Squawk on the Street

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J&J Joins the "Split" Club, Big Week for EVs, Elon Musk Taunts Rivian and Iceland Mocks Zuckerberg's "Meta" Announcement. Nov 12, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off with a big story: Johnson & Johnson announced it plans to split into two companies, separating its consumer business from pharmaceuticals and medical devices. What does history tell investors about the stock performance of companies that break up -- and will this trend continue in the pharma sector? A big week for the electric vehicle space as Rivian's valuation surpasses $100-billion, giving the company's founder and CEO R.J. Scaringe a stake worth about $2.2-billion. The anchors also reacted to Tesla CEO Elon Musk's tweet that taunted Rivian with a message about the "true test" of success. Also in focus: Mark Zuckerberg gets trolled in an Icelandic tourism ad mocking his "Meta" name change announcement, Nvidia gets downgraded, and MSCI CEO Henry Fernandez on everything from China trends to rating companies' commitment to ESG, and what’s at stake for investors. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

No "Plus" For Disney, Rivian's Market Cap Tops GM and Ford, Tesla's Musk and AMC's Aron Selling Shares, Affirm Soars and Beyond Meat Plunges Nov 11, 2021

Show notes

Carl Quintanilla. Jim Cramer and David Faber led off the show with a slump in shares of Disney on weaker-than-expected Q4 earnings, revenue and Disney+ streaming subscriber growth: Should you buy on the dips? As for the biggest U.S. IPO since 2014: Rivian extended gains and lifted shares of its rivals one day after its strong public debut. The EV maker's market cap surpassed $90-billion, making it more valuable than General Motors and Ford. Elon Musk sold around $5-billion worth of Tesla shares this week, while AMC Entertainment CEO Adam Aron filed to sell $53-million worth of his stock, which has skyrocketed this year as one of the original “meme stocks.” Also in focus: Affirm soars after the buy-now-pay-later firm expands its partnership with Amazon and beats on quarterly revenue, Beyond Meat tumbles on a wider than expected loss, The inflation debate surrounding oil and gas production -- and honoring the men and women of the U.S. military in observance of Veterans Day. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

EV Startup Rivian: The Biggest IPO of the Year, Three-Decade High Inflation Move, The End of Nasdaq's 11-Day Win Streak, and Discovery CEO Zaslav and Fmr. Honeywell CEO Cote Weigh In On GE's Planned Breakup Nov 10, 2021

Show notes

Jim Cramer and David Faber began the show by discussing the biggest IPO on a U.S. exchange since Alibaba in 2014. Rivian -- the electric vehicle maker backed by Amazon and Ford -- raises more than $11-billion in its public offering and lists on the Nasdaq under ticker symbol RIVN. Jim and David explored Rivian's public debut, its expected valuation and what it means for EV rivals such as Tesla, which saw its shares fall 16% on Monday and Tuesday combined. Inflation also in the spotlight: The Consumer Price Index jumped 6.2% in October for its biggest year-over-year surge since 1990. Two former GE executives joined the program to discuss the company's planned breakup: Discovery CEO David Zaslav and former Honeywell CEO Dave Cote. Also in focus: Nasdaq looks to bounce back after ending its 11-day win streak, and several stocks making double-digit moves on earnings news, including Doordash's big surge. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

General Electric CEO on Splitting GE Into Three Companies, Robinhood Gets Hacked and Nvidia Bets on the Metaverse Nov 09, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with the big news of the morning: Legendary conglomerate General Electric announced it plans to split into three publicly-traded companies, representing aviation, healthcare and energy. GE Chairman & CEO Larry Culp appeared on the program to discuss why he thinks such a breakup is the right way forward for the company. Also in focus: Robinhood shares fall after the trading platform disclosed a data security breach that took place last week and affected seven million customers, Nvidia jumps after unveiling its metaverse platform and strategy, Roblox soars among earnings movers and AMC falls despite the movie theater chain's narrower-than-expected loss. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Dow Hits a Record High, Infrastructure Bill Bounce, Tesla Falls After Musk's Twitter Poll, an Exclusive with PepsiCo's CEO, plus Nextdoor's CEO on the Company's Public Debut Nov 08, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber began the show with a look at stocks continuing their record run: The Dow hitting a fresh record high led by Caterpillar -- in reaction to House passage of the bipartisan infrastructure bill which has been sent to President Biden's desk for his signature. Nucor, U.S. Steel, various materials names and EV charging stocks also participating in the rally. Cramer explored why some investors didn't buy into these stocks ahead of Friday night's vote. A different story for Tesla: The stock down sharply after Elon Musk conducted a Twitter poll asking users if he should sell a ten-percent stake in Tesla. 58-percent answered "Yes." The anchors discussed the likely reason Musk would sell his stock: He faces a $15-billion tax bill. PepsiCo Chairman & CEO Ramon Laguarta joined the program from the COP26 climate summit in Glasgow, Scotland. He spoke to CNBC's Diana Olick (who was at the event) and Jim about how sustainability and ESG goals fit into PepsiCo's growth strategy. Social media company Nextdoor made its public debut at the NYSE as part of a SPAC deal with Khosla Ventures. Jim interviewed Nextdoor CEO Sarah Friar -- a former CFO at Square -- about her company's game plan for growth as well as the social media landscape. The stock soared 26-percent within the first half-hour of trading. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Job Creation Roars Back, Labor Secretary Marty Walsh, Pfizer’s Covid-19 Pill, Peloton Gets Smacked Nov 05, 2021

Show notes

Carl Quintanilla and Jim Cramer begin the morning discussing Pfizer’s announcement that its experimental COVID-19 pill reduces the risk of death and hospitalization by 89%. Shares of Pfizer surging on the news. Plus, job creation roaring back in October as payrolls rose by 531,000 and the unemployment rate fell to 4.6%, a new pandemic low and better than expectations. Carl and Jim discuss the numbers with the U.S. Labor Secretary, Marty Walsh. Plus, Peloton shares collapse, falling 34%, as momentum for its at-home fitness equipment slows. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Moderna Cuts Vaccine Outlook, Qualcomm Shares Surge, Kyndryl Begins Trading Nov 04, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber began the show with a look at Moderna shares sliding, after cutting its Covid-19 vaccine sales forecast. The company is now expecting to deliver between 700-800 million does this year, down from previous expectations of between 800 million and 1 billion doses. The anchors also interviewed Qualcomm CEO, Cristiano Amon, a day after the company reported a strong earnings beat. Qualcomm’s chip sales for smartphones were up 56% year over year. Also in the mix: IBM spinoff Kyndryl began trading at the NYSE under ticker “KD.” CEO Martin Schroeter joined the crew ahead of the newly public company’s first trade. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Wild Rides and Short Squeezes, Bed Bath & Beyond CEO on the Soaring Stock, Fed Watch and the Earnings Parade: T-Mobile Jumps, Activision Tumbles. Nov 03, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with big moves in two of the most shorted stocks on Wall Street: Bed Bath and Beyond shares soaring after the company announced a digital marketplace and e-commerce partnership with Kroger, while Avis Budget tumbles on a series of downgrades one day after the stock doubled. Zillow also in the mix, falling double digits after announcing plans to close its homebuying business. The anchors explored the action in the three stocks and how they compare with meme stocks GameStop and AMC Entertainment. Bed Bath & Beyond CEO Mark Tritton appeared on the program to discuss its Kroger partnership, the stock market's reaction to it and the retailer's share buyback news. Also in focus: A fresh record high for the Nasdaq, countdown to the Fed decision and statement, eco-friendly footwear maker Allbirds goes public, Activision tumbles on a game release delay and a weaker holiday quarter outlook, T-Mobile jumps on better-than-expected profits and subscriber growth, a rough year for shares of the major wireless carriers, plus what New York City Mayor-elect Eric Adams told CNBC about how he will reach out to the business community as he gets ready to takes office. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

It "Hertz": Tesla Slumps on Musk Tweet, Apple Supply Chain Pain, COVID Vaccine Demand Boosts Pfizer, DuPont's Deal to Capitalize on EV -- and Chegg Plummets Nov 02, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with Tesla's rally running in reverse: The stock fell sharply after CEO Elon Musk tweeted that his company's 100,000 vehicle deal with Hertz had yet to be signed. Cramer explained how investors should approach Tesla and other electric vehicle stocks. The anchors also discussed EV startup Rivian targeting a $60-billion valuation with its IPO slated for next week. Apple also in spotlight: Nikkei Asia reporting the tech giant has cut back sharply on iPad production to allocate more chips to the iPhone 13. The anchors reacted to what Commerce Secretary Gina Raimondo told CNBC about how long it might take to build a chip foundry in the U.S. Pfizer shares rose on better-than-expected quarterly results and raised guidance, citing strong demand for its COVID-19 vaccine and non-COVID treatments. Separately, Amazon lifts its mask mandate for fully vaccinated workers. Also in focus: Fresh record highs for the S&P 500 and Nasdaq, Under Armour soars on earnings news, shares of online education company Chegg get crushed on a revenue miss and weakness in enrollments, and DuPont agrees to acquire electronics materials maker Rogers Corp. for $5.2-billion -- in an effort to boost its presence in the EV, 5G and clean energy markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

November Trading Kicks Off with New Record Highs, Tesla’s Rally Rolls On, Barclays CEO Staley Steps Down, 2,200+ American Airlines Flight Cancellations and Coca-Cola's BodyArmor deal Nov 01, 2021

Show notes

With the S&P coming off its best month since November 2020, Carl Quintanilla, Jim Cramer and David Faber explored what's next for stocks, with major indices hitting fresh record highs at the open on the first trading day of November. The anchors also delved into Tesla's record run and why the stock continues to rally without any fresh news to drive it higher. A shake-up in the banking world: Barclays announcing Jes Staley stepped down as its CEO, following an investigation into his relationship with disgraced financier Jeffrey Epstein. More travel trouble for American Airlines: Since Friday, the carrier has canceled more than 2,200 flights, citing poor weather and labor shortages. Carl, Jim and David compared American's cancellation problems with those of Southwest Airlines. On the M&A front, Coca-Cola confirmed it is acquiring the 70-percent of sports drink maker "BodyArmor" it doesn't already own -- the transaction valued at $5.6-billion. Also in focus: The road ahead for FAANG and retail stocks, The G-20 summit and the U.S. agreeing to relax tariffs on European steel, and Treasury Secretary Yellen meets U2's Bono. 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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