The morning after fresh record closing highs for stocks, Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at a pair of tech earnings movers: Shares of Salesforce and Snowflake each getting a lift from their respective quarterly results. The anchors reacted to what the CEOs of both companies told CNBC about their numbers, and explored what's next for stay-at-home players such as Zoom in wake of companies pushing back their return to office plans due to the Delta variant outbreak. Retail earnings also on the front burner: Williams-Sonoma shares surge on upbeat quarterly results and guidance -- plus a 20-percent dividend hike, while Dollar General and Dollar Tree saw their shares slump as both retailers issued guidance below street estimates -- this in wake of supply chain issues. Ahead of Fed Chair Powell's Friday speech to the Jackson Hole virtual Fed summit, the anchors reacted to comments St. Louis Fed President James Bullard made to CNBC about how soon policymakers should taper to combat inflation. Also in focus: Banks in the green including JPMorgan Chase trading at a two-month high, The debate over whether government benefits are a major disincentive for people to return to work - and where "gig stocks" fit into the picture, and "SPAC on the Street" including Forbes’ plans to go public, plus another day in which a SPAC is doubling after the opening bell. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street