Squawk on the Street
Exclusive: Starbucks CEO on Quarterly Miss, Amazon and the Earnings Parade, Market Playbook for May 05/01/24
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Show notes
On the first trading day of May, Carl Quintanilla, Jim Cramer and David Faber explored what's ahead for stocksafter the markets++ ended a tough April with a sell-off.
The anchors also looked toward Wednesday's Fed decision on rates and Chair Jerome Powell's news conference. Starbucks CEO Laxman Narasimhan joined the program
exclusively to discuss his company'sweaker-than-expected quarterly results and guidance that caused its stock to plunge. Jim challenged the CEO on a number of fronts, including
why investors should own Starbucks shares.More earnings in focus: Amazon gets a lift from AI, Pfizer rises, Pinterest soars -- but a rough day for the likes of CVS, AMD and Super Micro.
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