Inflation & Earnings, Citi Downgrades U.S. Stocks, Twitter vs. Threads 7/10/23

Big Banks Report, Dow Record High, Delta Flies Lower 01/12/24: Carl Quintanilla and Jim Cramer began the show by breaking down the big bank earnings with JPMorgan, Wells Fargo, Bank of America and Citi all reporting results. JPMorgan’s profit fell for the fourth quarter after paying a $2.9 billion fee tied to the government seizures of failed regional banks last year. The anchors then shifted to the week’s second batch of inflation data, after wholesale prices unexpectedly declined in December, providing a positive signal for inflation. Other headlines this hour included: Delta Air Lines shares falling after trimming its 2024 earnings forecast, and Bitcoin ETFs seeing $4.6B in volume in their first day of trading. Squawk on the Street Disclaimer by Squawk on the Street

43 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

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

Hot PPI, Retail Sales Miss, Mnuchin Talks Buying TikTok, Tesla Valuation Slides Below JPM 3/14/24: Carl Quintanilla, David Faber and Mike Santoli led off the show with market reaction to key February data ahead of next week’s Fed meeting: The Producer Price Index showed hotter-than-expected wholesale inflation, while retail sales missed economists' forecasts. The anchors also reacted to what former Treasury Secretary Steven Mnuchin told CNBC: He plans to form an investor group to buy TikTok. How low can Tesla go? This year's worst performer on the S&P 500 slipped below JPMorgan Chase in terms of market cap. Also in focus: Kevin Plank returns to Under Armour as CEO, retail earnings roundup, BofA lifts its price target on Nvidia, remembering former Time Warner CEO Gerald Levin. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Inflation Data and Regional Banks' Rebound Fuel Rally, Treasury on SVB Fallout, Meta to Cut 10,000 More Jobs. 03/14/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with key inflation data that helped to boost the markets: The February Consumer Price Index came in as expected at 6% year-over-year -- down from 6.4% in January. The results sparked investor hopes of a smaller rate hike by the Fed next week. As for the fallout from Silicon Valley Bank’s collapse: Regional bank stocks began to rebound after days of massive selling -- and a senior Treasury official told CNBC that the deposits of uninsured depositors in banks across the U.S. are safe. Also in focus: Meta's plan to cut an additional 10,000 jobs -- and what CEO Mark Zuckerberg told his employees about the layoffs. 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

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

Stocks Slide Into Bear Market Territory, Crypto Gets Crushed, and a CNBC Exclusive with Coca-Cola's CEO. 06/13/22: Carl Quintanilla, Jim Cramer and David Faber stayed on top of the extended market sell-off which sent the S&P 500 into bear market territory -- down more than 20% from its record close in January. What should investors do now? The anchors also discussed what's driving cryptocurrency to double-digit losses and Bitcoin below 24,000 to a fresh 18-month low. In a CNBC Exclusive, Jim interviewed Coca-Cola CEO James Quincey about price increases amid inflation, supply chain issues and the company's new Jack Daniel's and Coke cocktail. Also in focus: Goldman Sachs and Morgan Stanley's calls on S&P 500 targets, plus Coinbase and MicroStrategy caught in the crypto downdraft. by Squawk on the Street

49 min listen

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

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

Nvidia Rally Rolls On, Buffett's Message to Investors, Stocks’ Record Run: What’s Next? 2/26/24: Carl Quintanilla, Jim Cramer and David Faber led off the show by exploring the AI boom: Nvidia extends its rally after posting a blowout quarter and hitting a $2 trillion valuation on Friday. The anchors discussed what's on tap for the markets this week, as the Dow and S&P 500 aim to achieve fresh record highs. Also in focus: Warren Buffett's annual letter to Berkshire Hathaway shareholders along with the company's earnings and record cash hoard, Amazon enters the Dow, Walmart's 3-for-1 stock split goes into effect, Cramer held court at the CNBC Investing Club’s annual meeting on Saturday. by Squawk on the Street

42 min listen

Retail Sales Surge, China's Surprise Rate Cut, Fitch Warns On Banks 8/15/23: Carl Quintanilla, David Faber and Jim Cramer discussed stocks under pressure after China's central bank announced a surprise rate cut, in wake of disappointing economic data in that country. Jim explained why investors should focus on the "good ole USA" instead of China's economy. Fed rate fears also weighed on the markets after government retail sales data for July beat expectations. Home Depot's quarterly results also exceeded consensus estimates. Also in focus: Fitch told CNBC it may be forced to downgrade banks, Warren Buffett's Berkshire Hathaway bets on homebuilders, the Nvidia rally, a provocative Financial Times headline about Cramer. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

CEO at Post 9 on IPO Market's Big Thursday, Banks' Stress Test Rally, Micron Beats 6/29/23: Carl Quintanilla, David Faber and Mike Santoli highlighted a big Thursday for the IPO Market. Thrift shop operator Savers Value Village, Kodiak Gas Services and Fidelis Insurance all going public with listings on the NYSE. The CEO of Savers joined the program at Post 9 to discuss his company's debut. The anchors discussed the rally in the financial sector after 23 banks passed the Fed's stress test. Also in focus: Micron posts a quarterly beat and rides the AI boom, Apple's march toward a $3 trillion valuation, Disney gets downgraded, FTC vs. Microsoft-Activision update. 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

Markets Rebound, Fed Tug-of-War, Cathie Wood's Recession View and Bitcoin Back Above $20K 9/27/22: The morning after the Dow slumped into bear market territory, Carl Quintanilla, Jim Cramer and David Faber discussed the markets looking to snap a five-session losing streak -- this as some Fed policymakers don't see eye-to-eye on how aggressively to hike rates. Cramer outlined what it would take for the bulls to feel comfortable in this environment. The anchors reacted to Ark Invest CEO Cathie Wood telling CNBC "We believe we are in recession." Also in focus: Bitcoin rises back above $20,000, the tech IPO drought, lots of electric vehicle news, Biogen's $900 million settlement and Hurricane Ian's impact on "big oil" production. by Squawk on the Street

43 min listen

A Week for the Bulls to Cheer About, Big Moves in Retail, SPACs Slump and the SEC's Eyes on Elon Musk 5/27/22: Carl Quintanilla, David Faber and Leslie Picker explored this week's market gains: The Dow on track to end an eight-week losing streak, with the S&P and Nasdaq each poised to end seven straight weeks of losses. Sentiment on Friday helped by stronger-than-expected consumer spending data and a key indicator which shows inflation might have peaked. The anchors reacted to a new batch of retail earnings: Shares of Gap and Big Lots tumbled, while Costco and Ulta Beauty moved higher. Citi U.S. Equity Strategist Scott Chronert joined the program to discuss market volatility and his views about a potential recession. Also in focus: The SEC's letter to Elon Musk about his early Twitter stake, Dell among the tech winners, and the blank-check bubble bursts for SPACs by Squawk on the Street

43 min listen

Markets Rally, BofA's Earnings Beat, Apple Named a "Top Pick" and Murdoch Weighs Reuniting Fox, News Corp. 10/17/22 by Squawk on the Street

43 min listen

New Record Highs, Nvidia Joins the $2T Club, Slide and a Miss for Warner Bros. Discovery 2/23/24: The morning after the best day for stocks in more than a year, Carl Quintanilla and Jim Cramer discussed what to make of the markets' upward momentum: The Dow and S&P 500 jumping to new all-time intraday highs and Nvidia hitting a $2 trillion valuation for the first time -- overshadowing Fed officials continuing to stress holding off on rate cuts for now. The anchors reacted to Warner Bros. Discovery shares falling on a Q4 miss despite posting a streaming profit for 2023. Also in focus: Square parent Block and Carvana soar, upgrades and downgrades, White House sanctions against Russia, Reddit files to go public, Jim previews the CNBC Investing Club's Annual Meeting which takes place on Saturday. Squawk on the Street Disclaimer by Squawk on the Street

42 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

Market Selloff Accelerates to Start the Week, Rivian Plunges as Lockup Expires, Uber CEO Memo on Company Plans 5/9/22: Carl Quintanilla & Jim Cramer discuss the market selloff intensifying to start the week. The S&P 500 tumbling to a new low for the year. Minneapolis Fed President Neel Kashkari’s commenting on inflation, saying he’s confident it will come back to the central bank’s 2% target, but not without some pain. David Faber breaking news that Ford is selling 8 million of its 102 million share stake in Rivian, according to his sources. Shares of the EV maker getting hammered on the news. The moves comes as the insider lockup period for selling the stock expires. Uber moving lower after CNBC obtained a staff email saying the company plans to slash spending on marketing, incentives and will be deliberate when adding workers. Uber CEO Dara Khosrowshahi saying, “After earnings, I spent several days meeting investors in New York and Boston… It’s clear that the market is experien by Squawk on the Street

43 min listen

Inflation Watch Day 2, Alphabet and Microsoft Spark Tech Rally, Exclusive: Micron and Chevron CEOs 4/26/24: One day after rate fears weighed on stocks, Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to the Fed's favorite inflation measure: March Core PCE came in slightly above consensus forecasts on a year-over-year basis. The anchors also engaged in a wide-ranging discussion about Alphabet and Microsoft lifting the tech sector. Both companies posted Q1 beats amid their AI push. A CEO doubleheader: Micron's Sanjay Mehrotra joined the program at Post 9 to discuss being awarded up to $6.1 billion in CHIPS Act grants. Chevron's Mike Wirth offered his take on earnings, oil and natural gas prices and his company's deal to acquire Hess. Also in focus: Snap soars, Intel tumbles. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Big Banks' Earnings Beats, Exclusive With BlackRock CEO Larry Fink 7/14/23: Carl Quintanilla, Jim Cramer and David Faber began the show with big banks kicking off earnings season: JPMorgan Chase, Wells Fargo and Citigroup led the financial sector higher after posting better-than-expected second-quarter results. Should you buy the banks now? BlackRock Chairman & CEO Larry Fink joined the anchors at Post 9 for an exclusive interview. Hear what the head of the world's largest asset manager had to say about a jump in earnings and inflows, inflation and the economy, AI, the investment climate, crypto regulation and energy M&A. Also in focus: The S&P above 4500, UnitedHealth rises on earnings, AT&T shares extend their slump on a downgrade, the future for Disney. Squawk on the Street Disclaimer by Squawk on the Street

47 min listen

Second Half of Trading, Tech’s Belt Tightening, Kohl’s Crushed 7/01/22: Carl Quintanilla, Leslie Picker and Mike Santoli began the hour by breaking down how investors can navigate the markets for the second half of the year, after the S&P suffered its worst first half in decades. “The Big Short” investor Michael Burry, known for calling the subprime mortgage crisis, warned investors that 2022′s market turmoil is only half finished. The economic uncertainty also led to Meta Platforms joining the growing list of tech companies scaling back their hiring plans. According to a report from Reuters, in an employee Q&A session, Mark Zuckerberg warned that it might be “one of the worst downturns we’ve seen in recent history.” Also in the mix: Kohl’s shares got crushed after ending talks to be bought by Vitamin Shoppe parent Franchise Group. by Squawk on the Street

44 min listen

Bitcoin bounces back, a growing retirement crisis?, and a rare policy change: Impeachment, rising rates, surging virus cases and high unemployment…and the market still isn’t slowing down. And Bitcoin is headed higher again after tanking earlier in the week. We’ll talk all of that and more with Guggenheim’s Scott Minerd. Plus, new data shows millions of Americans are pulling money out of their retirement funds. But what are they doing with it? We’ll explore. And, the FAA just issued a special order to deal with unruly flyers in the wake of last week’s riots on Capitol Hill. We’ll give you all the details. by The Exchange

40 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

Disney CEO Iger Exclusive, Markets' "Inflation Rally," Delta and PepsiCo Earnings Beats 7/13/23: Carl Quintanilla, Jim Cramer and David Faber engaged in wide-ranging discussions about highlights from David's exclusive interview with Disney CEO Bob Iger in Squawk Valley, Idaho -- everything from the company extending Iger's contract to serve as CEO through 2026 to the challenges facing the media giant. The anchors also discussed the markets extending their rally on another batch of inflation data: June PPI coming in cooler than expected after Wednesday's CPI was tamer than consensus estimates. Also in focus: Delta and PepsiCo each beating on quarterly results and raising guidance, The FTC to appeal a judge's ruling on the Microsoft-Activision deal, Amazon "Prime Day" numbers, Exxon Mobil to buy carbon dioxide pipeline company Denbury for $4.9 billion in stock. Squawk on the Street Disclaimer by Squawk on the Street

44 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

Bulls’ Market Week to Forget, Baron Sees Buys, Adobe's Beat Not Good Enough, Musk's Twitter Meeting, and Chinese Stocks Ant-e Up 06/17/22: With the S&P 500 at an 18-month low following Thursday's big sell-off, Carl Quintanilla, Jim Cramer and David Faber discussed stocks trying to shrug off recession fears with the broader markets on track for their worst week since 2020. The anchors reacted to billionaire investor Ron Baron telling CNBC the June slump represents a once-in a generation buying opportunity. They also drilled down on tech's rough week, including Adobe shares falling despite better-than-expected quarterly results. Also in focus: This week's profit-taking in the energy sector, the FDA approves COVID-19 vaccines for younger children, Elon Musk's meeting with Twitter employees, Chinese stocks such as Alibaba rally on a report involving Jack Ma's Ant Group. by Squawk on the Street

44 min listen

BlackRock CEO Fink's Message to Investors, Baltimore Bridge Collapse, Trump Media Shares Soar 3/26/24: Carl Quintanilla and Jim Cramer began the show with Larry Fink's annual letter to investors, in which the BlackRock CEO warns of a crisis when it comes to saving for retirement. The anchors discussed what he told Jim in an interview set to air on "Mad Money" Tuesday night. Also in focus: The Francis Scott Key Bridge collapse in Baltimore, Truth Social parent Trump Media & Technology Group soars after beginning trading under ticker symbol DJT, Reddit continues to rally after its own public debut last week, mega-tech roundup, UPS' growth strategy, should GE CEO Larry Culp be Boeing's next leader? Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

Extending Gains, The Fed's $2.3 Trillion Move, Treasury Secretary Mnuchin on "Squawk on the Street": Carl Quintanilla, Jim Cramer and David Faber discuss the jump in stocks after the Federal Reserve gave more details on how it's going to be supporting the economy amid the coronavirus pandemic. The Fed unveiling details of $2.3 trillion in programs. The Fed's announcement was enough to outweigh another massive jump in weekly jobless claims. More than 6 million Americans filed for unemployment benefits last week. Plus, Treasury Secretary Steven Mnuchin says as soon as the President feels comfortable, American companies can reopen for business. by Squawk on the Street

50 min listen

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Inflation & Earnings, Citi Downgrades U.S. Stocks, Twitter vs. Threads 7/10/23

Inflation & Earnings, Citi Downgrades U.S. Stocks, Twitter vs. Threads 7/10/23

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