Markets and Apple's Rally, Intel CEO Responds to Trump, the President's Fed Vacancy Pick 8/8/25

Carl Quintanilla, David Faber and Mike Santoli led off the show with the broader market’s upward momentum, including Apple's weekly gain of 9% heading into Friday's trading session. In a letter to Intel employees, CEO Lip-Bu Tan responded to President Trump's call for him to resign. The anchors reacted to Trump nominating Council of Economic Advisers Chairman Stephen Miran to fill a vacant seat at the Federal reserve. Alson in focus: What OpenAI CEO Sam Altman told CNBC about the GPT-5 launch and the possibility of taking the company public, the software sector slump, the stocks that are plummeting on earnings news, one year into Kelly Ortberg's tenure as Boeing CEO -- the turnaround plan and the stock surge. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.