Tech Earnings Reaction: Amazon's Cloud-y Outlook, Intel Jumps, Snap and Pinterest Plunge 4/28/23

CAT Scratch Fever, Druckenmiller Slams Yellen, Markets Oversold? 10/31/23: One day after a rebound rally on Wall Street, Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to earnings from the likes of Pfizer, Amgen and Caterpillar -- the biggest blue-chip decliner despite a quarterly beat. Cramer explained why he believes the markets are oversold. The anchors also reacted to billionaire investor Stanley Druckenmiller accusing Treasury Secretary Janet Yellen of what he called the “biggest blunder in the history of the Treasury." Also in focus: Apple's product launch including new chips, the World Bank's $157/barrel warning, Sarepta plummets, Pinterest surges, X's valuation plunge since Elon Musk bought Twitter. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Apple Jumps, Amazon Slumps, Twitter's "Musk Era" Begins and an Exclusive With Chevron's CEO 10/28/22: Carl Quintanilla, Jim Cramer and David Faber explored how investors should play big tech after the latest batch of earnings: Apple shares moved higher as better-than-expected fiscal Q4 results overshadowed iPhone sales that came in below analyst estimates, while Amazon shares tumbled on a revenue miss and holiday quarter guidance. The anchors had a wide-ranging discussion about Elon Musk taking over Twitter and ousting top executives as he takes the company private. Also in focus: An exclusive interview with Chevron Chairman & CEO Mike Wirth after the oil giant posted its second-largest quarterly profit ever, plus market reaction to earnings reports from the likes of Exxon Mobil, Intel and Pinterest. by Squawk on the Street

49 min listen

Big Tech's Big Drag, Boeing and AMD CEOs on Q4 Results, Judge Voids Musk's $56B Pay Package. 01/31/24: Carl Quintanilla and Jim Cramer discussed Alphabet and Microsoft dragging the tech sector lower, despite both companies beating on quarterly results. Were Wall Street's guidance expectations too lofty? Boeing CEO Dave Calhoun joined the program to talk about the jet maker's narrower Q4 loss -- and decision to suspend guidance in wake of its 737 MAX-9 problems. AMD CEO Lisa Su offered her take on the chipmaker's Q4 results, AI strategy and sales forecast that weighed on the stock. Also in focus: A Delaware judge strikes down Elon Musk's $56 billion Tesla pay package, Fed decision day, Starbucks' earnings rally, Byron Allen's offer to acquire Paramount Global, Walmart's 3-for-1 stock split, social media CEOs head to Capitol Hill. Squawk on the Street Disclaimer by Squawk on the Street

49 min listen

Meta and the "Tech Wreck", UAW-Ford Tentative Deal, Southwest and ServiceNow CEOs 10/26/23: Carl Quintanilla, Jim Cramer and David Faber discussed how investors should navigate the"tech wreck" on Wall Street -- with Nasdaq in correction territory, Meta shares falling despite a Q3 beat and Alphabet extending its sharp post-earnings decline. The UAW and Ford reached a tentative agreement nearly six weeks after the union began walkouts against Detroit's "Big 3" automakers. The CEOs of Southwest Airlines and ServiceNow joined the program to discuss their companies' respective quarterly results. Also in focus: Q3 GDP at 4.9% growth, earnings winners and losers, Morgan Stanley selects Ted Pick to succeed James Gorman as CEO, Silver Lake explores taking Ari Emanuel's Endeavor private. Squawk on the Street Disclaimer by Squawk on the Street

47 min listen

Earnings Parade, First Republic Tumbles on Deposit Woes, Exclusive With Dow CEO 4/25/23: Carl Quintanilla, Jim Cramer and David Faber discussed what to make of a deluge of earnings reports -- including results from Dow components McDonald's, 3Mand Verizon. General Motors, General Electric and UPS also in the mix. Dow CEO Jim Fitterling joined the program exclusively to discuss his company's quarterly results. Shares of First Republic sank and weighed on regional banks after it reported a more than $100 billion plunge in deposits in Q1. Sources told David the next few days are crucial for First Republic. Also in focus: After-the-bell earnings due out from Microsoft and Alphabet. Squawk on the Street Disclaimer by Squawk on the Street

45 min listen

U.S. to Nvidia and AMD: Halt Top AI Chip Sales to China, Tech Leads More Selling, and An Exclusive With Campbell Soup's CEO. 9/1/22: After a rough August for stocks, Carl Quintanilla, Jim Cramer and David Faber explored where investors should put their money in September, with the major indices in the midst of a four-session losing streak on interest rate fears. Chip stocks under pressure after Nvidia and AMD said the U.S. imposed new licensing rules -- and told them to stop exporting and selling their top artificial intelligence chips to China. Campbell Soup shares down sharply in reaction to the company's quarterly results and guidance. CEO Mark Clouse joined the show exclusively to discuss earnings, inflation, pricing power and the supply chain. Also in focus: What's pressuring the biggest losers in the tech sector, crude oil slides, and U.K regulators scrutinize the Microsoft-Activision deal. by Squawk on the Street

44 min listen

Fed Summit Kicks Off, Guidance Hits Salesforce and Nvidia, Snowflake Heats Up and Peloton's $1.2B Loss. 8/25/22: Carl Quintanilla, Jim Cramer and David Faber led off the show with reaction to big tech earnings: Shares of Salesforce and Nvidia each down sharply on guidance that overshadowed both companies' quarterly results. The Fed also in the spotlight as the Jackson Hole Economic Symposium gets underway ahead of Friday's much-anticipated speech by Fed Chair Jerome Powell. The anchors discussed what Kansas City Fed President Esther George told CNBC about the state of inflation. Also in focus: Peloton shares tumble after the company missed expectations with a $1.2 billion quarterly loss, Snowflake shares surge on the cloud data platform's revenue beat, Tesla's 3-for-1 stock split goes into effect, and Amazon shutting down its telehealth service. by Squawk on the Street

43 min listen

3-Week Win Streak Watch, AMAT Slumps on Probe Report, Musk Backlash 11/17/23: Carl Quintanilla, Jim Cramer and David Faber explored what's ahead for the markets, with major indices on track to achieve their first three-week win streak since summer. Shares of Applied Materials down sharply: The chip equipment maker said to be the subject of a U.S. criminal probe regarding its shipments to China. The anchors also reacted to the backlash against Elon Musk after his response to an antisemitic post on X -- and IBM pulls its ads from that platform. What's at stake for Tesla? Also in focus: Gap soars on earnings, Apple reportedly delays its modem chip for the iPhone, AI roundup including Google, how low can oil prices go? Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Markets Rebound and Gas Prices Fall, Apple and Tech Hiring Slowdowns, the Twitter-Musk Court Date and “Big Blues” for IBM shares 7/19/22: Carl Quintanilla, Jim Cramer and David Faber discussed the rebound in stocks following Monday's market decline. The impact of the stronger dollar also in the spotlight as IBM shares fall despite a quarterly beat. The anchors also reacted to a report stating Apple plans to slow hiring and spending growth next year. Cramer lists the various factors investors should focus on in this market. Also in the mix: Reaction to Johnson & Johnson earnings, gasoline prices fall to two-month lows, Twitter vs. Elon Musk and what to expect from their first court hearing, Warren Buffett's Berkshire Hathaway boosts its stake in Occidental Petroleum, a preview of Netflix's after-the-bell earnings, plus bitcoin on the rebound. by Squawk on the Street

43 min listen

April Jobs Report and Apple Combine to Spark Market Rally 5/3/24: Carl Quintanilla, Jim Cramer and David Faber covered all of the bases on Friday's stock market rally. The two main catalysts: The April employment report shows the economy created fewer jobs than expected, fueling investor hopes for a Fed rate cut. Apple shares surged as the company's Q2 earnings beat, guidance and record $110 billion share buyback program overshadowed a decline in revenue and iPhone sales. What does it all mean for big tech? Also in focus: A "Faber Report" on the Paramount deal saga, Amgen soars, earnings winners and losers, Cramer reacts to the New York Knicks eliminating the Philadelphia 76ers from the NBA Playoffs. Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

More Bank Earnings, Apple Under Pressure, $35B M&A Deal, Cramer's "Wild" NFL Weekend. 01/16/24: Carl Quintanilla, Jim Cramer and David Faber led off the program with quarterly results from Goldman Sachsand Morgan Stanley. Cramer had a lot to say about investor reaction to the big banks' numbers. Jim also spoke out about Capitol Hill lawmakers' $78 billion tax deal -- which includes major breaks for businesses. The anchors discussed Apple shares falling after the company cut iPhone prices in China. The NFL also in the spotlight: Highlights from Jim's weekend appearance on NBC's pre-game coverage of Miami Dolphins vs. Kansas City Chiefs, Peacock's exclusive coverage of that NFL Wild Card game sets a streaming record and Jim's Philadelphia Eagles were eliminated from the playoffs. Also in focus: Boeing tumbles on a downgrade, Elon Musk's comments regarding Tesla ownership and AI, Synopsys' $35 billion cash-and-stock deal to acquire design software maker Ansys. **Disclosure: Peacock is by Squawk on the Street

44 min listen

Powell Watch, Rotten Apple, OpenAI Fires Back at Elon Musk 3/6/24: With stocks coming off their worst session in three weeks, Carl Quintanilla, Jim Cramer and David Faber set the stage for day one of Fed Chair Jerome Powell's congressional testimony on monetary policy. The anchors also discussed Apple shares extending losses after their worst two-day decline since September, while Tesla's stock slump continued on news of a price target cut from Morgan Stanley’s Adam Jonas. Also in focus: OpenAI strikes back at Elon Musk after his lawsuit against the startup, Microsoft engineer's AI warning, CrowdStrike soars, Disney's streaming strategy. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

All About Records, Twitter Soars/Peloton Plummets & No (Casper) Sleep Till Public: Carl Quintanilla, David Faber & Jim Cramer discuss the record rally for stocks, Wall Street dismissing potential virus headwinds as both the Dow and S&P hit all-time highs, before pulling back. Plus, a tale of two tech stocks: Twitter soaring on strong user numbers, Peloton plummeting on a widening loss and slowing revenue. And Casper Sleep set to make its debut at the NYSE, pricing at the low end of the range, and far from its unicorn dreams. by Squawk on the Street

43 min listen

JPM a Big Bank Earnings Winner, Boeing Shares Slide, Weak Retail Sales 4/14/23: Carl Quintanilla, Jim Cramer and David Faber broke down the earnings from banks including JPMorgan Chase, Citi and Wells Fargo -- along with BlackRock and regional player PNC -- and how the recent banking turmoil fits into the picture. JPM shares topped both the S&P 500 and the Dow, but Boeing shares took a hit. The jet makerwarned it will likely reduce 737MAXproduction and deliveries,due to a parts issue involving supplier Spirit Aerosystems-- whose shares fell by double digits. Also in focus: March retail sales declined by 1% -- twice as weak as economists had been expecting, UnitedHealth's Q1 beat and raised guidance, plus what’s behind the slump in EV stocks. The cast and creators of Amazon's "The Marvelous Mrs. Maisel" joined Carl on the NYSE floor after ringing the opening bell. Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

Stocks Hit Record Highs on Jobs Report, Nvidia and the "Green" Chips, Apple's Unlucky Seven. 3/8/24: Carl Quintanilla, Jim Cramer and David Faber discussed the S&P 500 and Nasdaq rising to fresh all-time highs following the release of the government's February employment report. What does it all mean for the Fed? The anchors explored the big moves in tech: Nvidia leading the chip sector's record run and narrowing the valuation gap with Apple -- which entered Friday's trading session with a seven-day losing streak. Also in focus: A bullish call on GE, Lilly's obesity drug rally takes a detour, a tale of two retailers, Broadcom vs. Marvell, TikTok ban talk, "State of the Union" speech reaction. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Tech’s Tough Week, Reaction to Apple's Two-Day Slump, Goldman Sachs CEO Exclusive 9/8/23: Carl Quintanilla and Jim Cramer wrapped up a holiday-shortened week with a look ahead for themarkets, especially in the tech sector. The Nasdaq entered Friday’s session in the midst of a four-day losing streak. The anchors reacted to Wall Street analyst notes about Apple shares falling 6% over two days -- in wake of headlines surroundingChina and the iPhone. Also in focus: David Faber's exclusive interview with Goldman Sachs CEO David Solomon, the United Auto Workers called General Motors 10% wagehike offer "insulting" ahead of next week's strike deadline, used car price inflation data, the Disney-Chartercable fee standoff, the Lions-Chiefs NFL season opener. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Final Trading Day of May: Nasdaq's AI Rally, Debt Ceiling Vote Watch, China's Bear Market 5/31/23: Carl Quintanilla Jim Cramer and David Faber had lots to discuss on the final trading day of May: A strong month for the Nasdaq fueled by AI. The debt ceiling deal heads for a full House vote after clearing a key procedural hurdle. Chinese stocks are back in bear market territory as economic reports disappoint the markets. JPMorgan Chase CEO Jamie Dimon sends a message to Washington and Beijing during his visit to China. Also in focus: Shares of Advance Auto Parts plummet, a rough May for crude oil, earnings winners and losers, the upcoming Microsoft-Activision trial in the UK. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Apple Loses Its Crown, Disney "Minus", Beyond Meat Beatdown, The Coinbase-Bitcoin Blues, and Market Bright Spots 5/12/22: With the Dow in the midst of a five-day losing streak, Carl Quintanilla and Jim Cramer focused on market volatility and pressure, especially on the tech sector as Apple loses the title of "world's most valuable company" to Saudi Aramco. Where can you find value in this market? Also, Disney shares fall after the company posts an earnings miss despite bigger-than-expected streaming subscriber growth for Disney+. Cramer sounds off about Wall Street's reaction to Disney's earnings call. The anchors also weighed in on Beyond Meat's weaker-than-expected quarterly results, sending the stock below its 2019 IPO price. Also in focus: Producer price inflation at 11%, Coinbase and bitcoin extend losses, double downgrades for Ford and GM, plus what's driving gains among names in the retail sector. by Squawk on the Street

43 min listen

Markets Rally, Apple Beats, Jobs Jump and Regional Banks Rebound 5/5/23: Carl Quintanilla, Jim Cramer and David Faber explored what investors should make of Friday's market rally after four days of selling. Both Apple's earnings and the government's April jobs report beat expectations, easing concerns about the possibility of a recession. Regional banks were in rebound mode, recouping some of this week's steep losses that were sparked by renewed worries about the group. Also in focus: Warner Bros. Discovery's quarterly loss and streaming profit, Lyft tumbles, Icahn vs. Hindenburg, plus reaction to travel earnings from Expedia and Booking Holdings. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Big Earnings Movers: Microsoft Jumps, Alphabet Slumps, Boeing CEO Exclusive 10/25/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with mega-tech earnings: Microsoft shares jumped on a quarterly beat while Alphabet fell sharply despite beating on the top and bottom lines. The anchors discussed how the cloud and AI made the difference in both cases. Boeing CEO Dave Calhoun joined the program to discuss his company's results - and the stock's rise in the face of a wider-than-expected Q3 loss. Also in focus: What to expect from Meta's after-the-bellresults, earnings movers including Visa and T-Mobile US, Wall Street calls on Apple, an update on the Israel-Hamas War. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Apple Hits Record High Ahead of WWDC, Market Momentum vs. Bears, Saudis to Cut Oil Output Again 6/5/23: Carl Quintanilla, Jim Cramer and David Faber focused on a big day for Apple: The stock hit a fresh record intraday high just hours ahead of the company's Worldwide Developers Conference. Apple is expected to unveil its new mixed-reality headset, which would set up a battle with Meta. The anchors also explored what's next for the markets after Friday's jobs report-fueled rally. Is an increase in bearish sentiment a sign of things to come? Cramer discussed how to play the retail sector as the consumer is "decelerating." Also in focus: Saudi Arabia's additional crude oil output cuts, the strategist who sees a $2 trillion market cap in Nvidia's future, Jerome Powell goes from Fed head to "Deadhead." Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Tech Tumbles: Apple Extends Stock Slump on Reports of a China Government iPhone Ban 9/7/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with Apple extending this week's losses: Shares hurt by published reports stating China plans to broaden its ban of iPhone usage by government officials. The anchors explored whether now is the time to buy mega-tech names, as the Nasdaq entered Thursday's session in the midst of a three-day losing streak. At the Goldman Sachs "Communacopia" conference in San Francisco, David highlighted comments made at the event by Warner Bros. Discovery CEODavid Zaslav. Also in focus: Crude oil's nine-session win streak, the streaming wars as the NFL season kicks off, auto industry labor strife, Boeing's 737 MAX delivery guidance, CNBC's "Fast Money" rings the Nasdaq opening bell. Squawk on the Street Disclaimer by Squawk on the Street

44 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

Fed Ahead of the "Hole", Housing Cooldown Worries and Retail Detail: Bed Bath Surges and Nordstrom Tumbles. 8/24/22: Carl Quintanilla, Jim Cramer and David Faber discussed markets, the Fed and potential rate hikes ahead of the Jackson Hole Economic Symposium set to begin on Thursday. The anchors reacted to Minneapolis Fed President Neel Kashkari's biggest fear when it comes to battling inflation. Housing cooldown concerns also in the spotlight after luxury homebuilder Toll Brothers lowered full-year deliveries guidance. Carl, Jim and David covered the bases on retail, including shares of Bed Bath & Beyond surging on a report stating the company had reached a financing pact, while Nordstrom shares tumbled on the department store chain’s outlook. Also in focus: Peloton strikes a deal to sell products on Amazon, T-Mobile U.S. nearing Verizon's market cap, a preview of after-the-bell earnings from Salesforce, Nvidia and Snowflake, plus David on Elon Musk vs. Twitter and what to expect from by Squawk on the Street

42 min listen

Markets After Tech's Rough Week, Big Earnings Calendar, Tesla Price Cuts 4/22/24: Carl Quintanilla, Jim Cramer and David Faber discussed stocks trying to rebound after six straight days of losses for both the S&P 500 and Nasdaq. The "Magnificent 7" lost nearly $1 trillion in market cap last week. Cramer explained why investors should pay close attention to moves in the bond market. Also in focus: Big tech on this week's busy earnings calendar, Tesla car price cuts put further pressure on the stock, Verizon earnings, the House-passed bill that could ban TikTok in the U.S., no Salesforce-Informatica deal, Paramount M&A update, Ken Griffin's Citadel reportedly blasts Trump Media's CEO as a "loser." Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

Market Sell-off: Earnings Misses for JPM and Morgan Stanley, Rate Hike Fears and Double-Digit Wholesale Inflation. 7/14/22: Carl Quintanilla, Jim Cramer and David Faber delved into the catalysts that sparked Thursday's sell-off: The Producer Price Index for June jumped 11.3% from year-ago levels, reigniting worries about a potential one percent Fed interest rate hike. The anchors also reacted to JPMorgan Chase and Morgan Stanley each missing Wall Street expectations with their second-quarter results. Carl, Jim and David discussed what JPM CEO Jamie Dimon said on the company's earnings call about the health of the consumer. Also in focus: Taiwan Semiconductor's earnings beat, Intel reportedly set to hike prices, Warren Buffett buys more Occidental Petroleum, Twitter vs. Elon Musk and a preview of "Mad Money" moving Monday to the NYSE. by Squawk on the Street

43 min listen

Inflation Watch, Apple iPhone 15 Reaction, Big Tech CEOs at Capitol Hill AI Forum 9/13/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with reaction to August CPI data ahead of next week's Fed decision on interest rates. The anchors explored how gasoline prices, retail and housing fit into the market picture. They also discussed Wall Street analysts' new calls on Apple following its product launch event including the new iPhone 15 lineup. Also in focus: Major tech CEOs including Elon Musk, Mark Zuckerberg and Jensen Huang arrive on Capitol Hill for an AI forum with lawmakers, what Salesforce CEO Marc Benioff told Cramer about AI, the UAW and Detroit's "Big 3" automakers continue negotiations as a strike deadline looms. Squawk on the Street Disclaimer by Squawk on the Street

47 min listen

Morning After the Sell-off, Twitter Whistleblower Allegations, Palo Alto Surges, Zoom Tumbles and Macy's Beats. 8/23/22: Carl Quintanilla, Jim Cramer and David Faber discussed what's ahead for stocks after the worst one-day performance for the markets since mid-June. Cramer explained how investors should navigate a "bipolar market." The anchors also reacted to an explosive whistleblower complaint by a former cybersecurity chief at Twitter -- news first reported by the Washington Post and CNN. He accuses Twitter of various egregious security flaws and oversights. Also in focus: Elon Musk subpoenas former Twitter CEO Jack Dorsey, Palo Alto and Macy's beat the street, "meme stock madness" one day after AMC's "APE" debut, Zoom tumbles on lowered guidance, and Intel teams up with Brookfield in a $30 billion chip factory investment deal. by Squawk on the Street

43 min listen

Markets & Earnings: Netflix Surges, P&G Beats, United Shares Take Flight, But Yields Also Rise. 10/19/22: After a two-day market rally, Carl Quintanilla, Jim Cramer and David Faber led off the show with Netflix shares surging on much bigger-than-expected subscriber growth. Is the worst over for the stock? The anchors also reacted to earnings beats from the likes of Procter & Gamble, Travelers and United Airlines -- the legacy carrier also raising guidance due to stronger travel demand. The anchors explored what investors should make of Wednesday’s market tug-of-war, with rising bond yields offsetting upbeat earnings news. Also in focus: Fed presidents on inflation and rate hikes, bracing for Tesla's after-the-bell earnings, what Third Point's Dan Loeb told David about Disney, Adobe jumps and Generac tumbles. by Squawk on the Street

43 min listen

Earnings Movers, Bracing for Tesla's Q1 Results, Apple's iPhone Challenges in China. 4/23/24: After Monday's rebound rally in stocks, Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to a slew of earnings reports: General Motors and GE Aerospace among the biggest gainers. The anchors also explored what to expect from Tesla's much-anticipated quarterly results due out after Tuesday's close of trading -- with the stock down more than 40% so far this year. Also in focus: New data show Apple iPhone sales in China down 19% in Q1, Spotify surges, Warner Bros. Discovery downgraded, the FTC sues to block the $8.5 billion merger between Coach parent Tapestry and Capri Holdings -- home to brands including Michael Kors. Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

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Tech Earnings Reaction: Amazon's Cloud-y Outlook, Intel Jumps, Snap and Pinterest Plunge 4/28/23

Tech Earnings Reaction: Amazon's Cloud-y Outlook, Intel Jumps, Snap and Pinterest Plunge 4/28/23

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