Squawk on the Street

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 advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show by discussing Elon Musk's newest filing aimed at terminating his agreement to buy Twitter -- he cites whistleblower allegations against the company. The anchors also explored the markets looking to rebound from two days of selling due to Fed Chair Jerome Powell's Jackson Hole comments. Also in focus: ExxonMobil's project dispute with Russia intensifies, Best Buy spikes on an earnings beat, energy stocks fall, meme stocks' volatility, plus shares of First Solar heat up -- how $1.2 billion fits into the picture. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

For spaceflight, propulsion engines are essential to launching a growing number of space launches and demand for hypersonic missiles. Morgan discusses rocket demand and manufacturing with Ursa Major Technologies CEO Joe Laurienti. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber focused on the markets extending losses from Friday's big sell-off, which was sparked by Fed Chair Jerome Powell's hawkish comments at the Jackson Hole summit. Where can investors hide in this environment? Also in focus: Elon Musk in Norway with a message on oil, gas and Tesla, why Chinese stocks are rallying, Senator Elizabeth Warren "very worried" that the Fed could cause a recession, and what SEC Chair Gary Gensler told Jim and David about remote work versus returning to the office. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and David Faber discussed what's at stake for the markets heading into Fed Chair Jerome Powell's much-anticipated speech at the Jackson Hole Economic Symposium. Electronic Arts shares jumped on a report that Amazon would announce a deal to acquire the videogame publisher, but sources tell David that Amazon is not expected to make such a bid. SEC Chair Gary Gensler joined the program to discuss the commission's preliminary deal with Chinese regulators, plus his take on crypto regulation. Also in focus: Reaction to earnings reports from the likes of Gap and Dell, and a judge orders Twitter to give Elon Musk more spam account data. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with reaction to big tech earnings: Shares of Salesforce and Nvidia each down sharply on guidance that overshadowed both companies' quarterly results. The Fed also in the spotlight as the Jackson Hole Economic Symposium gets underway ahead of Friday's much-anticipated speech by Fed Chair Jerome Powell. The anchors discussed what Kansas City Fed President Esther George told CNBC about the state of inflation. Also in focus: Peloton shares tumble after the company missed expectations with a $1.2 billion quarterly loss, Snowflake shares surge on the cloud data platform's revenue beat, Tesla's 3-for-1 stock split goes into effect, and Amazon shutting down its telehealth service. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed markets, the Fed and potential rate hikes ahead of the Jackson Hole Economic Symposium set to begin on Thursday. The anchors reacted to Minneapolis Fed President Neel Kashkari's biggest fear when it comes to battling inflation. Housing cooldown concerns also in the spotlight after luxury homebuilder Toll Brothers lowered full-year deliveries guidance. Carl, Jim and David covered the bases on retail, including shares of Bed Bath & Beyond surging on a report stating the company had reached a financing pact, while Nordstrom shares tumbled on the department store chain’s outlook. Also in focus: Peloton strikes a deal to sell products on Amazon, T-Mobile U.S. nearing Verizon's market cap, a preview of after-the-bell earnings from Salesforce, Nvidia and Snowflake, plus David on Elon Musk vs. Twitter and what to expect from their Wednesday afternoon hearing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Responding to the Demand for Oil...and Chemicals: CNBC Correspondent David Faber continues his analysis of energy giant ExxonMobil by examining the company’s quest for new oil sources, specifically in Guyana, a pristine South American country whose waters ExxonMobil estimates hold more than 12 billion gallons of crude oil. The potential rewards for ExxonMobil and Guyana may be enormous, but the controversies and risks involved with drilling in one of the world’s most unspoiled areas are daunting. Faber also explores another area of massive growth for ExxonMobil, even as the world slowing inches away from fossil fuels: plastics. ExxonMobil CEO Darren Woods shows Faber a massive new production facility for plastics components in Corpus Christi, Texas. Like its hunger for cheap, reliable energy, the world’s demand for plastics seems insatiable, and Faber questions ExxonMobil about whether the company is responding to demand, or driving it. For more CNBC Documentaries: cnbc.com/documentaries Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

ExxonMobil and the Energy Transition: CNBC’s David Faber begins his comprehensive look at ExxonMobil with a journey to the company’s New Mexico operations in the Permian Basin, the world’s most productive petroleum region.  He also dives into the history of ExxonMobil, explores criticism that the company fostered public uncertainty about climate change and recounts the 2021 shareholder rebellion that led to three new directors being named to Exxon’s board.  Faber interviews CEO Darren Woods on the pressures he faces to increase production, decrease carbon emissions, and keep his shareholders happy.  With an examination of Exxon’s energy transition projects in Houston and New Jersey, Faber also finds out that some experts question whether the company’s goals are adequate or feasible.  He interviews activists who fear ExxonMobil is prolonging society’s dependence on fossil fuels and delaying progress of an essential shift towards sustainable, renewable energy. For more CNBC Documentaries: cnbc.com/documentaries Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed what's ahead for stocks after the worst one-day performance for the markets since mid-June. Cramer explained how investors should navigate a "bipolar market." The anchors also reacted to an explosive whistleblower complaint by a former cybersecurity chief at Twitter -- news first reported by the Washington Post and CNN. He accuses Twitter of various egregious security flaws and oversights. Also in focus: Elon Musk subpoenas former Twitter CEO Jack Dorsey, Palo Alto and Macy's beat the street, "meme stock madness" one day after AMC's "APE" debut, Zoom tumbles on lowered guidance, and Intel teams up with Brookfield in a $30 billion chip factory investment deal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.