Squawk on the Street
Fed Day 1, Debt Ceiling Watch, Uber Beats, Chegg Plunges on AI Warning, J.J. Watt Visits Post 9 5/2/23
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Show notes
Carl Quintanilla, Jim Cramer and David Faber discussed two issues of importance to Washington and Wall Street: The Fed kicking off its two-day policy meeting and Treasury Secretary Yellen warning the U.S. could run out of cash by June 1 if the debt ceiling is not lifted. The earnings parade also in focus, including Uber shares jumping on a quarterly beat. A different story on the AI front: Chegg shares plunged after the education technology company warned it sees students turning to ChatGPT for study help. Five-time NFL Pro Bowler J.J. Watt visited Post 9 to discuss coming off of the retirement sidelines to invest in a different kind of football.
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