Apple AI Reaction, Musk's Threat, Stocks Slump Ahead of Fed Decision and CPI 6/11/24

Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to Apple's AI unveil, which took place at the company's Worldwide Developers Conference on Monday. The stock closed down 2% just hours after the announcement. The anchors also reacted to Elon Musk saying he would ban Apple devices from his companies if the iPhone maker partners with OpenAI. Also in focus: Stocks fall from record closing highs ahead of Wednesday's CPI data and Fed rate decision, General Motors announces a new $6 billion stock buyback, GameStop shares extend losses post-Roaring Kitty livestream, FDA panel backs Eli Lilly's Alzheimer's drug. Squawk on the Street Disclaimer