Squawk on the Street
Wells Fargo CEO Exclusive, Trump on Xi and Powell, Weak ADP Jobs Report 6/4/25
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Show notes
Carl Quintanilla and Jim Cramer spoke exclusively with Wells Fargo CEO Charlie Scharf after the Federal Reserve lifted its 7-year,
$2 trillion asset cap on the bank. Scharf also reacted to a statement from Senator Elizabeth Warren (D-MA) critical of the Fed's move.
The anchors also discussed trade tensions, along with a pair of President Trump's social media posts: One said China's President Xi is
"EXTERMELY HARD TO DEAL WITH!!," the other called for "too late" Fed Chair Powell to cut rates in reaction to the worst monthly ADP jobs report in two years.
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