Navigating a Tough August, Commerce Secretary in China, White House Selects Drugs for Medicare Price Negotiations 8/29/23

<p>Carl Quintanilla, David Faber and Mike Santoli discussed the markets' road ahead: The Nasdaq headed into Tuesday with gains in five of the last six session, but still on track for its worst month of the year along with the S&P 500. Commerce Secretary Gina Raimondo headed to Shanghai after meeting with China's vice premier. Eunice Yoon reported from the high-speed train in which the secretary was traveling. Also in focus: The Biden Administration unveiled its list of drugs selected for Medicare price negotiations, Best Buy's earnings beat, Verizon and AT&T upgraded, Alphabet trades near 2023 highs, Nvidia's post-earnings moves and AI, what Amazon CEO Andy Jassy reportedly told remote workers about returning to the office.</p><p> </p><p> </p><p><a href="https://www.cnbc.com/squawk-on-the-street-disclaimer/">Squawk on the Street Disclaimer</a></p>