Salesforce Slumps, Macy's and the Retail Rout, House Passes Debt Ceiling Bill 6/1/23

Published: June 1, 2023, 2:45 p.m.

b"Carl Quintanilla Jim Cramer and David Faber led off the show with big tech and Salesforce: \\nShares of the Dow component fell despite a quarterly beat, raised guidance and a focus on AI.\\nWorries about consumer demand in the spotlight: Macy's slashes its full-year guidance and Dollar General\\nposts a quarterly miss along with a lowered outlook. Also in focus: Target enters June with a nine-session losing streak, \\nthe House passes the bipartisan debt ceiling bill, two Fed officials make the case for skipping a rate \\nhike this month, playing the cloud stocks, billionaire Bill Ackman urges Jamie Dimon to run for president.\\n\\nSquawk on the Street Disclaimer"