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President Trump Suggests Delaying the Election, Busiest Day of Earnings Season, Q2 GDP Sees Worst-Ever Plunge, Delta Employees Accept Buyout Offers, ServiceNow CEO & YUM! Brands CEO

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Carl Quintanilla, Jim Cramer and David Faber discuss a tweet from the President, pushing stocks deeper in the red. President Trump suggesting delaying the election tweeting, “With Universal Mail-In Voting (not Absentee Voting, which is good), 2020 will be the most INACCURATE & FRAUDULENT Election in history. It will be a great embarrassment to the USA. Delay the Election until people can properly, securely and safely vote???” The U.S. economy saw its biggest slump in activity it has ever known in the second quarter. GDP from April to June plunged 32.9% the worst drop ever. Plus, the “Squawk on the Street” gang digs through the busiest day of earnings season from Qualcomm, UPS, P&G along with what’s coming after the bell Alphabet, Amazon, Facebook and Apple. Breaking news on the airline front, as 17 thousand Delta employees accept buyout offers. Plus, the CEO’s of ServiceNow & Yum! Brands on their company’s latest results and the impact of Covid-19 on their bottom lines.

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The Day We Celebrate Karen