Squawk on the Street

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Retail Rollout Continues, Fed’s Neel Kashkari Slams Crypto, Robinhood Preview Aug 18, 2021

Show notes

Carl Quintanilla and Jim Cramer began with a breakdown of the latest retail earnings as Target, Lowe’s and TJX Companies all reported before the market open. Although Target and Lowe’s both beat analyst expectations the stocks moved in opposite directions, with Target shares in the red. The anchors also discussed Minneapolis Fed President Neel Kashkari slamming the crypto market, saying “Cryptocurrency is 95% fraud, hype, noise and confusion.” For Cramer’s ‘Mad Dash’ he highlighted the growth in Nucor with that stock up more than 150% over the last 12 months. Also in focus: Big earnings to watch after the bell with Cisco, Nvidia & Robinhood set to report. This will be the first quarterly results for Robinhood since going public. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks Slide At The Open, A Pair of Dow Retailers Report, Cathie Wood vs. Michael Burry Aug 17, 2021

Show notes

Carl Quintanilla and Jim Cramer began with a closer look at yesterday’s record close with the S&P 500 doubling from its pandemic bottom, marking the fastest bull market rally since WWII. The anchors then shifted to a pair of big retailers reporting results. Home Depot saw shares slide at the open despite posting a beat on both the top and bottom lines. Contrastingly, Walmart was among the biggest gainers on the Dow with the company receiving a boost from strong grocery sales and back-to-school spending. The anchors also discussed Michael Burry of ‘The Big Short’ betting big against Cathie Wood and her flagship ARK Innovation exchange-traded fund. Also in the mix: Jim Cramer highlighted Airbnb for his “Stop Trading” segment, saying “I like Airbnb more than any hotel during this period.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Fed’s Taper Timeline, Tesla’s Autopilot System Under Investigation, Crypto Market Back Above $2 Trillion Aug 16, 2021

Show notes

Carl Quintanilla and Jim Cramer began with a closer look at the Fed, as the group’s open market committee looks to be coalescing around a plan to announce it will taper its asset purchases in September and begin reducing them a month or so after. Following the market discussion, CNBC Correspondent Dan Murphy joined for a live report on the ongoing situation in Afghanistan, including a look at the chaotic scenes at the Kabul airport. The anchors also discussed Tesla shares sliding after the National Highway Traffic Safety Administration opened a formal investigation into the company’s autopilot system. CNBC’s auto and airline industry reporter Phil LeBeau broke down the latest details. Also in focus: Bitcoin is back to its highest level since May, Intel’s Pat Gelsinger pushes for billions in government subsidies to build more chip plants, and T-Mobile investigates claims of a data breach that involves the personal data of over 100 million users. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Disney Beats the Street and Leads the Stock Market to Record Highs, the FDA's COVID Booster Shot Authorization and Companies’ Approaches to Vaccinations, What Airbnb and DoorDash’s Results Tell Us About the Reopening Trade, and the CEO of the U.S. Chamber of Commerce Talks Infrastructure. Aug 13, 2021

Show notes

Carl Quintanilla, Morgan Brennan and Mike Santoli led off the show with Disney, whose better-than-expected quarterly results drove the stock higher, leading the Dow and S&P 500 to new record intraday highs. The anchors reacted to what Disney CEO Bob Chapek's told CNBC about Disney+ adding subscribers despite a hike in the streaming service's rates. They also looked at how the company's theme parks are faring in light of rising COVID cases and the debate in Florida over requiring vaccinations and mask wearing. Sticking with the pandemic and the reopening trade, the Food and Drug Administration has authorized COVID vaccine booster shots for people with weakened immune systems. Carl, Morgan and Mike reacted to former FDA Commissioner Dr. Scott Gottlieb's comments to CNBC about the need for a third shot. The anchors also discussed the latest developments regarding companies' vaccine requirements and return to work plan revisions. U.S. Chamber of Commerce CEO Suzanne Clark joined the program to discuss the $1-trillion bipartisan bill passed by the Senate, labor shortages and what's at stake for corporate America. Also in focus: Market reaction to quarterly results from the likes of Airbnb and DoorDash, an update on the railroad bidding war over Kansas City Southern, a rough week for the chip stocks, and why FTC Chair Lina Khan is saying antitrust regulators should take a tougher approach when it comes to defense industry mergers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fed Chair Powell and Inflation Watch, Challenges for The Reopening Trade, The FDA and a Third Booster Shot, More Companies Revise Return to Work Plans, Micron As a "Red" Chip, Credit Card Spending Data Airlines Don't Want to Hear, and What to Expect From Disney Earnings Aug 12, 2021

Show notes

The morning after the Dow and S&P 500 posted record closing highs, Carl Quintanilla, Jim Cramer and David Faber led of the show with new wholesale inflation data: Producer prices for July coming in hotter than expected, rising one percent from the previous month and up 7.8-percent year-on-year. They explored how Fed Chair Jay Powell is approaching inflation and the recovery amid the Delta variant outbreak -- and reacted to comments from Dallas Fed President Robert Kaplan, who told CNBC that he'd "rather take the foot off the accelerator soon" when it comes to bond purchases. Cramer explains why it's time to nix the term "taper tantrum." COVID and the reopening trade also in focus: The FDA is on the verge of authorizing a third COVID vaccine dose for immunocompromised people, Moderna shares trying to rebound after Wednesday's 15-percent drop, and McDonald's and CNBC parent NBCUniversal joining the list of companies revising their return to work plans and announcing vaccination requirements for certain employees. With airline stocks under pressure, the anchors discussed data from Bank of America showing a pullback in credit card spending, with the biggest deceleration coming from spending on airfare -- which reflects concerns about the Delta variant. Also in focus: The outlook for chip stocks as Micron falls on a Wall Street downgrade, What to expect from Disney's quarterly results after the bell, and market reaction to earnings movers including eBay, Palantir, Bumble, Sonos and snacks maker Utz Brands. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Record Highs for the Dow and S&P 500 Following the Release of Inflation Data, Southwest's COVID Warning, Stocks Respond to Senate Passage of a $3.5T Budget Blueprint and $1T Infrastructure Bill, plus all things crypto from Coinbase to SEC Chairman Gensler Aug 11, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber discussed another record day for the Dow and S&P 500, sparked by inflation data showing consumer prices in July did not rise by as much as investors feared. CPI rose 0.5-percent last month and increased 5.4-percent year-on-year. The anchors explored what it all means for investors and the Fed. As for the reopening trade, Southwest shares fell after the airline said cancellations have increased in August due to concerns over the Delta variant, making it difficult to be profitable for the current quarter. The anchors also discussed decisions by Southwest, American and Delta to not require their employees to get COVID vaccinations, unlike United's mandate. President Biden's economic agenda also in the spotlight after Senate narrowly passed a $3.5-trillion budget blueprint one day after a $1-trillion bipartisan infrastructure bill was approved in the chamber. The anchors discussed the stocks most likely to benefit from infrastructure legislation -- especially the big rally in steel stocks -- and reacted to what Nucor's CEO told CNBC about the bill. Crypto in the mix as Coinbase posts better-than-expected quarterly results -- and SEC Chairman Gary Gensler tells Senator Elizabeth Warren that the SEC needs more regulatory authority over cryptocurrency. Also in the mix: Electric air taxi startup Joby Aviation goes public via a SPAC deal, an update on the railroad bidding war for Kansas City Southern, meme stock mania, retail's upward momentum led by Home Depot, a report which says American Express is postponing its return to the office plans because of the Delta variant outbreak, and shares of Wendy's get a lift on earnings but the company formerly known as Weight Watchers plummets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

An In-Depth Interview With AMC Entertainment Chairman & CEO Adam Aron - and a Railroad Bidding War Intensifies as CP Sweetens Its Offer for Kansas City Southern Aug 10, 2021

Show notes

Jim Cramer and David Faber led off the show by highlighting one of the day's biggest gainers: AMC Entertainment posting better-than-expected quarterly results as moviegoers returned to its theaters. The company also announcing plans to accept payments in bitcoin by the end of the year, plus a deal with Warner Bros. to show the studio's 2022 movie slate in theaters for 45 days. Jim and David discussed those issues and more in a wide-ranging interview with AMC Entertainment Chairman & CEO Adam Aron, who also weighed in on his company's valuation in wake of the meme stock frenzy: Shares of AMC up more than 1500-percent this year alone. The anchors also explored new developments in a railroad bidding war: Canadian Pacific confirming a new takeover offer for Kansas City Southern -- a cash and stock bid valued at $300 per share or $27-billion excluding debt that CP believes to be "superior" to the merger deal Canadian National Railway struck with KCS earlier this year. CN responded by calling the new CP offer "inferior". Also in focus: Countdown to the U.S. Senate vote on the bipartisan $1T infrastructure bill, consumer investment plays from big tech to retail, and Moderna's march toward a $200B market value. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

New Market Week: Gold's Flash Crash, The Bitcoin Bounce, Oil Slumps on China COVID Measures, The Reopening Trade vs. the Delta Variant Spread, A Legal Victory for Norwegian Cruise Over Florida, An Upgrade for Tesla, and the $1T Bipartisan Infrastructure Bill Advances Aug 09, 2021

Show notes

After a record-setting week for stocks, Carl Quintanilla, Jim Cramer and David Faber discussed some eye-opening news on the commodities front: Gold fell nearly 4.5-percent due to an early morning "flash crash" before recouping some of those losses, while crude oil prices tumbled on worries about the Delta variant in China, whose government announced measures to combat the outbreak. In the U.S., the seven-day average of COVID cases surpassing 100,000 for the first time in six months. Separately, a federal judge ruled that Norwegian Cruise Line can ask passengers for proof of COVID vaccination, temporarily blocking a Florida law banning that practice. The anchors explored what the recent COVID developments could mean for the reopening trade -- and reacted to Dr. Scott Gottlieb telling CNBC why he believes the epidemic won't last through the fall. Also in focus: The Wall Street upgrade that's lifting Tesla's stock, the earnings report card for Warren Buffett's Berkshire Hathaway, "M&A Monday" including DraftKings agreeing to buy Golden Nugget Online Gaming in an all-stock deal, and the Senate moving a step closer to passing a bipartisan $1T infrastructure bill and what it could mean for crypto as Bitcoin hits a fresh three-month high. The CEO of Plug Power appeared on the program and discussed what the bill could mean for the maker of hydrogen fuel cell systems. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The U.S. Adds 943,000 Jobs in July -- President Biden's Labor Secretary Joins the Program "First on CNBC." Plus: Stocks Hit a New Record High, Robinhood's Wild Ride Gets Wilder, DraftKings' CEO on Earnings and Sports Betting, and the Countdown to David's Final Episode As Guest Host of "Jeopardy!" Aug 06, 2021

Show notes

Carl Quintanilla, David Faber and Morgan Brennan led off the show with the big news of the morning: The government's July employment report shows non-farm payrolls rose 943,000 last month -- the largest in almost a year -- while the unemployment rate fell to 5.4-percent. The news sending the Dow and S&P 500 to record highs. The anchors discussed whether such momentum could continue in wake of rising COVID cases due to the Delta variant. Labor Secretary Marty Walsh joined the program to discuss the jobs report and the state of the recovery amid the pandemic. Carl, David and Morgan also engaged in a markets and jobs roundtable discussion with Grant Thornton Chief Economist Diane Swonk and J.P. Morgan Asset Management Chief Global Strategist David Kelly. Robinhood's wild ride also in the spotlight: Shares rebounding one day after tumbling 27-percent on news about the company filing for a 97.9 million stock sale. The anchors interviewed DraftKings CEO Jason Robins about his company's better-than-expected quarterly results and the business of sports betting, especially when it comes to the NFL. Also in focus: Earnings winners and losers including Expedia -- shares down sharply on a wider-than-expected quarterly loss and the company's comments about the Delta variant's impact on travel. Plus, highlights from Thursday night's episode of "Jeopardy!" with David as guest host and a look ahead to Friday night's final episode with him as host of the iconic game show. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Robinhood's Wild Ride and Share Sale, Earnings Parade -- Uber Slumps Despite a Q2 Beat, Goldman Sachs' Bullish Call on the S&P 500, Faber "Jeopardy!" Highlights, and Grilling on Wall Street: Weber CEO on His Company's IPO. Aug 05, 2021

Show notes

One day after shares of Robinhood soared more than 50-percent, Carl Quintanilla, Jim Cramer and David Faber led off the show with new developments surrounding the stock's wild ride: Robinhood filing to sell up to nearly 98-million shares over time -- the news resulting in a double-digit percentage decline for the stock. The anchors explored what this means for Robinhood and the meme stocks -- and harkened back to what CEO Vlad Tenev said during our program last week, on the day Robinhood went public. Lots of earnings movers in the spotlight: Uber shares fall despite better-than-expected quarterly results and bookings. The anchors reacted to what CEO Dara Khosrowshahi told CNBC about driver incentives that weighed on the company's performance. Among the earnings winners and losers: Etsy and Roku shares take a hit, while ViacomCBS jumps on profits and streaming subscriber growth. Also in focus: Moderna says its COVID-19 vaccine is 93-percent effective after six months, Goldman Sachs Chief U.S. Equity Strategist David Kostin raises his year-end S&P 500 target to 4700, and the anchors chat about the highlights from Wednesday night's "Jeopardy!" episode featuring David as guest host. Jim caps the hour by interviewing Weber CEO Chris Scherzinger about the outdoor grill maker's IPO. 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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