Squawk on the Street
Musk Terminates His Twitter Deal and the Company Fires Back. Plus: A Rare and Exclusive Interview With Costco's CEO. 7/11/22
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Show notes
Carl Quintanilla, Jim Cramer and David led off the show Elon Musk's decision to terminate his $44 billion takeover deal with
Twitter, which is threatening legal action to enforce the merger. The anchors explored what's at stake for Musk, Twitter and
the company's shareholders. Costco CEO Craig Jelinek joined the program in a rare and exclusive interview, including his take on inflation, recession fears and the company's 20% sales jump in June. Also in focus: Market winners and losers, what to expect from big banks later this week as earnings season kicks off, and casino stocks tumble on Macau's COVID-related shutdown.
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