David Faber and Jim Cramer led off the show with reaction to the latest mega-tech earnings: Amazon shares surged on quarterly results boosted by cloud growth, while Apple shares sank on guidance that disappointed investors — and overshadowed a Q3 beat in Tim Cook&#x27;s final earnings report as Apple CEO. Chevron CEO Mike Wirth joined the program to discuss oil prices and his company&#x27;s biggest quarterly profit in at least six years. Also in focus: David&#x27;s update on AI investor Leopold Aschenbrenner and the unwinding of many of his hedge fund&#x27;s trades, the high-flying stocks that took a major hit in July, Samsung and SK Hynix shares soar and propel South Korea&#x27;s Kospi to an 18% gain, Microsoft&#x27;s record-breaking one-day market cap gain.<br><br>Squawk on the Street Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

9am Hour: Amazon Surges and Apple Sinks, Chevron CEO "First on CNBC," Aschenbrenner Update 7/31/26

Squawk on the Street

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[SPEAKER_12] Good Friday morning. Welcome to Squawk on the Street. I'm David Faber. That's Jim Cramer. This is Post 9 at the New York Stock Exchange. Carl has the morning off. Let's give you a look at futures as we get ready to wrap up the trading week. We are looking for, I don't know, higher, I guess. NASDAQ higher? S&P not? You know I have a hard time with these numbers. Let's see what happens. Yeah, let's see what happens. All right. Speaking of, let's get to our roadmap. It does begin with those latest megatech earnings. Amazon shares, as you know by now, up sharply.

[SPEAKER_12] Cloud growth was very strong. Quarterly results as well. Apple, though, actually down and down fairly significantly. Guidance there, especially because of those increased costs. Memory disappointing some investors. Also ahead, we're going to have the latest on.

9am Hour: Amazon Surges and Apple Sinks, Chevron CEO "First on CNBC," Aschenbrenner Update 7/31/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

9am Hour: Amazon Surges and Apple Sinks, Chevron CEO "First on CNBC," Aschenbrenner Update 7/31/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.