Squawk on the Street CNBC

On the final trading day before the Juneteenth holiday, Carl Quintanilla, Sara Eisen and Michael Santoli explored market reaction to weaker-than-expected retail sales data for May: What it all means for the Fed, investors and consumers. The anchors also discussed the S&P 500 and Nasdaq entering Tuesday's trading session at record closing highs. It's the same for Apple and Microsoft as they resume their battle for the title of most valuable company. Also in focus: EV startup Fisker files for bankruptcy, Lennar falls despite a quarterly earnings beat, chips rally, what Dell CEO Michael Dell told CNBC about AI PCs, Citi CEO Jane Fraser’s message atthe company's "Services Investor Day."





Squawk on the Street Disclaimer

Carl Quintanilla, Sara Eisen and Michael Santoli kicked off the holiday-shortened trading week with a look at bullish Wall Street calls on the markets, including Evercore ISI hiking its year-end S&P 500 target to 6000. The anchors also explored how dominant tech has been this month: The overwhelming number of S&P 500 leaders coming from the information technology sector -- Apple and Nvidia among them. At Post 9, Interactive Brokers Chief Strategist Steve Sosnick explained why he believes Broadcom should replace Tesla in the "Magnificent 7." Also in focus: Minneapolis Fed President Neel Kashkari on rate cuts, Senator Chuck Grassley launches a probe into Boeing and the FAA, Tesla roundup, activism boosts shares of Autodesk.



Squawk on the Street Disclaimer

Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about what's next for Tesla after the company's shareholders ratified Elon Musk's massive 2018 pay package. The anchors reacted to what Musk said at Tesla's annual meeting about the EV maker's valuation and robotics. Also in focus: Adobe surges after AI demand fuels the company's quarterly results and guidance, broader markets coming off record closing highs, what Cleveland Fed President Loretta Mester told CNBC about rates, Apple and Microsoft ramp up their valuation battle, GameStop/Roaring Kitty update.



Squawk on the Street Disclaimer

Jim and Jeff weigh in on this semiconductor stock’s AI-fueled earnings beat. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer

Carl Quintanilla, Jim Cramer and David Faber led off the show with market reaction to an inflation surprise: The Producer Price Index showing a decline in May on a month-to-month basis. The anchors also discussed Elon Musk's claim that Tesla shareholders are backing his massive 2018 pay package "by wide margins" -- hours ahead of the company's annual meeting. Riding the AI rally: Broadcom shares soared to fresh record highs after posting a Q2 beat and setting a 10-for-1 stock split. Williams-Sonoma announced its own stock-split -- 2-for-1. Also in focus: Nasdaq hits another all-time high, Apple-Microsoft battle for market cap supremacy, Paramount deal update, former President Trump to meet with top CEOs.



Squawk on the Street Disclaimer

Cramer says this grocery stock can ‘out Walmart, Walmart’. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer