Stocks Surge, Record Jobs Gain for June, Airlines Sign Loan Pact, President Trump: Jobs Report is Extremely Good News

Carl Quintanilla, Jim Cramer and David Faber discuss the blowout record jobs gain in June, stocks surging on the news. The U.S. economy adding 4.8 million nonfarm payrolls and the unemployment rate falling to 11.1%. New coronavirus cases in the U.S. hitting a single-day record, rising above 50,000 for the first time. Plus, Cramer weighs in on if now is the time to sell the airlines. American, Frontier, Hawaiian, Sky West and Spirit all signing a loan pact with the Treasury Department. The CEO of McCormick joining the “Squawk on the Street” gang to discuss how his company is benefiting from more consumers cooking at home, board diversity, and advertising on Facebook. President Trump gives a briefing at the White House on the June jobs report.