Jim Cramer and David Faber discuss the swings in the market. Stocks rebounding after the S&P 500 snapped a 7-day win streak. Plus, President Trump announcing a deal to buy 100 million doses of Moderna’s vaccine sending shares skyrocketing. The company says the deal with the government is worth $1.53 billion. Jim & David breakdown the big movers of the morning from Tesla’s 5-for-1 stock split, to Roku, Kodak, Overstock, Facebook and beyond. And remembering media mogul Sumner Redstone, who has died at the age of 97. Redstone built his family’s drive-in theater chain into a multibillion-dollar empire encompassing CBS & Viacom and later becoming the center of a jilted lover’s lawsuit that nearly cost his family his financial legacy.
Squawk on the Street
Market Swings, Moderna’s Government Deal, Remembering Media Mogul Sumner Redstone
Jim Cramer and David Faber discuss the swings in the market. Stocks rebounding after the S&P 500 snapped a 7-day win streak. Plus, President Trump announcing a deal to buy 100 million doses of Moderna’s vaccine sending shares skyrocketing. The company says the deal with the government is worth $1.53 billion. Jim & David breakdown the big movers of the morning from Tesla’s 5-for-1 stock split, to Roku, Kodak, Overstock, Facebook and beyond. And remembering media mogul Sumner Redstone, who has died at the age of 97. Redstone built his family’s drive-in theater chain into a multibillion-dollar empire encompassing CBS & Viacom and later becoming the center of a jilted lover’s lawsuit that nearly cost his family his financial legacy.
- Broadcast on:
- 12 Aug 2020