Squawk on the Street
Jobs Chill, Apple Guidance, Amazon Rally 8/4/23
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Show notes
Carl Quintanilla, Morgan Brennan and Mike Santoli began the show by breaking down today’s jobs report after nonfarm payrolls expanded by 187,000 for July, slightly below the Dow Jones estimate for 200,000. The unemployment rate was 3.5%, against a consensus estimate that the jobless level would hold steady at 3.6%. The anchors then shifted to today’s big tech earnings with Amazon and Apple moving in opposite directions; Amazon posted its biggest earnings beat since 2020 while Apple saw its third straight quarter of falling sales. Also in the mix: Booking Holdings shares surged post-results with CEO Glenn Fogel saying he’s “not seeing any signs of a slowdown” in travel.
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