Huge Week Ahead, Trump’s Crypto Plans, McDonald’s Big Miss 7/29/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 29 July 2024
⏱️ 42 minutes
🧾️ Download transcript
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| 0:00.0 | Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street. |
| 0:08.2 | Good morning. Good Monday morning. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. |
| 0:13.3 | We're at Postline of the New York Stock Exchange. Carl has the morning off. Let's give you a look at futures as we get ready to start another week. |
| 0:19.8 | The last week in the month of July, |
| 0:22.2 | right? We turned to August already. What's happening to the summer? Come on, don't be existential. |
| 0:28.1 | I'm sorry. I'm sorry. All right. We're upbeat here. We're upbeat. So's our roadmap because it |
| 0:32.6 | starts with the Fed and Mega Cap Tech on deck coming off a wild week of trading futures, as you saw, pointing, |
| 0:39.5 | though, to those continued gains at the open. |
| 0:41.7 | We're also going to talk McDonald's. |
| 0:43.1 | Those shares actually not moving that much. |
| 0:45.6 | Oh, it's fine. |
| 0:46.4 | Given the numbers, falling, same store sales. |
| 0:50.0 | That was the first time they've seen that since the pandemic. |
| 0:53.1 | And Trump's crypto conversion, Bitcoin climbing back near 70,000, this after the former president pledges a national Bitcoin stockpile. Yeah. Also says he's going to fire Gary Gansler. We actually just covered what we were going to say. I don't know that we need to do that anymore. Yeah, yeah, we got a lot of stuff this week. |
| 1:12.6 | We could dissect that. |
| 1:13.6 | Could we? All right. Well, let's start with the markets. We have a big week ahead. We always say that, but it actually is true. We also have a Fed meeting. There's four big weeks here. We've got the Fed meeting here. some important obviously earnings this week from the likes of Microsoft and |
| 1:28.5 | meta, and we can go on from there. |
| 1:30.1 | You can take a look at the board, what we got coming up. |
| 1:32.5 | It really gets going there. |
| 1:33.6 | You see midweek and then Amazon. |
| 1:36.9 | There's Microsoft tomorrow. |
| 1:39.2 | Yeah, Jim, you know, give me a roadmap here on the actual market, especially, of course, given the |
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