Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber explored the broader markets looking to extend their daily win streak to four, following Wednesday's release of the Fed minutes. The chip sector among the gainers after Samsung's preliminary results showed the company’s best second-quarter profit in four years. Jim explained why his enthusiasm extends beyond semiconductor stocks. Also in focus: UK Prime Minister Boris Johnson resigns, M&A and antitrust with Merck reportedly near a $40-billion deal to buy Seagen, plus “meme stocks” rising -- GameStop declares a 4-for-1 stock split and Bed Bath & Beyond discloses insider purchases by its interim CEO and two board members. 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 Jim Cramer and David Faber focused on oil falling below $100 per barrel, the recent pullback in energy stocks and the Wall Street debate over a potential recession. Cramer explains why he is seeing "the great unwind of speculation" and what it could mean for investors. Shares of DoorDash and Uber take a hit on news of Amazon's partnership with Grubhub including free food delivery for Amazon Prime members. Also in focus: Crypto broker Voyager Digital files for Chapter 11 bankruptcy protection and Barclays cuts its price target on Netflix. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kicking off a holiday-shortened trading week, Carl Quintanilla Jim Cramer and David Faber discussed what to make of the broad sell-off, as recession worries overshadow reports that the White House is mulling the removal of China tariffs to combat inflation. The anchors also reacted to Jeff Bezos slamming President Biden for demanding companies that run gasoline stations lower prices at the pump. Micron CEO Sanjay Mehrotra joined the program exclusively to discuss supply chain issues and the chipmaker's guidance that has weighed on the stock. Also in focus: Tesla's Q2 deliveries miss Wall Street forecasts, Ford auto sales jump in June, and rough times for crypto. 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, Leslie Picker and Mike Santoli began the hour by breaking down how investors can navigate the markets for the second half of the year, after the S&P suffered its worst first half in decades. “The Big Short” investor Michael Burry, known for calling the subprime mortgage crisis, warned investors that 2022′s market turmoil is only half finished. The economic uncertainty also led to Meta Platforms joining the growing list of tech companies scaling back their hiring plans. According to a report from Reuters, in an employee Q&A session, Mark Zuckerberg warned that it might be “one of the worst downturns we’ve seen in recent history.” Also in the mix: Kohl’s shares got crushed after ending talks to be bought by Vitamin Shoppe parent Franchise Group. 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 show with a look at the market action, with the S&P on pace for its worst first half since 1970. The anchors also broke down a slew of economic data, as core personal consumption expenditures prices, excluding food and energy, rose 4.7% from a year ago, slightly less than expected. They also drilled down on RH, the latest company to issue a warning on the consumer. Shares of that stock slid after the company lowered its outlook for the year. Also in the mix: Bitcoin dipped below $19K and is headed towards its worst month on record. 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 show with a look at the market action, following another failed attempt at a bounce. Earlier today, Cleveland Fed President Loretta Mester said she would back a 75 basis point hike in July if conditions remained the same. The anchors then shifted to the C-Suite shuffles for Pinterest and Bed Bath & Beyond; both companies announced that they would be replacing their CEOs. The biggest S&P laggard in early trading was Carnival Cruise Line, as Morgan Stanley cut its price target on that stock to $7 per share, while also laying out a “bear case” scenario of $0. Also in the mix: FedEx hosted its first investor day in roughly a decade and new CEO Raj Subramaniam spoke with CNBC exclusively. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

As more objects make their way to orbit, thousands of pieces of debris are putting spacecraft and people at risk. Morgan speaks with Silicon Valley startup LeoLabs CEO Dan Ceperley to discuss the company’s efforts to track space junk as Earth’s orbit debris problem worsens. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.