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Squawk on the Street

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The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.

327 Episodes
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Jim Cramer and David Faber discussed the mixed market as traders digest better-than-expected unemployment data. Weekly jobless claims falling below estimates of 1.1 million. Shares of Cisco getting hammered. The company did beat the street, but revenue did decline from a year earlier and its guidance was softer than anticipated. National Economic Council Director Larry Kudlow joins Jim and David to discuss the economic outlook, jobless claims and a lot more. Plus, hear what Kudlow had to say about the administration’s tensions over TikTok. Jim and David dig through the other big movers of the day including Tesla, Micron, Tapestry and more. Plus, David details Thermo Fisher’s termination of its acquisition agreement with QIAGEN.  Learn more about your ad choices. Visit megaphone.fm/adchoices
Jim Cramer and David Faber discuss the swings in the market. Stocks rebounding after the S&P 500 snapped a 7-day win streak. Plus, President Trump announcing a deal to buy 100 million doses of Moderna’s vaccine sending shares skyrocketing. The company says the deal with the government is worth $1.53 billion. Jim & David breakdown the big movers of the morning from Tesla’s 5-for-1 stock split, to Roku, Kodak, Overstock, Facebook and beyond. And remembering media mogul Sumner Redstone, who has died at the age of 97. Redstone built his family’s drive-in theater chain into a multibillion-dollar empire encompassing CBS & Viacom and later becoming the center of a jilted lover’s lawsuit that nearly cost his family his financial legacy. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jim Cramer and David Faber discuss the boost in stocks as the S&P 500 closes in on a record high. Russia says it has approved a COVID-19 vaccine. President Putin saying, “as far as I know, this morning, for the first time in the world, a vaccine against a new coronavirus infection has been registered.” It’s important to note that no data has been published by the researchers and that it has only been injected into a few dozen people so far and that a Phase III trial is due to begin later this month. On the therapeutics front, BioNTech says its first trial results may come as early as October. Novavax says its manufacturing capacity will be sufficient to meet demand for its COVID-19 vaccine and it expects to begin a phase 3 trail as soon as late September. Plus, Inovio Pharmaceuticals announcing it expects its vaccine candidate to enter a mid-to-late stage study in September. Plus, news on the ride-hailing front as a California judge granted a preliminary injunction requiring Uber & Lyft to stop classifying their drivers as independent contractors pending further action by the court. Learn more about your ad choices. Visit megaphone.fm/adchoices
David Faber and Jim Cramer discuss the hang up on Capitol Hill. President Trump signing executive orders over the weekend aimed at extending pandemic relief after Congress failed to reach a deal. The orders extending unemployment benefits, providing a payroll tax holiday, deferring student loan payments through 2020 and extending the federal moratorium on evictions. Treasury Secretary Mnuchin joining Jim and David to discuss the road ahead for getting a deal done on a stimulus bill, U.S. – China relations and much more. And breaking news out of McDonald’s as the company announces it’s suing its former CEO Steve Easterbrook for allegedly lying during the company’s internal probe into his behavior. Plus, the CEO of Barrick Gold on his company’s earnings and the all-time high prices of Gold. David and Jim also dig through the big movers of the morning including Kodak, MGM, and Amazon. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discuss the President’s executive order over TikTok & WeChat. President Trump banning the apps from operating in 45 days if they are not sold by their Chinese-owned parent companies. TikTok fighting back, threatening legal action against the executive order saying, “This Executive Order risks undermining global businesses’ trust in the United States’ commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth.” And it’s the July jobs report. Payrolls increasing by nearly 1.8 million, while the unemployment rate fell to 10.2%. Both numbers topping expectations despite a resurgence of Covid-19 across the country. Plus, an exclusive interview with the CEO of Uber, after reporting a mixed quarter. The company reporting a greater than expected loss, but revenue was better than forecast. Demand for Uber’s ride-hailing service saw a halting recovery amid the COVID-19 pandemic, but the business for the company’s Uber Eats food delivery service more than doubled compared to a year earlier. The CEO joining the “Squawk on the Street” gang to discuss the results, the road ahead for the company and the tensions between the U.S. and China. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discuss the stimulus plan, or lack thereof, speaking with both sides of the aisle. Senate Majority Leader McConnell and House Speaker Pelosi both explaining their position on getting a deal done. Listen in to hear why, Speaker Pelosi says “perhaps you mistook them for somebody who gives a damn.” Plus, why Majority Leader McConnell says he believes that the GOP & Dems will reach a virus relief deal in the “near future.” Carl, Jim & David also dig through the big movers of the morning. Airline stocks getting a boost after a dozen Republican senators backed $25 billion in additional federal aid for the airline industry, as the spike in Covid-19 cases in the U.S. derails a recovery in travel demand. Plus, the “Squawk on the Street” team digs through the massive earnings movers from ViacomCBS, Restaurant Brands, Bristol-Myers, Etsy and so many more.  Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber dig through the massive movers and deals of the morning. Teladoc and Livongo announcing they’re merging in a deal worth $18.5 billion. The CEO of Teladoc and the Executive Chairman of Livongo joining the “Squawk on the Street” team to discuss the deal and future of the newly combined company. A Faber Report to kick off the morning on Microsoft & TikTok. David’s sources telling him Microsoft & Bytedance hope to reach a deal in three weeks and the focus has been on a deadline to transfer software code. Shares of Disney surging after reporting results. The company revealing 100 million streaming subscribers and its plans to launch a new streaming service. Disney also announcing it’s highly anticipated ‘Mulan’ is finally heading to Disney+ for $29.99. Plus, shares of Nikola getting hammered after its first financial report since going public. The Executive Chairman of the company joining the show to discuss the road ahead and how pandemic-related supply-chain disruptions impacted the company. Volatility reins for shares of Novavax as the company’s coronavirus vaccine generates promising immune response in its early trail. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber start the morning with breaking news out of Ford. CEO Jim Hackett announces he’s retiring and handing over the reins to Jim Farley, Ford’s COO effective October 1st. Plus, the TikTok controversy continues, as Chinese state media slams the U.S. as a “rogue country” for its planned “smash and grab” of the company. Plus, President Trump says Microsoft should pay ‘key money’ to Treasury for facilitating TikTok deal. And BP cut its dividend in half, after the energy producer reported a $6.7 billion second quarter loss. Facebook announces it’s leasing all 730,000 square feet of office space in Vornado’s landmark Farley building in New York. Financial terms of the deal were not disclosed. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber weigh in on Microsoft, TikTok and the President. The tech giant confirming it will try to buy TikTok after CEO Satya Nadella spoke with President Trump. Microsoft said they’re committed to addressing Trump’s concerns about the social media platform. The “Squawk on the Street” team discusses the movers pushing the Nasdaq, as it hits a record high. Plus, familiar fault lines as a stimulus plan stalls. The White House and Democrats agreeing on $1,200 dollar checks, but they’re still deadlocked on unemployment assistance.  Minneapolis Federal Reserve Bank President Kashkari suggests a 4-6 week shutdown. Telling CBS’ “Face the Nation,” "If we don't do that and we just have this raging virus spreading throughout the country with flare-ups and local lockdowns for the next year or two, which is entirely possible, we're going to see many, many more business bankruptcies… That's going to be a much slower recovery for all of us." Speaking of the Fed, its been 13 years since Cramer’s “They know nothing!” rant heard round the world. Plus, a massive breakdown of the companies on the move from Clorox, Marathon Petroleum, Eli Lilly, Alphabet, ADT and more.  Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber breakdown the blowout results from big tech. Apple posting a blowout third quarter, sales were up 11%, the tech giant also announcing a 4-for-1 stock split. Plus, hear what Apple CEO Tim Cook told Cramer. Amazon sales soaring, trouncing earnings expectations and reporting double-digit revenue growth year-over-year. Facebook beating the street, and telling investors the ad boycott is having an impact. And Alphabet falling after reporting its first revenue decline in the company’s history. The major averages muted as the busiest week of earnings season wraps up and the month comes to a close. Shares of Caterpillar taking a hit after beating the street, but sales tumbling 31% in the second quarter. Plus, questioning Kodak, David breaks down the big week for Kodak. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discuss a tweet from the President, pushing stocks deeper in the red. President Trump suggesting delaying the election tweeting, “With Universal Mail-In Voting (not Absentee Voting, which is good), 2020 will be the most INACCURATE & FRAUDULENT Election in history. It will be a great embarrassment to the USA. Delay the Election until people can properly, securely and safely vote???” The U.S. economy saw its biggest slump in activity it has ever known in the second quarter. GDP from April to June plunged 32.9% the worst drop ever. Plus, the “Squawk on the Street” gang digs through the busiest day of earnings season from Qualcomm, UPS, P&G along with what’s coming after the bell Alphabet, Amazon, Facebook and Apple. Breaking news on the airline front, as 17 thousand Delta employees accept buyout offers. Plus, the CEO’s of ServiceNow & Yum! Brands on their company’s latest results and the impact of Covid-19 on their bottom lines. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber dig through a slew of earnings and speak with the CEOs. Stocks flat as investors focus their attention on corporate results and what’s happening today in Washington. Big Tech execs are preparing to testify before the House Antitrust Subcommittee over dominance of online platforms. Amazon’s Jeff Bezos, Apple’s Tim Cook, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai will all appear. Also happening in Washington, the Federal Reserve is winding down its two-day policy meeting. Chairman Jay Powell is expected to reinforce that the Fed will do whatever it can to help the economy and labor market heal. Plus, it’s a CEO blitz. Carl, Jim and David are joined by the CEOs of Boeing, AMD, Starbucks and eBay. Hear what they’re all saying about their companies results, the impact from Covid-19 and the road ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discuss the earnings blitz and the big movers dragging down the major averages. McDonald’s reporting mixed results. Comparable restaurant sales were down 23.9% globally, but U.S. comparable sales were better than expected, falling 8.7% compared to estimates. The “Squawk on the Street” team also digging through results from Pfizer, 3M and Raytheon. The GOP unveiling its new coronavirus relief plan including wage replacement of 70% in extended unemployment benefits, replacing the $600 weekly enhancement. The new plan also includes another round of $1,200 stimulus checks and $500 payments for depends of any age. MLB commissioner Manfred says Marlins coronavirus outbreak is not a “nightmare” scenario. This following news that 13 members of the Marlins tested positive for coronavirus, which led to the postponement of their Monday game against the Orioles in Miami. Plus, breaking news, as the Fed extends its lending facility to December 31st. And the CEO of Lysol’s Parent Company joining “Squawk on the Street” to discuss his company’s results, partnership with Delta, and much more.  Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discuss the big move in gold, as it hits a record high. The major averages in the green, moving higher to kick off a big week for earnings. Shares of Moderna skyrocketing, after the company said it has received an additional $472 million in government assistance for development of its COVID-19 vaccine candidate, and that a phase 3 study has now begun. Over the weekend, Treasury Secretary Steven Mnuchin saying that Republicans have finalized their latest piece of coronavirus relief legislation. The bill is worth about $1 trillion and is set be introduced Monday. Shares of Under Armour taking a hit after receiving a so-called “wells notice” from the SEC. That noticing giving details on charges it’s intending to bring to the company, related to a previously disclosed probe. The CEO of Walgreens announcing he’s stepping down from that role and will become the executive chair of the company. Plus, the CEO of Albertsons joining the “Squawk on the Street” gang to discuss his company’s earnings beat. Revenue was in line with Wall Street forecasts, while results were helped by a 26.5% jump in comparable store and digital sales. Learn more about your ad choices. Visit megaphone.fm/adchoices
The “Squawk on the Street” team discusses the continued selloff after yesterday’s losses. Tensions continuing to ramp up as China orders the closure of a U.S. consulate in Chengdu, a retaliation move after Washington shut the Chinese consulate in Houston earlier this week. Shares of Intel getting hammered after saying its next-generation chips will come out 6 months later than expected. The company did report earnings that were 12 cents above estimates, while its revenue also came in above forecasts. On the flip side, rival AMD, getting a boost because it already has a “7nm” chip on the market. Plus, Goldman Sachs reaching a $3.9 billion dollar settlement with the Malaysian government over its multi-billion dollar 1MDB scandal. The CEO of Verizon, Hans Vestberg, joins the “Squawk on the Street” team to discuss his company’s results after beating on both the top and bottom line. Vestberg also commenting on the negative impact from COVID-19, ad spending revenues and the road ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber dig through the big earnings mover of the morning. Tesla popping after the company scored a 4th straight quarter of profit. Twitter reporting a 34% jump in monetizable daily active users compared to a year ago. Microsoft moving lower, despite beat analyst expectations on earnings and revenue. The CEO of Southwest joins the “Squawk on the Street” team to discuss his company’s results, the future of the airline industry and getting people back in the air again. Hear his take on the pandemic and how it’s impacting consumer habits, plus his push for the government to mandate masks. Plus, in his first interview since taking over as CEO, AT&T’s John Stankey joins the show to discuss the road ahead for the company after reporting results. The company’s earnings beat, while revenue was in line with forecasts. Hear what he had to say about how the pandemic impacted results across all of AT&T’s businesses.  Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discuss the move in stocks as U.S.-China tensions take center stage. The State Department ordering China to close its consulate in Houston, Texas. China’s foreign ministry spokesperson condemning the action and warning of firm countermeasures if the U.S. does not reverse its decision. Pfizer and the government striking a deal in which the company would provide 100 million doses of a COVID-19 vaccine being developed with partner BioNTech, with an option for the government to acquire an additional 500 million doses. The vaccine would be free for Americans. Breaking news, as Slack files an EU competition complaint against Microsoft. Spotify striking a licensing deal with Universal Music Group sending shares skyrocketing. Plus, the CEO of Liberty Media joins David to discuss the return of the MLB, podcasting and more. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discuss the surge in the major averages, getting a boost from the morning’s earnings movers. IBM reporting better-than-expected second-quarter earnings. Shares of Coca-Cola moving higher after announcing its profit fell 33% in the second quarter, but expressed optimism on over demand as lockdown measurers are lifted. Plus, David’s exclusive reporting on eBay agreeing to sell its classified-ads business to Adevinta for $9.2 billion in cash and stock. Breaking news out of Washington as House Speaker Pelosi says she wants to see a stimulus bill by the “end of next week.” Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla and Jim Cramer discuss the surge in coronavirus cases across the U.S. A busy data morning on possible vaccines as Pfizer-BioNTech’s potential coronavirus vaccine shows promise after releasing additional data. Plus, Oxford University’s coronavirus vaccine with AstraZeneca showing positive immune responses in its early trial. Shares of Moderna in focus after J.P. Morgan downgraded the drug maker’s stock to “neutral” from “overweight” in a valuation call, given the stock’s nearly fivefold gain year-to-date. Facebook CEO Zuckerberg says he has no deal with President Trump in an interview with Axios. Zuckerberg saying, "I’ve heard this speculation, too, so let me be clear: There's no deal of any kind… Actually, the whole idea of a deal is pretty ridiculous. I do speak with the president from time to time, just like I spoke with our last president and political leaders around the world.” Plus, Chevron CEO Michael Wirth, joins Jim and Carl to discuss his company’s $5 billion dollar deal with Noble Energy.  Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discuss the U.S. shattering its daily record for coronavirus infections, reporting more than 77,000 new cases. Florida, South Carolina and Texas all reporting their biggest one-day spikes. Plus, the mask mandate debating is heating up, as the Governor of Georgia sues the Mayor of Atlanta. And investors turning their attention to corporate earnings. Netflix delivered stronger than expected Q2 subscriber growth of over 10M, but lower than expected earnings and its forecast of the addition of 2.5M subs in Q3, half analysts’ forecasts, sent shares plummeting. The streaming giant also announcing Ted Sarandos as Co-CEO, joining Reed Hastings at the top. Facebook CEO Mark Zuckerberg interviewing Dr. Anthony Fauci. Zuckerberg making rare comments, saying he’s been disappointed with President Trump’s handling of Covid-19.  Learn more about your ad choices. Visit megaphone.fm/adchoices
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Comments (9)

Emmett Sites

screw masks

Apr 30th
Reply

Emmett Sites

screw the masks live free or die!!!!

Apr 28th
Reply

Jacob Murphy

3

Apr 24th
Reply

Jacob Murphy

3

Apr 24th
Reply

Emmett Sites

This program is just fanning the fire . Just get the virus and be done with it. We are American s you all act like a bunch of frieghten childern. Tell me who among us was promised at birth a life with no misery.

Apr 10th
Reply

Emmett Sites

Great show but too much talk about global warming bull and Trump B.S. just talk more about the markets .

Jan 18th
Reply

C Torres

I totally agree with David. It's the S&P 500 not the Dow, Buttigieg. Best line of the day and great deadpan delivery. Hahaha!

Dec 21st
Reply (1)

Sunny Goklani

Finally!! Thank you for getting this on the podcast format! Jim and Faber's chemistry is unparalleled!

Sep 25th
Reply
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