Squawk on the Street

Exclusive: Starbucks CEO on Quarterly Miss, Amazon and the Earnings Parade, Market Playbook for May 05/01/24

05.01.2024 - By CNBCPlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

On the first trading day of May, Carl Quintanilla, Jim Cramer and David Faber explored what's ahead for stocks after 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's weaker-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.

Squawk on the Street Disclaimer

More episodes from Squawk on the Street