Apple Hits Record High Ahead of WWDC, Market Momentum vs. Bears, Saudis to Cut Oil Output Again 6/5/23
b'Carl Quintanilla, Jim Cramer and David Faber focused on a big day for Apple: The stock hit a fresh record intraday high just hours ahead of the company\'s Worldwide Developers Conference. Apple is expected to unveil its new mixed-reality headset, which would set up a battle with Meta. The anchors also explored what\'s next for the markets after Friday\'s jobs report-fueled rally. Is an increase in bearish sentiment a sign of things to come? Cramer discussed how to play the retail sector as the consumer is "decelerating." Also in focus: Saudi Arabia\'s additional crude oil output cuts, the strategist who sees a $2 trillion market cap in Nvidia\'s future, Jerome Powell goes from Fed head to "Deadhead." \\n\\n\\n\\nSquawk on the Street Disclaimer'