"7th Heaven" for Stocks, the Fed and Jackson Hole, AMD's $4.9B Deal and Battle Against Nvidia 8/19/24

Carl Quintanilla and Jim Cramer explored the road ahead for stocks after the best week for equities since November 2023. The S&P 500 and Nasdaq each entered Monday’s trading session with seven-day win streaks. The anchors also discussed what Fed policymakers are saying about rates ahead of Friday’s much-anticipated Jackson Hole summit speech by Fed Chair Powell. Also in focus: AMD makes a $4.9 billion acquisition as the company battles Nvidia on AI, General Motors job cuts, Estee Lauder issues weaker guidance and announces its CEO will retire in 2025, Fubo soars on its legal victory over the Disney-Fox-Warner Bros. Discovery streaming alliance, the Democratic National Convention gets underway in Chicago. Squawk on the Street Disclaimer