Strong September Start, Macy’s Surges, Ford Trims 1,400 Salaried Jobs, Peloton Pops

The “Squawk on the Street” team discusses the pop in stocks and the continuing strong start for the month of September. A bright spot in retail as Macy’s shares surge on stronger-than-expected online growth. The retailers second-quarter digital sales were up 53% from a year ago. Plus, Peloton on the move after being named a “top pick” at J.P. Morgan and increasing its price target to a street-high of $105 per share. Ford announces they’re trimming 1,400 salaried jobs and offering early retirement. Plus, David’s breaking news on a hostile bid as Altice and Rogers Communications go after Cogeco.