Nike Jumps on CEO Change, FedEx Tumbles, Tim Cook Talks to CNBC As Apple iPhone16 Hits Stores 9/20/24

Squawk on the Street

One day after a Fed rate cut-fueled rally that sent the Dow and S&P 500 to record highs, Carl Quintanilla, Jim Cramer and David Faber discussed a number of corporate stories in the spotlight: Nike shares up sharply on news its CEO John Donahoe will retire in October. FedEx shares get hammered on a Q1 miss and disappointing guidance. Apple's iPhone 16 hits store shelves: Hear what CEO Tim Cook told CNBC at his company's 5th Avenue flagship store in New York City. Constellation Energy and Microsoft strike a deal to reopen Pennsylvania's Three Mile Island nuclear plant – as Microsoft looks to power its AI data centers. Also in focus: Lennar falls despite an earnings beat, a look back at Alibaba's IPO ten years ago.

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