Squawk on the Street
Squawk on the Street
CNBC
9am Hour: Unexpected Decline in July Jobs, Trump's New Comments About Warsh, Tech Winners' Red-Hot Week 8/7/26
43 minutes Posted Aug 7, 2026 at 2:57 pm.
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Show notes
Carl Quintanilla and Scott Wapner discussed a July jobs report surprise: Non-farm payrolls fell unexpectedly by 23,000. J.P. Morgan Asset Management's David Kelly and Trivariate Research's Adam Parker offered their perspectives on the markets. Hear what President Trump told Punchbowl News about Fed Chairman Warsh and rate moves ahead of the midterm elections. Carl and Scott delved into Palantir and other tech stocks that have had a red-hot week. The anchors also explored a slew of high-flying earnings winners — including one stock soaring 60%. Also in focus: SpaceX extends its post-lock-up rebound; OpenAI set to launch a new product; What top bank executives told CNBC about the meltdown of hedge fund Situational Awareness.
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