Squawk on the Street

David Faber and Jim Cramer discuss the drop in stocks, airlines and retailers sliding. Investors are weighing the rising number of coronavirus cases in the U.S. and around the world, as states continue pushing for reopening. Shares of Carnival getting crushed after reporting a miss on the top & bottom line. The cruise line saying it expects a net loss for the 2nd half of this year, but is seeing growing demand for new 2021 bookings. Hertz abandoning its plan to sell $500 million of stock after an SEC review. David Faber asking Chairman Clayton yesterday on “Squawk on the Street” if the SEC is in a position to stop a potential sale of stock by the company if he takes issue with it. Clayton responding, “there are a number of powers that we have, but we do have to follow due process here. And in a new issue situation like we have where there is new stock, one of the processes is to review the disclosure for the issuance, and we’ve let the company know we have comments on the disclosure” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to CNBC's special report about the Coronavirus outbreak, the treatment and diagnosis of Covid-19 and the impact it’s having on the economy, business and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber & Jim Cramer discuss the state of stocks, jumping as Wall Street tries for a 4-day win streak. Dr. Fauci warning of the risk that the virus will spread. In an interview with the Wall Street Journal he said, "When I look at the TV and I see pictures of people congregating at bars when the location they are indicates they shouldn't be doing that, that's very risky. People keep talking about a second wave… We're still in a first wave." Covid-19 infections hitting record highs in six U.S. states on Tuesday as states move forward with reopening their economies. Cruise stocks taking a hit as Norwegian extends the suspension of its voyages through the end of September. Facebook’s CEO Zuckerberg unveiling his company’s campaign to boost voter registration, turnout and voices. He also announced users will be able to turn off political ads writing, “And for those of you who've already made up your minds and just want the election to be over, we hear you — so we're also introducing the ability to turn off seeing political ads.” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to CNBC's special report about the Coronavirus outbreak, the treatment and diagnosis of Covid-19 and the impact it’s having on the economy, business and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer discuss the massive surge for stocks. Multiple reports emerging saying dexamethasone, a widely available drug, can help critically ill coronavirus patients. The treatment reportedly reduced Covid-19 deaths in hospitalized patients by up to one third. Another piece of the market puzzle, the government reporting a record 17.7% increase in retail sales for May. An IPO over at the Nasdaq, Royalty Pharma, the CEO joining the “Squawk on the Street” gang ahead of its opening trade. Plus, David’s reporting on SoftBank. Sources telling him the company plans to sell up to two-thirds of its stake in T-Mobile early next week valuing the transaction at about $20 billion. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to CNBC's special report about the Coronavirus outbreak, the treatment and diagnosis of Covid-19 and the impact it’s having on the economy, business and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer discuss the continuing pullback for stocks. Investors grappling with signs of a second wave of coronavirus cases as the U.S. economy reopens. Record spikes spanning across the U.S. in Alabama, Alaska, Arizona, Arkansas, California, Florida, North Carolina, Oklahoma, South Carolina and Texas. Meanwhile, Governor Andrew Cuomo warning New Yorkers against triggering a second wave saying the state has received 25 thousand complaints about businesses violating rules of the phased reopening. Airline and cruise stocks tanking over fears of a second wave. Walmart announcing its partnering with e-commerce platform Shopify to expand its third-party marketplace, trying to benefit from the online shopping boom. Plus, David & Jim’s word of caution, hear what they’re saying about retail investors.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to CNBC's special report about the Coronavirus outbreak, the treatment and diagnosis of Covid-19 and the impact it’s having on the economy, business and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer discuss the market volatility. Stocks swinging as they try and recover from the worst day since March. Investors going straight back to reopening plays, Carnival and United Airlines among the big winners along with brick-and-mortar retailers Kohl’s & Gap. Thursday’s big sell-off was sparked by fears over reopening of the economy and thinking it could be delayed by a second wave of cases. Houston-area officials warning they’re getting close to re-imposing its stay-at-home order. And Florida breaks its record for new coronavirus cases recorded in a single day. Shares of Boeing pushing the DOW higher. The Wall Street Journal reporting it’s pulling back on its restart of production for the 737 MAX jet. Starbucks announcing it’s going to allow baristas to wear Black Lives Matter attire and accessories after backlash. The company announcing it will make 250 thousand shirts with a design that includes “Black Lives Matter” and “No Justice, No Peace” available to workers. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to CNBC's special report about the Coronavirus outbreak, the treatment and diagnosis of Covid-19 and the impact it’s having on the economy, business and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.