# Jobs Report Gains vs. Layoffs, CoreWeave CEO "First on CNBC," Mega-Tech Record Highs 5/8/26

Page: https://stenobird.com/podcast/squawk-on-the-street-731896/jobs-report-gains-vs-layoffs-coreweave-ceo-first-on-cnbc-mega-tech-record-highs-5-8-26
Text version: https://stenobird.com/podcast/squawk-on-the-street-731896/jobs-report-gains-vs-layoffs-coreweave-ceo-first-on-cnbc-mega-tech-record-highs-5-8-26.md
Podcast: [Squawk on the Street](https://stenobird.com/podcast/squawk-on-the-street-731896)
Published: 2026-05-08T14:22:09+00:00
Episode link: https://www.cnbc.com
Audio file: https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/772daf2b-4aa5-445b-9969-6ecd181231b1/episodes/de71bb04-514f-4535-b3f8-0c74476f1abc/audio/128/default.mp3?aid=rss_feed&awCollectionId=772daf2b-4aa5-445b-9969-6ecd181231b1&awEpisodeId=de71bb04-514f-4535-b3f8-0c74476f1abc&feed=GcylmXl7
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Duration seconds: 2567

## Resource

Carl Quintanilla, Jim Cramer and David Faber led off the show with market reaction to the better-than-expected April jobs report, plus where AI fits into the labor picture. The anchors also discussed layoffs at Cloudflare, Upwork and BILL.com — the companies' announcements came within a 24-hour period. CoreWeave CEO Michael Intrator joined the program at Post 9 to talk about the company's AI strategy, as well as the guidance that sent the stock lower. Another record setting day for the Nasdaq, with Nvidia and Apple hitting all-time highs. Also in focus: Anthropic's push toward a $1 trillion valuation, earnings winners and losers including Airbnb and Coinbase, U.S.-Iran deal watch. Squawk on the Street Disclaimer

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## Transcript

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