Squawk on the Street

Markets, the Consumer, the Fed Effect, Bed Bath Plunges and Snap Surges 8/31/22


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On a busy final trading day of August, Carl Quintanilla, Jim Cramer and David Faber discussed the markets in the midst of
a three-day losing streak -- as Fed officials double down on saying they'll do what it takes on the interest rate front to battle
inflation. The anchors explored the impact of slowing consumer and corporate demand on the likes of HP Inc., Chewy, PVH
and Seagate. Also in focus: Shares of Bed Bath & Beyond down double-digits after announcing a turnaround plan including
new financing commitments, store closings and job cuts, Snap's restructuring announcement gives the stock a boost,
Goldman Sachs lifting COVID-19 requirements in most of its offices, and the FDA authorizes Pfizer and Moderna's updated booster shots targeting the Omicron variant. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
for information about our collection and use of personal data for
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