Last Trading Day of August, Fed Inflation Watch, Salesforce's AI Boost 8/31/23
Squawk on the Street
English - August 31, 2023 14:09 - 43 minutes - 39.9 MB - ★★★★ - 489 ratingsBusiness News News Business Investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
On the final trading day of August, Carl Quintanilla and Sara Eisen explored market reaction to the Fed's preferred inflation gauge -- Core PCE -- coming in as expected but a tick higher in July. This as the major indices entered Thursday's session in the midst of a four-day win streak, but on track for a negative month. Shares of Salesforce surged on quarterly results and guidance above analyst forecasts, getting a lift from AI. Also in focus: The July consumer spending jump, Dollar General tumbles on an earnings miss and lowered guidance, Shopify-Amazonpartnership, Sara's exclusive with Authentic Brands CEO Jamie Salter, why movie stocks are getting a boost from Taylor Swift.