Squawk on the Street

Latest Episodes:

Microsoft Slides on Cloud-y Outlook, Boeing CEO on Q4 Miss, DOJ Sues Google...Again 1/25/23 Jan 25, 2023

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with shares of Microsoft falling on news of the company's weaker-than-expected cloud business forecast. What's at stake for big players in the cloud including Amazon? Boeing CEO Dave Calhoun joined the program to discuss his company's Q4 results that missed Wall Street estimates. The anchors also reacted to the Justice Department and attorneys general in eight states suing Google on antitrust grounds, accusing the Alphabet unit of "monopolizing digital advertising technologies." Also in focus: AT&T shares jump on stronger-than-expected Q4 wireless subscriber growth, plus Cramer explains why enterprise software is "the new natural gas." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Industrials Report, NYSE Trading Issues, Raytheon CEO Greg Hayes 1/24/23 Jan 24, 2023

Show notes

Carl Quintanilla, Jim Cramer and David Faber began the show by discussing the quarterly results for industrial giants 3M and GE. 3M shares were under pressure in early trading after missing on earnings; separately, the company announced that it will cut 2,500 jobs. Other names out with reports included Johnson & Johnson, Lockheed Martin, and Union Pacific. After the opening bell, several stocks were halted on the New York Stock Exchange due to an apparent technical issue. Major names impacted included Verizon, Wells Fargo and McDonald’s. To close out the hour, Morgan Brennan joined the desk to participate in an exclusive interview with Raytheon Technologies Chairman & CEO, Greg Hayes. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Activist Attention, More Tech Layoffs, Semis Surge 1/23/23 Jan 23, 2023

Show notes

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Netflix Subs Beat Forecasts and Hastings Steps Down As Co-CEO, Alphabet to Cut 12,000 Jobs. 1/20/23 Jan 20, 2023

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with Netflix shares up sharply in reaction to larger-than-expected quarterly subscriber growth. The company also announced that founder Reed Hastings stepped down as Co-CEO and would stay on as executive chairman. COO Greg Peters succeeded Hastings as Co-CEO and is serving in that role alongside Ted Sarandos. What does it all mean for Netflix stock? The anchors also reacted to Alphabet becoming the latest tech giant to announce layoffs. The parent of Google said it plans to cut about 12,000 jobs or 6% of its workforce. Also in focus: Wayfair laying off about 10% of its workforce amid slumping sales, The FDA rejects accelerated approval of Lilly's Alzheimer's drug, plus what to expect from next week's earnings barrage -- including results from Microsoft, Tesla and Boeing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets Extend Losses, Dimon and Gorman in Davos, Low Tide for P&G, Bracing for Netflix Earnings 1/19/23 Jan 19, 2023

Show notes

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? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Big Tech Layoffs: Microsoft to Eliminate 10,000 Jobs 1/18/23 Jan 18, 2023

Show notes

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

Goldman Misses on Earnings, Morgan Stanley Beats, Disney Fires Back At Peltz 1/17/23 Jan 17, 2023

Show notes

Jim Cramer and David Faber delved deeper into another set of big bank earnings, discussing what to make of Goldman Sachs posting weaker-than-expected quarterly results while Morgan Stanley beats on profits and revenue. Breaking news on the Disney-Nelson Peltz proxy fight: Disney strikes back at the activist investor, saying he "lacks the skills" to assist the company's board. Also in focus: China's economic growth slowed sharply in 2022 to 3% due to COVID lockdowns, Trial day for Elon Musk over his Tesla tweets, Emerson goes hostile on the M&A front and Guggenheim downgrades Microsoft to "Sell." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bank Earnings Parade, BlackRock CEO Larry Fink "First on CNBC" and Tesla Falls on Price Cuts 1/13/23 Jan 13, 2023

Show notes

Jim Cramer and David Faber took an in-depth look into quarterly results from JPMorgan Chase, Bank of America, Citigroup and Wells Fargo. It is time to buy the banks? BlackRock Chairman & CEO Larry Fink joined the program. In a wide-ranging interview, the head of the world's largest asset manager discussed his firm's earnings, long-term investing and the ESG backlash. Also in focus: Tesla shares fall sharply and drag the auto sector lower after the company slashed vehicle prices in the U.S. and Europe, while shares of Delta Air Lines slump despite better-than-expected Q4 results. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Consumer Inflation Eases, Nelson Peltz "First on CNBC" on Disney Proxy fight 1/12/23 Jan 12, 2023

Show notes

Carl Quintanilla, Jim Cramer and David Faber focused on two big stories: Key inflation data showing the December Consumer Price Index down 0.1% from November levels and easing year-over-year for a sixth consecutive month -- and Trian nominates activist investor Nelson Peltz for a seat on Disney's board. Peltz joined the program to discuss his proxy fight against Disney and the changes he would like to see at the Magic Kingdom. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

FAA System Outage Disrupts Airlines, Markets Brace for CPI, "Growth Purgatory" for Salesforce? 1/11/23 Jan 11, 2023

Show notes

Carl Quintanilla, Jim Cramer and David Faber focused on the airlines after the Federal Aviation Administration grounded flights nationwide due to a system outage. The FAA eventually allowed flights to resume but airlines experienced thousands of delays and hundreds of cancellations. The anchors also discussed inflation and the markets ahead of Thursday's CPI data -- and reacted to eye-opening takes on the market from Morgan Stanley CIO Mike Wilson and DoubleLine CEO Jeffrey Gundlach. Also in focus: Bernstein downgrades Salesforce and sees "growth purgatory" for the company, FTX founder Sam Bankman-Fried's comments to Puck News, Tesla files to expand its Texas Gigafactory, "Faber Report": Will WWE Sell? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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