Squawk on the Street
August Begins After a Bullish July, Boeing's "Dream" Come True, and Oil Prices Slump. 8/1/22
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Show notes
On the first trading day of August, Carl Quintanilla and Jim Cramer discussed the next moves for investors after July marked the best month for stocks since 2020. Boeing topped the list of Dow and S&P 500 gainers after the Federal Aviation Administration cleared the way for resumption of 787 Dreamliner deliveries. Crude oil prices dropped further on worries about weaker global demand. Hear what Jim had to say about buying oil now. Also in focus: The U.S. reportedly mulling a crackdown on memory chip makers in China, former New York Fed President Bill Dudley's op-ed on the Fed's "wishful thinking" about inflation, Google CEO Sundar Pichai's message to employees about productivity, and why Mark Zuckerberg reportedly said Meta's growth forecasts had been too rosy.
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