DiscoverSquawk on the Street
Squawk on the Street
Claim Ownership

Squawk on the Street

Author: CNBC

Subscribed: 886Played: 83,042
Share

Description

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.
495 Episodes
Reverse
TechCheck Day 2! On our second day as a new show, CNBC’s Carl Quintanilla, Jon Fortt and Deirdre Bosa talk to Twitter’s Former CEO Dick Costolo about Grab, SPACs, valuations and how Bitcoin keeps climbing higher. Then, Affirm’s Founder & CEO Max Levchin weighs in on the future of payments and gives us a gutcheck after the company’s IPO earlier this year. We also hit the J&J news of the day and Julia Boorstin talks Facebook’s plan to delve deeper into the dating space.
Carl Quintanilla, Jim Cramer and David Faber led off with big news on the COVID vaccine front: Both the FDA and CDC recommended pausing use of Johnson & Johnson's one-shot vaccine after six women developed rare blood clots. The news weighed on shares of JNJ and stocks that are part of the reopening trade. The anchors also reacted to the world's largest SPAC merger: Grab -- a Southeast Asian ride-hailing giant backed by Softbank -- has agreed to merge with Altimeter Growth in a deal valued at about $40-billion. Also in focus: Bitcoin hitting a new record high above $63,000 as Coinbase gets ready for its direct listing on Wednesday, and lots talk about the chip sector -- from what Nvidia CEO Jensen Huang said at his company's GTC conference about new products and autonomous cars to anchor chat about the chip shortage's impact on automakers.
Today, CNBC launched its newest daily podcast, TechCheck. Each day, CNBC’s Jon Fortt, Carl Quintanilla and Deirdre Bosa bring you the boldest ideas and most influential names in the tech industry. This bi-coastal program dives deep into stocks focused on new technologies and trends while highlighting the latest news out of iconic companies, FAANG heavyweights, social media darlings, streaming giants, red-hot disruptors and more. Available to listen daily by 12:30pm ET / 9:30AM PT.
Carl Quintanilla, Jim Cramer and David Faber took an in-depth look at the deal of the day: Microsoft agreeing to acquire artificial intelligence and speech recognition company Nuance Communications in an all-cash transaction valued at $56 per share or $19.7-billion including debt. Jon Fortt led off an exclusive interview with Microsoft CEO Satya Nadella and Nuance CEO Mark Benjamin about the deal. Carl, Jim and David also reacted to comments Fed Chair Jerome Powell made on "60 Minutes" about the economic recovery amid a ramp-up in vaccinations, the challenges new COVID variants bring, and the Archegos hedge fund scandal. They also explored what to expect from the White House chip shortage summit set to include the CEOs of Ford, General Motors, Intel, AT&T and Google parent Alphabet. Also in focus: Shares of Alibaba rising despite the company being slapped with a $2.8-billion fine by Chinese regulators as a result of an anti-monopoly investigation.
On a day in which the Dow and S&P 500 each hit a fresh record high, Carl Quintanilla, David Faber and Mike Santoli led off by discussing market reaction to wholesale inflation numbers that came in well above forecasts: What's at stake for the value reopening trade? They looked at the correlation between the S&P 500 and the 10-year note yield as well as what's fueling the recent Nasdaq/tech sector run-up. On the reopening front, the anchors discussed Florida suing the CDC to allow cruise to resume sailings, a Wall Street upgrade for Carnival, and reacted to what the CEO of Wynn Resorts told Jim Cramer about Las Vegas needing "airlift" to get back to 2019 levels. Boeing also in the spotlight after telling some of its customers that they should ground some 737 Max jets because of an electrical issue. The Amazon union vote in focus as the ballot count continues. David's roundup of the week in SPACs included what the SEC is saying about scrutinizing such transactions. Also in focus: Industrials such as Honeywell boost the Dow on analyst upgrades, and shares of Credit Suisse fall on a downgrade in wake of the Archegos hedge fund scandal. Snap-On CEO Nick Pinchuk joined the program to discuss the reopening of the economy, shares of his company hitting record highs, and electric vehicles. He said he's "happy about infrastructure" but also spoke out against hiking corporate tax rates to pay for President Biden's $2-trillion plan.
On another record-setting day for the S&P 500, Carl Quintanilla, Jim Cramer and David Faber led off the show with a discussion about President Biden's $2-trillion infrastructure plan and raising corporate tax rates to pay for it. The president says he is willing to negotiate the 28% percent rate he favors. The anchors explored how the potential for a tax hikes could affect company guidance during earnings season -- as well as just how much corporations benefited from the Trump tax cuts. They also spoke about the reopening trade and COVID vaccinations, including the scrutiny AstraZeneca is facing . The chip shortage also in the spotlight: Production of Apple's MacBook and iPad reportedly delayed due to a supply crunch. The anchors also reacted to what the CEO of Applied Materials told Jim about what the chip equipment maker can do to alleviate the semiconductor shortage. Cramer made some eye-opening comments about Carnival and the cruise industry's battle with the CDC over resuming sailings. Also in focus: Tech shares rally, Palantir Chairman Peter Thiel calls Bitcoin a "Chinese financial weapon", and shares of cloud computing company Box slide after announcing a $500 million investment from funds run by private-equity firm KKR -- and that Aaron Levie will step down as chairman in May but remain CEO.
Carl Quintanilla, Jim Cramer and David Faber led off the show with a closer look at JPMorgan Chase CEO Jamie Dimon's annual letter to shareholders, in which he says an economic boom fueled by deficit spending and vaccinations could "easily run into 2023." They also discussed Amazon CEO Jeff Bezos' statement in which he expresses support for a corporate tax hike and the White House's "focus on making bold investments in American infrastructure", though he stops short of supporting President Biden's plan for a rise in the corporate tax rate. Speaking of the president, the anchors reacted to him telling the press he has yet to meet with Fed Chair Powell since taking office -- a departure from the Trump Administration's approach to dealing with the Fed. In an exclusive interview, Exxon Mobil CEO Darren Woods joined the program to discuss his company's ESG strategy and sweeping plans to commercialize low-emission technologies. Also in focus: Why Cramer says he wishes he could tell people who have never traded or invested before "how stupid the market is."
One day after a rally which resulted in new record highs for the Dow and S&P 500, Carl Quintanilla, Jim Cramer and David Faber discussed the reopening trade amid the jump in COVID vaccinations and stronger demand for air travel: What it all means for the recovery and the markets. The anchors also reacted to what the CEO of Norwegian Cruise Line told Jim about urging the CDC to allow the company to "get back to cruising." The next chapter of the Archegos hedge fund scandal also in the spotlight: Credit Suisse taking a charge of $4.7 billion and shaking up its executive ranks in wake of the Archegos meltdown – plus Carl, Jim and David react to Goldman Sachs CEO David Solomon telling CNBC the he is pleased about the way his team handled the risk related to Archegos. On the big tech front, the anchors discussed Morgan Stanley analyst Katy Huberty raising Apple's services forecast. Also in focus: Senate Minority Leader Mitch McConnell's warning to CEOs to "Stay out of politics" as several companies criticize Georgia's new voting law.
Carl Quintanilla, Jim Cramer and David Faber discussed the major indices rallying in their first session following the blowout March jobs report, which was released when the markets were closed for Good Friday. Helping the Dow and S&P hit fresh record highs: The reopening trade -- shares of cruise operators, airlines, AMC Entertainment and others leading the way in wake of the ramp-up in COVID vaccinations. The anchors also reacted to news that Treasury Secretary Yellen is expected to call for a global minimum corporate tax. They also explored whether the tech unwind rotation is coming to an end. Tesla getting a boost after its Friday release of record deliveries for Q1. With certain electric vehicle stocks and SPACs getting hammered recently, Jim weighs in on how individual investors can avoid getting burned in this market. GameStop slumps after announcing plans to sell up to 3.5 million shares in an "at-the-market" offering: Is the stock the "ultimate crypto play?” David outlines the latest developments surrounding the Archegos margin call fallout.
On the first trading day of the second quarter, Carl Quintanilla and Jim Cramer discussed the S&P 500 surpassing the 4,000 mark for the first time. The move comes one day after President Biden outlined his $2T infrastructure plan, which includes point-of-sale rebates when buying a new electric vehicle and funding for 500,000 EV charging stations. The anchors explored what such a development could mean for automakers and EV SPACs, and reacted to what President Biden said about hiking corporate taxes to pay for the plan -- plus Commerce Secretary Gina Raimondo's comments to Jim explaining why the package is about competing with China. Semiconductors also part of the infrastructure/China discussion as well, inculding Micron's better-than-expected quarterly results. On the COVID front: Pfizer and BioNTech out with new data showing 91% efficacy for its vaccine after six months, adding it is effective against the South African variant -- and Johnson & Johnson announcing a batch of its of its covid-19 vaccine produced at an Emergent Biosciences factory in Baltimore did not meet quality standards and will not be distributed. AMC Entertainment Chairman & CEO Adam Aron spoke exclusively with Jim and Carl, discussing the movie theater chain's reopening plans. Aron also announced that AMC is asking shareholders to approve a 500 million share offering. Also in focus – CEOs speak out: Highlights from Wednesday night’s CNBC special “Race and Opportunity In America.”
Carl Quintanilla and Jim Cramer led off the show with news out of Pfizer: The drugmaker says its study shows COVID-19 vaccine was 100% effective in preventing Covid-19 in children ages 12 to 15. The anchors went on to discuss how the U.S. is leading the charge on vaccinations. They also highlighted reopening-related stories: Wells Fargo says as of September 6 it sees a more normal return to work, while on the commercial real estate front JPMorgan Chase, Salesforce and PriceWaterhouseCoopers are among the companies looking to unload major blocks of office space. Ahead of President Biden's remarks making the case for his $2T infrastructure plan, Carl and Jim discussed which stocks are most likely to benefit from passage of such a bill. Merck CEO Ken Frazier, former American Express CEO Ken Chenault and dozens of the nation's Black business leaders are calling on all of corporate America to publicly and directly oppose new laws that would restrict the rights of Black voters -- and use their clout, money and lobbyists to sway the debate with lawmakers. The anchors reacted to what Frazier and Chenault told CNBC about the initiative. In a statement, Delta CEO Ed Bastian criticized Georgia's new election law, calling it "unacceptable" and that it would make it harder for Blacks in the state to vote. Also in focus: Wrapping up the first quarter and what to expect from stocks in the second quarter, plus earnings movers: Lululemon and Chewy moving in opposite directions.
The morning after the Dow hit a fresh record high, Carl Quintanilla and Jim Cramer kicked off the show with a closer look at the market continuing to weigh the fallout from the Archegos margin call: Shares of Nomura and Credit Suisse extend their losses, shares of ViacomCBS, Discovery and Baidu continue to rebound and Jim gives a thumbs up to JPMorgan Chase's risk controls. The anchors also reacted to Archegos' statement, in which the firm cites what it calls a "challenging time." The 10-year note yield rises to a 14-month high, putting inflation in focus as the White House pushes ahead with plans for an infrastructure bill. Carl and Jim also discussed the spike in home prices and what it means for Home Depot, Lowe's and the homebuilders. They explored other names that could benefit from a recovery and reacted to CDC Director Dr. Rochelle Walensky's warning that the U.S. is headed for "impending doom" as COVID cases rise again. Also in focus: Apple shares under pressure after its top supplier Foxconn cautioned that a "materials shortage" could hit its supply chain in the comping months, Spotify says it has acquired the creator of the "Locker Room" live audio sports chat app and plans to expand it to offer a range of sports, music and cultural programming, and Cathie Wood's latest move: Ark Invest's space and exploration ETF makes its trading debut.
Carl Quintanilla and Jim Cramer kicked off the show by discussing volatility weighing on the markets as shares of Nomura and Credit Suisse tumble -- both companies warning of significant hits to their first quarter results after exiting positions with a large U.S. hedge fund that defaulted on margin calls last week. Goldman Sachs and Morgan Stanley also saw their respective shares take a hit. The recent plunge in shares of ViacomCBS and Discovery also in the spotlight: A source told CNBC the selling pressure in certain media stocks and Chinese ADRs was due to the forced liquidation of positions held by Archegos Capital. David Faber called in to the program to discuss the margin call fallout, the lack of transparency and how this is going to bring great scrutiny to the swap market. Also in focus: The massive cargo ship stuck in the Suez Canal has been freed, Southwest Airlines announcing 100 firm orders for the Boeing 737 Max while taking an option on 155 additional jets, Goldman revising its Q2 GDP forecast, the reopening trade and whether Lululemon should be included in the mix, and upbeat Wall Street calls on internet stocks such as Facebook and Twitter.
The “Squawk on the Street” team discusses stocks edging higher, in the green to close out the week. Focusing on the retail investor as GameStop shakes off a slump and soars to snap a recent slide. China vs. Nike and H&M day 2. The world’s biggest seller of fast fashion, H&M, effectively ceasing to exist in China after it was wiped off of apps in China. Backlash continuing from Chinese consumers over the company’s decision to stop sourcing from China’s Xinjian region. Plus, still breached. The stranded mega-container vessel, Ever Given stuck in the Suez Canal, holding up an estimated $400 million an hour in trade, according to estimates. WeWork agreeing to a SPAC deal with BowX Acquisition, that would take the startup public in a deal worth $9 billion including debt. WeWork was once valued at $47 billion. Watching bank stocks, after the Federal Reserve announced plans to lift restrictions on bank dividends and stock buybacks. And an interview with the U.S. Transportation Secretary, Pete Buttigieg. Hear what the Secretary had to say about the future of infrastructure spending and much more.
David Faber and Jim Cramer discuss the stocks making the biggest moves of the morning. Shares of ViacomCBS falling again this morning after closing down 23% the previous day. Investors are continuing to react to a new stock sale and questioning the ability of the company to execute successfully on its streaming strategy. ViacomCBS also getting a downgrade over at MoffettNathanson. Plus, a possible spac-down is coming. Reports that the SEC is opening an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved. Shares of Nike falling, the target of criticism on Chinese social media for a statement in which the company said it was “concerned” about reports of forced labor in Xinjiang. Nike also saying it doesn’t source products from the region. Plus, big tech CEOs facing questions before a House panel over online disinformation. The CEOs of Facebook, Twitter and Alphabet all set to testify.
David Faber and Jim Cramer get straight to the big movers of the morning. Shares of Intel higher after the company announced it’s spending $20 billion to build two major chip plants in Arizona. The company’s new CEO, Pat Gelsinger, saying “Intel is back. The old Intel is now the new Intel.” Gelsinger also announcing a shift in strategy, a new division called Intel Foundry Services that taps into one of the biggest trends in the world of semis. Plus, shares of GameStop getting pummeled after reporting results, missing analyst expectations. The company didn’t address the Reddit-fueled trading frenzy on its call, and skipped Q&A all together. The CEO of Adobe, Shantanu Narayen, joining David and Jim exclusively to discuss the company’s latest quarter, NFTs and a lot more. Plus, testimony released from Tech CEOs Dorsey, Zuckerberg, and Pichai ahead of tomorrow’s hearing on social media misinformation.
David Faber and Jim Cramer discuss the slump in stocks on the one-year bull market anniversary. Treasury yields ebbing lower following prepared remarks from Federal Reserve Chairman Powell for a congressional hearing this afternoon. Powell warning, “The recovery has progressed more quickly than generally expected and looks to be strengthening. But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes.” AstraZeneca falling in a rare statement released just hours after the company announced positive results from its late-stage U.S. trials, an independent monitoring board told U.S. health officials that the drug maker may have given incomplete efficacy data from its COVID-19 vaccine trial. A junior banker survey goes viral at Goldman Sachs, CEO David Solomon addressed the complaints. Plus, Citigroup’s new CEO Jane Fraser barring internal video calls on Fridays and encouraging vacations in a big effort to combat work from home malaise. David and Jim dig through the big movers of the morning. ViacomCBS shares getting slammed after the company said it will raise $3 billion from stock offerings, following a recent runup in its stock price. The media company will sell $2 billion in class B common shares and $1 billion in mandatory convertible preferred shares.
Jim Cramer and David Faber discuss the tech bounceback – leading the Nasdaq and S&P 500 higher amid falling Treasury Yields. Shares of Apple, Facebook & Microsoft all gaining more than 1% in morning trading. Plus shares of Tesla rallying more than 4% as Cathie Wood’s Ark Invest puts out a new price target on the stock which calls for it to quadruple in four years. And Morgan Brennan joins for First On CNBC interview with Canadian Pacific Railway CEO Keith Creel, the company acquiring Kansas City Southern, in a deal which would create the first U.S.-Mexico-Canada rail network.
Carl Quintanilla, Jim Cramer and David Faber led off the show reacting to breaking news that sent financial stocks lower and bond yields higher: The Fed announced it will not renew pandemic-era capital relief for banks. Jim says interest rates need to stabilize to end the slide for big tech stocks such as Microsoft. This as more Wall Street firms weigh in on whether the 10-year note yield will surpass two percent by the end of the year. Earnings news also in the spotlight: FedEx up sharply after beating estimates, while Nike shares take a hit as shipping delays impact its results. The anchors also took a look at the NFL's new eleven-year media agreement which includes Amazon getting exclusive rights to stream Thursday night football games. Also in focus: Tense talks between the U.S. and China, Barclays upgrades Ford to “overweight” citing the automaker’s electric vehicle strategy, The one-year rebound and rally in cruise stocks and what it would take for the cruise lines to ramp up trips as vaccinations accelerate, SPACs getting hurt, Chubb's unsolicited bid to acquire insurance rival Hartford Financial, and a survey that shows Goldman Sachs junior investment bankers are suffering burnout.
The Morning after the Dow surpassed 33,000 for the first time, Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at the rising 10-year note yield as inflation fears extend losses in the tech sector. Jim explains why Microsoft, Apple and Amazon are among the big tech names experiencing "stages of grief" -- and how money is rotating into names such as Caterpillar. The anchors reacted to Fed Chair Jerome Powell's comments from yesterday on inflation and supply bottlenecks -- he said "one-time increases in prices are likely to have only transient effects on inflation." They looked at what rising energy prices could mean for companies such as 3M. Also in focus: Lyft announcing year-over-year growth in ridesharing volume, AMC Theatres ramping up reopenings in the U.S. and what AT&T CEO John Stankey told David about the theatrical window compared to three years ago, winners and losers in retail including an earnings miss for Dollar General, and Citi's upbeat note about Intel and its new CEO Pat Gelsinger. An extra: How Powell, Ben Bernanke and Janet Yellen are being used to give "Rickrolling" a whole new meaning.
loading
Comments (12)

GG

Biden tough on China??? Jim's drinking. again

Apr 6th
Reply

GG

they banned the ability of buying.... that's fair?

Jan 28th
Reply

GG

Democrats with amnesia

Jan 8th
Reply

GG

Jim China Cramer

Nov 19th
Reply

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

Sunny Goklani

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

Sep 25th
Reply
loading
Download from Google Play
Download from App Store