><p>Qualcomm's weaker-than-expected guidance overshadows a quarterly beat, The CEO of J&J consumer health </p><p>spin-off Kenvue visited Post 9 to discuss his company going public with the biggest U.S. IPO since November 2021.</p><p> </p><p><a href="https://www.cnbc.com/squawk-on-the-street-disclaimer/">Squawk on the Street Disclaimer</a></p>