Big Earnings Week, Tesla vs. Ford, AT&T Extends Stock Slide to 30-Year Lows 7/17/23

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

Stocks Under Pressure, 3M's Massive Settlement, Zuckerberg vs. Musk: "Dead Serious" 6/23/23: Carl Quintanilla, Jim Cramer and David Faber discussed stocks pulling backat the end of a holiday-shortened week, with the Nasdaq and Nasdaq 100 on track for their worst week since April. Jim explained why he doesn't believe the selling is over. On the flipside, 3M shares rose after the Dow component agreed to pay up to $12.5 billion to settle hundreds of lawsuits by citieswho said the company's "forever chemicals" contaminated their drinking water. The anchors reacted to comments by UFC President Dana White, who said Mark Zuckerberg and Elon Musk are "dead serious" about fighting in a cage match. Also in focus:the biggest market movers, why CarMax topped the list of S&P 500 gainers, the FTC vs. Microsoft-Activision trial day two, numbers on Amazon and the consumer. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Tesla "AI Mojo" Upgrade, Qualcomm-Apple Chip Deal, A Busy Market Week 9/11/23: Carl Quintanilla, Jim Cramer and David Faber reacted to market-moving news out of the tech sector: Tesla was named a "top pick" by Morgan Stanley analyst Adam Jonas, who upgraded the stock to "Overweight" and hiked his price target to $400 from $250. Jonas said he believed Tesla's "Dojo" supercomputer will unlock the company's "AI mojo." Qualcomm shares jumped on news of its deal to supply Apple with 5G chips until 2026. In San Francisco, Cramer discussed what he's expecting from Salesforce's "Dreamforce" conference beginning Tuesday. The anchors also explored what will be a busy week of developments for the markets to digest -- including key inflation data, Apple's expected iPhone 15 launch and a potential UAW strike against Detroit automakers. The NYSE and Nasdaq each observed a moment of silence, honoring the victims of 9/11 on the 22nd anniversary of the terror attacks Squawk on the Street Disclaime 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

Markets and the Israel-Iran Conflict, Netflix Slumps, New Woes for Tesla 4/19/24: Carl Quintanilla and Jim Cramer discussed what to make of the markets trying to shrug off Israel's early Friday retaliatory strike against Iran -- with the S&P 500 and Nasdaq in the midst of five-session losing streaks. The anchors also reacted to Netflix shares down sharply, as soft Q2 revenue guidance overshadowed a Q1 beat and 9.3 million additional subscribers. Tesla to recall nearly 3,900 Cybertrucks -- as the stock tries to stave off a sixth consecutive day of losses. Also in focus; Earnings from Procter & Gamble and American Express, Paramount surges on buyout bid reports, the latest challenges for Apple in China, Meta CEO Mark Zuckerberg on AI investment, why Trump Media shares continue to rebound. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Powell's Rate Message and the Markets, United Soars, "Mag 7" CEOs in the Spotlight 4/17/24: With the S&P 500 and Nasdaq in the midst of 3 day-losing streaks, Carl Quintanilla, Jim Cramer and David Faber discussed the markets digesting Tuesday's comments from Fed Chair Powell, who suggested interest rates could remain higher for a longer period. The anchors also reacted to United Airlines shares surging after the company posted quarterly results. CEOs of "Magnificent 7" companies in the news: Apple's Tim Cook in Indonesia considering manufacturing in that country, Tesla urges shareholders to ratify Elon Musk's 2018 pay package, Nvidia's Jensen Huang makes the "Time 100" list. Also in focus: President Biden calls for higher tariffs on Chinese steel, the stock dragging the chip sector lower, lap of luxury, Boeing's woes and the whistleblower, Paramount deal update. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

It's October! Stocks and Oil Surge, Tesla Falls, Credit Suisse On Defense and Kim Kardashian Settles SEC Charges 10/3/22: Carl Quintanilla, Jim Cramer and David Faber explored the market rally kicking off the first trading day of October. The anchors reacted to the latest calls by equity strategists at Morgan Stanley, Goldman Sachs and Citi. Crude oil and energy stocks jumped on reports OPEC+ countries are mulling an oil output cut. Also in focus: Tesla shares fall despite record third-quarter deliveries, Credit Suisse's CEO tries to reassure investors amid a stock slide, The UK prime minister's tax cut U-turn, and Kim Kardashian agrees to pay the SEC more than $1 million to settle charges linked to a crypto promo on her Instagram. by Squawk on the Street

43 min listen

Market Momentum, New FTC and DOJ Merger Guidelines, Waiting for Netflix and Tesla 7/19/23: Carl Quintanilla, Jim Cramer and David Faber discussed the markets extending their rally that sent stocks to highs not seen since April 2022. The anchors explored what to expect from Netflix and Tesla quarterly results due out after the after Wednesday’s close of trading -- and reacted to mixed Q2 results from Goldman Sachs. M&A in the spotlight: The FTC and DOJ released a draft of revised merger guidelines which explain how the agencies "identify potentially illegal mergers." Also in focus: Microsoft-Activision merger deadline extended to October, Carvana soars, shares of AT&T and Verizon get a much needed boost in wake of lead cable exposure concerns, Cramer as a "Jeopardy!" clue. Squawk on the Street Disclaimer by Squawk on the Street

44 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 and Fed Decision Week, UAW Strike Day 4, Apple iPhone 15 Demand in China 9/18/23: Carl Quintanilla, Jim Cramer and David Faber explored a new week for the markets, as investors await Wednesday's Fed decision on interest rates. The anchors engaged in a wide-ranging discussion about the impact of the United Auto Workers' strike against Detroit's Big 3 automakers, now entering day four. Phil LeBeau joined the conversation while reporting from a picket line in Toledo, Ohio. Also in focus: Apple reportedly witnessing strong iPhone 15 demand in China, Tim Cook on the "Vision Pro" headset, cyberattack impact on Clorox, Tesla said to be in EV factory talks with Saudi Arabia, a slew of upgrades and downgrades. Squawk on the Street Disclaimer by Squawk on the Street

44 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

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

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

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

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 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

Tesla Tumbles, Earnings Weigh on Stocks, SpaceX "Starship" Explodes After Launch 4/20/23: Carl Quintanilla, Jim Cramer and David Faber focused on the earnings news that dampened market sentiment -- leading with shares of Tesla down sharply after the company posted a decline in Q1 profit, as price cuts weighed on margins.The anchors reacted to earnings call comments from Elon Musk, who said he would stress sales growth over higher margins. Speaking of Musk, SpaceX's giant "Starship" rocket launched for the first time and exploded before reaching orbit. Also in focus: American Express, AT&T and a number of regional banks among the earnings losers -- plus what's driving the rally in chip equipment and homebuilder stocks. Squawk on the Street Disclaimer by Squawk on the Street

50 min listen

Musk’s Surprise Visit to China, Paramount Deal Talks, Busiest Week of Earnings 4/29/24: Carl Quintanilla, Jim Cramer and David Faber began the hour by discussing Elon Musk’s surprise visit to China. Tesla shares surged after local Chinese authorities removed restrictions on its cars, after they passed the country’s data security requirements. The anchors then shifted to the broader markets, as the S&P and Nasdaq both posted their best weeks of 2024. The desk also looked ahead to busiest week of earnings, with nearly 1/3 of all S&P 500 companies set to report results. Later in the hour, David had a Faber Report surrounding Paramount, saying Skydance has made its final offer for the media company. Squawk on the Street Disclaimer by Squawk on the Street

43 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

Intel Tumbles, Cramer: Kick Tesla Out of the Magnificent 7, Inflation Watch and the Fed. 01/26/24: Carl Quintanilla, Jim Cramer and David Faber drilled down heavily on tech: Intel tumbles and dragsthe chip sector lower after issuing disappointing sales guidance. Record closing highs for Microsoft, Alphabet and Meta. Cramer said it's time to boot Tesla from the Magnificent 7 after the stock's worst daily performance since 2020 and poor 2024 start. Also in focus: Market reaction to Core PCE data ahead of next week's Fed meeting, American Express surges while Visa falls, JetBlue warns its merger deal with Spirit Airlines may be terminated, layoffs at Salesforce, Levi Strauss and Paramount. Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

Bracing for Mega-Cap Tech Earnings, Meta Tops Tesla's Market Valuation 4/21/23: Carl Quintanilla, Jim Cramer and David Faber discussed the road ahead for mega-cap tech stocks, ahead of earnings due out next week from Alphabet, Microsoft, Meta and Amazon. Meta surpassed Tesla in terms of market valuation for the first time in 16 months. After Tesla's Thursday sell-off, the company raised U.S. prices on the heels of its sixth cut of the year. Also in focus, Procter & Gamble and CSX among the earnings winners, The "AT&T effect" on certain stocks, Cleveland Fed President Mester's inflation view and Cramer on "the most under-covered brilliant company on earth." Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Musk Says He'll Pause Tesla Share Sales, Inflation and Market Volatility, SBF Released on $250M Bond 12/23/22: On the final trading day before Christmas, Carl Quintanilla and Jim Cramer discussed Elon Musk's promise to pause selling more shares of Tesla -- but that news didn't stop the stock from continuing its slump. How low can it go? On the crypto front: FTX founder Sam Bankman-Fried under house arrest after being released on $250 million bond, as he awaits trial on criminal charges related to the collapse of his crypto exchange. Also in focus: Market volatility, An inflation gauge closely watched by the Fed came in tamer than a year ago, Microsoft versus the FTC and Cramer highlights stocks worthy of your attention heading into 2023. 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

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

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

Tesla Downgraded By Morgan Stanley, Musk-Zuckerberg Cage Match Challenge 6/22/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with Tesla and why Morgan Stanley analystAdam Jonas downgraded the stock to "Equal-weight" from "Overweight" -- but raised his price target to $250.The anchors also reacted to Mark Zuckerberg agreeing to challenge Elon Musk in a cage match.Also in focus: The biggest movers as markets look to avoid a four-day losing streak, day two of Fed Chair Powell's Capitol Hill testimony, a rate hike parade led by the Bank of England, the FTC vs. Microsoft-Activision: Both sides head to court. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

After the Sell-off: Cramer's Six Reasons, iPhone 15 Hits Stores, UAW Deadline 9/22/23: Carl Quintanilla, Jim Cramer and David Faber led off a busy program with markets after the worst day for the S&P 500 since March. Jim explained why he believes the markets are too negative and outlined the six reasons investors are selling stocks. The anchors also discussed what to make of the Apple iPhone 15 launch in stores worldwide. Also in focus: Deadline day for the UAW as it considers expanding its strikes against Detroit's "Big 3" automakers, Microsoft clears a key hurdle for its deal to acquire Activision, new stocks slump: Arm, Instacart and Klaviyo hovering around their respective IPO prices after strong opening day gains. Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

Bankman-Fried Extradited to U.S., Tepper's "Leaning Short,” Micron’s Miss Pressures Chip Sector 12/22/22: Carl Quintanilla, Jim Cramer and David Faber reacted to Sam Bankman-Fried's return to U.S. soil after being extradited from the Bahamas. The founder of FTX set to be arraigned in federal court as he faces criminal fraud charges related to the collapse of his crypto exchange. The anchors also discussed comments from billionaire investor David Tepper after he told CNBC he is "leaning short" on equities. Also in focus: Micron dragging semiconductor stocks lower after quarterly results missed expectations and the company announced job cut plans, Q3 GDP revised higher, the NFL and YouTube strike a "Sunday Ticket" deal, Carmax tumbles, AMC plunges after announcing a capital raise, plus Tesla's stock slump: A buying opportunity? by Squawk on the Street

43 min listen

Netflix and Morgan Stanley Earnings Reaction, Fox-Dominion $787.5M Settlement 4/19/23: Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-raging discussion about Netflix and the streaming landscape -- from the company's mixed results to the delay of its broader password sharing crackdown. Morgan Stanley shares declined despite better-than-expected quarterly results. Are the moves lower in both Netflix and MS justified? Also in focus: Fox News agrees to pay Dominion Voting Systems $787.5 million to settle a defamation lawsuit, Disney and Meta layoffs in the spotlight, Tesla cuts prices again, Elon Musk on AI and social media, United Airlines jumps on guidance. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Markets Fall On Jobs Report, Assessing the Corporate Layoffs Picture and Musk Talks Tesla Semi: "Badass" 12/2/22 by Squawk on the Street

44 min listen

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Big Earnings Week, Tesla vs. Ford, AT&T Extends Stock Slide to 30-Year Lows 7/17/23

Big Earnings Week, Tesla vs. Ford, AT&T Extends Stock Slide to 30-Year Lows 7/17/23

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