Bracing for Jobs Friday, Costco Same-Store Sales Drop, Perlmutter Speaks Out on Disney 4/6/23

Jobs Report Beats, Tech's 2024 Start Not "Magnificent," Middle East Conflict Impact 1/05/24: Carl Quintanilla and Jim Cramer led off the show with market reaction to the government's key December employment report: 216,000 non-farm jobs were added last month, exceeding economists' forecasts -- but October and November payrolls were revised lower. The unemployment rate held steady at 3.7%. The anchors discussed what to make of the early 2024 slump in tech and "Magnificent 7" stocks -- with the Nasdaq in the midst of a five-day losing streak. Also in focus: Red Sea attacks and the Middle East conflict’s impact on everything from Chevron and Maersk to McDonald's, Microsoft moves closer to Apple's valuation, Constellation Brands' earnings, Costco's sales jump, a look ahead to next week's bank earnings and Jim's CEO interviews from the J.P. Morgan Healthcare Conference. Squawk on the Street Disclaimer Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

November Markets and Fed Decision, AMD's AI Message, Musk on the Cybertruck and Zuckerberg 11/1/23: With major indices now in the midst of a three-month losing streak, Carl Quintanilla, Jim Cramer and David Faber discussed what to expect from the markets in November – as well as the Fed's Wednesday decision on interest rates and policy statement. AMD shares erased losses sparked by soft Q4 guidance, rebounding after CEO Lisa Su said her company is forecasting $2 billion in AI chip sales next year. Also in focus: Treasury refunding, Tesla's Elon Musk spoke about his Cybertruck forecast and slammed both Meta's Mark Zuckerberg and X rival "Threads" on Joe Rogan's podcast, Stanley Druckenmiller on why he was "completely wrong" about the stock market this year, Cramer's eye-opening comments about Estee Lauder shares tumbling, "Faber Report" on a potential sale of Hulu and an update on the actors' strike against Hollywood studios and streamers. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Morning After the 1,200-Point Sell-off, The Inflation Effect, and Mortgage Rates Top 6% 9/14/22: Carl Quintanilla and Jim Cramer explored the markets trying to rebound after Tuesday's consumer inflation report and interest rate hike fears resulted in the worst day for stocks since June 2020 -- including the Dow's more than 1,200-point drop. Fresh wholesale inflation data show the Producer Price Index fell 0.1% in August from the previous month. Cramer highlighted where to put your money in this environment. He also explained why he believes Costco's data is better than the government's when it comes to inflation. Also in focus: Mortgage rates surpass 6% for the first time since 2008, why Jim thinks the 2-year note is "the worst stock in the world," the buybacks bandwagon, Meta shares hit new lows for the year and what Starbucks founder Howard Schultz told CNBC about a "new era" for the company. by Squawk on the Street

43 min listen

Markets Try to Extend Rally, China Tech Stocks Tumble, Tesla's "Redder" October and an Investor's Meta "Verse" for Zuckerberg. 10/24/22: After the best week for stocks since June, Carl Quintanilla, Jim Cramer and David Faber discussed a tale of two markets: The major indices look to extend Friday's rally as we begin a big week for mega-cap tech earnings, while China tech stocks take a beating after President Xi wins a third term and tightens his grip on power. Speaking of China, Tesla is cutting the price of its vehicles in that country, adding to what has been a rough month for the stock. The anchors also explored a double dose of Meta: Bank of America downgraded the stock to "neutral" and Brad Gerstner -- CEO of tech investment firm Altimeter Capital -- is calling on Mark Zuckerberg to cut costs and reduce spending at Meta. Also in focus: The jump in health-related stocks, the Musk-Twitter deal deadline looms, Schlumberger rebrands itself as "SLB" and Wall Street debates the chances by Squawk on the Street

44 min listen

Rate Hike Jitters Spark Market Sell-off, plus Elon Musk Sells More Tesla Shares As The Twitter Saga Rolls On. 12/15/22: Carl Quintanilla, Jim Cramer and David Faber focused on the markets extending Wednesday's losses into a sell-off, one day after the Fed announced a 50-basis point rate hike and signaled more increases to come as it battles inflation. The Bank of England and the European Central Bank each followed the Fed with similar rate hikes on Thursday. Jim highlights which stocks to buy -- and the ones to avoid -- in this market environment. The anchors also discussed Elon Musk's sale of another $3.6 billion of Tesla shares -- and the company's market cap sliding below $500 billion -- amid investor concerns about Musk's role at Twitter. Also in focus: Retail sales fell sharply in November, What's driving the rally in Chinese shares, plus Cramer explains why he's bullish on Bob Iger upon his return as Disney CEO. by Squawk on the Street

44 min listen

Q2 Beats for BofA and Morgan Stanley, Dow Aims for 7-Day Win Streak, June Retail Sales Miss 7/18/23: Carl Quintanilla, Jim Cramer and David Faber explored market reaction to bank earnings, led by better-than-expected second-quarter results from Bank of America and Morgan Stanley. All of this coming one day after the Dow extended its daily win streak to six -- and both the S&P 500 and Nasdaq rose to levels not seen since April 2022. Also in focus: June retail sales growth missed economists' forecasts, Shares of AT&T and Verizon try to end major losing streaks, Wall Street calls and the “Magnificent 7," media stocks’ moves in light of the labor strikes in Hollywood. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

More Rate Hikes? Apple of My AI, Billionaire Battle 8/7/23: Carl Quintanilla, Jim Cramer and David Faber started the hour by breaking down the broader markets, with the S&P and Nasdaq both coming off their worst weeks since March. Investors also worked with new Fed commentary, as Governor Michelle Bowman said more rate hikes will likely be needed. The anchors also turned to Apple, coming off its worst week of 2023, with new reports saying the company is boosting its AI efforts for iPhones and iPads. Also in the mix: an update to the cage match between Mark Zuckerberg and Elon Musk, as the two CEOs traded jabs on their respective social platforms over the weekend. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Recession Fears Fuel Market Sell-off, Bezos vs. Biden, Tesla Deliveries Disappoint and an Exclusive With Micron's CEO 7/5/22: Kicking off a holiday-shortened trading week, Carl Quintanilla Jim Cramer and David Faber discussed what to make of the broad sell-off, as recession worries overshadow reports that the White House is mulling the removal of China tariffs to combat inflation. The anchors also reacted to Jeff Bezos slamming President Biden for demanding companies that run gasoline stations lower prices at the pump. Micron CEO Sanjay Mehrotra joined the program exclusively to discuss supply chain issues and the chipmaker's guidance that has weighed on the stock. Also in focus: Tesla's Q2 deliveries miss Wall Street forecasts, Ford auto sales jump in June, and rough times for crypto. by Squawk on the Street

44 min listen

Inflation Cools in March, What Buffett Told CNBC, Emerson's $8.2B Deal 4/12/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with market reaction to key inflation data: The March Consumer Price Index cooled from a year ago to levels not seen in nearly two years. The anchors also discussed Warren Buffett's comments from Tokyo in a wide-ranging CNBC interview, including his take that even though "we're not through with bank failures," there's no reason for depositors to panic. Also in focus: Emerson to buy National Instruments in an $8.2 billion cash deal, what's fueling McDonald's shares’ jump to fresh record highs, UConn men's basketball head coach Dan Hurley and Connecticut Governor Ned Lamont joined the anchors at Post 9 after ringing the NYSE opening bell, in celebration of the Huskies' 2023 championship. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Snap Shares Plummet, Dow Aims For 3-Week Win Streak, AmEx Beats Are Not Enough, Plus a Cisco CEO Exclusive. 10/21/22: Carl Quintanilla, Jim Cramer and David Faber led off the show by discussing shares of Snap losing more than a quarter of their value and dragging other social media stocks lower. The parent of Snapchat posted a quarterly revenue miss, hurt by a slowdown in digital ad spending. Hear what Cramer thinks about the stock -- and the company. The anchors also explored the markets on track for a positive week, including the Dow looking to extend its weekly win streak to three for the first time this year. Also in focus: American Express shares fall despite upbeat quarterly results and guidance, the U.S. reportedly mulling security reviews for some of Elon Musk's ventures - including his deal to buy Twitter, earnings from Verizon and Whirlpool, hospital stocks plunge, plus David's exclusive interview with Cisco CEO Chuck Robbins. by Squawk on the Street

43 min listen

ABCs with Lululemon CEO & “The Anti-Social Network” with Ben Mezrich: GameStop’s latest quarterly report did little to answer Wall Street’s--and Reddit’s--concerns about the company’s turnaround plan and sky-high stock price. Ben Mezrich, author of “The Anti-Social Network,” joined to discuss his book about the Gamestop saga and how it continues to shake up Wall Street. Lululemon shares hit a fresh, all-time high after the retailer blew past Wall Street’s expectations in its latest fiscal quarter. Famous for its women’s leggings and “ABC” jogger pants for men (Joe’s & Andrew’s favorite), Lululemon sales have outperformed other retailers during the Covid pandemic. Calvin McDonald, CEO of Lululemon, discusses the company’s Q2 results, employee pay, and what’s next for the brand. Ukraine is the latest country to legalize bitcoin, a sign the currency could be here to stay. United Airlines’ employees who are granted exemptions to a company vaccine mandate for religious reasons will be put o by Squawk Pod

31 min listen

Waiting for the Fed, Instacart's IPO Day and $9.9B Valuation, Disney's Double 9/19/23: Interest rates in the spotlight: Carl Quintanilla, Jim Cramer and David Faber discussed stocks under pressure as the Fed kicks off its two-day policy meeting. The anchors also explored the state of the IPO market: Instacart heads into its Wall Street debut with a valuation of about $10 billion, while Arm shares fell for a third straight day after surging in its return to the public markets last week. Also in focus: Disney doubles investment in its parks business and ABC to air additional "Monday Night Football" games because of the Hollywood strikes, what Oracle CEO Safra Catz told Cramer about AI, UAW's message to Detroit’s Big 3 as its strike against Ford, GM and Stellantis enters day five. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Inflation Report Sparks Market Sell-off, Bond Yields Jump and Alpha for Delta 10/13/22: Carl Quintanilla, Jim Cramer and David Faber led off with the big inflation news of the morning: The Consumer Price Index for September coming in hotter-than-expected -- erasing a pre-market rally, sparking a sell-off and a spike in bond yields. How do you go about finding opportunity in this market? Also in focus: Delta's record Q3 revenue and upbeat guidance, chip sector moves, gilt yields fall on reports we could see further U-turns on the UK government's mini-budget, Wall Street upgrades including Meta, Musk-Twitter latest, and what an ExxonMobil executive told David about low carbon as a growth strategy. by Squawk on the Street

46 min listen

Jobs Report and "Fed for Thought", The White House Reacts, AMD Warns and the Elon Musk-Twitter Deadline 10/7/22: Carl Quintanilla, Jim Cramer and David Faber led off with the story of the morning: September employment data show non-farm jobs growth slowed to 263,000 -- while the unemployment rate fell to 3.5%. Cramer said negative market reaction to the report shows "the Fed is winning." Labor Secretary Marty Walsh joined the program with Biden Administration reaction to the jobs data. Also in focus: AMD drags down the chip sector with a revenue warning, A judge postpones the Elon Musk-Twitter trial and sets a deadline for both sides to close the deal, and "emotional sales" in the tech sector. by Squawk on the Street

44 min listen

Markets Seek a "Green Week," Broadcom-VMWare Talks, Starbucks to Exit Russia, and How Low Can Tesla Shares Go? 5/23/22: Carl Quintanilla, David Faber and Mike Santoli discussed the markets looking to start the week on a positive note after the S&P 500 extended its weekly losing streak to seven on Friday. The anchors explored which sectors could help turn the tide. They also reacted to President Biden's comments on the economy: He said a recession in the U.S. is not inevitable. On the M&A front: sources say chipmaker Broadcom is in advanced talks to acquire VMWare, whose shares surged on that news. Also in focus: Starbucks decides to exit its Russia business, What Jamie Dimon said at JPMorgan Chase's "Investor Day", and Tesla shares down 40% since Elon Musk disclosed his stake in Twitter last month. Is Tesla a buying opportunity? by Squawk on the Street

45 min listen

Recession Fears and the Markets, Cramer vs. the Downgrade Parade, Twitter's Letter Slams Musk, Gap CEO Steps Down and Bill Ackman's SPAC Setback. 7/12/22: Carl Quintanilla, Jim Cramer and David discussed stock market moves and oil prices falling amid inflation and global growth worries, dollar-euro parity and investors looking ahead to this week's inflation data and bank earnings. Cramer speaks out about the "endless" downgrades on Wall Street and why the "sell everything" approach is the wrong instinct. The anchors also reacted to Twitter's letter to Elon Musk: The company slamming his attempt to abandon their $44 billion deal as "invalid and wrongful." Also in focus: Gap CEO Sonia Syngal steps down, PepsiCo's earnings beat, Billionaire investor Bill Ackman winds down his $4 billion SPAC, bitcoin back below $20,000, plus Cramer and Mark Zuckerberg in the metaverse. by Squawk on the Street

44 min listen

Rate Fears Fuel Market Selloff, Tesla Deliveries Disappoint, CEOs on GE's Final Split 4/2/24: Carl Quintanilla, Jim Cramer and David Faber discussed Tuesday’s stock selloff, sparked by concerns the Fed might not cut interest rates in June. How should you navigate these markets? Tesla among the biggest laggards after Q1 deliveries missed expectations. The end of an era for General Electric: The iconic company completed its final split. GE Aerospace CEO Larry Culp and GE Vernova CEO Scott Strazikjoined the anchors at Post 9 to discuss the road ahead. Also in focus: Disney's boardroom battle ahead of Wednesday's crucial shareholder meeting, Medicare “disadvantage” for health insurance stocks, PVH plummets and drags down retail. Squawk on the Street Disclaimer by Squawk on the Street

45 min listen

Markets Extend Rally, U.S. vs. China on Chips, Loeb's ESPN Spin-off U-Turn, and Bitcoin 22K 9/12/22: Carl Quintanilla, Jim Cramer and David Faber discussed the markets aiming for a fourth straight day of gains ahead of key inflation data due out Tuesday. Cramer explained what he finds "most interesting" about this market moment. Jim is in Seattle and previewed Monday night's "Mad Money" interviews with the CEOs of Amazon Web Services and Expedia. Also in focus: President Biden reportedly ramping up curbs on U.S. chip exports to China, billionaire investor Dan Loeb signals that he is no longer calling on Disney to spin off ESPN, Twitter calls Elon Musk's latest push to terminate their $44 billion deal "invalid," the potential railroad workers' strike, and bitcoin jumps back above 22,000. by Squawk on the Street

43 min listen

Inflation Report Lifts Stocks, Oracle's Record High and AI, Apple Downgraded 6/13/23: With Wednesday's Fed interest rate decision on Wall Street's radar, Carl Quintanilla, Jim Cramer and David Faber led off the program with a breakdown of the May CPI report, which shows consumer inflation cooled to its lowest annual rate in two years. The news lifted the S&P 500 and Nasdaq to fresh 52-week highs. Jim explained why he believes people are making more money in this market than he has seen "in maybe...twelve years." The anchors also discussed Oracle shares hitting a new record high after the company reported a quarterly beat, helped by strong cloud growth and orders from AI customers. Also in focus: Apple downgraded by UBS to “Neutral” after posting a record closing high, Tesla aims for a 13-day win streak, plus a "Faber Report" on the FTC vs. the Microsoft-Activision merger deal. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Wholesale Inflation's Big Drop, Amazon CEO's Annual Letter to Shareholders 4/13/23: Carl Quintanilla, Jim Cramer and David Faber highlighted two big stories: The Producer Price Index for March shows wholesale inflation posted its biggest decline in three years – and Amazon CEO Andy Jassy released his annual letter to shareholders. The anchors reacted to the details of the letter and what Jassy told CNBC about Amazon's future and AI. Also in focus: Delta's quarterly miss and upbeat guidance, Warner Bros. Discovery takes streaming to the "Max", what's lifting Netflix shares, Apple reportedly triples India iPhone output, what to expect from Friday's major bank earnings reports. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Hotter PPI, Tech's Rough Stretch, Biden: China a "Ticking Time Bomb" 8/11/23: Carl Quintanilla, Sara Eisen and Mike Santoli led off the show with market reaction to fresh inflation data: The July Producer Price Index came in a bit hotter-than-expected, following Thursday's cooler-than-expected CPI report. The anchors explored what's at stake for the markets and the Fed. Also in focus: The tech sector's roughest stretch since December, President Biden calledChina a "ticking time bomb" due to its economic challenges, getting ahead of the curve on next week's retail earnings from Walmart, Target and Home Depot, what X Corp. CEO Linda Yaccarino told Sara about a potential Musk-Zuckerberg cage match. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

China Unrest Pressures Stocks, Black Friday Bonanza and Town Hall Time for Disney CEO Iger. 11/28/22: Carl Quintanilla and Jim Cramer kicked off the week by focusing on global markets under pressure, as protests in China over that country's "zero-COVID" policy spark concerns about growth and demand in the world's second largest economy. Coverage includes a report from on the ground in Beijing. The anchors also discussed the latest holiday shopping report cards, including data from Adobe which show Black Friday online sales set a new record. Disney also in the spotlight ahead of CEO Bob Iger's Monday town hall meeting with employees. Also in focus: Upgrades for Activision, WTI crude falls into negative territory for the year and casino stocks get a Macau boost. by Squawk on the Street

43 min listen

Markets Jump on Jobs Report, Tesla Extends Stock Slump on Price Cuts in China 1/6/23: Carl Quintanilla and Jim Cramer discussed stocks jumping on the better-than-expected December employment report: Non-farm payrolls up 223,000, the unemployment rate fell to 3.5% and wage growth slowed. Labor Secretary Marty Walsh joined the program with White House reaction to the numbers. Tesla shares extended losses after the automaker slashed prices in China for the second time in less than three months. Also in focus: Costco leading the gains in consumer stocks, upgrades and downgrades, the challenges of finding a bull market, Cramer on how to play Apple and why he likes the "slowdown stocks." by Squawk on the Street

43 min listen

Bloomberg Wall Street Week: Ketterer, Grantham, Peters by Wall Street Week

32 min listen

Bracing for Friday's Jobs Report, Tesla's Rough Month, U.S. Chamber: Regulate AI 3/9/23: Carl Quintanilla and Jim Cramer explored the markets and the Fed's data dependency ahead of Friday's key February jobs report -- and outlined the risks that should be on your radar. The anchors also discussed Tesla shares posting double-digit losses so far this month -- plus a note from Morgan Stanley analyst Adam Jonas which says Tesla's Cybertruck may be more of a "side-show" to the company's story today. Also in focus: General Electric shares jump on guidance, The U.S. Chamber of Commerce calls for regulation of artificial intelligence, crypto bank Silvergate to shut down, Cramer on the names he says are not your father's cyclicals. by Squawk on the Street

44 min listen

Amazon Cutting 18,000 jobs, “Fedspeak “and 5% Rates, Tesla's China Slide, Silvergate Plunges on FTX Effect 1/5/23: Carl Quintanilla and Jim Cramer led off the show with a wide-ranging discussion about Amazon's plans to cut 18,000 jobs and how many more layoffs we might see in the tech sector. Wednesday night on CNBC, Jim urged Amazon to reduce headcount shortly before CEO Andy Jassy issued a memo to employees about the cuts. The anchors also reacted to comments from Kansas City Fed President Esther George, who told CNBC she sees interest rates above five percent until inflation is under control. Also in focus: Tesla shares fall on a slump in deliveries of its China-made vehicles, crypto-focused bank Silvergate Capital plummets after disclosing a plunge in deposits in wake of FTX's collapse, what to make of Wall Street's downgrade parade – and bright spots, plus Microsoft CEO Satya Nadella tells CNBC why he sees a "challenging" two years ahead for tech. by Squawk on the Street

43 min listen

Moody's Cuts China Credit Outlook, Apple Rallies, Starbucks' Cold Brew: An 11-Day Losing Streak 12/5/23: Carl Quintanilla, Jim Cramer and David Faber explored what to make of the markets extending losses after the worst day for stocks in almost a month. The anchors also reacted to Moody's cutting its China credit outlook to "negative" from "stable" -- and discussed the ramifications. The "Magnificent 7" in the spotlight: Apple jumps after Morgan Stanley says a smartphone recovery is "not yet priced into shares." Also in focus: Starbucks shares' eleven-day losing streak, "Investor Day" guidance from Johnson & Johnson and CVS Health, Nokia tumbles on news of an AT&T-Ericsson network deal, the new "Grand Theft Auto" trailer gets leaked. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Inflation Report Sparks Market Sell-off: What Should Investors Do Now? 9/13/22: Carl Quintanilla, Jim Cramer and David Faber led off with the big story of the morning: Consumer inflation data erasing a pre-market rally and sparking a sell-off. The Consumer Price Index for August up 8.3% year-over-year, moderating for a second straight month but still hotter than what most economists had be expecting. The anchors discussed how investors should react to the market moves, rate hike fears and where to find buying opportunities. Also in focus: The Twitter whistleblower heads to Capitol Hill, Starbucks' "Investor Day," J.P. Morgan sees a "soft landing," Oracle's earnings, and the executive shakeup at Peloton. by Squawk on the Street

48 min listen

The Markets' Wild Ride, What to Buy and What to Avoid, and Labor Secretary Walsh on the April Jobs Report and Economy 5/6/22: Carl Quintanilla and Jim Cramer kicked off a busy show with a look at the extension of Thursday's market sell-off, which saw the Dow fall more than 1,000 points and the Nasdaq decline five percent -- wiping out Wednesday's big relief rally. Cramer offered advice on buying opportunities in this market, what to avoid and where inflation and the Fed fit into the picture. The key April jobs report showed non-farm payrolls up a better-than-expected 428,000, while the unemployment rate remained at 3.6%. Labor Secretary Marty Walsh joined the program with White House reaction to the report, as well as his perspective on the economy, inflation and the housing market. by Squawk on the Street

46 min listen

Hotter-Than-Expected PPI, the FTC vs. Microsoft-Activision, An Exclusive With Lululemon's CEO 12/9/22: Carl Quintanilla, Jim Cramer and David Faber led off the show with market reaction to new wholesale inflation data: The Producer Price Index for November came in hotter than expected, ahead of next week's Fed decision on interest rates. David highlighted three items on investors' radar as the Federal Trade Commission seeks to block Microsoft's planned acquisition of Activision Blizzard. Lululemon CEO Calvin McDonald joined the program to discuss his company's Q3 earnings beat, the holiday quarter guidance pressuring the stock and managing pricing power in an inflationary environment. Also in focus: Costco misses, the message from RH's CEO, Broadcom shares jump, Salesforce Chairman and Co-CEO Marc Benioff defends the company's stock and FTX founder Sam Bankman-Fried said he'll testify before Congress next week. by Squawk on the Street

43 min listen

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Bracing for Jobs Friday, Costco Same-Store Sales Drop, Perlmutter Speaks Out on Disney 4/6/23

Bracing for Jobs Friday, Costco Same-Store Sales Drop, Perlmutter Speaks Out on Disney 4/6/23

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