'Squawk on the Street’ crew react to July's CPI report

TWITTER. WE WILL SIT DOWN WITH X CORP CEO COMING UP IN THE NEXT HOUR >> THESE ARE NUMBERS THAT YOU WANT TO SEE IF YOU’RE BULL >> EARLIER THIS WEEK THERE WERE A NUMBER OF ARTICLES ABOUT HOW WE OVERBUILT APARTMENTS AND THEY’RE ABOUT TO COME ON IF THAT’S THE LAST SICKING POINT, THE FED CAN’T DOUGH CLAIRE VICTORY I THINK THEY SHOULD DO ONE MORE JUST BECAUSE YOU WANT TO BE SURE THAT THE VAMPIRE DOESN’T RISE UP BUT THIS IS GOING JAY’S WAY. IT’S NOT A SOFT LANDING OR HARD LANDING, IT’S A GLIDE. AND THE DICHOTOMY,

I THINK THAT THEY’RE FANCIFUL AND SPEAKING MORE FICTION THAN FACT >> IT WILL BE WELCOME NEWS TO THOSE WHO ARE LONG, FOR EXAMPLE, FANG OR WHAT WE LIKE TO CALL THE MAGNIFICENT SEVEN. WE’RE DOWN, WHAT, 4% >> AND THERE’S NEGATIVE NEWS OUT THERE FOR NVIDIA SOMEONE SAYING THEY CAN’T DELIVER ALL THE CHIPS. YOU’RE NOT ALLOWED TO SAY TRUE OR FALSE IT IS NOT A GREAT MOVE FOR FANG. I DO THINK THE TRADE DESK MADE ME FEEL MUCH BETTER LAST NIGHT FOR ALPHABET. >> YOU LIKE TRADE DES SNK. >> — TRADE DESK >> NO, I DON’T

LIKE TRADE DESK THE FANG STOCKS ARE IMPLODING. NVIDIA, IF THAT DOESN’T GO RIGHT — >> NVIDIA IS GOING LOWER >> WHEN THEY COME OUT OF THE QUIET PERIOD

AND TELL US — EVERYBODY’S STILL IN THESE THINGS >> WELL, IF THEY WANT TO TRADE OUT OF THEM AND THEN COME BACK, GOOD LUCK. IT’S LIKE APPLE. BUT WE HAVE PEOPLE AT THE PRICE CALL OF 18 SAID APPLE’S BEST DAYS ARE FAR BEHIND THEM I DON’T LIKE TO MENTION NAME BECAUSE THAT PUTS ME IN THE CATEGORY THAT MY WIFE SAYS WHY DO YOU HAVE TO BE SO MEAN?

SHE THINKS YOU SHOULD HAVE ONE SHOW WHERE YOU’RE A STRAIGHT GUY AND ONE SHOW WHERE YOU DO “MAD” AND WHY DON’T YOU SOMETIME ASK MANAGEMENT >> AIRFARE DOWN 8.1, PRETTY HEALTHY. USED CARS DOWN 1.3 A BIGGER DROP THAN THE PRIOR MONTH. >> AND NOW THE BIG ISSUE AND I THIS DANA ON, LOOK, THE STRIKE IS GOING TO BE A VERY INTERESTING THING. I THINK A UAW STRIKE WHERE THAT YOUR ASKING FOR $80 BILLION MORE, THAT IS GOING TO BE THE NEXT THING WE HEAR ABOUT WHEN IT COMES TO INFLATION WOW. THAT IS WORSE THAN THE

TEAMSTER UPS. >> WHICH IS WHY MY QUESTION TO YOU YESTERDAY IS DO YOU REALLY BELIEVE THE ADMINISTRATION WILL CUT THIS AND WOULD FRN I DON’T KNOW WHAT THEY DO BECAUSE THE FELLOW WHO IS RUNNING THIS, I MEAN, HE’S USING RHETORIC THAT I HADN’T HEARD FROM ANYONE SINCE THE 60s. THE 60s. DAVID, HE’S USING THINGS FROM THE OLD DAYS WHEN LET’S GO SHUT MAJOR TEXTILE COMPANIES. J.P. STEVENS WHEN I WAS PART OF THE BOYCOTT, FANTASTIC WE PUT THEM OUT OF BUSINESS. >> NEGOTIATING POSITION, ISN’T THAT WHAT YOU SHOULD BE DOING? >> IT’S REALLY UGLY. WE’RE GOING

TO SAY LET’S GO, LET’S DEFINE OUR CONTRIBUTIONS. >> BUT THE TENOR IS UNITED, THE PEOPLE >> SO THEN YOU KNOW. THE PEOPLE WILL NEFF BE DEFEATED THAT WAS THE CALIFORNIA FOR A MAJOR CHANGE IN THE WAY THAT EVERYTHING’S RUN >> I DID, YES. >> I’M JUST SAYING, YOU CAN HAVE CONSUMER PRICE INDEX AND THEN YOU CAN HAVE THE UAW IF YOU HAVE TEAMSTERS AND YOUR WRITERS AND EVERYONE GETS A BIG RAISE, WELL, I DON’T CARE ABOUT THE CONSUMER PRICE INDEX I DON’T CARE ABOUT THE PRICE OF EGG. GETTING THEM HAS BEEN ONE OF THEIR MAIN

FOCUSSES. WHEN PEOPLE ARE TALKING ABOUT UPS DRIVERS, WHY SHOULDN’T THEY MAKE THAT MONEY IN. >> I’M NOT AGAINST THAT. I’M SAYING IF YOU’RE JAY POWELL YOU SHOULD BE BALANCING ALL OF THIS >> DO YOU THINK THE AUTO COMPANIES CAN AFFORD ASTOP J – I’M NOT SAYING CATASTROPHIC BUT IT WOULD BE REALLY BAD FOR THE STOCK MARKET IF THE AUTO COMPANIES HAVE A LONG STRIKE >> AT THE OUTSET OF A STRIKE IF THAT HAPPENS, IT NOT NECESSARILY — >> YOU KNOW, THERE’S A LOT OF STOCKS YOU HAVE TO CUT NUMBERS IF IT’S A LONG STRIKE. I

DON’T WANT TO BE JIM FARLEY RIGHT NOW. I KIND OF DO WANT TO BE UPBUT I DON’T WANT TO BE — THIS GUY PLANTED HIMS