Squawk on the Street Pres. Trump to Host Tech CEOs, Salesforce Slumps Despite Beat, American Eagle Soars 9/4/25
Sep 4, 2025
The podcast dives into President Trump’s upcoming meeting with tech giants like Zuckerberg and Cook, but missing Musk. A sharp drop in Salesforce stock despite a solid earnings report steals the spotlight, while American Eagle's sales soar thanks to a new ad campaign. The discussion includes Figma’s rocky public debut and Gap's intriguing expansion into beauty. The hosts also touch on NFL team valuations, spotlighting the Cowboys' economic power, and the evolving landscape of retail. It's a lively mix of politics, tech insights, and retail trends!
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Big Tech Summit In The Rose Garden
- The White House will host top tech CEOs including Tim Cook, Mark Zuckerberg, Sundar Pichai, Sam Altman, and Sergey Brin tonight.
- Elon Musk is notably absent, suggesting political or strategic divides between the administration and some tech leaders.
Expect Demand For Onshore Commitments
- Jim Cramer expects the president to press CEOs for concrete commitments like factories and domestic supply chains.
- The administration may use public meetings to push companies to show tangible onshore investment.
Cook's Commitments Become Political Benchmark
- Tim Cook committed large domestic investments, which the administration highlights as a benchmark for other CEOs.
- Public commitments become a political metric for measuring corporate patriotism.