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

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