Squawk on the Street

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Markets Slump, Dimon's 20% Message, “Fedspeak” on Rate Hike Caution, and the Gig Is "Down" for Uber and Lyft 10/11/22 Oct 11, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber discussed the challenges facing markets in the midst of a four-session losing streak. The anchors reacted to JPMorgan Chase CEO Jamie Dimon's comments to CNBC: He said the S&P 500 could fall "another easy 20%." The Fed in the spotlight after two policymakers called for caution regarding interest rate hikes. Also in focus: Market bright spots, shares of Uber and Lyft tumble on news of a Labor Department proposal to change independent contractor rules, Meta gets downgraded and Russia reportedly added the company to its list of terrorists and extremists, how to play the chip stock slump, and the Bank of England expands bond buying to calm markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bouncing Between Red & Green, Evans’ Inflation Expectations, Autos Crushed, Rivian Recall, Chinese Chips Tumble 10/10/22 Oct 10, 2022

Show notes

David Faber and Jim Cramer break down the market action of the morning, as futures popped on the heels of comments from Chicago Fed President, Charles Evans. Fed President Evans said signs of the labor market strength may be waning, that he sees rates remaining at 4.5% for some time, and restrictive financial conditions required to bring inflation down. Plus, shares of automakers were getting crushed. UBS downgraded both Ford and General Motors, saying the industry is rapidly moving toward vehicle oversupply following three years of unprecedented pricing power. Rivian shares were getting crushed after recalling nearly all of its vehicles to fix potential steering issues. Chinese chip makers got hammered after the U.S. announced new export controls aimed at limiting Beijing’s ability to produce advanced military systems. The sweeping rules mean companies must apply for a license if they want to sell certain advanced computing semiconductors or related manufacturing equipment to China. Jim and David broke down the other movers of the morning including Blackrock, Twitter, P&G, Kraft Heinz and Merck. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jobs Report and "Fed for Thought", The White House Reacts, AMD Warns and the Elon Musk-Twitter Deadline 10/7/22 Oct 07, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off with the story of the morning: September employment data show non-farm jobs growth slowed to 263,000 -- while the unemployment rate fell to 3.5%. Cramer said negative market reaction to the report shows "the Fed is winning." Labor Secretary Marty Walsh joined the program with Biden Administration reaction to the jobs data. Also in focus: AMD drags down the chip sector with a revenue warning, A judge postpones the Elon Musk-Twitter trial and sets a deadline for both sides to close the deal, and "emotional sales" in the tech sector. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets Watching "Fedspeak" and Inflation, White House Slams OPEC+, and the Musk-Twitter Saga Rolls On 10/6/22 Oct 06, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber explored choppy moves in the markets, as investors focus on Fed policymakers' comments about inflation and the path ahead for interest rate hikes. Cramer weighs in on whether or not the chip sector has bottomed out. Oil prices in the spotlight: The White House blasts OPEC+ after the group agreed to a two million barrels per day output cut on Wednesday. Also in the mix: The latest on Elon Musk's attempt to buy Twitter, the challenges facing Meta, more job cuts at Peloton and how certain stocks are moving on CEOs' pricing comments. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Q4 Rally Takes a Detour, OPEC+ Deep Cuts Watch, and Elon Musk's About-Face on $44B Twitter Deal 10/5/22 Oct 05, 2022

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Carl Quintanilla, Morgan Brennan and Mike Santoli discussed what to make of stock markets pulling back after their biggest two-day gains in more than two years. Energy in the spotlight: A report from on the ground at the OPEC+ meeting in Vienna, Austria as oil ministers discuss cutting output. What are energy CEOs saying about it? Also in focus: The future for Twitter now that Elon Musk has changed course and wants to go forward with the $44 billion takeover deal, San Francisco Fed President Mary Daly on "toxic" inflation, Amazon's hiring freeze, Morgan Stanley's Adam Jonas' note on Ford and General Motors, and what L3 Harris' CEO told Morgan about OPEC+ and its potential impact on the defense industry. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Q4 Rally Day 2, Oil Surges Ahead of OPEC+, and Finding Value In This Market. 10/4/22 Oct 04, 2022

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One day after stocks kicked off the fourth-quarter with a big rally, Carl Quintanilla, Jim Cramer and David Faber discussed the markets extending their surge while Treasury yields pull back -- and oil prices continue to spike on expectations OPEC and its allies will cut oil output at their meeting on Wednesday. What does it all mean for your money and buying opportunities? Also in focus: "Fedspeak" watch, Morgan Stanley analyst Adam Jonas' note on auto sales, Ford's sales report card, Cathie Wood's ARK snaps up Tesla shares, playing the chips, Micron pledges a $100 billion chip factory investment in upstate New York, Credit Suisse shares extend rebound, and Cramer's case for buying P&G Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

It's October! Stocks and Oil Surge, Tesla Falls, Credit Suisse On Defense and Kim Kardashian Settles SEC Charges 10/3/22 Oct 03, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber explored the market rally kicking off the first trading day of October. The anchors reacted to the latest calls by equity strategists at Morgan Stanley, Goldman Sachs and Citi. Crude oil and energy stocks jumped on reports OPEC+ countries are mulling an oil output cut. Also in focus: Tesla shares fall despite record third-quarter deliveries, Credit Suisse's CEO tries to reassure investors amid a stock slide, The UK prime minister's tax cut U-turn, and Kim Kardashian agrees to pay the SEC more than $1 million to settle charges linked to a crypto promo on her Instagram. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

End of September and Q3: Bulls Say "Good Riddance," Nike Slumps and An Exclusive With Micron's CEO. 9/30/22 Sep 30, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber keep an eye on "Fedspeak" on the final trading day of a rough September and third quarter for the broader market. The anchors reacted to Morgan Stanley CEO James Gorman telling CNBC he's "not seeing panic." Earnings also in the spotlight: Nike shares tumble despite a quarterly beat, with margins being pressured amid excess inventory and a stronger dollar. Micron CEO Sanjay Mehrotra joined the program exclusively to discuss the chipmaker's quarterly results and why it sees tougher times ahead. Also in focus: Guidance and losses send Carnival shares toward 30-year lows, SPAC dreams die and Meta's hiring freeze -- what's next for the stock? 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 #19: SpaceX’s Astronaut Corps with Jared Isaacman Sep 29, 2022

Show notes

SpaceX and Shift4 CEO Jared Isaacman are heading back to space-- training for the first of three human space flights under the Polaris program. Polaris establishes a private astronaut corps for SpaceX and will culminate in the inaugural flight of mega Starship rocket with people onboard. Polaris Dawn is set to launch as early as December, with the first ever commercial spacewalk and test of Starlink communications. The tech billionaire joins Morgan in the midst of fighter jet training to talk SpaceX and the state of commercial space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Sell-off Erases Wednesday's Rally, Apple Falls on Downgrade, and a "Sea of Red" for Tech 9/29/22 Sep 29, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber discussed the markets wiping out gains from Wednesday's rally as bond yields resume their increase amid worries about higher rates, inflation and slower growth. Early in Thursday's session, all Nasdaq 100 stocks were moving to the downside. Where are the buying opportunities? The anchors also reacted to dueling Apple calls: Bank of America downgrades the stock, while Rosenblatt upgrades it. Also in focus: Cleveland Fed President Loretta Mester on inflation and rates, What Blackstone President & COO Jonathan Gray told at "Delivering Alpha" and CarMax tumbles on an earnings miss, citing "affordability challenges." 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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