Squawk on the Street

Latest Episodes:

Markets Try to Extend Rally, China Tech Stocks Tumble, Tesla's "Redder" October and an Investor's Meta "Verse" for Zuckerberg. 10/24/22 Oct 24, 2022

Show notes

After the best week for stocks since June, Carl Quintanilla, Jim Cramer and David Faber discussed a tale of two markets: The major indices look to extend Friday's rally as we begin a big week for mega-cap tech earnings, while China tech stocks take a beating after President Xi wins a third term and tightens his grip on power. Speaking of China, Tesla is cutting the price of its vehicles in that country, adding to what has been a rough month for the stock. The anchors also explored a double dose of Meta: Bank of America downgraded the stock to "neutral" and Brad Gerstner -- CEO of tech investment firm Altimeter Capital -- is calling on Mark Zuckerberg to cut costs and reduce spending at Meta. Also in focus: The jump in health-related stocks, the Musk-Twitter deal deadline looms, Schlumberger rebrands itself as "SLB" and Wall Street debates the chances of a recession. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Snap Shares Plummet, Dow Aims For 3-Week Win Streak, AmEx Beats Are Not Enough, Plus a Cisco CEO Exclusive. 10/21/22 Oct 21, 2022

Show notes

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

UK PM Resigns, Musk Talks Tesla, AT&T and IBM Beat on Earnings and the 10-Year Yield Hits a 2007 High 10/20/22 Oct 20, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with breaking news: UK Prime Minister Liz Truss resigns after 44 days in office and market turmoil during her term. Tesla shares fall on mixed quarterly results and a lowered vehicle delivery target. Should you buy the stock? The anchors reacted to comments Tesla CEO Elon Musk made on the company's earnings call -- including that he sees a "potential path for Tesla to be worth more than Apple and Saudi Aramco combined." Also in focus: AT&T and IBM jump on quarterly results, Musk on Twitter, the 10-year note yield rises to 2007 highs, but “Bond King" Jeffrey Gundlach tweets "Treasury yields may well be peaking between now and year-end." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets & Earnings: Netflix Surges, P&G Beats, United Shares Take Flight, But Yields Also Rise. 10/19/22 Oct 19, 2022

Show notes

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. 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 Rally, Goldman Beats, Salesforce and Colgate Jump on Activist Moves and Microsoft Cuts More Jobs 10/18/22 Oct 18, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber discussed the markets extending Monday's rally as Goldman Sachs leads names posting better-than-expected earnings. The anchors reacted to what Goldman CEO David Solomon told CNBC about the possibility of a recession. While at the "13D Monitor Active-Passive Investor Summit," Faber broke news that sparked a jump in shares of Salesforce: Starboard Value has taken a stake in the Dow component. Is this a sign that enterprise software stocks are worth buying? Also in focus: Microsoft confirms additional job cuts, Johnson & Johnson earnings, buying opportunities in the banking sector, plus a "Faber Report": Dan Loeb's Third Point takes a stake in Colgate-Palmolive. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets Rally, BofA's Earnings Beat, Apple Named a "Top Pick" and Murdoch Weighs Reuniting Fox, News Corp. 10/17/22 Oct 17, 2022

Show notes

After Friday's sell-off, Carl Quintanilla, Jim Cramer and David Faber discussed the new week beginning with a market rally, as investors digested new earnings reports and the U.K. reversed almost all of its tax cut plans. Bank of America posted better-than-expected quarterly results. Cramer offered his take on BofA Chair & CEO Brian Moynihan's leadership. The anchors also weighed in on a market note from Morgan Stanley Chief U.S. Equity Strategist Mike Wilson and comments from St. Louis Fed President James Bullard on hiking interest rates. Also in focus: Goldman Sachs plans an organizational shakeup, Morgan Stanley names Apple a "top pick," sources tell David that activist investor Starboard Value has taken a large stake in Splunk, plus a "Faber Report" on Rupert Murdoch considering a Fox-News Corp merger after splitting the companies a decade ago. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

After the Massive Rebound: Big Bank Earnings, UK PM's Tax Cut U-Turn and Kroger Buys Albertsons 10/14/22 Oct 14, 2022

Show notes

The morning after stocks staged an historic one-day turnaround, Carl Quintanilla and Jim Cramer discussed market volatility and what to make of earnings from big banks including JPMorgan Chase, Wells Fargo, Citigroup and Morgan Stanley. The anchors also reacted to UK Prime Minister Liz Truss' decision to fire the country's chancellor and reverse planned corporate tax cuts -- in wake of recent market turmoil in Britain. Also in focus: Kroger agrees to acquire supermarket rival Albertsons in a $24.6 billion deal, the Apple-Goldman Sachs high yield accounts partnership, why travel stocks are rallying, a price target hike for Netflix, a Musk-Twitter saga twist, plus the bank stock Cramer says is "low risk, high reward." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation Report Sparks Market Sell-off, Bond Yields Jump and Alpha for Delta 10/13/22 Oct 13, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off with the big inflation news of the morning: The Consumer Price Index for September coming in hotter-than-expected -- erasing a pre-market rally, sparking a sell-off and a spike in bond yields. How do you go about finding opportunity in this market? Also in focus: Delta's record Q3 revenue and upbeat guidance, chip sector moves, gilt yields fall on reports we could see further U-turns on the UK government's mini-budget, Wall Street upgrades including Meta, Musk-Twitter latest, and what an ExxonMobil executive told David about low carbon as a growth strategy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Manifest Space #20: Firefly’s First Successful Launch with CEO Bill Weber Oct 13, 2022

Show notes

The list of American commercial space companies with successful launches just got a little longer. Coming on the heels of its first-ever launch to orbit and satellite deployment, Morgan Brennan speaks with Firefly Aerospace CEO Bill Weber about the rocket startup’s ambitious outlook. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation Watch, Intel Reportedly Plans Job Cuts, PepsiCo Pops, Moderna Surges and Zuckerberg Talks Metaverse 10/12/22 Oct 12, 2022

Show notes

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. 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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