Squawk on the Street
Rebound Rally, Disney Falls Despite Beat, Shopify Soars: Its President Talks Earnings and AI 8/7/24
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Show notes
David Faber and Jim Cramer discussed the stock markets surging for a second straight day after Monday's big sell-off. Wednesday's main catalyst: A Bank of Japan official said the BOJ would not hike rates when markets are unstable. Disney shares under pressure despite better-than-expected Q3 results. Cramer explains why investors should buy it on the dip. Shopify President Harley Finkelstein joined the program to discuss his company's AI-fueled results that sent its stock soaring. Also in focus: Airbnb and Super Micro tumble by double-digits and Novo Nordisk misses on Wegovy sales as part of an earnings barrage, Carl Quintanilla at the Olympics in Paris.
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