One day after the sell-off sparked by Fed Chairman Warsh&#x27;s comments at his post-Fed rate decision news conference, Carl Quintanilla, Jim Cramer and David Faber explored mega-tech earnings and the AI trade: Microsoft shares soared and Meta shares tumbled in reaction to their respective quarterly results and AI spending guidance. Starbucks CEO Brian Niccol joined the program to discuss higher sales and upbeat guidance that lifted the stock. Arm Holdings CEO Rene Haas spoke about the company&#x27;s AI-fueled results that boosted the stock. Also in focus: Sources tell David that AI investor Leopold Aschenbrenner&#x27;s hedge fund unwound all of its public stock positions due to steep losses; Earnings winners and losers; Jersey Mike&#x27;s goes public.<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: Microsoft Soars, Meta Tumbles, Starbucks and Arm CEOs 7/30/26

Squawk on the Street

[SPEAKER_04] This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information-packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com slash market update podcast or find Schwab Market Update wherever you get your podcasts.

[SPEAKER_07] When the right person joins a team, everything changes. Deadlines tighten, momentum builds, chaos settles down. That's why hiring smart matters. Indeed Sponsored Jobs gets you quality candidates when you need them most. Spend less time searching and more time interviewing candidates who check all your boxes with Indeed Sponsored Jobs. Less stress, less time, more results. Listeners of this show will get a $75 sponsored job credit at indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed Sponsored Jobs.

[SPEAKER_02] Market moving insight and analysis. Join Jim Cramer, David Faber and me, Carl Quintanilla on the opening bell hour of CNBC's Squawk on the Street. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer, David Faber at Post 9 of the New York Stock Exchange. It is a wild mix of news this morning with the long bonds reaction to the Fed chair, Meta and Microsoft earnings, the U.S. renewing strikes on Iran.

[SPEAKER_02] And now our first look at Q2 GDP. 1.5 is a disappointment while Core PCE runs 3.3, still the second highest read in almost two years. Brent's holding 90 as we have eyes on what's now confirmed to be a drone attack on this port in Egypt. Our roadmap, though, begins with mega tech earnings.

9AM Hour: Microsoft Soars, Meta Tumbles, Starbucks and Arm CEOs 7/30/26

Read the full transcript

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

9AM Hour: Microsoft Soars, Meta Tumbles, Starbucks and Arm CEOs 7/30/26

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.