Wrapping Up August Markets, PCE Inflation Watch, Big Spotlight on AI 8/30/24

On the final trading day of what has been a volatile August for stocks, David Faber and Wilfred Frost explored market reaction to the Fed's preferred inflation gauge: PCE held steady in July -- the data comes as investors expect a September Fed rate cut. Wharton Professor Jeremy Siegel joined the market discussion. AI also on the front burner: From Dell and Marvell shares jumping on results and guidance --to Apple and Nvidia reportedly in talks to invest in OpenAI. Also in focus: August's winners and losers, tech and retail movers dominate Friday's earnings parade. 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.