Fed Rally Fuels Dow 37K, Apple's Record High, Southwest Airlines CEO Exclusive 12/14/23

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

FedEx’s Global Recession Warning, GE’s Supply Chain Woes, Paramount CEO Bob Bakish 9/16/22: Carl Quintanilla, Jim Cramer and David Faber discuss the market selloff, picking up steam, after a stark warning from the CEO of FedEx. Raj Subramaniam joining Jim on “Mad Money” warning of a global recession, “I think so. But you know, these numbers, they don’t portend very well.” Shares of FedEx hammered after results missed on both the top and bottom lines. The company also withdrew its full-year guidance and announced significant cost-cutting measures including deferred hiring and shutting 90 offices and five corporate offices. Jim and David hone in on GE for the “Mad Dash” after the company said supply chain issues continued to weigh on the third quarter. Carl, Jim and David break out the other big movers of the morning including Uber, NCR, Apple, Huntsman and Tesla. David gives a sneak peak of his interview with Paramount CEO Bob Bakish, singing a more optimistic tune about the ad marke by Squawk on the Street

43 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

Walmart Slides Despite Q3 Beat, The Cisco Skid, Biden-Xi Summit Takeaways 11/16/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with retail earnings and the consumer: Walmart shares fell after the company raised full-year guidance that ended up short of analyst consensus, overshadowing a Q3 beat. The anchors explored the similarities and differences between Walmart and Target – and what they mean for investors. Carl, Jim and David also reacted to Cisco shares tumbling after the Dow component cut its full-year revenue outlook. Also in focus: The summit meeting between Presidents Biden and Xi, the Chinese president's message to American CEOs, earnings winners and losers including Palo Alto Networks, Alibaba and Macy's, Morgan Stanley CEO James Gorman on inflation. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Earnings Parade, First Republic Tumbles on Deposit Woes, Exclusive With Dow CEO 4/25/23: Carl Quintanilla, Jim Cramer and David Faber discussed what to make of a deluge of earnings reports -- including results from Dow components McDonald's, 3Mand Verizon. General Motors, General Electric and UPS also in the mix. Dow CEO Jim Fitterling joined the program exclusively to discuss his company's quarterly results. Shares of First Republic sank and weighed on regional banks after it reported a more than $100 billion plunge in deposits in Q1. Sources told David the next few days are crucial for First Republic. Also in focus: After-the-bell earnings due out from Microsoft and Alphabet. Squawk on the Street Disclaimer by Squawk on the Street

45 min listen

John Malone Exclusive, Disney's Earnings Beat, Market Win Streak Watch 11/09/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with Disney: The stock jumped on a Q4 earnings beat, streaming subscriber growth and cost-cutting plans. David spoke exclusively with cable pioneer and Liberty Media Chairman John Malone. They discussed everything from Disney and the future for ESPN, to streamers in a period of "rapid transition." David also interviewed Liberty Media CEO Greg Maffei at the company's annual "Investor Day" about the business of Formula 1, sports media rights and big tech. Also in focus: The S&P 500 and Nasdaq's long win streaks, earnings winners and losers including Arm Holdings -- out with its post-IPO results. Squawk on the Street Disclaimer by Squawk on the Street

48 min listen

Markets Rally, Apple Beats, Jobs Jump and Regional Banks Rebound 5/5/23: Carl Quintanilla, Jim Cramer and David Faber explored what investors should make of Friday's market rally after four days of selling. Both Apple's earnings and the government's April jobs report beat expectations, easing concerns about the possibility of a recession. Regional banks were in rebound mode, recouping some of this week's steep losses that were sparked by renewed worries about the group. Also in focus: Warner Bros. Discovery's quarterly loss and streaming profit, Lyft tumbles, Icahn vs. Hindenburg, plus reaction to travel earnings from Expedia and Booking Holdings. Squawk on the Street Disclaimer 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

Apple Loses Its Crown, Disney "Minus", Beyond Meat Beatdown, The Coinbase-Bitcoin Blues, and Market Bright Spots 5/12/22: With the Dow in the midst of a five-day losing streak, Carl Quintanilla and Jim Cramer focused on market volatility and pressure, especially on the tech sector as Apple loses the title of "world's most valuable company" to Saudi Aramco. Where can you find value in this market? Also, Disney shares fall after the company posts an earnings miss despite bigger-than-expected streaming subscriber growth for Disney+. Cramer sounds off about Wall Street's reaction to Disney's earnings call. The anchors also weighed in on Beyond Meat's weaker-than-expected quarterly results, sending the stock below its 2019 IPO price. Also in focus: Producer price inflation at 11%, Coinbase and bitcoin extend losses, double downgrades for Ford and GM, plus what's driving gains among names in the retail sector. by Squawk on the Street

43 min listen

Yields Rise on Strong Retail Sales, Dimon's "Hunky Dory" Warning, FAA's Boeing Inspections. 01/17/24: Carl Quintanilla, Jim Cramer and David Faber focused on stocks extending Tuesday's losses and yields rising to their highs of the year -- after December retail sales came in stronger than expected, up 0.6%. The anchors also reacted to what Jamie Dimon told CNBC at the World Economic Forum in Davos, Switzerland. JPMorgan Chase's CEO issued a cautious economic outlook for this year and next: "I think it's a mistake to assume everything is hunky dory." Also in focus: Fed Governor Waller's message on rates and inflation, The FAA completes initial inspections of Boeing 737 MAX-9 jets, a judge blocks the JetBlue-Spirit merger deal, Charles Schwab shares slide despite an earnings beat, assessing regional bank results, Disney rejects Nelson Peltz's bid to join its board, Uber's CEO talks EVs. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Dow and Nasdaq Seek "9" Lives, December's High-Fliers, End of An Era for eBay 12/19/23: Carl Quintanilla, Jim Cramer and David Faber focused on the December rally and a fresh record high for the Dow. Both the blue-chip index and the Nasdaq are aiming for a ninth consecutive day of gains. The anchors discussed what to make of a number of stocks that are surging this month: FOMO? Also in focus: eBay’s removal from the Nasdaq 100 and a flashback to David's 2005 CNBC documentary about the company, Nike and "playing with fire," cybersecurity watch and Palo Alto Networks' red-hot stock. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Markets & Earnings: Netflix Surges, P&G Beats, United Shares Take Flight, But Yields Also Rise. 10/19/22: After a two-day market rally, Carl Quintanilla, Jim Cramer and David Faber led off the show with Netflix shares surging on much bigger-than-expected subscriber growth. Is the worst over for the stock? The anchors also reacted to earnings beats from the likes of Procter & Gamble, Travelers and United Airlines -- the legacy carrier also raising guidance due to stronger travel demand. The anchors explored what investors should make of Wednesday’s market tug-of-war, with rising bond yields offsetting upbeat earnings news. Also in focus: Fed presidents on inflation and rate hikes, bracing for Tesla's after-the-bell earnings, what Third Point's Dan Loeb told David about Disney, Adobe jumps and Generac tumbles. by Squawk on the Street

43 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

Win Streak Ends, "Powell Effect" In Focus, No "Power" for Stock Plummeting 35% 11/10/23: Carl Quintanilla, Jim Cramer and David Faber discussed the markets looking to rebound one day after this year's longest win streaks for the S&P 500 and Nasdaq came to an end. Hawkish comments by Fed Chair Powell and a lackluster Treasury auction combined to spark Thursday's decline. The anchors also reacted to shares of Plug Power plunging more than 35% on a quarterly miss and supply warning. Also in focus: Treasury Secretary Yellen meets with China's vice premier, billionaire investor Ron Baron on Tesla in China, rough day for Trade Desk, Diageo and luxury stocks, market bright spots, what media pioneer John Malone told David about Rupert Murdoch. Squawk on the Street Disclaimer by Squawk on the Street

41 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

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

Unilever CEO, Caterpillar CEO, T-Mobile CEO & Fortune Brands CEO 10/27/22: The S&P and Nasdaq notched a second day of losses while the Dow climbed over 200 points and Jim Cramer is guiding investors through earnings season. Then, Unilever CEO Alan Jope joins Cramer to talk about consumer trends, brand power, and more. Next, after a strong quarter, Caterpillar CEO Jim Umpleby sits down with Cramer to break down the numbers. And, is it time to dial in to T-Mobile to ring in some profits? CEO Mike Sievert joins Cramer after earnings. Plus, Fortune Brands CEO Nicholas Fink. by Mad Money w/ Jim Cramer

45 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 Extend Losses, Dimon and Gorman in Davos, Low Tide for P&G, Bracing for Netflix Earnings 1/19/23: Carl Quintanilla, Jim Cramer and David Faber discussed the markets extending Wednesday's losses amid investor concerns about growth. The anchors reacted to comments made to CNBC by two big bank CEOs at the World Economic Forum in Davos, Switzerland: JPMorgan Chase's Jamie Dimon said he expects interest rates to rise above 5%, while Morgan Stanley's James Gorman expressed his belief that inflation has "clearly" peaked. Procter & Gamble shares fall on quarterly results as the company faces headwinds from rising costs. Also in focus: What to expect from Netflix's after-the-bell earnings, a double downgrade for Charles Schwab, shares of Discover slide on the company's outlook for credit card charge-offs. Plus -- is now the time to buy Boeing? by Squawk on the Street

44 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

Meta Surges, Earnings Barrage, Southwest and ServiceNow CEOs, GDP Growth Slows in Q1 4/27/23: On the busiest day of this earnings season, Carl Quintanilla, Jim Cramer and David Faber discussed the quarterly reports driving the markets higher, despite GDP data showing economic growth slowed sharply in Q1 to an annualized rate of 1.1%. The anchors delved into a wide-ranging discussion about Meta. The stock surged after Facebook's parent posted better-than-expected quarterly results and issued upbeat revenue guidance for Q2. Carl, Jim and David also reacted to earnings call comments from Meta CEO Mark Zuckerberg. Caterpillar, Honeywell and Eli Lilly were among the other names in the earnings spotlight. Southwest Airlines CEO Bob Jordan and ServiceNow CEO Bill McDermott joined the program to discuss their companies' respective quarterly results. Squawk on the Street Disclaimer by Squawk on the Street

45 min listen

Meta Soars, Bracing for More FAANG Earnings, Post-Fed Momentum 2/2/23: Carl Quintanilla, Jim Cramer and David Faber discussed what investors should make of Meta driving the big tech rally. Shares of Facebook's parent soared on a quarterly revenue beat, upbeat guidance, a $40 billion share buyback program and reducing capex estimates. The anchors reacted to Meta CEO Mark Zuckerberg stressing "efficiency" numerous times on the earnings call while making few mentions about the metaverse. Carl, Jim and David also set the stage for Thursday's after-the-bell earnings from FAANG components Apple, Amazon and Alphabet. Also in focus: Broader markets extend gains made following Wednesday's smaller Fed rate hike, earnings blues for the Dow, Ford U.S. auto sales rise in January, plus Jim on what to expect from his "Back to School" tour. by Squawk on the Street

43 min listen

Stocks Tumble on Inflation Surprise: What Investors Should Do Now 4/10/24: Jim Cramer and David Faber explored market reaction to the hotter-than-expected March inflation data, which sent yields higher and stocks tumbling. The Consumer Price Index revived worries that the Fed could hold off on a June interest rate cut. Cramer discussed how investors should navigate this market and why he believes the Fed is "in a box." Also in focus: Nvidia in correction territory, divergence in big tech, Delta among thebright spots after an earnings beat, Jack Ma's message to Alibaba employees, Apple ramps up iPhone production in India. Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

Stocks Bounce, Market Attempts to Recover from its Worst Drop in 2 Years, Mastercard’s Coronavirus Warning, Vaccine Coming?: Carl Quintanilla, Jim Cramer and David Faber breakdown the big swings in the market. Stocks jumping at the open as Wall Street tries to shrug off its worst day in two years. Experts still urging caution over the coronavirus, as cases outside of China continue to rise. Mastercard warns about the potential impact of the virus on its 2020 results, sending their shares down. The company also naming its Product Chief Michael Miebach as CEO, as Ajay Banga moves to Executive Chairman. Home Depot driving Dow gains, rising after earnings beat, the CEO says investments are paying off. Shares of Moderna skyrocketing after announcing it has shipped a coronavirus vaccine to U.S. government researches for study, with the first clinical trial expected by the end of April. Plus, David Faber breaks down HP’s earnings and what the company’s CEO is saying about Xerox’s proposal. by Squawk on the Street

43 min listen

Earnings Barrage, Exxon CEO Fires Back At the White House, Day One for the Fed 1/31/23: On the final trading day of January, Carl Quintanilla, Jim Cramer and David Faber discussed what investors should make of Tuesday's earnings releases from the likes of Caterpillar, McDonald's, Pfizer, Exxon Mobil, General Motors and UPS. The anchors also reacted to Exxon Mobil CEO Darren Woods blasting the Biden Administration's criticism of big oil companies' stock buybacks. He told CNBC, "The White House needs to get its facts straight." Also in focus: The Fed kicks off its two-day policy meeting, activists pressure Salesforce as Marc Benioff once again becomes sole CEO, plus Nike sues Lululemon. by Squawk on the Street

43 min listen

The Market Rally's "Drive for Five" and Jamie Dimon's Letter to Shareholders 4/4/23: Carl Quintanilla and Jim Cramer discussed the recent market rally as the Dow and S&P 500 aim to extend their respective daily win streaks to five. The anchors reacted to stats from Apollo which show how the S&P's 2023 rally isn't broad-based, but driven by 20 stocks. Are the names in focus worth buying? Carl and Jim also offered their takes on the annual shareholder letter from JPMorgan Chase CEO Jamie Dimon – which covered everything from the banking crisis to the economy. Also in focus: Ford electric vehicle sales sizzle in Q1, Apple as a top teen pick, Google and staplers, upgrades and downgrades, Disney CEO Bob Iger slams Florida Gov. Ron DeSantis. by Squawk on the Street

43 min listen

Retail's Wild Ride, Microsoft's New Pitch to UK on Activision Deal, Arm's IPO Filing 8/22/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at retail earnings. Lowe's and Macy's beat on the bottom line, but shares of Dick's Sporting Goods tumbled after the company posted a big miss on profits and slashed guidance. The anchors explored the impact of theft and inventoryissues on the retail landscape. Also in focus: Microsoft's new Activision deal proposal to UK regulators, Softbank-owned chip designer Arm files to go public with an IPO many expect to be the biggest of 2023, Nvidia's new all-time high ahead of quarterly results due out after Wednesday's close of trading. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

PacWest Tumbles on Deposit Losses, Disney "Streams" Lower, Inflation Watch 5/11/23: Carl Quintanilla, Jim Cramer and David Faber led off the show with banking turmoil in focus: PacWest shares tumbled and dragged down other regional banks after the company disclosed it lost 9.5% in deposits during the week ended May 5. Shares of Disney also down sharply after the media giant said it experienced streaming subscriber losses for a second consecutive quarter. On the inflation front, the April Producer Price Index rose 2.3% year-on-year -- the smallest increase since January 2021. Also in focus: Alphabet shares jump on Google's AI showcase, Goodyear shares soar on activism news, the Hindenburg-Carl Icahn battle heats up. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Coronavirus Fears, David Tepper Speaks to Cramer, Zuckerberg: Piss off a lot of People: Carl Quintanilla, Jim Cramer and David Faber discuss the big swings in the market. The Dow jumping as gains accelerate, taking back half of Friday's 600-point rout. Plus, David Tepper speaks to Cramer, why he says the Coronavirus quote 'may be a game changer' for the market. Plus, shares of Nike popping after two upgrades from UBS and JPMorgan. And why Facebook's CEO Mark Zuckerberg says his company's new approach is quote "going to piss off a lot of people." by Squawk on the Street

43 min listen

Salesforce Slumps, Macy's and the Retail Rout, House Passes Debt Ceiling Bill 6/1/23: Carl Quintanilla Jim Cramer and David Faber led off the show with big tech and Salesforce: Shares of the Dow component fell despite a quarterly beat, raised guidance and a focus on AI. Worries about consumer demand in the spotlight: Macy's slashes its full-year guidance and Dollar General posts a quarterly miss along with a lowered outlook. Also in focus: Target enters June with a nine-session losing streak, the House passes the bipartisan debt ceiling bill, two Fed officials make the case for skipping a rate hike this month, playing the cloud stocks, billionaire Bill Ackman urges Jamie Dimon to run for president. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Discover this podcast and so much more

Fed Rally Fuels Dow 37K, Apple's Record High, Southwest Airlines CEO Exclusive 12/14/23

Fed Rally Fuels Dow 37K, Apple's Record High, Southwest Airlines CEO Exclusive 12/14/23

Description

Titles in the series (100)

More Episodes from Squawk on the Street

Related podcast episodes