Bears Tighten Grip, Apple and the Mega-Tech Correction, Bloomin' Activism 8/18/23

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

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

43 min listen

Market Rally vs. Losing Streak, Walgreens Woes, Delta's Message to Investors 6/27/23: With the Dow in the midst of a six-day losing streak -- and the S&P 500 down in five of the last six sessions -- Carl Quintanilla, David Faber and Mike Santoli explored whether or not this year's market rally is losing steam. Shares of Walgreens Boots Alliance fell sharply after the company slashed guidance and posted its first quarterly earnings miss in three years. A different story for Delta: The airline raised Q2 guidance and hosted its annual "Investor Day" event. Also in focus: EV stocks roundup, the IPO market's busy week, the Snowflake-Nvidia AI partnership, Citi ups its price target on Meta to a street-high $360. Squawk on the Street Disclaimer by Squawk on the Street

43 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

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

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

Exclusive with BlackRock CEO Larry Fink, Big Bank Earnings, "Red" Chips 4/12/24: David Faber, Sara Eisen and Mike Santoli spoke exclusively with BlackRock Chairman & CEO Larry Fink at Post 9. The head of the world's largest asset management firm discussed various issues including inflation, Fed rate cuts, AI, China and his company's earnings. The anchors also explored another volatile day for markets, with stocks falling amid worries about the Fed's rate cut timeline -- and despite better-than-expected Q1 results from JPMorgan Chase, Citi and Wells Fargo. Also in focus: Shares of Intel and AMD under pressure on a report regarding China, Nasdaq's record closing high, Amazon and Alphabet $2 trillion valuation watch. Squawk on the Street Disclaimer by Squawk on the Street

46 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

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

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

44 min listen

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

Big Tech and the AI Trade, Adobe Tumbles, TikTok Update 3/15/24: With the markets about to wrap up the week, David Faber, Sara Eisen and Mike Santoli explored the haves and have-nots when it comes to tech players and AI: Nvidia's latest moves, Microsoft's record run and Adobe shares take a big hit despite a Q1 beat. David delivered a "Faber Report" doubleheader: The latest on a potential TikTok ban and the Nippon Steel-U.S. Steel deal. Two of Sara's interviews also in the spotlight: Palantir CEO Alex Karp blasts short sellers, plus Citadel CEO Ken Griffinon climate regulation and what's at stake for investors. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Disney Shares Slump Despite Earnings Beat, Musk on AI, Markets' Win Streak 05/07/24: Carl Quintanilla, Jim Cramer and David Faber led off the show with shares of Disney sharply lower: A slight Q2 revenue miss overshadowed an earnings beat and a surprise profit for Disney+ and Hulu. Jim explained why he believes the selling of Disney shares was an overreaction. The anchors also reacted to Elon Musk's latest warning on AI in remarks delivered Monday night at the Milken Institute Global Conference in Los Angeles. Also in focus: Major indices aim to extend their daily win streaks, EVs in the spotlight as Tesla China sales fell in April, Apple's virtual iPad event and the road ahead for mega-tech stocks, earnings winners and losers. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Wall St. Braces for Powell, Cashin's Market Wisdom, Meta Layoffs Watch 3/7/23: Carl Quintanilla, David Faber and Mike Santoli focused on what's at stake for the markets ahead of Tuesday's big event: Federal Reserve Chair Jerome Powell beginning the first of two days of testimony on the economy before Capitol Hill lawmakers -- starting with the Senate Banking Committee. Wall Street veteran Art Cashin of UBS offered his perspective on the Fed and the markets. Meta's "year of efficiency" in the spotlight: The parent of Facebook reportedly plans to implementanother round of layoffs. Also in focus: The push on Capitol Hill for a U.S. ban of TikTok, shares of Dick's Sporting Goods jump on earnings, Eaton CEO Craig Arnold joined the anchors at Post 9 to discuss the economy, energy and electric vehicle charging as the company celebrated its 100th anniversary of listing at the NYSE. by Squawk on the Street

43 min listen

Riding the AI-Fueled Rally, EU Hits Apple With $2B Fine, Bitcoin Surpasses $65K 3/4/24: Carl Quintanilla, Jim Cramer and David Faber led off the show by exploring the AI-fueled rally that propelled the S&P 500 and Nasdaq to fresh record highs on Friday. How do you value stocks such as Nvidia and other AI players? Super Micro continued its white-hot surge after being selected to join the S&P 500. The company surpassed three Dow components on a valuation basis. Also in focus: The EU fines Apple nearly $2 billion, bitcoin tops $65,000 for the first time since 2021, Tesla's China challenge, two firms boost their takeover bid for Macy's, Equinox's obesity drug protocol. Squawk on the Street Disclaimer by Squawk on the Street

46 min listen

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

45 min listen

Markets 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 and a Big Market Week, China's Cautious Growth Target, Tesla Cuts Auto Prices ... Again. 3/6/23: Carl Quintanilla, David Faber and Mike Santoli discussed events which could move the market this week, including Fed Chair Jerome Powell's Capitol Hill testimony on the economy beginning Tuesday -- and Friday's key February jobs report. In the mix: A report from on the ground in Beijing after China announced a cautious 2023 growth target of around 5%. The anchors also reacted to Tesla's latest price cuts in the U.S. involving the Model S and Model X. Also in focus: Goldman Sachs initiates Apple at "Buy”, M&A news including Altria's deal to acquire e-cigarette maker NJOY after exiting its Juul stake, Morgan Stanley's note on a "$6 trillion AI internet opportunity." by Squawk on the Street

42 min listen

Return of the Bull Market, Tesla Aims for 11, Zuckerberg Zaps Apple 6/9/23: Carl Quintanilla, Jim Cramer and David Faber discussedwhat to make of the markets entering bull territory, with the S&P 500 up 20% from its October low. EV also in the spotlight: Shares of Tesla entering Friday’s trading with a ten-session win streak. The stock extended gains after General Motors agreed to use the company's charging network. Also in focus: AI and Meta CEO Mark Zuckerberg's dig at Apple's new "Vision Pro" mixed-reality headset, the Netflix rally, Target downgraded, the health of the consumer and the upcoming Cava IPO. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

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

43 min listen

Market Momentum, Apple's Apology, EV Watch 5/10/24: Carl Quintanilla, Jim Cramer and David Faber explored what to make of the markets' upward momentum: The Dow aiming for an eight-session win streak and the S&P 500 trading at five-week highs. The anchors highlighted some high-flying stocks worthy of your attention. They also reacted to Apple apologizing for its controversial new iPad ad. On the EV front: China's Zeekr priced its IPO at the top of the range ahead of its NYSE debut, while new data show Tesla losing Chinese market share. Also in focus: President Biden and China tariffs, Warner Bros. Discovery and the battle over NBA rights. Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

Fedspeak Effect on Markets, Retail and Tech Earnings Reaction, Tesla Stock Popularity 3/3/23: David Faber, Scott Wapner and Mike Santoli discussed the impact Fedspeak on interest rates is having on the markets - with the 10-year note yield hovering around four percent and the S&P 500 poised to snap a three-week losing streak. Is the stock market appropriately priced? The anchors reacted to quarterly results from the likes of Costco, Nordstrom, Broadcom, Dell and HP Enterprise. Also in focus: Morgan Stanley's case for making Apple its top hardware pick, new data indicating why Tesla shares more popular than ever among individual investors, the CEO whose customers are urging him "to not miss out" on the AI arms race, plus Third Point's Dan Loeb takes a passive stake in AMD. by Squawk on the Street

42 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

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

SQUAWK BOX, FRIDAY 29TH APRIL, 2022 by Squawk Box Europe Express

29 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

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

44 min listen

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27 min listen

P&G's Earnings Beat, Morgan Stanley and United Slump, Nvidia on the Curbs 10/18/23: With the Dow in the midst of a three-day winning streak, Carl Quintanilla, Sara Eisen and Mike Santoli discussed market reaction to a number of earnings reports. Dow component Procter & Gamble received a lift from fiscal Q1 results, while Morgan Stanley and United Airlines saw their shares fall sharply despite quarterly beats. Nvidia extended its losses from Tuesday -- and responded to the White House's tighter curbs on AI chip exports to China. Citi and Morgan Stanley lowered their respective price targets on NVDA. Also in focus: Rising yields and oil prices, what to expect from Tesla and Netflix results due out after Wednesday's close of trading, President Biden visits Israel amid its war with Hamas. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

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Bears Tighten Grip, Apple and the Mega-Tech Correction, Bloomin' Activism 8/18/23

Bears Tighten Grip, Apple and the Mega-Tech Correction, Bloomin' Activism 8/18/23

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