Huge Week Ahead, Trump’s Crypto Plans, McDonald’s Big Miss 7/29/24

David Faber and Jim Cramer began the show by looking ahead to the big week for investors, which includes a flood of big tech earnings and a Fed decision on deck. The anchors also discussed former president Trump’s speech at the Bitcoin 2024 Conference, where he pledged a national Bitcoin stockpile and his plans to fire SEC Chair Gary Gensler if re-elected. The desk also hit quarterly results from McDonald’s, which missed analyst expectations for earnings and revenue. The fast food giant’s same-store sales also fell for the first time since 2020. During the opening bells, the anchors also mentioned Morgan Stanley analyst Adam Jonas and his decision to replace Ford with Tesla as his ‘Top Pick’ for the auto sector. 

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