Huge Week Ahead, Trumps Crypto Plans, McDonalds Big Miss 7/29/24

Published: July 29, 2024, 3:17 p.m.

David Faber and Jim Cramer began the show by looking ahead to the big week for investors, which includes a flood of big tech earnings and a Fed decision on deck. The anchors also discussed former president Trump\u2019s speech at the Bitcoin 2024 Conference, where he pledged a national Bitcoin stockpile and his plans to fire SEC Chair Gary Gensler if re-elected. The desk also hit quarterly results from McDonald\u2019s, which missed analyst expectations for earnings and revenue. The fast food giant\u2019s same-store sales also fell for the first time since 2020. During the opening bells, the anchors also mentioned Morgan Stanley analyst Adam Jonas and his decision to replace Ford with Tesla as his \u2018Top Pick\u2019 for the auto sector. \n\nSquawk on the Street Disclaimer