Carl Quintanilla, Jim Cramer and David Faber weigh in on Microsoft, TikTok and the President. The tech giant confirming it will try to buy TikTok after CEO Satya Nadella spoke with President Trump. Microsoft said they’re committed to addressing Trump’s concerns about the social media platform. The “Squawk on the Street” team discusses the movers pushing the Nasdaq, as it hits a record high. Plus, familiar fault lines as a stimulus plan stalls. The White House and Democrats agreeing on $1,200 dollar checks, but they’re still deadlocked on unemployment assistance. Minneapolis Federal Reserve Bank President Kashkari suggests a 4-6 week shutdown. Telling CBS’ “Face the Nation,” "If we don't do that and we just have this raging virus spreading throughout the country with flare-ups and local lockdowns for the next year or two, which is entirely possible, we're going to see many, many more business bankruptcies… That's going to be a much slower recovery for all of us." Speaking of the Fed, its been 13 years since Cramer’s “They know nothing!” rant heard round the world. Plus, a massive breakdown of the companies on the move from Clorox, Marathon Petroleum, Eli Lilly, Alphabet, ADT and more.
Squawk on the Street
Microsoft, TikTok & Trump, Nasdaq Record High, Stimulus Stalls, Kashkari Suggests a 4-6 Week Shutdown, “They Know Nothing”
Carl Quintanilla, Jim Cramer and David Faber weigh in on Microsoft, TikTok and the President. The tech giant confirming it will try to buy TikTok after CEO Satya Nadella spoke with President Trump. Microsoft said they’re committed to addressing Trump’s concerns about the social media platform. The “Squawk on the Street” team discusses the movers pushing the Nasdaq, as it hits a record high. Plus, familiar fault lines as a stimulus plan stalls. The White House and Democrats agreeing on $1,200 dollar checks, but they’re still deadlocked on unemployment assistance. Minneapolis Federal Reserve Bank President Kashkari suggests a 4-6 week shutdown. Telling CBS’ “Face the Nation,” "If we don't do that and we just have this raging virus spreading throughout the country with flare-ups and local lockdowns for the next year or two, which is entirely possible, we're going to see many, many more business bankruptcies… That's going to be a much slower recovery for all of us." Speaking of the Fed, its been 13 years since Cramer’s “They know nothing!” rant heard round the world. Plus, a massive breakdown of the companies on the move from Clorox, Marathon Petroleum, Eli Lilly, Alphabet, ADT and more.
- Broadcast on:
- 03 Aug 2020