Squawk on the Street

Former NEC Director Gary Cohn joins with his reaction to Fed Chairman Warsh's testimony and shares his outlook for the economy at large. Then, we break down why Apple shares are jumping today. Plus, we bring you the details of Morgan Stanley's latest earnings report.

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A potential takeover of PayPal sparks fresh debate about consolidation in fintech and what a deal could mean for the payments landscape. On today’s Squawk on the Street, we break down the latest reports and the market reaction. Plus, Fed Chair Kevin Warsh testifies on Capitol Hill, offering investors fresh clues on inflation, interest rates, and the path forward for monetary policy.

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Cramer says he likes this tech giant’s stock over Nvidia. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here:  cnbc.com/morningtake

 

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Carl Quintanilla, Jim Cramer and David Faber led off the show with a "Faber Report": Sources tell David that Stripe and Advent International have jointly offered $60.50 per share to acquire PayPal, whose shares surged on that news. The anchors reacted to what Berkshire Hathaway Chairman Warren Buffett told CNBC's Becky Quick exclusively about investing in Alphabet. Speaking of exclusives, BlackRock CEO Larry Fink joined the program for a wide-ranging interview -- discussing earnings, the investment climate and the AI boom. Also in focus:

An unexpected decline in June producer prices, Morgan Stanley and Johnson & Johnson earnings, IBM shares coming off their worst day ever, SpaceX shares trading near their IPO price.

 

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This stock is on pace for its worst day going back to 1987.Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here:  cnbc.com/morningtake

 

CNBC Investing Club Disclaimer

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.