Squawk on the Street
Mixed Market, NEC Director Larry Kudlow, Cisco Slump, Thermo Fisher Terminates QIAGEN Acquisition
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Show notes
Jim Cramer and David Faber discussed the mixed market as traders digest better-than-expected unemployment data. Weekly jobless claims falling below estimates of 1.1 million. Shares of Cisco getting hammered. The company did beat the street, but revenue did decline from a year earlier and its guidance was softer than anticipated. National Economic Council Director Larry Kudlow joins Jim and David to discuss the economic outlook, jobless claims and a lot more. Plus, hear what Kudlow had to say about the administration’s tensions over TikTok. Jim and David dig through the other big movers of the day including Tesla, Micron, Tapestry and more. Plus, David details Thermo Fisher’s termination of its acquisition agreement with QIAGEN.
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