Trump Iran War Speech Sends Stocks Tumbling and Oil Prices Surging, Tesla Deliveries Miss, Blue Owl Redemptions 4/2/26

On the final day of a holiday-shortened trading week, Carl Quintanilla, Jim Cramer and David Faber discussed stocks tumbling and crude oil prices surging in reaction to President Trump's primetime address about the Iran war. The anchors also reacted to Tesla's Q1 deliveries missing analyst forecasts. Private credit pain: Shares of Blue Owl and other alternative asset managers extended this year's steep losses, after the company said it would limit withdrawals from two of its funds. Also in focus: Elon Musk's SpaceX files for a massive IPO, AI and the backlash against data center, semiconductors rally and travel stocks slide, gasoline and diesel prices keep spiking and adding more pain at the pump. 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.