David Faber and Jim Cramer discuss the continuing pullback for stocks. Investors grappling with signs of a second wave of coronavirus cases as the U.S. economy reopens. Record spikes spanning across the U.S. in Alabama, Alaska, Arizona, Arkansas, California, Florida, North Carolina, Oklahoma, South Carolina and Texas. Meanwhile, Governor Andrew Cuomo warning New Yorkers against triggering a second wave saying the state has received 25 thousand complaints about businesses violating rules of the phased reopening. Airline and cruise stocks tanking over fears of a second wave. Walmart announcing its partnering with e-commerce platform Shopify to expand its third-party marketplace, trying to benefit from the online shopping boom. Plus, David & Jim’s word of caution, hear what they’re saying about retail investors.
Squawk on the Street
Pullback Continues, Second Wave Fears and Record Cases, Airlines & Cruise Stocks Tank, Word of Caution
David Faber and Jim Cramer discuss the continuing pullback for stocks. Investors grappling with signs of a second wave of coronavirus cases as the U.S. economy reopens. Record spikes spanning across the U.S. in Alabama, Alaska, Arizona, Arkansas, California, Florida, North Carolina, Oklahoma, South Carolina and Texas. Meanwhile, Governor Andrew Cuomo warning New Yorkers against triggering a second wave saying the state has received 25 thousand complaints about businesses violating rules of the phased reopening. Airline and cruise stocks tanking over fears of a second wave. Walmart announcing its partnering with e-commerce platform Shopify to expand its third-party marketplace, trying to benefit from the online shopping boom. Plus, David & Jim’s word of caution, hear what they’re saying about retail investors.
- Broadcast on:
- 15 Jun 2020