Sam Altman Returns to OpenAI, Nvidia Earnings Get AI Boost, Oil Slumps on OPEC+ Meeting Delay 11/22/23

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

Triple Whammy: GDP, Hotter Inflation Gauge, Meta Spark Market Sell-off 4/25/24: Carl Quintanilla, Jim Cramer and David Faber covered all of the bases regarding Thursday's stock market sell-off, surge in yields and rate fears. The catalysts: Q1 GDP growth below consensus estimates, the Core PCE Price Index -- a key measure of inflation -- came in hotter than expected, Meta shares plunged on revenue guidance and plans to increase spending on AI. Also in focus: An earnings barrage including Thursday’s Dow laggards Caterpillar and IBM, the CEOs of ServiceNow and Southwest Airlines joined the program to discuss their companies' quarterly results and outlook. Squawk on the Street Disclaimer by Squawk on the Street

43 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

Stocks Slump on Fitch U.S. Downgrade and ADP Jobs Report, AMD CEO on Earnings and AI 8/2/23: Carl Quintanilla and Jim Cramer led off the show with a look at markets under pressure after Fitch downgraded the U.S. government credit rating from AAA to AA+. Was the cut justified? Fed rate hike fears also weighed on investor sentiment: ADP reported a much bigger-than-expected surge in private sector job creation for July. On the earnings front, AMD CEO Lisa Su ‘joined the program to discuss the chipmaker's Q2 beat and AI strategy. The anchors reacted to quarterly results from the likes of Starbucks, DuPont and CVS Health. Also in focus: Tupperware's meme stock rally gives back some gains, Ford July U.S. auto sales, Apple ahead of Thursday's after-the-bell earnings, studios and striking Hollywood writers to restart talks. Squawk on the Street Disclaimer by Squawk on the Street

43 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

Tesla's Q3 Miss, Netflix Shares Surge, Powell and Yields Watch 10/19/23: Carl Quintanilla, David Faber and Sara Eisen led off the show with market reaction to "Big Tech" earnings. Tesla shares fell sharply on a Q3 miss as price cuts weighed on profits. A different story for Netflix: Shares surged on news that the streaming giant added about nine million subscribers, posted a quarterly earnings beat and announced price hikes. The anchors also explored what to expect from Thursday's remarks by Fed Chair Powell as the 10-year note yield continued its march toward 5%. Also in focus: The Israel-Hamas war, Earnings winners and losers including AT&T and American Airlines, Nestle CEO and the "Ozempic effect." Squawk on the Street Disclaimer by Squawk on the Street

44 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

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

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

AI Boosts Nvidia's Blowout Quarter, Powell One Day Away, T-Mobile US To Cut 5,000 Jobs. 8/24/23: Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about Nvidia: Shares surged to a record high on the company's blowout quarter and raised guidance due strong demand for AI chips. The future for interest rates also in the spotlight, as investors brace for Fed Chair Jerome Powell's Jackson Hole speech on Friday. Also in focus: T-Mobile US plans to lay off 5,000 employees, supplier defect weighs on Boeing, Dollar Tree's turn to experience retail pain, Snowflake's earnings beat. Squawk on the Street Disclaimer by Squawk on the Street

44 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

Tesla in the Crosshairs, Shopify Pres. Reacts to Tumbling Stock, Reddit Jumps, Uber Falls 05/08/24: Carl Quintanilla, Jim Cramer and David Faber discussed a report that sent Tesla shares lower: According to Reuters' sources, U.S. prosecutors are examining whether the EV maker committed securities or wire fraud in their Autopilot probe. Shopify President Harley Finkelstein joined the program to talk about the company's Q1 earnings beat -- and the stock tumbling on guidance. The anchors also reacted to Reddit shares rising and Uber shares down sharply following the release of the companies’ respective quarterly results. Also in focus: Microsoft's $3.3 billion AI investment, Disney the morning after its stock fell 9.5% post-earnings. Squawk on the Street Disclaimer by Squawk on the Street

43 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

Markets Chasing History, Tesla's Bull Run, 2024 Top Picks: Social Media 12/27/23: Sara Eisen and Scott Wapner delved deeper into the December stock rally, as the S&P 500 entered Wednesday's trading session within 0.5% of a record closing high. Tesla also in the mix with its stock up more than 8% this month and a one-year gain of 135%. The anchors discussed what to expect from the EV maker's upcoming deliveries report, as well as the competition from Chinese rival BYD. Baird's internet analyst shared his top social media stock picks for 2024: Is Meta at the top of his list?: Also in focus: Oil prices and the Houthi rebels’ Red Sea attacks, Apple's design chief said to be enlisted by Jony Ive and OpenAI's Sam Altman to work on an AI hardware project, Softbank's $7.6 billion windfall in T-Mobile shares, "Magnificent 7" moves, Dow dogs and dividends. Squawk on the Street Disclaimer by Squawk on the Street

45 min listen

CEO Tripleheader: Disney, Verizon and Adobe 9/15/22: As stocks try to rebound from Tuesday's big sell-off, Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to an unexpected rise in August retail sales and the White House announcing a tentative labor agreement to avert a national railway strike. Adobe shares tumbled to become the morning's worst performer on the S&P 500. The company's CEO Shantanu Narayen joined the program after announcing quarterly results, guidance and a $20 billion cash-and stock deal to acquire online design startup Figma. David had a pair of exclusive interviews: Disney CEO Bob Chapek and Verizon CEO Hans Vestberg. Also in focus: Big gainers including Netflix on a Wall Street upgrade and Humana on raised guidance. by Squawk on the Street

46 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

Morning After the Worst Day for Stocks in '23, Fed's Bullard Speaks, Intel Slashes Dividend 02/22/23: Carl Quintanilla, Jim Cramer and David Faber engaged in wide-ranging discussions about what's next for the markets after Tuesday's sell-off, which resulted in the worst day for stocks so far this year. Cramer outlined six things that must happen before he can declare an end to the sell-off. The anchors also reacted to pre-market comments that St. Louis Federal Reserve President James Bullard made to CNBC about rate hikes, inflation and the markets overpricing the chances of a recession. Also in focus: Intel slashes its quarterly dividend by 66%, Baidu doubles profits and ramps up its AI bot strategy, Regulators in Beijing reportedly told Chinese tech giants not to offer ChatGPT services, Palo Alto Networks surges on earnings, plus what to expect from Nvidia's quarterly results after the close of Wednesday's trading. by Squawk on the Street

44 min listen

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

47 min listen

Q4 Rally Day 2, Oil Surges Ahead of OPEC+, and Finding Value In This Market. 10/4/22: One day after stocks kicked off the fourth-quarter with a big rally, Carl Quintanilla, Jim Cramer and David Faber discussed the markets extending their surge while Treasury yields pull back -- and oil prices continue to spike on expectations OPEC and its allies will cut oil output at their meeting on Wednesday. What does it all mean for your money and buying opportunities? Also in focus: "Fedspeak" watch, Morgan Stanley analyst Adam Jonas' note on auto sales, Ford's sales report card, Cathie Wood's ARK snaps up Tesla shares, playing the chips, Micron pledges a $100 billion chip factory investment in upstate New York, Credit Suisse shares extend rebound, and Cramer's case for buying P&G by Squawk on the Street

43 min listen

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25 min listen

New Market Week, The "China Effect" on Tesla, Chinese Stocks Rally and SBF Tweets "I Will Testify." 12/5/22: Carl Quintanilla, Jim Cramer and David Faber explored what to expect from the markets after a positive week for stocks. China playing a big role in the discussion: Oil prices higher and Chinese stocks such has Alibaba in rally mode after China loosened some COVID restrictions, Morgan Stanley ups Chinese equities to "overweight," Apple reportedly looking to move some of its production out of China and Tesla shares slump on reports the automaker is cutting Model Y production in Shanghai. Also in focus: FTX founder Sam Bankman-Fried tweeted he "will testify" before House lawmakers at some point, the CEO of North Face and Timberland parent VF Corp. to retire, Starbucks downgraded, a media stocks roundup and Delta's big pay hike in its deal with pilots. by Squawk on the Street

43 min listen

Caterpillar CEO Exclusive, More 2024 Woes for Tesla and Musk, Meta's $200B Rally. 2/5/24: Carl Quintanilla, Jim Cramer and David Faber explored what to expect from the markets after new record highs were set on Friday. The anchors offered reaction to Fed Chair Powell’s “60 Minutes” interview. Caterpillar CEO Jim Umpleby joined the program exclusively to discuss quarterly results that propelled the stock to fresh record highs. Carl, Jim and David also discussed Tesla shares extending their 2024 slide -- after the Wall Street Journal reported that Elon Musk took drugs with some Tesla board members, according to the paper’s sources. Also in focus: Meta's historic Friday $200 billion market cap rally, McDonald's earnings. Snap and Estee Lauder announce job cuts, new 737 MAX problems for Boeing, Novo Nordisk's parent buys Catalent to help expand Wegovy supply. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Activist Attention, More Tech Layoffs, Semis Surge 1/23/23: Carl Quintanilla, Jim Cramer and David Faber began the hour by breaking down the markets, with the Dow and S&P aiming to bounce back from their first weekly losses of 2023. Salesforce was one of the key names to watch in early trading, as the stock received a boost on news that Elliott Management has a multi-billion dollar stake in the company. Staying with the tech sector, the anchors then shifted their attention to Spotify, the latest company to announce layoffs, cutting 6% of its global workforce. CEO Daniel Ek said he was “too ambitious in investing ahead of our revenue growth.” Also in the mix: Cramer broke down Barclays’ bullish call on the chip sector, which gave names like QCOM and AMD a lift. by Squawk on the Street

43 min listen

April Jobs Report and Apple Combine to Spark Market Rally 5/3/24: Carl Quintanilla, Jim Cramer and David Faber covered all of the bases on Friday's stock market rally. The two main catalysts: The April employment report shows the economy created fewer jobs than expected, fueling investor hopes for a Fed rate cut. Apple shares surged as the company's Q2 earnings beat, guidance and record $110 billion share buyback program overshadowed a decline in revenue and iPhone sales. What does it all mean for big tech? Also in focus: A "Faber Report" on the Paramount deal saga, Amgen soars, earnings winners and losers, Cramer reacts to the New York Knicks eliminating the Philadelphia 76ers from the NBA Playoffs. Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

Big Week for Earnings and the Fed, Tesla's January Surge, "Fly, Eagles, Fly" 1/30/23: Carl Quintanilla, Jim Cramer and David Faber focused on a big week for the markets, as Wall Street gears up for everything from key policy decisions by the Fed and other central banks -- to a slew of earnings including results from tech giants Apple, Amazon, Alphabet and Meta. The anchors also discussed what to make of the early 2023 tech rally -- the Nasdaq up 11% and Tesla surging 45% year-to-date heading into Monday's trading session. Also in focus: Salesforce and the activists, EV price cuts at Ford, takeover speculation involving Lucid, and Jim celebrates the Philadelphia Eagles advancing to the NFL's championship game. by Squawk on the Street

43 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

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

Nvidia on Deck, Palo Alto Networks Plunge, Live: Brian Moynihan 2/21/24: Carl Quintanilla and Jim Cramer started the show by looking ahead to Nvidia reporting after the bell, a day after the stock suffered its biggest 1-day drop in 4 months. Another earnings mover the anchors hit was Palo Alto Networks. Shares of the stock plunged after the company pulled its full-year revenue, billings guidance. The company’s results sent other cyber names like CrowdStrike, Fortinet and Zscaler lower. Later that hour, Leslie Picker joined the show along with Brian Moynihan to discuss the state of the economy, rates and the recent volatility within the regional banks. Squawk on the Street Disclaimer by Squawk on the Street

47 min listen

PPI Runs Hot, OpenAI Reveals New AI Model, Meme Craze Continues 05/14/24: Carl Quintanilla, Jim Cramer and David Faber started the show by discussing this morning’s inflation data. The producer price index, a measure of what producers receive for the goods they produce, increased 0.5% in April and was up 2.2% on a 12-month basis, the biggest gain in a year. The anchors then shifted to the ongoing meme craze, as shares of GameStop and AMC surged again. Because of Monday’s massive rally, short-selling hedge funds suffered a mark-to-market loss of $838 million in GameStop. Before the opening bell, the desk also reacted to OpenAI’s latest flagship product GPT-4o, which the company says “can reason across text, audio, and video in real time.” Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Iger-Peltz Aftershocks, Lyft Plummets, Google's Rough Week 2/10/23: Carl Quintanilla, Jim Cramer and David Faber explored what's next for Disney after Thursday's blockbuster show featuring Disney CEO Bob Iger and billionaire activist investor Nelson Peltz. The anchors also reacted to shares of Lyft plunging on the company's quarterly miss and weak guidance in wake of a pricing war with Uber. Also in focus: A rough week for shares of Google parent Alphabet as it battles Microsoft over artificial intelligence, PayPal's CEO announced he intends to retire at the end of 2023, crude oil riseson Russia's plans to cut output, Spotify jumps on activist's stake, plus a special guest ahead of Super Bowl Sunday. by Squawk on the Street

44 min listen

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Sam Altman Returns to OpenAI, Nvidia Earnings Get AI Boost, Oil Slumps on OPEC+ Meeting Delay 11/22/23

Sam Altman Returns to OpenAI, Nvidia Earnings Get AI Boost, Oil Slumps on OPEC+ Meeting Delay 11/22/23

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