Squawk on the Street

Carl Quintanilla and Jim Cramer wrapped up a holiday-shortened week with a look ahead for themarkets, especially in the tech sector. The Nasdaq entered Friday’s session in the midst of a four-day losing streak. The anchors reacted to Wall Street analyst notes about Apple shares falling 6% over two days -- in wake of headlines surroundingChina and the iPhone. Also in focus: David Faber's exclusive interview with Goldman Sachs CEO David Solomon, the United Auto Workers called General Motors 10% wagehike offer "insulting" ahead of next week's strike deadline, used car price inflation data, the Disney-Chartercable fee standoff, the Lions-Chiefs NFL season opener. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss the current “negative” market and the latest on Apple ahead of next week’s iPhone 15 launch. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this exclusive interview, "Squawk on the Street" co-anchor David Faber spoke with Goldman Sachs CEO David Solomon at the Goldman Sachs Communacopia & Technology Conference in San Francisco, CA. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss why they remain bullish on Apple ahead of its annual new product launch event on Tuesday and despite reports of its products being banned in China. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with Apple extending this week's losses: Shares hurt by published reports stating China plans to broaden its ban of iPhone usage by government officials. The anchors explored whether now is the time to buy mega-tech names, as the Nasdaq entered Thursday's session in the midst of a three-day losing streak. At the Goldman Sachs "Communacopia" conference in San Francisco, David highlighted comments made at the event by Warner Bros. Discovery CEODavid Zaslav. Also in focus: Crude oil's nine-session win streak, the streaming wars as the NFL season kicks off, auto industry labor strife, Boeing's 737 MAX delivery guidance, CNBC's "Fast Money" rings the Nasdaq opening bell. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss why the market hasn’t been able to keep up the momentum of August’s gains. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer began the show from the NYSE while David Faber joined the crew live from Goldman’s tech & media conference in San Francisco, California. At the conference, AMD CEO Lisa Su spoke on a panel saying the demand for AI semiconductors remained strong, adding that the market is “skyrocketing.” The anchors then turned to the broader markets with the major indices headed towards another day of losses. How should investors play this volatile market environment? Also in focus: The WSJ reported that the FTC could file an antitrust suit against Amazon at the end of the month, after Amazon officials did not offer concessions to the FTC to pursue a settlement over antitrust claims. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss why interest rates going higher is driving the market down. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer began the show by breaking down the broader markets on the shortened week of trading. The anchors also reacted to Federal Reserve Governor Christopher Waller telling CNBC that the markets are coming off “a hell of a good week of data” that will buy the central bank some time on policy decisions. Additionally, the desk hit Arm Holdings, which kicked off its IPO roadshow and submitted an updated filing for its upcoming listing, setting a price range between $47 and $51. Also in the mix: Warner Bros. Discovery warned that it is expecting to take a $300 million to $500 million profit hit from the ongoing Hollywood strike. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the first trading day of September, Carl Quintanilla, Leslie Picker and Mike Santoli led off the show with the August employment report. It showed job creation and the unemployment rate came in in higher-than expected last month, while non-farm payrolls growth was downwardly revised for June and July. National Economic Council Director and former Fed vice chair Lael Brainard joined the program with White House reaction to the numbers and her take on inflation. Veteran strategist Ed Yardeni shared his expectations for the markets this month. Also in focus: Lululemon's earnings beat, Walmart's all-time high, Dollar General's downgrade parade, the FTC/Amgen-Horizon Therapeutics settlement, Disney-Spectrum/Charter carriage dispute, Dell surges, Barry Diller slams Netflix. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the final trading day of August, Carl Quintanilla and Sara Eisen explored market reaction to the Fed's preferred inflation gauge -- Core PCE -- coming in as expected but a tick higher in July. This as the major indices entered Thursday's session in the midst of a four-day win streak, but on track for a negative month. Shares of Salesforce surged on quarterly results and guidance above analyst forecasts, getting a lift from AI. Also in focus: The July consumer spending jump, Dollar General tumbles on an earnings miss and lowered guidance, Shopify-Amazonpartnership, Sara's exclusive with Authentic Brands CEO Jamie Salter, why movie stocks are getting a boost from Taylor Swift. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

With major indices aiming for a fourth straight day of gains, Carl Quintanilla and David Faber discussed market reaction to key economic reports: ADP data show jobs growth cooled in Julywhile Q2 GDP and PCE inflation gauge were revised lower - fueling investor hopes that the Fed could stand pat on interest rates in September. Trivariate Research founder Adam Parker offered his take on the markets,including Nvidia's post-earnings stock moves and the AI trade. Also in focus: Commerce Secretary Gina Raimondo spoke exclusively to CNBC about her visit to China, Hurricane Idalia makes landfall in Florida, Apple's September 12 product event, HP Inc. and Ambarella shares tumble. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Mike Santoli discussed the markets' road ahead: The Nasdaq headed into Tuesday with gains in five of the last six session, but still on track for its worst month of the year along with the S&P 500. Commerce Secretary Gina Raimondo headed to Shanghai after meeting with China's vice premier. Eunice Yoon reported from the high-speed train in which the secretary was traveling. Also in focus: The Biden Administration unveiled its list of drugs selected for Medicare price negotiations, Best Buy's earnings beat, Verizon and AT&T upgraded, Alphabet trades near 2023 highs, Nvidia's post-earnings moves and AI, what Amazon CEO Andy Jassy reportedly told remote workers about returning to the office. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and David Faber kicked off a new market week after a Friday in which the Dow posted its best day in about three weeks and Fed Chair Powell delivered his Jackson Hole speech. What should investors make of Nvidia erasing last week's gains from its blowout quarter? Also in focus: Commerce Secretary Raimondo's visit to China and that country's moves to boost its capital markets, 3M shares up sharply on reports the company is near a $5.5 billion settlement related to its earplugs, the FTC pauses its challenge to Amgen's $27 billion deal to acquire Horizon Therapeutics. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Courtney Reagan and Mike Santoli focused on what investors could expect from the Fed Chair Jerome Powell at the Fed symposium in Jackson Hole, Wyoming. Friday's event comes one day after a Wall Street sell-off which erased gains sparked by Nvidia's blowout quarter. Retail back in the spotlight and capping a volatile week for the sector: Gap posted mixed quarterly results, while shares of Nordstrom fell despite a quarterly earnings beat. The company said losses due to theft were historic. Also in focus: Sara Eisen's rare interview with the CEOs of Simon Property Group and Authentic Brands, along with the executive chair of Sheinabout a new fast-fashion retail partnership involving the Forever 21 chain. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks break down results from Nvidia and preview the annual Federal Reserve meeting tomorrow at Jackson Hole. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about Nvidia: Shares surged to a record high on the company's blowout quarter and raised guidance due strong demand for AI chips. The future for interest rates also in the spotlight, as investors brace forFed Chair Jerome Powell's Jackson Hole speech on Friday. Also in focus: T-Mobile US plans to layoff 5,000 employees, supplier defect weighs on Boeing, Dollar Tree's turn to experience retail pain,Snowflake's earnings beat. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks share a lesson for Club members after Foot Locker plummets following their latest earnings report. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber began the show with a look at more pain for the retail sector: Foot Locker shares plunged after the company posted a revenue miss, slashed guidance and paused its dividend. That news coming one day after the worst session ever for shares of Dick's Sporting Goods -- and Nike extended its daily losing streak to nine. Also in focus: What to expect from Nvidia's after-the-bell earnings, Peloton shares plummet to record lows as results and guidance disappoint Wall Street, Abercrombie soars, Teamsters approve UPS contract, Toll Brothers lifts homebuilders. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks lay out what Club members should look for when buying stocks as the S&P Oscillator shows oversold conditions and why they are adding Danaher to the portfolio. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at retail earnings. Lowe's and Macy's beat on the bottom line, but shares of Dick's Sporting Goods tumbled after the company posted a big miss on profits and slashed guidance. The anchors explored the impact of theft and inventoryissues on the retail landscape. Also in focus: Microsoft's new Activision deal proposal to UK regulators, Softbank-owned chip designer Arm files to go public with an IPO many expect to be the biggest of 2023, Nvidia's new all-time high ahead of quarterly results due out after Wednesday's close of trading. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss what stocks are in good position to be bought with the S&P Oscillator showing oversold market conditions. Plus, Jim breaks down the latest earnings report from Palo Alto Networks and what it means for the company’s near-term outlook. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

With stocks on track for their worst month since December 2022, Carl Quintanilla, Jim Cramer and David Faber highlighted what to expect from two big events this week: Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday, plus Nvidia's after-the-bell earnings due out Wednesday. The anchors also reacted to China's central bank cutting a key interest rate, but the move was more modest than many expected. Also in focus: Palo Alto Networks surged on its earnings report released after Friday's closeof trading. UK regulators approve the Broadcom-VMWare merger deal, Tesla looks to snap a six-session losing streak. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Sara Eisen and Mike Santoli explored what to make of the August market slump: The S&P 500 and Nasdaq on track for a third consecutive weekly decline. Apple entered Friday's session down 11% percent month-to-date, leading the mega-cap correction along with Microsoft, Nvidia and Meta. On the activist front, Starboard Value confirmed it has amassed a nearly 10% stake in Outback Steakhouse parent Bloomin' Brands. Also in focus: China property woes and Evergrande's bankruptcy filing in the U.S., bitcoin's slide and the Elon Musk factor, Deere and Estee Lauder fall after reporting earnings. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Sara Eisen began the show with reaction to Walmart's better-than-expected quarterly results and raised guidance. Why was the stock volatile on that news? Cisco CEO Chuck Robbins joined Jim and Sara at Post 9 to discuss the company's earnings beat and AI outlook which helped to lift the stock. Also in focus: The ten-year note yield hits a fresh 15-year high following the release of Fed Minutes on Wednesday, Amazon and Mark Cuban's drug firm play a role in shares of CVS tumbling, an earnings miss for Coach parent Tapestry, China's challenges and what its premier said about achieving growth targets. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer led off the show with shares of Target up sharply after a quarterly earnings beat overshadowed an earnings miss and lowered guidance. TJX beat on the top and bottom lines ahead of Walmart's results due out Thursday. What's the best way to play retail? Also in focus: China stocks under pressure amid concerns about that country's economy, markets looking past a rough Tuesday and awaiting the Wednesday release of Fed minutes, what to expect from Cisco's after-the-bell results, Nvidia's rebound, Cava's first earnings report since the Mediterranean restaurant chain's June IPO. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss weakened investor sentiment after China reported disappointing economic data and its central bank made a surprise rate cut. They also discussed why they started a new position in Oracle. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Jim Cramer discussed stocks under pressure after China's central bank announced a surprise rate cut, in wake of disappointing economic data in that country. Jim explained why investors should focus on the "good ole USA" instead of China's economy. Fed rate fears also weighed on the markets after government retail sales data for July beat expectations. Home Depot's quarterly results also exceeded consensus estimates. Also in focus: Fitch told CNBC it may be forced to downgrade banks, Warren Buffett's Berkshire Hathaway bets on homebuilders, the Nvidia rally, a provocative Financial Times headline about Cramer. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss Nvidia and why you should sell some shares at these levels.Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Jim Cramer led off the show with breaking news from David: PayPal has tapped Intuit executive Alex Chriss to succeed Dan Schulman as CEO in late September 2023. The anchors also discussed the new market week which will include earnings from Walmart, Target and Home Depot. Carl, David and Jim reacted to Goldman Sachs' prediction that the Fed will begin cutting rates in Q2 2024. Shares of U.S. Steel soared after the company rejected a $7.3 billion unsolicited takeover off from rival Cleveland Cliffs. Also in focus: The negative press surrounding Goldman Sachs CEO David Solomon – fair or unfair? Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Sara Eisen and Mike Santoli led off the show with market reaction to fresh inflation data: The July Producer Price Index came in a bit hotter-than-expected, following Thursday's cooler-than-expected CPI report. The anchors explored what's at stake for the markets and the Fed. Also in focus: The tech sector's roughest stretch since December, President Biden calledChina a "ticking time bomb" due to its economic challenges, getting ahead of the curve on next week's retail earnings from Walmart, Target and Home Depot, what X Corp. CEO Linda Yaccarino told Sara about a potential Musk-Zuckerberg cage match. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss why you shouldn’t buy stocks just because you think the Fed is done hiking rates. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this exclusive interview, "Squawk on the Street" co-anchor Sara Eisen speaks with X CEO Linda Yaccarino in her first broadcast interview since stepping into the role. The two discuss everything from rebranding Twitter and advertising strategy to the future of the social media giant. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber focused on stocks rallying on new inflation data. The Consumer Price Index rose in July year-over-year for the first time in 13 months, but came in tamer than expected -- boosting bulls' hopes that the Fed will stand pat on rates in September. The anchors also engaged in a wide-ranging discussion about Disney. The stock rose after the company announced price hikes for its streaming services, overshadowing mixed quarterly results. Also in focus: Coach parent Tapestry agreed to acquire Capri Holdings -- the home of Versace and Michael Kors -- for $8.5 billion in cash, Alibaba and Wynn Resorts among the earnings winners, Novo Nordisk vs. Eli Lilly: The demand for diabetes and obesity drugs. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss the Consumer Price Index ahead of its report Thursday. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faberled off the show with all things Disney: The company'sESPN unit struck a $2 billion U.S. online sports-betting agreement with Penn Entertainment, which is selling Barstool Sports back to its founder Dave Portnoy. The anchors also explored what to expect from Disney's quarterly results due out after the close of trading on Wednesday. Also in focus:China enters deflation territory, Lilly's record run, earnings winners and losers, auto industry labor pains, the rise and steep fall of stocks such as WeWork and Wheels Up. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber began the hour by breaking down Moody’s decision to cut its ratings on 10 U.S. banks, which dragged on the broader markets and the financial sector. On the bright side, pharma names rallied after Eli Lilly reported better than expected profit and revenue. Shares of Novo Nordisk also surged after key trial data showed its drug Wegovy cuts risk of heart attack or stroke by 20%. Also in the mix: UPS cut its margin and revenue forecasts following weak e-commerce demand and the company’s new labor contract. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss Apple after its quarterly earnings showed iPhone sales fell for the third consecutive quarter. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber started the hour by breaking down the broader markets, with the S&P and Nasdaq both coming off their worst weeks since March. Investors also worked with new Fed commentary, as Governor Michelle Bowman said more rate hikes will likely be needed. The anchors also turned to Apple, coming off its worst week of 2023, with new reports saying the company is boosting its AI efforts for iPhones and iPads. Also in the mix: an update to the cage match between Mark Zuckerberg and Elon Musk, as the two CEOs traded jabs on their respective social platforms over the weekend. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Morgan Brennan and Mike Santoli began the show by breaking down today’s jobs report after nonfarm payrolls expanded by 187,000 for July, slightly below the Dow Jones estimate for 200,000. The unemployment rate was 3.5%, against a consensus estimate that the jobless level would hold steady at 3.6%. The anchors then shifted to today’s big tech earnings with Amazon and Apple moving in opposite directions; Amazon posted its biggest earnings beat since 2020 while Apple saw its third straight quarter of falling sales. Also in the mix: Booking Holdings shares surged post-results with CEO Glenn Fogel saying he’s “not seeing any signs of a slowdown” in travel. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer began the hour by breaking down the tech sector, a day after the Nasdaq suffered its worst daily performance since February. Shares of chip giant Qualcomm plunged in early trading despite beating earnings estimates, after the company’s guidance and revenue fell short of expectations. The anchors also turned to Warren Buffett shrugging off the Fitch downgrade, telling CNBC “There are some things people shouldn’t worry about… this is one.” Also in the mix: Shopify President Harley Finkelstein joined the show to break down his latest earnings beat, the company’s partnership with Roku and a lot more. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss AMD after it reported quarterly results and Fitch downgrading U.S. long-term rating to AA+ from AAA. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer led off the show with a look at markets under pressure after Fitch downgraded the U.S. government credit rating from AAA to AA+. Was the cut justified? Fed rate hike fears also weighed on investor sentiment: ADP reported a much bigger-than-expected surge in private sector job creation for July. On the earnings front, AMD CEO Lisa Su ‘joined the program to discuss the chipmaker's Q2 beat and AI strategy. The anchors reacted to quarterly results from the likes of Starbucks, DuPont and CVS Health. Also in focus: Tupperware's meme stock rally gives back some gains, Ford July U.S. auto sales, Apple ahead of Thursday's after-the-bell earnings, studios and striking Hollywood writers to restart talks. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss Caterpillar after reporting earnings and why they are looking to sell some shares of the stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the first trading day of August, Jim Cramer and David Faber explored the road ahead for stocks and what investors should make of a busy earnings Tuesday. Caterpillar CEO Jim Umpleby joined the program exclusively to discuss everything from his company's better-than-expected quarterly results – to doing business in China.The anchors also reacted to Uber posting its first-ever quarterly operating profit. Also in focus: Winners and losers from the earnings barrage, Ford restarts production of its F-150 Lightning electric truck, CVS reportedly set to cut 5,000 jobs, Tupperware as the new meme stock -- up more than 500% since the beginning of July. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks discuss the markets and Proctor & Gamble after the company reported quarterly earnings and revenue that beat analysts’ expectations. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Wrapping up the first trading month of Q3, Jim Cramer and David Faber discussed what to make of a strong July:The S&P 500 and Nasdaq each on track for a fifth consecutive monthly gain. The anchors explored what to expect from a busy earnings week, including results from "Trillion Dollar Club" members Apple and Amazon. Also in focus: Elon Musk rebrands Twitter as "X" and irks San Francisco officials with a flashing logo, China and the chips, Disney update, Sofi and Sweetgreen surge on quarterly results, The SEC's message to Coinbase. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber, Leslie Picker and Scott Wapner began the hour discussing the recent market momentum with the Dow and S&P aiming for their 3rd straight week of gains. Investors digested some key inflation data as core PCE rose 4.1% from a year ago, the lowest annual rate since September 2021. The anchors then shifted to another busy day of earnings with names like P&G, Ford and Intel all reporting results; Intel returned to profitability after two straight quarters of losses. Also in the mix: the Bank of Japan surprised the global financial markets after the central bank loosened its yield curve control. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer began the hour breaking down Meta’s monster quarter, posting double-digit revenue growth for the first time since 2021, which sent shares soaring in early trading. Two food giants also reported results, but moved in opposite directions as McDonald’s rallied but Chipotle plunged post results. The anchors also touched on the broader markets a day after the Fed raised rates by 25 basis points, touching its highest level in more than 22 years. Also in the mix: ServiceNow CEO Bill McDermott broke down his company’s latest quarter after beating on the top and bottom lines. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks break down results from Alphabet and Microsoft after reporting earnings yesterday. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.