Countdown to David Faber's "Jeopardy!" Guest Hosting Debut, First Trading Day of August -- The S&P 500 Aims for a 7th Straight Month of Gains, The Reopening Trade vs. the Delta Variant, and Square Strikes a $29 Billion All-Stock Deal

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 2 August 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber highlighted the kickoff of David's week as guest host of the iconic game show "Jeopardy!" -- including a special Jeopardy!-inspired version of “The Mad Dash." The anchors took an in-depth look at what to expect from the markets in August as Wall Street enters the first trading day of the month, with the S&P 500 in the midst of a six-month win streak. The reopening trade a major part of the discussion as more companies require their employees to get vaccinated. The anchors also reacted to Dr. Anthony Fauci's comments about the spread of the COVID Delta variant and whether we could see further lockdowns in the future. On the M&A front: Square announcing its largest-ever acquisition -- the digital payments company agreeing to acquire Australia’s Afterpay for about $29-billion in stock. The CFO of Square and Co-CEO of Afterpay appeared on the program to talk about the deal and how it will help Square capitalize on the growing "buy now, pay later" trend. Also in focus: The debut of Disney's motion picture "Jungle Cruise" tops the weekend box office and gets a boost from streaming, plus stock winners and losers -- including Estee Lauder falling and Levi Strauss rising sharply in reaction to Wall Street analyst calls. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla,
0:04.8	on the opening bell hour of CNBC Squawk on the Street.
0:12.0	Good Monday morning, welcome to Squawk on the Street. I'm Carl Kintanio with Jim Kramer, David Faber,
0:20.0	the New York Stock Exchange, starting the month of August on the right foot. Future is solid on plenty of news. Shanghai closes up 2%. Best day since May. We've got an infrastructure bill, big MNA day and another crowded week of earnings. Our roadmap begins with a new month, but stocks are going to look to pick up where they left off. S&P's coming off six straight winning months.
0:39.0	Plus, it is Square's biggest ever acquisition.
0:41.9	The company's buying Australia's after pay.
0:43.9	It's a $29 billion all-stock transaction as the buy-now pay later trend takes off.
0:50.1	And he's an award-winning journalist, our co-host, and not only a past champion, but this week's host of Jeopardy.
0:57.7	Yes.
0:59.2	Who is David Faber?
1:00.6	Oh, my God.
1:01.6	Yes, it's finally here.
1:02.7	We taped it some time ago, but very excited for my five episodes.
1:07.3	I hope everybody out there will watch.
1:09.9	Big deal.
1:10.7	Such an exciting moment. It's a very big deal. And, you know, hopefully the, hopefully the contestants thought I did okay, because that's the most important thing. It's actually making the game work for them. Yes. Now, have you been able to see any of your completed? It'll be new to you too. Not a thing. No. Yeah. They are, as you might imagine, they are very close. This is all.
1:27.5	They just released this one picture of me with Mike Richards,
1:29.8	the great EP there,
1:30.9	you know,
1:31.3	and I had the clues and he kept giving me pep talks. Well, can you tell us who won, please? No, I can't. Yeah. I can't do that. It's an interesting week.
1:40.2	I think that's a, but I guess that's a good clue.
1:43.8	But it's an interesting week?
	...

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