Squawk on the Street
Stocks Surging, Juneteenth and Corporate America, States Continue Seeing Record Spikes, AMC CEO Facing Criticism Over Masks
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Show notes
David Faber & Jim Cramer discuss the surge for stocks as Wall Street heads for its fourth weekly gain in five weeks. Investors taking note of a report saying China was set to up its purchases of U.S. farm products to comply with phase one trade deal. The report easing concerns about U.S.-China trade relations as the two continue exchanges of heated rhetoric over the coronavirus. States continuing to push for reopening as California, Arizona, Florida and Texas all report record spikes in coronavirus cases. The CEO of AMC facing criticism after saying the company will not require moviegoers to wears in its theatres. Plus, it’s Juneteenth, the anniversary of the day in 1865 that Union forces announced in Texas that slaves were free, more than two years after President Lincoln signed the Emancipation Proclamation. David & Jim discuss the anniversary and how corporate America is working toward tangible change to tackle systemic racism.
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