Global Sell-off, Buffett's Berkshire Slashes Apple Stake, Japan Markets Tumble 12% 8/5/24
David Faber and Jim Cramer discussed what investors should make of Monday's global sell-off, which saw the Dow fall more than 1,000 points on worries about an economic slowdown. With the Nasdaq moving further into correction territory, are "Magnificent 7" names now oversold? Also in focus: Warren Buffett's Berkshire Hathaway sells half of its stake in Apple, Japan's Nikkei plunges 12% for its worst day since 1987, Bitcoin tumbles, M&A talk involving Kellogg spinoff Kellanova, Elon Musk sues OpenAI, Carl Quintanilla at the Olympics in Paris. Squawk on the Street Disclaimer
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Show Notes
David Faber and Jim Cramer discussed what investors should make of Monday's global sell-off, which saw the Dow fall more than 1,000 points on worries about an economic slowdown. With the Nasdaq moving further into correction territory, are "Magnificent 7" names now oversold? Also in focus: Warren Buffett's Berkshire Hathaway sells half of its stake in Apple, Japan's Nikkei plunges 12% for its worst day since 1987, Bitcoin tumbles, M&A talk involving Kellogg spinoff Kellanova, Elon Musk sues OpenAI, Carl Quintanilla at the Olympics in Paris.
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