Squawk on the Street
Jobs Report Reaction, GameStop's "Roaring" Wild Ride, Street Views on Musk Pay Vote 6/7/24
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Show notes
Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to the May jobs report ahead of next week's Fed meeting. Hiring exceeded forecasts and the unemployment rate rose to 4%. Meme stock volatility rolls on: GameStop shares take a hit on the early release of its Q1 results and plans for an equity offering -- one day after soaring 47% on news that "Roaring Kitty" scheduled a YouTube livestream for Friday. Also in focus: What ARK Invest's Cathie Wood and Wedbush's Dan Ives are saying about the upcoming Tesla shareholder vote on Elon Musk's 2018 pay package, countdown to Apple's WWDC, Nvidia's 10-for-1 stock split goes into effect after Friday's close of trading.
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