Squawk on the Street

Carl Quintanilla, a seasoned financial journalist, joins investor Jim Cramer and market expert David Faber to dive into retail earnings. They celebrate Target's impressive Q2 surge and its first growth in same-store sales since last holiday season. The trio also examines broader market trends as S&P 500 and Nasdaq end their winning streaks. Expect insights on Ford's EV strategy shifts, Netflix hitting all-time highs, and implications from upcoming Fed minutes – all serving up a captivating view of today’s financial landscape.

David Ricks, the CEO of Eli Lilly, shares insights on their groundbreaking weight-loss drug, revealing it reduces diabetes risk by an impressive 94%. Edgar Bronfman discusses his ambitious bid to acquire Paramount Global, raising intriguing questions about corporate governance and competition. The conversation also touches on the ongoing market rally, with the S&P 500 and Nasdaq aiming for record gains, alongside updates on industry giants like Nvidia and Boeing. This dynamic dialogue captures the intersection of health, business, and market strategies.

The latest discussions cover a bullish outlook for stocks following a winning streak in major indices. AMD's massive $4.9 billion acquisition intensifies its rivalry with Nvidia in AI technology. Insights on the looming Jackson Hole summit and Federal Reserve policies create buzz in the financial landscape. General Motors faces job cuts, while Estee Lauder grapples with leadership changes. An intriguing victory for Fubo against the streaming giants highlights shifting media dynamics.

The discussion kicks off with a deep dive into the Nasdaq's recent 5% surge and the cautious optimism surrounding market fluctuations. Experts explore the U.S. economy's challenges, especially for retail giants like Walmart and Target. The housing market faces rising mortgage costs and potential stagnation. Google celebrates its 20th anniversary while navigating regulatory hurdles in AI. The analysis continues with insights on lesser-known stocks and a legal issue affecting new sports streaming services, linking pop culture to market trends.

Tom Lee, an expert from Fundstrat known for his insights on stock market trends, joins the discussion to assess the current rally's sustainability. The hosts dive into the latest economic agenda from Vice President Harris, contrasting it with Trump's proposals on inflation. They also examine a concerning drop in housing starts, its implications for the market, and insights on the struggles faced by premium brands like Tesla amidst shifting investment landscapes. Additionally, trends towards hybrid cars in the luxury segment are explored.

Jim and Jeff dive into the recent signs of easing inflation and its impact on consumer spending. They highlight a shift in market dynamics, showcasing positive economic trends that boost investor confidence. The discussion also reveals strong retail performance, especially in electronics and appliances, despite looming recession fears. The insights into sector-specific results offer strategic investment guidance, making this conversation a treasure trove for market enthusiasts.

Chuck Robbins, CEO of Cisco, opens up about the company's plan to cut 7% of its workforce as part of a restructuring effort aimed at capitalizing on the AI boom. He discusses Cisco's surprising Q4 results and the tech sector's shifting landscape. The conversation also highlights Walmart's strong earnings and the overall positive market sentiment spurred by robust retail sales. Additionally, the challenges faced by Alibaba amidst a cautious Chinese consumer are explored, painting a picture of today's dynamic economic environment.

Eric Schmidt, the former CEO of Google, joins to share his insights on the tech giant's controversial remote work policies, critiquing their impact on innovation. The conversation shifts to Mars' $30 billion acquisition of Kellanova, uniting iconic snack brands. Market reactions to the inflation data and the Department of Justice's potential breakup of Google also take center stage. From Nvidia's stock surge to the nuances of consumer spending trends, this discussion offers a lively look into the current financial landscape.

Jeff Marks, a key member of the CNBC Investing Club, joins Jim to analyze the recent shake-up at Starbucks. They dive into the implications of Brian Niccol’s appointment as CEO and how activist investors are reshaping corporate governance. The duo also sheds light on current market dynamics, addressing important economic indicators like the PPI and upcoming CPI figures. Their candid discussion offers valuable insights for anyone keeping an eye on the financial landscape.

Jon Gray, President of Blackstone, provides insight into the economy and the upcoming 2024 election. The conversation highlights Starbucks' significant leadership change, with Brian Niccol stepping in to revitalize the struggling coffee chain. Inflation data reveals a more stable environment than expected, prompting discussions on consumer behavior and the impacts on companies like Home Depot. Gray also shares strategic investment opportunities, especially in real estate, amidst the current economic landscape.