Stocks Falling, Morgan Stanley CEO, Twitter Hack, Lysol Parent Company CEO

Published: July 16, 2020, 2:19 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber discuss the slump for stocks.\\xa0Investors assessing earnings results and the latest economic data.\\xa0Weekly jobless claims came in slightly worse than expected, while retail sales jumped 7.5% in June.\\xa0Shares of Morgan Stanley higher after earnings and revenue beat the street.\\xa0The bank also saw net revenue and net income rise to record levels, getting a boost by strong trading results.\\xa0The CEO of Morgan Stanley, James Gorman, joining the \\u201cSquawk on the Street\\u201d team to discuss its latest results, the road ahead for the bank and how they\\u2019re planning to return to work in the age of Covid-19.\\xa0Plus, the CEO of Lysol parent company, Reckitt Benckiser, on his EPA product approval and how they\\u2019re upping production.\\xa0Shares of Twitter taking a hit after a massive, high-profile, hack.'