Powell Effect on the Markets, What to Expect From Apple’s Earnings, Peloton CEO Steps Down 5/2/24

Carl Quintanilla, Jim Cramer and David Faber led off the show with markets digesting Wednesday's post-Fed decision comments by Chair Jerome Powell.  He said it is unlikely that the Fed's next move would be a rate hike. The anchors also discussed what to expect from Apple's quarterly results due out after Thursday's close of trading. Jim outlined what he sees ahead for the stock. Also in focus: Carvanasoars, Qualcomm jumps, DoorDash tumbles, Peloton CEO Barry McCarthy  steps down and the company cuts jobs, Tesla developments, Ford April auto sales, revisiting Wednesday's Starbucks stock plunge and exclusive interview with CEO Laxman Narasimhan.   Squawk on the Street Disclaimer