Squawk on the Street

Jim Cramer and Sara Eisen delved into big retail earnings: Walmart shares jumped after quarterly results surpassed analyst expectations that were lowered due to a profit warning in July, while Home Depot posted record profits and revenue. Jim and Sara assessed the impact of changing consumer habits and which retail names can best navigate inflation. Cramer also explained why he's "rooting for the China slowdown." Also in focus: Warren Buffett's Berkshire Hathaway and David Tepper's Appaloosa Management disclose what they're buying and selling in 13F regulatory filings, Apple reportedly ramping up its back to the office push, and the anchors assessed Bob Chapek's leadership as CEO of Disney after activist investor Dan Loeb disclosed a stake in the company. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and David Faber led off the show with market concerns surrounding slowing growth in China. The country's central bank unexpectedly cut two key interest rates in wake of weaker-than-expected economic data. Crude prices and energy stocks were hit hardest by the news. The anchors explored how investors should play the energy sector. Also in focus: Unity Software reaffirms its merger deal with ironSource and rejects AppLovin's unsolicited takeover bid, Peloton and Best Buy announce planned job cuts amid lower consumer demand, Tesla's stock rebound accelerates, and record profits for oil giant Saudi Aramco. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber, Leslie Picker and Mike Santoli discussed the stocks driving this month's market gains -- and weighed in on the skeptics who believe that the August rally doesn't have legs. The anchors also reacted to a report stating Apple expects to sustain iPhone sales this year despite the global electronic slowdown. Also in focus: Rivian's wider quarterly loss and what the Inflation Reduction Act means for the electric vehicle maker, activist investor ValueAct discloses a stake in the New York Times, five Chinese state-owned companies plan to delist from the NYSE, and Amazon shares up 30% in the last three months but still down for the year: Is now the time to buy? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and David Faber led off the show with another inflation report extending the market rally: The Producer Price Index for July fell unexpectedly month-on-month for the first time in more than two years, though still up 9.8% from a year ago. The anchors also reacted to Disney shares surging on quarterly results, driven by record theme park revenue, bigger-than-expected Disney+ subscriber growth and plans for a new pricing structure -- including a hike in streaming subscription fees. Devon Energy CEO Rick Muncrief joined the program. Heading into Thursday’s trading session, Devon shares were up more than 280% since the beginning of 2021. Also in focus: Drugmakers GSK and Sanofi take a hit on litigation concerns surrounding heartburn drug Zantac. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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.

Jim Cramer and David Faber took an in-depth look at weakness in the chip sector after a revenue warning from Micron due to slumping demand. Micron CEO Sanjay Mehrotra joined the program from the White House ahead of President Biden's signing of the CHIPS and Science Act into law. The anchors also explored the massive rebound in "meme stocks" such as AMC, GameStop and Bed Bath and Beyond -- with BBBY doubling month-to-date. Also in focus: AppLovin's unsolicited takeover bid for Unity Software, Novavax plunges after slashing its sales forecast, and more pain for gaming as Take-Two Interactive issues weaker-than-expected revenue guidance. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

3D printing technology is gaining traction as supply chain crunches adds pressure to industrial manufacturing. Morgan discusses the advantages of additive manufacturing for the aerospace sector with founder & CEO Benny Buller. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and David Faber covered all of the bases surrounding Nvidia's revenue warning on gaming weakness. What's at stake for the semiconductor industry and videogame publishers? The anchors also explored market reaction to the "Inflation Reduction Act" passed by the U.S. Senate: Clean energy funding and incentives in the bill giving a boost to shares of electric vehicle makers and solar companies. DoorDash Co-Founder & CEO Tony Xu joined the program exclusively -- on the heels of the company's record food-delivery orders. Also in focus: The tech rout hits Softbank's quarterly results, Elon Musk tweets a debate challenge to Twitter's CEO, and Carlyle's CEO steps down. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer began the hour by breaking down the July jobs report with nonfarm payrolls rising 528,000 topping the 258,000 estimate. They then turned to another batch of earnings with names like Expedia, Warner Brothers Discovery and AMC Entertainment all reporting results. AMC CEO Adam Aron joined the show later that hour after the company announced it is planning to issue 517 million shares of preferred stock, under the ticker symbol ‘APE.’ Also in focus: Tesla held its annual shareholders meeting where Elon Musk took the stage. He predicted a mild 18-month recession and teased some possible share buybacks. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer started the show discussing the markets as Goldman Sachs published a new note warning investors of a potential move lower. They then shifted to the country’s largest employer, Walmart, announcing some job cuts after slashing its profit outlook just about a week ago. It was also another busy day for earnings, with names like Alibaba, Clorox and Paramount all on the move. The anchors also hit Coinbase, which announced a new partnership with Blackrock that will allow its institutional clients to buy bitcoin. Also in the mix: EV maker Lucid Motors dropped double digits at the open after cutting its production targets again amid logistic challenges. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.