Wild Week for Stocks, Trump Calls for a “Say” In Fed Policy, Paramount Cuts 15% of Workforce 8/9/24

David Faber and Mike Santoli started the hour by discussing the wild week for stocks heading into Friday. The S&P was coming off its best performance since November of 2022, but all 3 major indices were headed lower on the week. The desk also brought in Steve Liesman to discuss Republican presidential nominee Donald Trump saying that he should have a voice when the Federal Reserve makes its decisions on interest rates. After the opening bells, Faber also broke down results from Paramount, with the company announcing it will cut 15% of its U.S. workforce. Squawk on the Street Disclaimer

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The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.