Microsoft Warns, Sandberg to Step Down As Meta COO, Debating Dimon's "Hurricane" and Big Losses For Tiger 6/2/22

Jim Cramer and David Faber delved into the big story of the morning: Microsoft cuts Q4 guidance, citing "unfavorable foreign exchange rate movement." They also discussed Sheryl Sandberg's decision to step down as COO of Facebook parent Meta -- and why Jim thinks a drop in the stock on that news represents a buying opportunity. Also in focus: JPMorgan Chase CEO Jamie Dimon warns an economic "hurricane" is coming -- but Bank of America CEO Brian Moynihan dismisses Dimon's pessimism, David reports Tiger Global's fund declined more than 14% in May, Ford's $3.7 billion expansion plans, and market reaction to GameStop's quarterly results.