Squawk on the Street
Salesforce Plunges, Nasdaq and Blue Chip Blues, Retail Earnings Barrage 5/30/24
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Show notes
Carl Quintanilla, Jim Cramer and David Faber led off the show with Salesforce shares tumbling and dragging the Dow sharply lower. The company posted a quarterly revenue miss and issued weaker-than-expected guidance. The anchors reacted to what Salesforce CEO Marc Benioff told Jim Wednesday night on Mad Money. What's next for the stock? On the retail front: Best Buysurges, Foot Locker soars and Kohl's plummets in reaction to earnings news. Also in focus: Q1 GDP growth revised downward, Nasdaq coming off its worst day of May, CNBC reports Nelson Peltz has sold his entire stake in Disney, McDonald's defends its menu prices, Nestle CEO's message on weight-loss drugs.
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