Squawk on the Street
More Market Records, Tesla Aims For a "Perfect 10," How Low Can Nike Go? 7/9/24
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Show notes
Carl Quintanilla, Jim Cramer and David Faber covered all of the bases on another record-setting day for the S&P 500 and Nasdaq, along with various big tech names. Apple and Microsoft are in a race toward a $3.5 trillion valuation, while Tesla looks to extend its daily win streak to ten – which would be its longest since June 2023. Hear what Cramer had to say about Nike –now the worst performer on the Dow so far this year. Also in focus: What to expect from Fed Chair Jerome Powell's Capitol Hill testimony, Paramount-Skydance deal aftermath, Novo Nordisk falls on study pitting its Wegovy obesity drug against Eli Lilly’s Mounjaro, Jim's "Mad Dash" meets Formula 1.
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