Comedian’s mocking cry absorbing street (6)
I believe the answer is:
jester
'comedian's' is the definition.
(jester is a kind of comedian)
'mocking cry absorbing street' is the wordplay.
'mocking cry' becomes 'jeer' (a jeer is a mocking cry or taunt).
'absorbing' is an insertion indicator.
'street' becomes 'st' (abbreviation).
'jeer' going around 'st' is 'JESTER'.
(Other definitions for jester that I've seen before include "Yorick" , "Court joker" , "one entertaining in court" , "Royal comedian" , "Court humorist" .)