Dow Drag Down, Apple’s Coronavirus Warning, Walmart CEO Doug McMillon, Zuckerberg: Big Tech Needs More Regulation

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

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

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

Meta Surges On Earnings, Q1 GDP Shrinks, An Exclusive With Southwest's New CEO, and "Sickness" for a Stay-At-Home Stock 4/28/22: Carl Quintanilla and Jim Cramer led off the show with a look at Meta shares surging on the Facebook parent's better-than-expected quarterly earnings and user growth. Is the worst over for the stock?. The anchors also reacted to GDP data showing the economy shrank at a 1.4% annual rate in the first quarter, marking contraction for the first time since early in the pandemic. What do Caterpillar and McDonald's earnings tell us about the economy? Southwest's new CEO Bob Jordan joined the program. Phil LeBeau and Jim interviewed him about the company's quarterly results, rising airfares and the airline's growth plan challenges. Also in focus: Teladoc shares plummet more than 40% on wider losses and weaker guidance -- a setback for investor and ARK Invest CEO Cathie Wood. by Squawk on the Street

44 min listen

Microsoft and Alphabet Lead Tech Sector Slump, Plus: Exclusives With the CEOs of Boeing and Bristol Myers Squibb 10/26/22: Carl Quintanilla, Jim Cramer and David Faber led off the show with reaction to shares of Microsoft and Google parent Alphabet falling sharply and pulling the Nasdaq lower after the tech giants posted quarterly results. Two CEOs joined the program exclusively: Boeing's Dave Calhoun discussed what's next for his company after its unexpected quarterly loss -- and Bristol Myers Squibb's Dr. Giovanni Caforio outlined the drugmaker’s earnings beat despite the stronger dollar's impact on sales. Also in focus: What quarterly results from the likes of Visa, Chipotle and Mattel are telling us about the consumer, plus a look at what to expect from Meta's after-the-bell earnings report. by Squawk on the Street

46 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

Squawk on the Street: Opening Bell 09/20/2019: Carl Quintanilla, Jim Cramer and David Faber discuss the slow stock market march to new records. Plus, as new Apple iPhones hit stores globally, will it move the needle for investors? And Washington’s War on Tech - Facebook CEO Mark Zuckerberg meets face-to-face with some of his harshest critics in DC. by Squawk on the Street

46 min listen

Tech Earnings Reaction: Amazon's Cloud-y Outlook, Intel Jumps, Snap and Pinterest Plunge 4/28/23: Carl Quintanilla, Jim Cramer and David Faber covered all of the bases regarding tech earnings: Amazon's warning of a slowdown in its cloud business overshadowed the company's Q1 beat, Intel shares jumped despite the chipmaker's worst-ever quarterly loss, while social media players Snap and Pinterest tumbled by double-digits on guidance that disappointed Wall Street. Also in focus: Big oil earnings beats from Exxon Mobil and Chevron, plus David’s report on a statement from First Republic about the beleaguered bank's strategic options. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Meta Plunges, Blue Chips’ Earnings Bounce, the CEOs of Southwest and ServiceNow and Musk's Message to Twitter Advertisers 10/27/22: Carl Quintanilla, Jim Cramer and David Faber led off the program with another large cap tech tumble: Facebook parent Meta Platfoms missing on earnings and disappointing Wall Street on guidance. The anchors reacted to Mark Zuckerberg's earnings call comments: He urged investors to be patient with his metaverse spending strategy. You'll want to hear Jim’s eye-opening take on Meta. Two CEOs appeared on the program: Southwest Airlines' Bob Jordan on record revenue and stronger travel demand -- and ServiceNow's Bill McDermott on quarterly results that sent the stock up double-digits. Also in focus: GDP returns to growth in Q3, Elon Musk’s tweet to Twitter advertisers on why he bought the company, blue chip earnings beats from the likes of Caterpillar and Honeywell, plus a breakdown of Credit Suisse's strategic overhaul. by Squawk on the Street

52 min listen

Buffett Shrugs Off Fitch Downgrade, Qualcomm Shares Sink, Live: Shopify President 8/3/23: Carl Quintanilla and Jim Cramer began the hour by breaking down the tech sector, a day after the Nasdaq suffered its worst daily performance since February. Shares of chip giant Qualcomm plunged in early trading despite beating earnings estimates, after the company’s guidance and revenue fell short of expectations. The anchors also turned to Warren Buffett shrugging off the Fitch downgrade, telling CNBC “There are some things people shouldn’t worry about… this is one.” Also in the mix: Shopify President Harley Finkelstein joined the show to break down his latest earnings beat, the company’s partnership with Roku and a lot more. 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

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

Wall Street Faces More Pain, Big CEOs Speak Out on "Squawk on the Street": IBM's Rometty & Mollenkopf: Carl Quintanilla, Jim Cramer and David Faber weed through the Coronavirus headlines and its impact on the stock market. Wall Street facing more losses a day after the Dow closed below 20,000 for the first time since 2017. Microsoft & Walmart shares buck the trend, moving higher. IBM Chairman & CEO, Ginni Rometty speaking out on the virus and what the company is doing to combat the spread. Plus, why she feels "strong about IBM's balance sheet. And doing everything we can to keep it strong." Also, hear what Qualcomm's CEO, Steve Mollenkopf is saying about the virus and people getting back to work in China. by Squawk on the Street

61 min listen

Stocks' Labor Pains, McDonald's Misses, Lilly's Weight-Loss Gains, Tesla Layoffs Talk 4/30/24: On the final trading day of April, Carl Quintanilla, Jim Cramer and David Faber discussed rate fears weighing on stocks: The Q1 Employment Cost Index came in higher than expected -- ahead of the Fed's two-day policy meeting, which ends Wednesday. The anchors reacted to McDonald's Q1 earnings miss, which was due in part to customers tightening their belts amid price hikes. The earnings barrage included Eli Lilly posting a Q1 beat and raising guidance thanks to demand for its obesity drugs -- and blue chips Coca-Cola and 3M toppingestimates.Also in focus: Reports of more layoffs at Tesla, Walmart closes health clinics, Paramount's uncertain future, Faber Report on the battle for NBA television rights. Squawk on the Street Disclaimer by Squawk on the Street

43 min listen

Inflation Watch, Intel Reportedly Plans Job Cuts, PepsiCo Pops, Moderna Surges and Zuckerberg Talks Metaverse 10/12/22: Carl Quintanilla, Jim Cramer and David Faber explored market reaction to new wholesale inflation data: The September Producer Price Index jumped by a hotter-than-expected 0.4% from the previous month, but eased to 8.5% on a year-over-year basis. Cramer explains why he finds the data "disappointing," but sees PepsiCo as a bright spot after the company's quarterly earnings beat and raised guidance. Intel also in the spotlight on a published report saying the company plans to cut thousands of jobs. Also in focus: Treasury Secretary Yellen to CNBC on financial stability, President Biden's comments on the possibility of a recession, luxury retail, Moderna surges on its cancer vaccine partnership with Merck and Meta CEO Mark Zuckerberg makes the case for the metaverse. 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

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

Apple's iPhone 14 Warning, Meta Jumps on Job Cuts Report and Walgreens Unit's $8.9B Deal 11/7/22: Carl Quintanilla, Jim Cramer and David Faber led off the week with big stories in the tech sector: Apple warning of lower iPhone 14 and 14 pro shipments, due to COVID-19 restrictions in China impacting the Foxconn facility in Zhengzhou where the phones are assembled. Shares of Meta Platforms rise on a report stating the Facebook parent is planning large-scale job cuts this week. On the M&A front: Walgreens Boots Alliance unit "VillageMD" has agreed to acquire primary and urgent care provider Summit Health-CityMD for $8.9 billion. Also in focus: What inflation data, the midterm elections and earnings could mean for the market week ahead, Disney vs. Warner Bros. Discovery, strength in bank stocks, a downgrade for Costco and Tesla shares fall amid a deluge of Twitter news involving Elon Musk. by Squawk on the Street

43 min listen

Tesla Rallies, Q4 GDP at 2.9%, Southwest CEO on Q4 Loss and Holiday Travel Turmoil. 1/26/23: On a day full of earnings news, Carl Quintanilla and Jim Cramer led off the show with Tesla: Shares up sharply on record quarterly results and CEO Elon Musk's optimism about demand. Is the worst over for the stock? A CEO doubleheader: Southwest Airlines' Bob Jordan on everything from the carrier's fourth-quarter loss to its operational disruptions that resulted in a holiday travel meltdown -- and ServiceNow’s Bill McDermott on his company's earnings and the cloud. Also in focus: Economic growth slows to an annual rate of 2.9% in Q4 but slightly beats estimates, earnings winners and losers, Chevron's $75 billion share buyback program, IBM cutting 3,900 jobs, plus Cramer's message on investing in chip stocks. by Squawk on the Street

43 min listen

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

45 min listen

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

Snap Shares Plummet, Dow Aims For 3-Week Win Streak, AmEx Beats Are Not Enough, Plus a Cisco CEO Exclusive. 10/21/22: Carl Quintanilla, Jim Cramer and David Faber led off the show by discussing shares of Snap losing more than a quarter of their value and dragging other social media stocks lower. The parent of Snapchat posted a quarterly revenue miss, hurt by a slowdown in digital ad spending. Hear what Cramer thinks about the stock -- and the company. The anchors also explored the markets on track for a positive week, including the Dow looking to extend its weekly win streak to three for the first time this year. Also in focus: American Express shares fall despite upbeat quarterly results and guidance, the U.S. reportedly mulling security reviews for some of Elon Musk's ventures - including his deal to buy Twitter, earnings from Verizon and Whirlpool, hospital stocks plunge, plus David's exclusive interview with Cisco CEO Chuck Robbins. by Squawk on the Street

43 min listen

Powell Effect on the Markets, What to Expect From Apple’s Earnings, Peloton CEO Steps Down 5/2/24: Carl Quintanilla, Jim Cramer and David Faber led off the show with markets digesting Wednesday's post-Fed decision comments by Chair Jerome Powell. He said it is unlikely that the Fed's next move would be a rate hike. The anchors also discussed what to expect from Apple's quarterly results due out after Thursday's close of trading. Jim outlined what he sees ahead for the stock. Also in focus: Carvana soars, Qualcomm jumps, DoorDash tumbles, Peloton CEO Barry McCarthy steps down and the company cuts jobs, Tesla developments, Ford April auto sales, revisiting Wednesday's Starbucks stock plunge and exclusive interview with CEO Laxman Narasimhan. Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

Fed Summit Kicks Off, Guidance Hits Salesforce and Nvidia, Snowflake Heats Up and Peloton's $1.2B Loss. 8/25/22: Carl Quintanilla, Jim Cramer and David Faber led off the show with reaction to big tech earnings: Shares of Salesforce and Nvidia each down sharply on guidance that overshadowed both companies' quarterly results. The Fed also in the spotlight as the Jackson Hole Economic Symposium gets underway ahead of Friday's much-anticipated speech by Fed Chair Jerome Powell. The anchors discussed what Kansas City Fed President Esther George told CNBC about the state of inflation. Also in focus: Peloton shares tumble after the company missed expectations with a $1.2 billion quarterly loss, Snowflake shares surge on the cloud data platform's revenue beat, Tesla's 3-for-1 stock split goes into effect, and Amazon shutting down its telehealth service. by Squawk on the Street

43 min listen

JPM a Big Bank Earnings Winner, Boeing Shares Slide, Weak Retail Sales 4/14/23: Carl Quintanilla, Jim Cramer and David Faber broke down the earnings from banks including JPMorgan Chase, Citi and Wells Fargo -- along with BlackRock and regional player PNC -- and how the recent banking turmoil fits into the picture. JPM shares topped both the S&P 500 and the Dow, but Boeing shares took a hit. The jet makerwarned it will likely reduce 737MAXproduction and deliveries,due to a parts issue involving supplier Spirit Aerosystems-- whose shares fell by double digits. Also in focus: March retail sales declined by 1% -- twice as weak as economists had been expecting, UnitedHealth's Q1 beat and raised guidance, plus what’s behind the slump in EV stocks. The cast and creators of Amazon's "The Marvelous Mrs. Maisel" joined Carl on the NYSE floor after ringing the opening bell. Squawk on the Street Disclaimer by Squawk on the Street

42 min listen

Rebounding After the Sell-off, Micron CEO Exclusive, WBD-Paramount Watch 12/21/23: Carl Quintanilla, Jim Cramer and David Faber discussed the markets rebounding after a Wednesday sell-offthat snapped nine-day win streaks for the Dow and Nasdaq -- and resulted in the S&P 500's worst day since September. Micron CEO Sanjay Mehrotra joined the program to discuss the AI effect on quarterly results and guidance that gave a boost to the chipmaker's stock. Also in focus: Sources tell CNBC that Warner Bros. Discovery is mulling an acquisition of Paramount Global, what’s driving Thursday's top performers on the S&P 500, A double dose of Apple news, A preview of David's exclusive interview with Morgan Stanley's outgoing CEO James Gorman. Squawk on the Street Disclaimer Squawk on the Street Disclaimer by Squawk on the Street

46 min listen

Markets Rebound and Gas Prices Fall, Apple and Tech Hiring Slowdowns, the Twitter-Musk Court Date and “Big Blues” for IBM shares 7/19/22: Carl Quintanilla, Jim Cramer and David Faber discussed the rebound in stocks following Monday's market decline. The impact of the stronger dollar also in the spotlight as IBM shares fall despite a quarterly beat. The anchors also reacted to a report stating Apple plans to slow hiring and spending growth next year. Cramer lists the various factors investors should focus on in this market. Also in the mix: Reaction to Johnson & Johnson earnings, gasoline prices fall to two-month lows, Twitter vs. Elon Musk and what to expect from their first court hearing, Warren Buffett's Berkshire Hathaway boosts its stake in Occidental Petroleum, a preview of Netflix's after-the-bell earnings, plus bitcoin on the rebound. by Squawk on the Street

43 min listen

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

Tech’s Tough Week, Reaction to Apple's Two-Day Slump, Goldman Sachs CEO Exclusive 9/8/23: Carl Quintanilla and Jim Cramer wrapped up a holiday-shortened week with a look ahead for themarkets, especially in the tech sector. The Nasdaq entered Friday’s session in the midst of a four-day losing streak. The anchors reacted to Wall Street analyst notes about Apple shares falling 6% over two days -- in wake of headlines surroundingChina and the iPhone. Also in focus: David Faber's exclusive interview with Goldman Sachs CEO David Solomon, the United Auto Workers called General Motors 10% wagehike offer "insulting" ahead of next week's strike deadline, used car price inflation data, the Disney-Chartercable fee standoff, the Lions-Chiefs NFL season opener. Squawk on the Street Disclaimer by Squawk on the Street

44 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

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Dow Drag Down, Apple’s Coronavirus Warning, Walmart CEO Doug McMillon, Zuckerberg: Big Tech Needs More Regulation

Dow Drag Down, Apple’s Coronavirus Warning, Walmart CEO Doug McMillon, Zuckerberg: Big Tech Needs More Regulation

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