Retail's Wild Ride, Microsoft's New Pitch to UK on Activision Deal, Arm's IPO Filing 8/22/23

Microsoft's Nadella on OpenAI Drama, Pre-Black Friday Earnings, Countdown to Nvidia's Results 11/21/23: Carl Quintanilla, Jim Cramer and David Faber explored the latest developments surrounding OpenAI's shakeup and firing of CEO Sam Altman. The anchors reacted to what Microsoft CEO Satya Nadella told CNBC about the ChatGPT parent. Retail earnings and the consumer also in the spotlight ahead of Black Friday: A look at why Lowe's and Best Buy shares fell and Dick's Sporting Goods was a bright spot. Also in focus: What to expect from Nvidia's after-the-bell earnings, Jeff Bezos sells Amazon shares, Chinese regulators conditionally approve the Broadcom-VMWaremerger deal, highlights of Cramer with mentalist Oz Pearlman. Squawk on the Street Disclaimer by Squawk on the Street

44 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

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

Foot Locker Joins Retail Rout, Nvidia Countdown, Peloton Plummets 8/23/23: Carl Quintanilla, Jim Cramer and David Faber began the show with a look at more pain for the retail sector: Foot Locker shares plunged after the company posted a revenue miss, slashed guidance and paused its dividend. That news coming one day after the worst session ever for shares of Dick's Sporting Goods -- and Nike extended its daily losing streak to nine. Also in focus: What to expect from Nvidia's after-the-bell earnings, Peloton shares plummet to record lows as results and guidance disappoint Wall Street, Abercrombie soars, Teamsters approve UPS contract, Toll Brothers lifts homebuilders. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Markets Party Like It's 2021, WBD Tumbles, Waiting for Disney 11/8/23: Carl Quintanilla, Jim Cramer and David Faber focused on the market's upward momentum, including what's driving the S&P 500's seven-day win streak ‘ and the Nasdaq's eighth straight day of gains: The longest such streaks for both indices in two years. Microsoft posted a record closing high on Tuesday. The anchors also discussed why shares of Warner Bros. Discovery tumbled on quarterly results, as Wall Street awaits Disney's after-the-bell earnings. Also in focus: Mortgage rates plunge -- so do shares of Robinhood, Roblox soars, results from EV makers Rivian and Lucid. Squawk on the Street Disclaimer by Squawk on the Street

44 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

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

43 min listen

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

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

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

44 min listen

S&P Record Watch, AI Arms Race, Roaring Kitty Claws Back 5/13/24: Carl Quintanilla, Jim Cramer and David Faber began the hour by breaking down this ongoing market rally, with the Dow aiming for its 9th straight day of gains. The desk also reacted to news that Softbank Group’s Arm Holdings is reportedly planning on launching AI chips in 2025. Staying with the semis, Cramer highlighted Micron for his “Mad Dash” saying he believes the stock will continue to climb; Micron is up 100% over the last full-year of trading. Also in the mix: GameStop shares surged after trader ‘Roaring Kitty’ posted online for the first time in roughly three years. 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

Palo Alto Networks CEO, Off The Charts: Treasurys & Legislation Winners 7/13/23: Stocks rose for a fourth straight day, with the S&P and Nasdaq closing at their highest levels of 2023, and Jim Cramer is breaking down what's driving this week's rally. First, Palo Alto fell yesterday after Microsoft announced it would be expanding its cyber security offerings - Cramer talks to Palo Alto CEO Nikesh Arora about what it means for the sector. Then, long-term treasurys have been struggling but Cramer is going Off The Charts to see if the fixed income asset can rally after a sustained downturn. Plus, Cramer outlines more winners from various federal spending bills. Mad Money Disclaimer by Mad Money w/ Jim Cramer

45 min listen

Alibaba's Six-Way Breakup, AI and the Metaverse, Lyft Rises on CEO Shakeup 3/28/23: Carl Quintanilla, Jim Cramer and David Faber began the show with a look at Alibaba. Shares rose sharply after the Chinese e-commerce giant announced plans to split into six independent units. The discussion included a flashback to the "Squawk on the Street" interview with Alibaba founder Jack Ma in 2014 on the company's IPOday. Also in focus: Disney ditches its metaverse unit, Goldman Sachs warns about labor market disruption when it comes to AI, lower bonus payouts at Meta, Lyft shares jump on news that the company named a new CEO, McCormick shares spike on earnings, a “Faber Report” on WWE. Squawk on the Street Disclaimer by Squawk on the Street

46 min listen

Big Tech Layoffs: Microsoft to Eliminate 10,000 Jobs 1/18/23: Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about the big story of the morning: Microsoft confirmed it plans to cut about 10,000 jobs or 5% of its workforce, joining the ranks of tech giants implementing layoffs. The company also said it is taking a $1.2 billion charge in fiscal Q2 related to severance costs and other changes. Also in focus: Wholesale inflation eases but retail sales fall in December, Nasdaq aims for an eight-session win streak, Goldman Sachs CEO David Solomon's comments to CNBC about a potential "soft landing," United jumps on earnings and guidance, Microsoft and Activision one year after their $69 billion deal was announced. by Squawk on the Street

46 min listen

Morning After the Sell-off, FTC vs. Amazon, 30 Years of David Faber 9/27/23: Carl Quintanilla, Jim Cramer and David Faber explored what's ahead for the markets after Tuesday's sell-off put the S&P 500 and Nasdaq on track for their worst monthly performance since December 2022. The anchors reacted to what FTC Chair Lina Khan told CNBC about the agency's lawsuit against Amazon, which alleges the company illegally wields monopoly power. Also in focus: UAW strikes continue while Hollywood writers end their walkout, Costco earnings, Target's theft problem, Nvidia CEO's connection with Denny's, a celebration of David's 30th anniversary at CNBC -- featuring a special guest. Squawk on the Street Disclaimer by Squawk on the Street

46 min listen

Big Retail Reports, Capital One Buys Discover, Live: Adobe CEO 2/20/24: Jim Cramer and Scott Wapner started the hour by breaking down quarterly results from two big retailers Walmart and Home Depot; both names topped earnings estimates but the stocks moved in opposite directions. The desk also hit the deal of the day, as Capital One announced that it will acquire Discover in a $35.3 billion all-stock-deal; shares of other payment companies like Visa and Mastercard moved lower on the deal news. Before the opening bells, Adobe CEO Shantanu Narayen joined the anchors on set for a first on CNBC interview to discuss his company’s new AI feature. by Squawk on the Street

42 min listen

New Market Week, Musk Interview Announcement, Adobe CEO on AI, Merger Monday 5/15/23: Carl Quintanilla Jim Cramer and David Faber led off the show with what investors can expect from the markets this week, ahead of earnings releases from major retailers and the resumption of debt ceiling talks in Washington. David announced that he will have a live interview with Elon Musk Tuesday night on CNBC. Adobe CEO Shantanu Narayen joined the program to discuss his company's foray into AI. Also in focus: "Merger Monday" including the largest-ever M&A deal in the gold mining industry, Shake Shack faces a proxy battle, Sarepta soars, plus why legendary investor Paul Tudor Jones told CNBC the Fed “could probably declare victory now.” Squawk on the Street Disclaimer by Squawk on the Street

44 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

The Yield Signal for the Markets, Micron CEO Exclusive, The Obesity Drug Makers' Rally 9/28/23: Carl Quintanilla, Jim Cramer and David Faber discussed the impact of rising yields on the markets. When would it be time to get bullish? You'll want to hear Jim's answer to that question. Micron CEO Sanjay Mehrotra joined the program exclusively: A lively discussion about chip maker's Q4 results -- and the guidance that weighed on the stock. Also in focus: The 2023 rally for obesity and diabetes drug makers Novo Nordisk and Lilly -- as prescriptions for weight-loss medications surge, what to expect from Nike's after-the-bell earnings, JetBlue's revenue warning, an update on Cleveland-Cliffs' takeover bid for U.S. Steel. Squawk on the Street Disclaimer by Squawk on the Street

47 min listen

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

44 min listen

Powell and Nvidia Lead Big Market Week, China Trims Key Rate, Palo Alto Surges 8/21/23: With stocks on track for their worst month since December 2022, Carl Quintanilla, Jim Cramer and David Faber highlighted what to expect from two big events this week: Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday, plus Nvidia's after-the-bell earnings due out Wednesday. The anchors also reacted to China's central bank cutting a key interest rate, but the move was more modest than many expected. Also in focus: Palo Alto Networks surged on its earnings report released after Friday's closeof trading. UK regulators approve the Broadcom-VMWare merger deal, Tesla looks to snap a six-session losing streak. Squawk on the Street Disclaimer by Squawk on the Street

44 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

Walmart Cuts Jobs, Lucid Hits the Brakes, Baba Beats 8/4/22: Carl Quintanilla and Jim Cramer started the show discussing the markets as Goldman Sachs published a new note warning investors of a potential move lower. They then shifted to the country’s largest employer, Walmart, announcing some job cuts after slashing its profit outlook just about a week ago. It was also another busy day for earnings, with names like Alibaba, Clorox and Paramount all on the move. The anchors also hit Coinbase, which announced a new partnership with Blackrock that will allow its institutional clients to buy bitcoin. Also in the mix: EV maker Lucid Motors dropped double digits at the open after cutting its production targets again amid logistic challenges. 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

Micron CEO on the CHIPS Act and the Company's Warning. Also: "Meme Stock Madness" Returns. 8/9/22: Jim Cramer and David Faber took an in-depth look at weakness in the chip sector after a revenue warning from Micron due to slumping demand. Micron CEO Sanjay Mehrotra joined the program from the White House ahead of President Biden's signing of the CHIPS and Science Act into law. The anchors also explored the massive rebound in "meme stocks" such as AMC, GameStop and Bed Bath and Beyond -- with BBBY doubling month-to-date. Also in focus: AppLovin's unsolicited takeover bid for Unity Software, Novavax plunges after slashing its sales forecast, and more pain for gaming as Take-Two Interactive issues weaker-than-expected revenue guidance. by Squawk on the Street

46 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

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

UK Blocks Microsoft-Activision Deal, Boeing CEO Exclusive, New Lows for First Republic 4/26/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with big news on the tech front: UK regulators announced they are blocking Microsoft's planned acquisition of Activision. The anchors also weighed in on quarterly results from Microsoft and Alphabet. Boeing CEO David Calhoun joined the program to discuss his company's 737 MAX production guidance that lifted the stock, despite a wider-than-expected quarterly loss. First Republic shares tumbled again to fresh record lows. David outlined the newest developments surrounding the beleaguered regional bank. Carrier Global CEO David Gitlin visited Post 9 at the NYSE to discuss the air conditioner maker's new $13 billion acquisition. Squawk on the Street Disclaimer by Squawk on the Street

49 min listen

Earnings Parade Fuels Stocks: Coke, Verizon, 3M and GE Beat, RTX CEO Exclusive 10/24/23: Carl Quintanilla, Jim Cramer and David Faber discussed the markets rallying on a barrage of Q3 earnings reports: Coca-Cola, Verizon, 3M and General Electric among the companies exceeding estimates.Raytheon parent RTX surged after beating the street and announcing a $10 billion stock buyback program.RTX CEO Greg Hayes joined the program to discuss that news, along with developments surrounding the Israel-Hamas War and what they could mean for the defense contractor. Also in focus: General Motors beats but withdraws guidance due to the auto strike, what to expect from Microsoft and Alphabet when they report quarterly results after Tuesday's close of trading. Squawk on the Street Disclaimer by Squawk on the Street

47 min listen

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Retail's Wild Ride, Microsoft's New Pitch to UK on Activision Deal, Arm's IPO Filing 8/22/23

Retail's Wild Ride, Microsoft's New Pitch to UK on Activision Deal, Arm's IPO Filing 8/22/23

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