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Squawk on the Street

Stock Market Rebound, President Trump's Messages On Stimulus, and Big Tech Under Fire

Carl Quintanilla, Jim Cramer and David Faber discussed the big rebound in stocks after President Trump tweeted that he would approve a series of coronavirus relief measures -- a change from Tuesday when stocks fell sharply after the president tweeted the White House would halt stimulus talks with Democrats. The anchors took an in-depth look at the airline industry as it hopes to benefit from a standalone aid bill. They also focused on Capitol Hill's scrutiny of big tech companies, as Democrats on the House Judiciary Subcommittee on Antitrust put out a report saying Facebook, Apple, Amazon and Alphabet enjoy "monopoly power" that needs to be curbed by changing antitrust laws.

Broadcast on:
07 Oct 2020

Carl Quintanilla, Jim Cramer and David Faber discussed the big rebound in stocks after President Trump tweeted that he would approve a series of coronavirus relief measures -- a change from Tuesday when stocks fell sharply after the president tweeted the White House would halt stimulus talks with Democrats. The anchors took an in-depth look at the airline industry as it hopes to benefit from a standalone aid bill. They also focused on Capitol Hill's scrutiny of big tech companies, as Democrats on the House Judiciary Subcommittee on Antitrust put out a report saying Facebook, Apple, Amazon and Alphabet enjoy "monopoly power" that needs to be curbed by changing antitrust laws.