Jim and Jeff give an earnings analysis on this consumer staple stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake

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Carl Quintanilla and Jim Cramer discussed what to make of the markets trying to shrug off Israel's early Friday retaliatory strike against Iran -- with the S&P 500 and Nasdaq in the midst of five-session losing streaks. The anchors also reacted to Netflix shares down sharply, as soft Q2 revenue guidance overshadowed a Q1 beat and 9.3 million additional subscribers. Tesla to recall nearly 3,900 Cybertrucks -- as the stock tries to stave off a sixth consecutive day of losses. Also in focus; Earnings from Procter & Gamble and American Express, Paramount surges on buyout bid reports, the latest challenges for Apple in China, Meta CEO Mark Zuckerberg on AI investment, why Trump Media shares continue to rebound.

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Carl Quintanilla, Jim Cramer and David Faber discussed Tesla falling to a new 52-week low after Deutsche Bank downgraded the EV maker to "Hold" from "Buy."

How low can shares go? Hear Cramer elaborate on his message about certain stocks: "We are in a serious correction and no one wants to admit it." Also in focus: 4-day losing

streaks for the S&P 500 and Nasdaq, what to expect from Netflix's quarterly results after Thursday's close of trading, chip sector movers and AI, earnings winners and losers,

the companies scaling back “work from home” arrangements.

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