Caterpillar and Uber CEOs, the Pelosi-Taiwan Effect on Markets, and Pinterest Surges. 8/2/22
Carl Quintanilla and Jim Cramer discussed what investors should make of market jitters surrounding House Speaker Nancy Pelosi's planned visit to Taiwan and its potential impact on U.S.-China relations. The anchors spoke exclusively with Caterpillar CEO Jim Umpleby about quarterly results that weighed on the stock -- and how supply chain constraints fit into the picture. Uber CEO Dara Khosrowshahi also joined the program: The stock up double-digits as quarterly revenue doubled and cash flow turned positive for the first time. Also in focus: Pinterest shares surge on activist investor news and a beat on user numbers, and Twitter reportedly subpoenas Elon Musk's associates.
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