Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to President Trump&#x27;s comments at the NATO Summit in Turkey, where he said the ceasefire with Iran is &quot;over.&quot; That news sent oil prices spiking, yields jumping and stocks falling sharply. What should you make of the volatility? Also in focus: Trillion-dollar tech&#x27;s bear club, Apple&#x27;s $30 billion chip deal with Broadcom, Amazon bond sale update, Blue Origin&#x27;s fundraising push, Cramer on Walmart as a buying opportunity, Samsung and SK Hynix drag South Korea&#x27;s KOSPI into bear territory. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

9AM Hour: Trump Declares Iran Ceasefire "Over": Stocks Fall, Oil Spikes 7/8/26

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[SPEAKER_C] Good Wednesday 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. Pre-markets trying to burn off some of this early morning selling as the president did call the ceasefire over and a waste of time following last night's retaliatory strikes. South Korea now in a bear market. Oil's up 5%. This could be Brent's biggest one-day gain since about the beginning of May. Yields are on the move too. 10-year yield about a 1-month high.

9AM Hour: Trump Declares Iran Ceasefire "Over": Stocks Fall, Oil Spikes 7/8/26

Read the full transcript

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

9AM Hour: Trump Declares Iran Ceasefire "Over": Stocks Fall, Oil Spikes 7/8/26

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.