Stocks Stumble, Carnival Crushed, Hertz Abandons $500 million Stock Sale
b'David Faber and Jim Cramer discuss the drop in stocks, airlines and retailers sliding.\\xa0Investors are weighing the rising number of coronavirus cases in the U.S. and around the world, as states continue pushing for reopening.\\xa0Shares of Carnival getting crushed after reporting a miss on the top & bottom line.\\xa0The cruise line saying it expects a net loss for the 2nd half of this year, but is seeing growing demand for new 2021 bookings.\\xa0Hertz abandoning its plan to sell $500 million of stock after an SEC review.\\xa0David Faber asking Chairman Clayton yesterday on \\u201cSquawk on the Street\\u201d if the SEC is in a position to stop a potential sale of stock by the company if he takes issue with it.\\xa0Clayton responding, \\u201cthere are a number of powers that we have, but we do have to follow due process here. And in a new issue situation like we have where there is new\\xa0stock, one of the processes is to review the disclosure for the issuance, and we\\u2019ve let the company know we have comments on the disclosure\\u201d'