Squawk on the Street Musk's Massive Pay Package, Trump Fires BLS Head, Stocks Rebound After Friday Sell-Off 8/4/25
Aug 4, 2025
Tesla's stock soars as Elon Musk bags a multibillion-dollar pay package, stirring discussions on executive compensation. President Trump fires the head of the Bureau of Labor Statistics, raising eyebrows about labor data integrity. Meanwhile, the stock market rebounds after recent losses, with exciting earnings forecasts for companies like Palantir. Apple's potential move into AI and the impact of tariffs on consumer goods are hot topics, alongside the evolving tech landscape and how it's reshaping job markets.
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Tesla's Massive Musk Pay Move
- Tesla gave Elon Musk a massive interim pay package as a "down payment" on his 2018 compensation plan stuck in legal limbo.
- This award is roughly one-third of the $85 billion valuation of the 2018 package, showing Musk's huge influence and shareholder support.
Jobs Data Flaws Exposed
- The July jobs data was weaker than expected, sparking skepticism and the firing of the BLS commissioner by President Trump.
- Jim Cramer and David Faber agree the data is flawed and suggest outsourcing with AI could improve accuracy and market confidence.
MAG-7 Stocks Dominate Earnings
- The MAG-7 tech stocks show extraordinary earnings growth of over 27% versus 7.5% for the rest of the S&P 500.
- This dominance signals a big shift in market leadership, with companies like Meta and Microsoft driving momentum.