Markets, the Consumer, the Fed Effect, Bed Bath Plunges and Snap Surges 8/31/22

Published: Aug. 31, 2022, 2:54 p.m.

b"On a busy final trading day of August, Carl Quintanilla, Jim Cramer and David Faber discussed the markets in the midst of \\na three-day losing streak -- as Fed officials double down on saying they'll do what it takes on the interest rate front to battle \\ninflation. The anchors explored the impact of slowing consumer and corporate demand on the likes of HP Inc., Chewy, PVH \\nand Seagate. Also in focus: Shares of Bed Bath & Beyond down double-digits after announcing a turnaround plan including\\nnew financing commitments, store closings and job cuts, Snap's restructuring announcement gives the stock a boost, \\nGoldman Sachs lifting COVID-19 requirements in most of its offices, and the FDA authorizes Pfizer and Moderna's updated booster shots targeting the Omicron variant."