Surprise PPI, Musk on Pay Vote, Broadcom Soars and Sets 10-for-1 Stock Split 6/13/24

Published: June 13, 2024, 2:39 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber led off the show with market reaction to an inflation surprise: The Producer Price Index showing a decline in May on a month-to-month basis. The anchors also discussed Elon Musk\'s claim that Tesla shareholders are backing his massive 2018 pay package "by wide margins" -- hours ahead of the company\'s annual meeting. Riding the AI rally: Broadcom shares soared to fresh record highs after posting a Q2 beat and setting a 10-for-1 stock split. Williams-Sonoma announced its own stock-split -- 2-for-1. Also in focus: Nasdaq hits another all-time high, Apple-Microsoft battle for market cap supremacy, Paramount deal update, former President Trump to meet with top CEOs.\\n\\n\\n\\nSquawk on the Street Disclaimer'