Squawk on the Street
Inflation Watch, Mars-Kellanova Deal, Google from DOJ to WFH 8/14/24
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Show notes
Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to the latest batch of inflationdata: The Consumer Price Index for July matching consensus estimates.
Marsagreed to acquire Kellanova in a deal valued at nearly $30 billion, putting snack brands such as Snickers and Cheez-Itunder one roof. A double dose of Google: The Justice Department reportedly
considering a breakup of the tech giant.The anchors also reacted to comments by former Google CEO Eric Schmidt, who slammed the company's remotework policy. Also in focus: Nvidia's four-day surge,
a follow-up on Starbucks and Chipotle after the coffee chain's CEO shakeup, Southwestresponds to Elliott's push for board seats. Chili's parent Brinker tumbles on earnings, shares of DraftKings and Flutterin rally mode.
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