Squawk on the Street
Last Trading Day of August, Fed Inflation Watch, Salesforce's AI Boost 8/31/23
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Show notes
On the final trading day of August, Carl Quintanilla and Sara Eisen explored market reaction to the Fed's preferred inflation gauge -- Core PCE -- coming in as expected but a tick higher in July. This as the major indices entered Thursday's session in the midst of a four-day win streak, but on track for a negative month. Shares of Salesforce surged on quarterly results and guidance above analyst forecasts, getting a lift from AI. Also in focus: The July consumer spending jump, Dollar General tumbles on an earnings miss and lowered guidance, Shopify-Amazonpartnership, Sara's exclusive with Authentic Brands CEO Jamie Salter, why movie stocks are getting a boost from Taylor Swift.
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