Squawk on the Street

Latest Episodes:

Tesla's Record Profit and Musk's Optimism, Airlines Surge On Profitability Outlook, Netflix After the Plunge, and An Exclusive With Lululemon's CEO 4/21/22 Apr 21, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with Tesla shares up sharply after the company posted a record quarterly profit despite supply chain challenges. The anchors reacted to earnings call comments from Elon Musk: He said he has "never been more optimistic" about Tesla's future. American Airlines and Delta also in rally mode after forecasting profitability for the second quarter. Lululemon CEO Calvin McDonald joined the program exclusively to discuss his company's five-year growth plan to double revenue by 2026. Also in focus: Musk disclosed he has secured $46.5 billion in financing commitments for his Twitter takeover bid, and Bill Ackman’s hedge fund dumps its stake in Netflix: The stock extending losses one day after plummeting 35%. Plus, what sources are telling David about embattled hedge fund Melvin Capital. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Netflix Shares Plummet On Subscriber Losses: Exploring What's At Stake for the Company and Its Streaming Rivals 4/20/22 Apr 20, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber took a deep dive into Netflix shares losing a third of their value. The company posted quarterly subscriber losses for the first time in more than a decade -- and expects a drop of two million subscribers in the current quarter. Cramer weighs in on whether now's the time to buy the stock. The anchors reacted to Netflix Co-CEO Reed Hastings' comments on considering an advertising option and looking for ways to monetize account sharing. They also discussed Netflix's impact on shares of streaming rivals such as Disney, Paramount Global and Warner Bros. Discovery, as well as the parade of Wall Street analysts downgrading Netflix. Also in focus: Markets look to extend Tuesday's rally, IBM and Procter & Gamble beat the street, Lululemon's five-year growth plan, and chip stocks in the green. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

IMF Cuts Global Growth Outlook, Fed's Bullard and "75” Talk, Airlines Drop Mask Requirements on Judge’s Ruling, Blackstone's $13B Deal, plus Musk, Twitter -- and Apollo? 4/19/22 Apr 19, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with breaking news: The IMF cutting its 2022 global growth forecast to 3.6%. The anchors explored what that news means for investors -- and reacted to comments by St. Louis Fed President James Bullard, who said he wouldn't rule out a 75 basis point rate hike. U.S. airlines in the spotlight, dropping mask requirements for passengers and crew members after a federal judge overturned the CDC's mask mandate for airlines, airports and public transportation. Also in focus: Natural gas tumbles and stocks rally, Johnson & Johnson leads the earnings parade, sources say Apollo Global Management may be willing to provide financing for a Twitter buyout, what to expect from Netflix's after-the-bell results, and Blackstone’s $13 billion bet on campus housing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

BofA Kicks Off a Big Earnings Week, Musk's Takeover Offer: Should Twitter "Take the Money ... and Run"? Plus -- Didi Tumbles In Preparation for U.S. Delisting. 4/18/22 Apr 18, 2022

Show notes

Carl Quintanilla, David Faber and Morgan Brennan led off the show with Bank of America's better-than-expected quarterly results, kicking off a busy week of earnings reports as the 10-year note yield rises to highs not seen since late 2018. MoffettNathanson Senior Managing Director Michael Nathanson joined the program to discuss why Twitter should "Take the money ... and run" and accept Elon Musk's takeover offer. Also in focus: An inside look at Rivian and its supply chain challenges with shares of the electric vehicle startup down more than 60% year-to-date, Didi shares tumble after the Chinese ride-hailing firm schedules a vote on delisting from the U.S., and a report from on the ground in China on the impact of Shanghai's weeks-long lockdown as it battles a COVID outbreak. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Elon Musk Offers to Buy Twitter 4/14/22 Apr 14, 2022

Show notes

Carl Quintanilla and Jim Cramer begin the hour with breaking news, discussing Tesla CEO Elon Musk’s offer to buy Twitter for $54.20 a share, or about $43 billion. In a letter sent to Twitter Chairman Bret Taylor, Elon Musk wrote “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.” Jim Cramer went on to say that he believes that Twitter’s board has ‘no choice’ but to reject Musk’s offer. Also in the mix: Bank earnings continued with Goldman Sachs, Morgan Stanley, Citigroup and Wells Fargo all reporting results. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

JPM’s Profit Plunge, Fed’s “Fantasy,” Delta Shares Soar 4/13/22 Apr 13, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber begin the hour by breaking down JPMorgan’s Q1 results. The big bank reported a $524 million hit from market dislocations caused by Russian sanctions. The company’s profit dropped 42% from a year earlier to $8.28 billion. Another big name reporting results to watch is Delta Air Lines, announcing it is expecting a return to profit this quarter thanks to a jump in bookings and fares. Also in the mix: St. Louis Fed President James Bullard said it is a “fantasy” to believe modest rate rises can effectively combat inflation. 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 Episode #10: Small Satellites & SPACs with Terran Orbital’s Marc Bell 4/12/22 Apr 12, 2022

Show notes

As the satellite market heats up and stock market cools, Morgan discusses the small satellite landscape with Marc Bell, co-founder, chairman & CEO of recently-public small satellite manufacturer Terran Orbit. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation Nation, China’s Covid Lockdowns Causing Chaos, Apple CEO Speaks Out on Privacy Security 4/12/22 Apr 12, 2022

Show notes

Carl Quintanilla and Jim Cramer react to the massive inflation data. CPI jumping 8.5% for a year prior, slightly hotter than what economist had anticipated. It is the highest year-over-year gain since the early days of the Reagan Administration back in December of 1981. Plus, China continuing to deal with its Covid lockdown. The U.S. State department now ordering all non-emergency government staff in shanghai to leave, and U.S. citizens to reconsider travel to China. CarMax shares slumping after a bottom line miss for its latest quarter, as sales volumes are slowing and average selling prices continue to rise. Plus, Tim Cook taking the podium at the International Association of Privacy Professionals’ Global Privacy Summit. Carl & Jim respond to Cooks comments on the fight for privacy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Musk Opts Out, Nio Hikes Prices & Suspends Production, Cleveland Fed President Mester: Increased Recession Risk, A New Era for Warner Bros. 4/11/22 Apr 11, 2022

Show notes

Carl Quintanilla, Jim Cramer and David Faber discuss the big breaking news of the morning. Twitter CEO, Parag Agrawal announcing Elon Musk decided not to join the company’s board. He writes in the announcement, “I believe this is for the best. We have and will always value input from our shareholders whether they are on our board or not. Elon is our biggest shareholder and we will remain open to his input.” Musk over the weekend tweeting a number of ideas about how he wanted to change the social media company, which have since been deleted. One tweet suggested turning Twitter’s San Francisco HQ into a homeless shelter because “no one shows up anyways.” Amazon’s Jeff Bezos responded to that tweet saying it was a great idea and shared a story of a similar initiative at Amazon. Plus, David breaks down the future of Warner Brothers Discovery, which began trading over at the Nasdaq at the open. Carl, Jim and David discuss investor and economist fears of a recession ahead. Including comments from Cleveland Fed President Loretta Mester saying there is an increased risk of recession, but she remains optimistic. Also, Nio shares slumping on news it’s going to be hiking prices and suspending its production. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Going "Ape" As Goldman Says "Sell" Robinhood, Musk's Tesla "Cyber Rodeo," and Thiel Slams Buffett and Other "Enemies" of Crypto. 4/8/22 Apr 08, 2022

Show notes

Jim Cramer and David Faber led off the show with Robinhood being downgraded to "sell" by Goldman Sachs. Are we in the midst of a retreat by the apes? The anchors also discussed Elon Musk and Tesla's grand opening of its new $1.1 billion "Gigafactory" in Texas, as well as the company's goals for producing the Cybertruck and other vehicles. Jim and David also reacted to harsh words billionaire investor Peter Thiel had for Warren Buffett at a bitcoin conference. Thiel called Buffett a "sociopathic grandpa from Omaha" and listed him, Jamie Dimon and Larry Fink as "enemies" of crypto. Also in focus: A rough week for tech and the transports, advertising slowdown worries, and the WarnerMedia-Discovery merger deal on the verge of closing. 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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