The “Squawk on the Street” team digests the market moves, little changed as the S&P 500 struggles to hit its record high. Plus, no stimulus deal, as the Senate departs Washington for its summer recess. And battle between apps and the app stores. Apple & Alphabet’s Google are being sued by Epic games, the developer of Fornite, after both removed it from their app store. The tech giants are claiming that Epic violated guidelines regarding in-app purchases to avoid fees. Speaking of Apple, the “Squawk on the Street” team is keeping a close eye on the stock price as it continues its march to a $2 trillion dollar market cap. Shares of Tesla continuing to charge higher after getting two upgrades, one from Bank of America and the other from Morgan Stanley’s Adam Jonas.
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Squawk on the Street