Squawk on the Street
July Jobs Surprise, Musk Takes the Stage, AMC CEO Adam Aron 8/5/22
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Show notes
Carl Quintanilla and Jim Cramer began the hour by breaking down the July jobs report with nonfarm payrolls rising 528,000 topping the 258,000 estimate. They then turned to another batch of earnings with names like Expedia, Warner Brothers Discovery and AMC Entertainment all reporting results. AMC CEO Adam Aron joined the show later that hour after the company announced it is planning to issue 517 million shares of preferred stock, under the ticker symbol ‘APE.’ Also in focus: Tesla held its annual shareholders meeting where Elon Musk took the stage. He predicted a mild 18-month recession and teased some possible share buybacks. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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