Nvidia on Deck, Palo Alto Networks Plunge, Live: Brian Moynihan 2/21/24

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

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

Big Banks Report, Dow Record High, Delta Flies Lower 01/12/24: Carl Quintanilla and Jim Cramer began the show by breaking down the big bank earnings with JPMorgan, Wells Fargo, Bank of America and Citi all reporting results. JPMorgan’s profit fell for the fourth quarter after paying a $2.9 billion fee tied to the government seizures of failed regional banks last year. The anchors then shifted to the week’s second batch of inflation data, after wholesale prices unexpectedly declined in December, providing a positive signal for inflation. Other headlines this hour included: Delta Air Lines shares falling after trimming its 2024 earnings forecast, and Bitcoin ETFs seeing $4.6B in volume in their first day of trading. 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

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

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

BlackRock CEO Fink's Message to Investors, Baltimore Bridge Collapse, Trump Media Shares Soar 3/26/24: Carl Quintanilla and Jim Cramer began the show with Larry Fink's annual letter to investors, in which the BlackRock CEO warns of a crisis when it comes to saving for retirement. The anchors discussed what he told Jim in an interview set to air on "Mad Money" Tuesday night. Also in focus: The Francis Scott Key Bridge collapse in Baltimore, Truth Social parent Trump Media & Technology Group soars after beginning trading under ticker symbol DJT, Reddit continues to rally after its own public debut last week, mega-tech roundup, UPS' growth strategy, should GE CEO Larry Culp be Boeing's next leader? Squawk on the Street Disclaimer by Squawk on the Street

42 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

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

Inflation Watch Day 2, Alphabet and Microsoft Spark Tech Rally, Exclusive: Micron and Chevron CEOs 4/26/24: One day after rate fears weighed on stocks, Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to the Fed's favorite inflation measure: March Core PCE came in slightly above consensus forecasts on a year-over-year basis. The anchors also engaged in a wide-ranging discussion about Alphabet and Microsoft lifting the tech sector. Both companies posted Q1 beats amid their AI push. A CEO doubleheader: Micron's Sanjay Mehrotra joined the program at Post 9 to discuss being awarded up to $6.1 billion in CHIPS Act grants. Chevron's Mike Wirth offered his take on earnings, oil and natural gas prices and his company's deal to acquire Hess. Also in focus: Snap soars, Intel tumbles. Squawk on the Street Disclaimer by Squawk on the Street

43 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

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

Big Banks Beat, Microsoft-Activision Deal Closes, Exclusive: BlackRock’s Larry Fink 10/13/23: Carl Quintanilla and Jim Cramer began the hour by breaking down quarterly results from the big banks as JPMorgan, Citi and Wells Fargo all beat earnings estimates. The anchors also discussed the Microsoft-Activision deal officially closing after the UK’s CMA gave the green light for the $69 billion transaction. After the opening bells, the desk spoke exclusively with Blackrock CEO Larry Fink, who joined the anchors on set at Post 9. BlackRock posted a rise in profits, and reached over $9 trillion in assets under management. Squawk on the Street Disclaimer by Squawk on the Street

47 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

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

Stickier Inflation, Another Hat in the Ring, Retailers Rally 5/24/23: Carl Quintanilla, David Faber and Jim Cramer began the hour with the markets; The Nasdaq suffered its worst daily performance in about a month, and the Dow was on pace for its 4th straight negative session in a row. During CNBC’s CEO Council Summit, David Solomon told the panel that he believes inflation is going to be “stickier and more resilient.” The anchors also turned to Gov. Ron DeSantis, expected to formally launch his presidential bid later tonight in a discussion with Twitter CEO Elon Musk. After the bells the desk hit a slew of earnings, including retailers like Kohl’s and Abercrombie & Fitch, which both rallied sharply on their latest results. Squawk on the Street Disclaimer by Squawk on the Street

44 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

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

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

Nvidia’s Blowout Quarter, Fitch’s Warning, Exclusive: Toll Brothers CEO 5/25/23: Carl Quintanilla and Jim Cramer began the show by breaking down Nvidia’s stellar quarter getting a big boost from AI chip demand. The company easily topped earnings estimates and posted a shocking strong forward outlook, with CEO Jensen Huang saying the company was going to have a “giant record year.” The anchors also turned to the broader markets as Fitch put the United States’ AAA long-term foreign-currency issuer default rating on negative watch, pointing to brinksmanship over the debt ceiling. Shares of Toll Brothers rallied after RBC upgraded the stock to “outperform”; Toll Brothers CEO Doug Yearley joined the show exclusively to discuss housing prices and the company’s latest quarter. Squawk on the Street Disclaimer by Squawk on the Street

44 min listen

Netflix's "Less Bad Results," Markets After July's Biggest One-Day Rally and Twitter Wins Round One in Court Over Elon Musk. 7/20/22: Carl Quintanilla, Jim Cramer and David Faber led off the program with an in-depth discussion about Netflix's second-quarter results, including nearly one million subscriber losses -- fewer than expected. The anchors weighed in on Co-CEO Reed Hastings' earnings call comments: He said his excitement about Netflix is "tempered by the less bad results." What does it all mean for the company and its streaming competition? Also in focus: The road ahead for markets after their biggest one-day rally in nearly a month, a Delaware judge agrees to Twitter's request for an expedited trial in its battle to enforce Elon Musk's $44 billion takeover agreement, and Cathie Wood's ARK to shut down one of its ETFs for the first time in her firm's history. by Squawk on the Street

43 min listen

From Post-Fed Rally to Rate Hike-Fueled Sell-off: Techs Tumble and the Dow Falls Below 30,000. 06/16/22: One day after stocks rallied following the Fed's biggest interest rate increase since 1994, Carl Quintanilla, Jim Cramer and David Faber discussed the sell-off that erased Wednesday's gains and sent the Dow below 30,000. Rate hikes by central banks in England and Switzerland fueled inflation worries and recession fears. The anchors delved into why tech stocks including Apple and Microsoft have taken a hit, as well as how investors can find protection in this market. Also in focus: Comments by DoubleLine CEO Jeffrey Gundlach and MicroStrategy CEO Michael Saylor on the bitcoin slump, and Elon Musk prepares to meet with Twitter employees for the first time since offering to buy the company. by Squawk on the Street

50 min listen

Busiest Week of Earnings, Coca-Cola’s Q1 Beat, Bed Bath & Bankrupt 4/24/23: Carl Quintanilla, Jim Cramer and David Faber began the hour with a look at the big earnings week ahead with 178 S&P companies getting ready to report, including some mega-cap tech names. The anchors also hit Coca-Cola’s latest quarter, after the company reported a beat on the top and bottom lines; results received a boost from price hikes and higher demand. For Cramer’s “Mad Dash” he hit Bed Bath & Beyond after the company filed for bankruptcy protection following its failed turnaround efforts. Later in the hour, David Faber had a “Faber Report” on the UK CMA’s final decision on the Microsoft-Activision deal due Wednesday. He also warned our viewers on the “highly questionable” $10/share bid that Getty received from Trillium Capital. 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

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

Fed Ahead of the "Hole", Housing Cooldown Worries and Retail Detail: Bed Bath Surges and Nordstrom Tumbles. 8/24/22: Carl Quintanilla, Jim Cramer and David Faber discussed markets, the Fed and potential rate hikes ahead of the Jackson Hole Economic Symposium set to begin on Thursday. The anchors reacted to Minneapolis Fed President Neel Kashkari's biggest fear when it comes to battling inflation. Housing cooldown concerns also in the spotlight after luxury homebuilder Toll Brothers lowered full-year deliveries guidance. Carl, Jim and David covered the bases on retail, including shares of Bed Bath & Beyond surging on a report stating the company had reached a financing pact, while Nordstrom shares tumbled on the department store chain’s outlook. Also in focus: Peloton strikes a deal to sell products on Amazon, T-Mobile U.S. nearing Verizon's market cap, a preview of after-the-bell earnings from Salesforce, Nvidia and Snowflake, plus David on Elon Musk vs. Twitter and what to expect from by Squawk on the Street

42 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

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

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

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

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Nvidia on Deck, Palo Alto Networks Plunge, Live: Brian Moynihan 2/21/24

Nvidia on Deck, Palo Alto Networks Plunge, Live: Brian Moynihan 2/21/24

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