Jim Cramer and David Faber focused on the stocks leading Wednesday's big stock market rally, sparked by cooler-than-expected
inflation data. The Consumer Price Index for July easing from a four-decade high, fueling investor hopes that
the Fed might take a 75 basis point rate hike off the table in September. The anchors reacted to Elon Musk's decision to sell
nearly $7 billion worth of Tesla shares amid his legal battle to exit his $44 billion deal to buy Twitter. Also in focus:
What to make of this year's meltdown in media stocks ahead of Disney's after-the-bell earnings, Softbank reducing its stake in Alibaba,
and Coinbase's billion-dollar loss.
Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
for information about our collection and use of personal data for
advertising.
Squawk on the Street