Salesforce Slumps, Macy's and the Retail Rout, House Passes Debt Ceiling Bill 6/1/23
Carl Quintanilla Jim Cramer and David Faber led off the show with big tech and Salesforce: Shares of the Dow component fell despite a quarterly beat, raised guidance and a focus on AI. Worries about consumer demand in the spotlight: Macy's slashes its full-year guidance and Dollar General posts a quarterly miss along with a lowered outlook. Also in focus: Target enters June with a nine-session losing streak, the House passes the bipartisan debt ceiling bill, two Fed officials make the case for skipping a rate hike this month, playing the cloud stocks, billionaire Bill Ackman urges Jamie Dimon to run for president. Squawk on the Street Disclaimer
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Show Notes
Carl Quintanilla Jim Cramer and David Faber led off the show with big tech and Salesforce:
Shares of the Dow component fell despite a quarterly beat, raised guidance and a focus on AI.
Worries about consumer demand in the spotlight: Macy's slashes its full-year guidance and Dollar General
posts a quarterly miss along with a lowered outlook. Also in focus: Target enters June with a nine-session losing streak,
the House passes the bipartisan debt ceiling bill, two Fed officials make the case for skipping a rate
hike this month, playing the cloud stocks, billionaire Bill Ackman urges Jamie Dimon to run for president.
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