More Rate Hikes? Apple of My AI, Billionaire Battle 8/7/23

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

Spirit of '76 for the Bulls, COVID Effect on Apple and the Musk Era At Twitter: Fee Charges Ahead? 10/31/22: On the final trading day of October, Carl Quintanilla, Jim Cramer and David Faber discussed a strong month for stocks -- the Dow on track for its best since 1976. Are blue chip names your best bet? The anchors reacted to calls from big Wall Street banks: Morgan Stanley sees a near-term S&P 500 rally that could go as high as 4150 -- while Goldman Sachs predicts the Fed funds rate will peak at 5% in March 2023. China pandemic problems in the spotlight: A published report says production of Apple's iPhone could slump by as much as 30% at a major Foxconn factory next month, due to tightening COVID-19 curbs in China. Also in focus: The latest on Elon Musk and Twitter, including a report stating the company plans to charge $20 for verification, billionaire Tilman Fertitta takes a 6.1% stake in Wynn Resorts, Blackstone agrees to acquire a majority stake in an Emerson Electric unit for by Squawk on the Street

43 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

Stocks Rebound, Lyft’s Typo Turnaround, Zuckerberg’s Vision Pro Review 2/14/24: Carl Quintanilla, Jim Cramer and David Faber kicked things off by breaking down the markets rebounding a day after the Dow suffered its biggest drop since March 2023. They also hit some of the big earnings reports with Airbnb, Robinhood, MGM, and Kraft Heinz all on the move. Another big mover post results was Lyft, which soared on strong Q4 numbers and guidance, but the stock initially skyrocketed 60% after the company’s initial press release had a major error. The CFO later corrected the mistake during the firm’s earnings call Tuesday. Before the opening bells, the anchors also chatted Mark Zuckerberg and his review of Apple’s Vision Pro. In a video posted to Instagram, Zuckerberg called Meta’s Quest 3 headset “the better value” and “the better product, period.” 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

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

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

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

Electric Slide: Tesla Misses, Southwest and ServiceNow CEOs, Q4 GDP Beat 01/25/24: Carl Quintanilla, Jim Cramer and David Faber discussed Tesla shares taking a hit after the EV maker posted weaker-than-expected Q4 results and said it sees "notably lower" growth in 2024. The anchors reacted to what CEO Elon Musk said on Tesla's earnings. A CEO doubleheader on the show: Southwest’s Bob Jordan on earnings and MAX delivery plans in wake of Boeing's recent problems – and ServiceNow's Bill McDermott on his company's quarterly beat and riding the AI wave with shares at all-time highs. Also in focus: The first reading of Q4 GDP beats expectations with 3.3% growth, Humana tumbles again and drags its health insurance rivals lower, IBM and Comcast surge on earnings, the chip sector rally rolls on. Disclosure: Comcast is the parent of NBCUniversal, of which CNBC is a unit. Squawk on the Street Disclaimer by Squawk on the Street

45 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

Final Trading Day of February, Target Beats, Meta Revs Up For AI Race 2/28/23: On the last trading day of February, Carl Quintanilla, Jim Cramer and David Faber explored what's ahead for stocks, with the major indices on track for their second negative month in three. Cramer highlighted "market distortions" worthy of your attention. The anchors also discussed Target's quarterly beat, cautious guidance and CEO Brian Cornell's comments to CNBC about "stubborn" inflation. On the AI front: BofA is out with its list of top AI picks -- and Mark Zuckerberg announced Meta is forming a new product group focusing on generative AI. Goldman Sachs CEO David Solomon told CNBC that anyone who runs a business should prepare for a "bumpy 12 to 24 months." Also in focus: Earnings winners and losers including Zoom, Workday and Norwegian Cruise. by Squawk on the Street

42 min listen

Extending the Market Sell-off, Cisco CEO On the Company's Weak Outlook, and Elon Musk Calls ESG a "Scam." 5/19/22: Carl Quintanilla, Jim Cramer and David Faber explored what to make of the markets extending losses after Wednesday's massive sell-off: The worst for the Dow and S&P 500 since 2020. Jim offers his takeaway for investors. Cisco CEO Chuck Robbins joined the anchors on set for an exclusive interview: They discussed his company's guidance that slammed the stock -- and where the COVID lockdown in China and the war in Ukraine fit into the picture. Also in focus: Navigating inflation and exposure to China, Elon Musk's Twitter rant about Tesla being removed from an S&P ESG index, and Melvin Capital to unwind funds after suffering major losses from meme stocks. by Squawk on the Street

48 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

Target's Big Miss and Holiday Blues, Micron Warns and Binance's CEO Talks FTX. 11/16/22: Carl Quintanilla, Jim Cramer and David Faber led off the show with shares of Target tumbling in reaction to the retailer's Q3 earnings miss and lowered guidance for the holiday quarter. On the flip side, Lowe's posted better-than-expected quarterly results. So how should you play the retail sector? As for the chips, shares of Micron under pressure after the company cut its supply forecast for 2023, citing market conditions. Also in focus: The CEO of Binance talks crypto regulation in wake of the FTX collapse, Disney World to hike ticket prices in December, plus lots on big tech -- including Google parent Alphabet facing activist pressure to cut costs. by Squawk on the Street

43 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

Win Streak on Wall Street, Adobe Rides the AI Rally, Cava's Double Delight 6/16/23: Heading into the long holiday weekend, Jim Cramer and David Faber explored what to make of the stock markets' upward momentum. The S&P 500 and Nasdaq each in the midst of a six-day win streak and on track for their best week since March. Adobe among Friday's gainers after it posted a quarterly beat and raised guidance, highlighting cloud demand and a focus on AI. The anchors also discussed Cava's strong public debut: The Mediterranean fast-casual chain nearly doubling its IPO price at the close of trading on Thursday. How much of a boost could this give the IPO market? Also in focus: Disney's Christine McCarthy to step down as CFO, Humana warns, Fed Governor Christopher Waller weighs in on bank failures and monetary policy. Squawk on the Street Disclaimer by Squawk on the Street

45 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

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

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

Musk's AI Prediction, Cramer's Take on Fed Rate Cuts, Amazon Chasing History 4/9/24: Carl Quintanilla, Jim Cramer and David Faber led off the show by discussing a prediction fromTesla CEO Elon Musk: AI will overtake human intelligence next year. What might this mean for big tech'sAI players? Markets also in the spotlight ahead of Wednesday's key CPI inflation data. Hear why Cramer said "this economy doesn't need" Fed interest rate cuts. Also in focus: Amazon shares aiming for what would be their first record closing high since 2021, Piper Sandler's teen survey, the slump in Trump Media shares, Paramount deal buzz. 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

Tech in Focus: Salesforce Job Cuts, Microsoft Downgraded, Apple and Tesla's Rough Start to 2023 1/4/23: Carl Quintanilla and Jim Cramer took a deep dive into tech: Salesforce plans to cut about 10% of its workforce. The anchors weigh in on the stock and what Co-CEO Marc Benioff said in his letter to employees. Microsoft shares fell sharply after UBS downgraded the stock from "Buy" to "Neutral." Hear what Jim had to say about that call. All of this happening one day after Apple closed trading with a valuation below $2 trillion for the first time since 2021 -- and Tesla shares tumbled, experiencing their worst day in more than two years. Also in focus: Regulators warn banks about crypto risks, Chinese stocks rally, oil prices under pressure and GE Healthcare begins trading after being spun off from General Electric. by Squawk on the Street

43 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

From Post-Fed Rally to Rate Hike-Fueled Sell-off: Techs Tumble and the Dow Falls Below 30,000. 06/16/22: One day after stocks rallied following the Fed's biggest interest rate increase since 1994, Carl Quintanilla, Jim Cramer and David Faber discussed the sell-off that erased Wednesday's gains and sent the Dow below 30,000. Rate hikes by central banks in England and Switzerland fueled inflation worries and recession fears. The anchors delved into why tech stocks including Apple and Microsoft have taken a hit, as well as how investors can find protection in this market. Also in focus: Comments by DoubleLine CEO Jeffrey Gundlach and MicroStrategy CEO Michael Saylor on the bitcoin slump, and Elon Musk prepares to meet with Twitter employees for the first time since offering to buy the company. by Squawk on the Street

50 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

Buying Into the Post-Fed Sell-off, Adobe and Meta Jump, Musk & Twitter: The Suspension Saga 12/15/22: Jim Cramer and David Faber delved into another day of selling on Wall Street amid rate hike and recession worries. Jim highlights the stocks he says "would do just fine" in a slowing economic environment. The anchors also discussed bright spots in the tech sector -- Adobe shares up sharply after posting a quarterly earnings beat and Meta higher on an upgrade from J.P. Morgan. Jim and David reacted to Twitter's decision to suspend accounts of several journalists, Elon Musk's tweets about that move, plus the "Musk effect" on slumping Tesla shares. Also in focus: A stock that doubled on news of a buyout. by Squawk on the Street

44 min listen

A "Pivotal Week" for Markets, Bernanke on Fed's "Mistake," JetBlue Goes Hostile, Buffett's Big Energy Bet, and McDonald's to Exit Russia. 05/16/22: With the S&P 500 and Nasdaq each in the midst of a six-week losing streak, Jim Cramer and David Faber discussed why this is a "pivotal week" for the markets. The anchors also reacted to comments from Fed Chairman Ben Bernanke -- who told CNBC the Fed's slow response to inflation was a mistake -- and former Goldman Sachs CEO Lloyd Blankfein on recession worries. Also in focus: Goldman lowers its S&P 500 price target for 2022, Warren Buffett ramps up his energy portfolio, JetBlue launches a hostile tender takeover bid for Spirit Airlines, Jeff Bezos tweets about inflation, McDonald's decision to sell its Russia business, Elon Musk and the Twitter "bot check," plus what to make of an upgrade for Netflix. by Squawk on the Street

44 min listen

Final Trading Day of July, The Bulls Winning Again, Musk Puts an "X" on Twitter 7/31/23: Wrapping up the first trading month of Q3, Jim Cramer and David Faber discussed what to make of a strong July:The S&P 500 and Nasdaq each on track for a fifth consecutive monthly gain. The anchors explored what to expect from a busy earnings week, including results from "Trillion Dollar Club" members Apple and Amazon. Also in focus: Elon Musk rebrands Twitter as "X" and irks San Francisco officials with a flashing logo, China and the chips, Disney update, Sofi and Sweetgreen surge on quarterly results, The SEC's message to Coinbase. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Snap Plunges and Drags Down Tech, Markets Fall After Monday Rally, and Retail Earnings Parade Pains and Gains 5/24/22: Carl Quintanilla, David Faber and Mike Santoli led off the show with a look at shares of Snap tumbling and falling below its 2017 IPO price on the company’s profit warning. The anchors reacted to Snap's news dragging down social media stocks including Twitter, Pinterest and Facebook parent Meta Platforms. How might Twitter's decline impact Elon Musk's takeover bid for the company? Also in focus: Markets pulling back after Monday's rally, Best Buy rises and Abercrombie & Fitch plummets on earnings news, sources tell David that Broadcom is in talks to pay in the $140/share range for VMWare, plus a look at Jim Cramer's "green thumb." by Squawk on the Street

43 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

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More Rate Hikes? Apple of My AI, Billionaire Battle 8/7/23

More Rate Hikes? Apple of My AI, Billionaire Battle 8/7/23

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