Squawk on the Street
Squawk on the Street
CNBC
19th Anniversary of the September 11th Terror Attacks, Tough Week For Stocks, Peloton Surges, No Extension
45 minutes Posted Sep 11, 2020 at 7:37 am.
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The “Squawk on the Street” team observes moments of silence in honor and remembrance of the 19th anniversary of the September 11th terror attacks. David Faber and Jim Cramer discuss the tough week for the market. The Nasdaq nearly in correction territory and on pace for its worst week since March, while the Dow & S&P 500 are on pace for their largest weekly losses since late June. Peloton a big mover, surging after crushing estimates as sales jumped 172%. The company also says it expects strong demand to continue into 2021 as more consumers workout at home. Plus, David & Jim discuss earnings from Kroger and Oracle along with the latest developments on the possible sale of TikTok. The President says he will not extend the deadline for its sale.