Carl Quintanilla, Jim Cramer and David Faber discuss the President’s executive order over TikTok & WeChat. President Trump banning the apps from operating in 45 days if they are not sold by their Chinese-owned parent companies. TikTok fighting back, threatening legal action against the executive order saying, “This Executive Order risks undermining global businesses’ trust in the United States’ commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth.” And it’s the July jobs report. Payrolls increasing by nearly 1.8 million, while the unemployment rate fell to 10.2%. Both numbers topping expectations despite a resurgence of Covid-19 across the country. Plus, an exclusive interview with the CEO of Uber, after reporting a mixed quarter. The company reporting a greater than expected loss, but revenue was better than forecast. Demand for Uber’s ride-hailing service saw a halting recovery amid the COVID-19 pandemic, but the business for the company’s Uber Eats food delivery service more than doubled compared to a year earlier. The CEO joining the “Squawk on the Street” gang to discuss the results, the road ahead for the company and the tensions between the U.S. and China.

Broadcast on:

07 Aug 2020