Squawk on the Street

After the Sell-off: NEC Director Brainard on Jobs Report, Sec. Yellen in China, J&J's $12.5B Deal 4/5/24

04.05.2024 - By CNBCPlay

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On the heels of Thursday's Fedspeak-fueled stock sell-off, Carl Quintanilla and Jim Cramer explored what investors should make of the better-than-expected March employment data -- and what it could mean for Fed interest rate policy. National Economic Council Director Lael Brainard joined the program with White House reaction to the jobs report. The anchors also reacted to what Treasury Secretary Janet Yellen said in China about that country's treatment of U.S. businesses. Also in focus: Johnson & Johnson to buy medical device maker Shockwave Medical for $12.5 billion in cash, "Mag 7" musings, the oil rally, Bob Iger and Nelson Peltz in their own words -- where did ego fit into the Disney proxy battle?

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