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Stocks Slump on Fitch U.S. Downgrade and ADP Jobs Report, AMD CEO on Earnings and AI 8/2/23
Stocks Slump on Fitch U.S. Downgrade and ADP Jobs Report, AMD CEO on Earnings and AI 8/2/23
ratings:
Length:
43 minutes
Released:
Aug 2, 2023
Format:
Podcast episode
Description
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
Released:
Aug 2, 2023
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 09/20/2019: Carl Quintanilla, Jim Cramer and David Faber discuss the slow stock market march to new records. Plus, as new Apple iPhones hit stores globally, will it move the needle for investors? And Washington’s War on Tech - Facebook CEO Mark Zuckerberg meets face-to-face with some of his harshest critics in DC. by Squawk on the Street