Squawk on the Street

Latest Episodes:

Markets and the "Delta Effect" on the Reopening Trade, Robinhood Soars for a Second Straight Day, SEC's Gensler on Meme Stocks, GM's Earnings Miss, and Faber Guest Hosts "Jeopardy!" - Episode Two. Aug 04, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at the markets and how the decline in yields is impacting big and small investors alike. Stocks that are part of the reopening trade in focus as the COVID Delta variant continues to spread and the pace of vaccinations is starting to rebound. Jim explains why he thinks "the 'I'm probably going to be okay thesis' is still playing out." Carl, Jim and David stayed on top of the moves in shares of Robinhood, extending Tuesday's rally and soaring more than 50-percent during the first half-hour of trading -- the stock was halted a number of times due to volatility. They also reacted to what SEC Chairman Gary Gensler told CNBC about the so-called "meme stocks": He said "the retail engagement is positive" but adds investors must be protected from fraud and manipulation. The anchors also engaged in a lighthearted discussion about the second episode of "Jeopardy!" with David as guest host: Highlights include Faber's exchange with the defending champion about where he might invest his winnings. The "Mad Dash" segment even included a twist on the "Daily Double." Also in focus: Earnings winners and losers including General Motors' profit miss and what CEO Mary Barra told CNBC about the chip shortage and her outlook for the second half of 2021. In the mix: The monthly ADP jobs report that surprised Wall Street, plus the antitrust enforcement fallout - what's at stake for companies involved in pending M&A deals? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Highlights of David Faber's "Jeopardy!" Guest Hosting Debut, China's "Spiritual Opium" Message Hits Tencent and Videogame Stocks, Alibaba's E-Commerce Growth Slowdown, COVID Spikes Hit the Reopening Trade, and Pepsi's $3.3B Juice Sale. Aug 03, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the program by talking about David's debut as guest host of "Jeopardy!" -- the first episode aired Monday. It was a fun discussion that went into everything from the highlights of the show to how social media reacted to David's performance. As for the markets, the anchors explored developments out of China that sparked regulatory fears: Shares of Tencent fell sharply -- dragging down several video gaming stocks around the globe -- after a Chinese state media outlet criticized online gaming as "spiritual opium." China’s Alibaba saw shares fall on a quarterly revenue miss as e-commerce growth slowed amid heightened competition. Also in focus: Clorox shares tumble on weaker-than-expected quarterly results, PepsiCo agrees to sell juice brands including Tropicana and Naked to a French private equity firm for $3.3 billion, Micron's first-ever dividend, media stocks under pressure, Florida's spike in COVID cases and what's at stake for Disney, and Reese Witherspoon agrees to sell her media company to a venture led by Blackstone for $900 million. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Countdown to David Faber's "Jeopardy!" Guest Hosting Debut, First Trading Day of August -- The S&P 500 Aims for a 7th Straight Month of Gains, The Reopening Trade vs. the Delta Variant, and Square Strikes a $29 Billion All-Stock Deal Aug 02, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber highlighted the kickoff of David's week as guest host of the iconic game show "Jeopardy!" -- including a special Jeopardy!-inspired version of “The Mad Dash." The anchors took an in-depth look at what to expect from the markets in August as Wall Street enters the first trading day of the month, with the S&P 500 in the midst of a six-month win streak. The reopening trade a major part of the discussion as more companies require their employees to get vaccinated. The anchors also reacted to Dr. Anthony Fauci's comments about the spread of the COVID Delta variant and whether we could see further lockdowns in the future. On the M&A front: Square announcing its largest-ever acquisition -- the digital payments company agreeing to acquire Australia’s Afterpay for about $29-billion in stock. The CFO of Square and Co-CEO of Afterpay appeared on the program to talk about the deal and how it will help Square capitalize on the growing "buy now, pay later" trend. Also in focus: The debut of Disney's motion picture "Jungle Cruise" tops the weekend box office and gets a boost from streaming, plus stock winners and losers -- including Estee Lauder falling and Levi Strauss rising sharply in reaction to Wall Street analyst calls. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Last Trading Day of July, Amazon Slumps On a Revenue Miss, Day Two for Robinhood After a Rough Public Debut, Changes At the Top of P&G, Scarlett Johansson vs. Disney over "Black Widow", and He's Next Week's Guest Host of "Jeopardy!": Who Is David Faber? Jul 30, 2021

Show notes

On the final trading day of July, Carl Quintanilla, David Faber and Morgan Brennan led off a busy show with a closer look at Amazon: Shares tumbling in reaction to its first revenue miss since 2018. The anchors explored what the results mean for the company and other big tech names in the "trillion-dollar club." Cowen senior internet analyst John Blackledge joined the discussion and offered his take on what he sees ahead for Amazon's stock. Carl, David and Morgan followed up on Robinhood the morning after its public debut, which saw the stock close more than eight-percent below its IPO price. They also reacted to what Robinhood CEO Vlad Tenev told CNBC about its rough start on Wall Street, but the slump didn't stop ARK's Cathie Wood from buying more than $45-million in Robinhood stock. Earnings from the likes of Procter & Gamble, Caterpillar and oil giants Exxon Mobil and Chevron also in the spotlight, along with the news that P&G's David Taylor is stepping down as CEO. Also in focus: Disney fires back at Scarlett Johansson after the "Black Widow" star filed a lawsuit against the company for releasing the film on Disney+ and in theaters simultaneously, what to expect from stocks in August with the S&P 500 on track for a six-month win streak, SEC Chairman Gary Gensler seeking more disclosures from China-based companies looking to list in the U.S., and the CEO of a major commercial real estate firm weighs in on companies delaying return to work plans as the COVID Delta variant spreads. Plus, the anchors’ countdown to David Faber's week-long stint as guest host of "Jeopardy!" Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Robinhood Goes Public With An IPO Valuing the Company at $32B, Facebook Slumps Despite a Q2 Beat, a Grand Jury indicts the founder of EV Maker Nikola, and the CEO of ServiceNow Talks Earnings and Outlook Jul 29, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with an in-depth look at a much-anticipated IPO: Online trading platform Robinhood going public after pricing shares at $38 each. That's at the low end of the expected range but values the company at about $32-billion. Goldman Sachs – one of the lead investment banks on the IPO -- had not fully allocated shares of Robinhood until shortly before the opening bell. The anchors explored what investors can expect and how to evaluate Robinhood's debut. On the earnings front, Facebook shares fell after the tech giant said revenue growth will slow during the second half of the year -- overshadowing better-than-expected quarterly results. Staying with tech: A federal grand jury charged Nikola founder Trevor Milton with three counts of criminal fraud for making false and misleading statements to investors about the electric video startup. Also in focus: Ford shares rise after the automaker surprises Wall Street analysts by posting a quarterly profit, new record highs for stocks, and ServiceNow CEO Bill McDermott discusses his company's better-than-expected quarterly results – the workflow management software provider helped by a jump in subscription revenue. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Earnings Extravaganza: Reaction to Big Tech Results from Apple, Microsoft and Alphabet -- and Interviews With the CEOs of Boeing, AMD and Starbucks Jul 28, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber took an in-depth look at a big morning full of earnings news, leading off with the numbers out of big tech: Apple shares fall as its warning about how the global chip shortage is impacting the company overshadowed a better-than-expected quarter. Two names saw their stocks rise: Google parent Alphabet beats the street, getting a lift from a surge in online ad spending, while Microsoft's better-than expected results were driven by growth in its cloud business. Three CEOs appeared on the program: Boeing CEO David Calhoun spoke about his company's surprise quarterly profit, a surge in commercial aircraft deliveries, resolving its jet issues and dealing with the COVID resurgence. AMD CEO Lisa Su discussed her company's stronger-than-expected results and how the chipmaker is navigating the global semiconductor shortage. Starbucks CEO Kevin Johnson outlined his company's earnings beat and sales that outpaced pre-pandemic levels -- though that news wasn't enough to prevent the stock from falling. He spoke about the outlook for Starbucks' business in China, the Delta variant and consumer trends which show cold drinks driving beverage sales. Also in focus: Earnings movers including McDonald's and Spotify, plus a countdown to the Fed's post-meeting statement -- what will policymakers say about inflation? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Big Earnings Tuesday, Tesla Beats the Street -- and Musk Takes Aim at Apple, Interviews with the CEOs of General Electric and Raytheon Technologies on Quarterly Results, and Chinese Tech Stocks Tumble on Beijing's Crackdown. Jul 27, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber focused on a busy morning full of earnings news by highlighting Tesla's better-than-expected quarterly results. They discussed Elon Musk's message on chip shortages and what Jim would have liked to hear from Musk on Tesla's earnings call. The anchors also reacted to Musk's comment on the call in which he takes aim at Apple without mentioning the company by name. Shares of General Electric jumped on upbeat results and positive free cash flow for the second quarter. GE Chairman & CEO Larry Culp appeared on the program to discuss his company's numbers as well as the challenges posed by supply constraints. Raytheon Technologies Chairman & CEO Greg Hayes joined the show exclusively to discuss everything from his company's earnings and guidance to his outlook for business travel, in light of Raytheon's role as an aircraft engine maker. Also in focus: Earnings movers including UPS and 3M, Chinese tech stocks including Alibaba and Tencent extend losses as Beijing's regulatory crackdown intensifies, plus, inflation's effect on the homebuilding/home improvement stocks. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tech Dominates a Big Week of Earnings, China Crackdown Effect on Stocks, and Is the Delta Variant About to Peak? On the Crypto Front: Tether Execs Said to Face Criminal Probe and Bitcoin Jumps to 6-Week Highs Amid Speculation About Amazon Jul 26, 2021

Show notes

With stocks having finished Friday's session at record closing highs, Carl Quintanilla and Jim Cramer looked at what to expect from the markets as we enter a big week full of earnings reports, with mega-cap tech names Apple, Amazon, Microsoft, Facebook and Alphabet leading the pack. U.S.-China talks on the front burner as a Beijing official blamed the Americans for a "stalemate" in relations -- while stocks of China-based companies take another hit as Beijing ramps up its regulatory crackdown on technology and education firms. Cramer says China is engaging in an "attack on the rich" and says "you don't want your money there, you want your money here" in the U.S. The reopening trade and continuing spread of the COVID-19 Delta variant also in the spotlight. The anchors reacted to what former FDA Commissioner Dr. Scott Gottlieb told CNBC about the variant: He explained why he believes Delta could "plateau here in the United States" in the next two to three weeks. Carl and Jim also discussed a note out of Goldman Sachs Chief U.S. Equity Strategist David Kostin in which he sees the variant posing a "minimal risk to the U.S. equity markets." The anchors had lots of crypto news to highlight: A published report says a U.S. probe into Tether is homing in on whether executives behind the digital token committed bank fraud. Separately, Bitcoin hit a new six-week high and briefly passed $39,000 over the weekend -- with crypto rallying across the board, due in part to a report stating that Amazon is moving toward accepting Bitcoin for payment and is also considering the creation of its own digital token. Also in focus: Tesla as a China proxy ahead of its after-the-bell earnings report, Hasbro surging on better-than-expected quarterly results, and Norwegian Cruise Line sets sail for the first time since suspending cruising 500 days ago due to the pandemic. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tech Earnings: Intel Slumps, Snap Soars and Twitter Flies High. Plus: Travel and the Consumer Lift American Express, Market Resilience vs. the Delta Variant and CDC Warnings, and a Another Setback for GM’s Chevy Bolt Jul 23, 2021

Show notes

With stocks aiming for a fourth straight day of gains after Monday's sell-off, Jim Cramer and Scott Wapner explored market reaction to lots of earnings news, especially in tech: Intel shares under pressure after issuing the company's forecast overshadowed better-than expected quarterly results, with the chipmaker saying the global semiconductor shortage could last well into 2023. The anchors compared the Dow component to rival chipmakers Nvidia and AMD -- and reacted to what Intel CEO Pat Gelsinger told CNBC about trying to overcome supply constraints. On the social media front, Snap shares posting a double-digit gain and Twitter also up sharply in reaction to upbeat quarterly results and guidance. The anchors highlighted the advertising revenue growth benefiting both Snap and Twitter -- and looked at what's at stake for big tech companies due out with earnings next week. Jim and Scott also took a closer look at why the markets are shrugging off warnings from the CDC about rising cases and deaths due to the COVID-19 Delta Variant. Also in focus: American Express' earnings beat helped by increased travel spending, Honeywell shares fall despite better-than-expected results and raised guidance, General Motors issuing a second recall of its Chevy Bolt electric vehicle due to fire risks, and Boston Beer -- home of the Samuel Adams brand -- tumbles after cutting its full-year outlook. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Reopening Trade and the Delta Variant Effect, "Three-Day Corrections," Southwest Airlines CEO on Quarterly Results and Travel Demand, Dow CEO on Earnings and Supply Constraints, Musk Pulls for "Bitcoin to Succeed," and President Biden's Tech Perspective: What Salesforce CEO Marc Benioff Is Saying About It Jul 22, 2021

Show notes

Jim Cramer and Scott Wapner explored the recent market moves, the concept of the "three-day correction" and why in Jim's view, the S&P 500 is "done being slammed." Cramer also shared his perspective on the market coming to grips with the spread of the Delta Variant and the slowdown in COVID vaccinations, saying that unlike the herd immunity achieved following the pandemic of 1918-19, "we're going to have a brutal form of herd immunity and it's going to happen, as Dr. (Scott) Gottlieb said, in the next few months." The reopening trade in focus as airline stocks fall despite news of stronger-than-expected quarterly revenue from Southwest and American Airlines. Southwest Chairman & CEO Gary Kelly appeared on the program to discuss his company's quarter, the rebound in travel demand and navigating a labor shortage. The anchors also interviewed Dow CEO Jim Fitterling: The Dow component posting better-than-expected quarterly results and issuing upbeat guidance as it sees global economies improving in the second half of 2021. Also in focus: Elon Musk telling a crypto conference that he "would like to see Bitcoin succeed" and that Tesla would "most likely" accept Bitcoin for vehicle payments, Salesforce CEO Marc Benioff's comments to CNBC in reaction to what President Biden is saying about the tech industry, the road ahead for FAANG + Microsoft, the recent run-up in stay-at-home stocks, China reportedly weighing serious penalties for Didi just three weeks after its U.S. public debut, chip stocks and why Jim slammed Texas Instruments' handling of its earnings call as "ill-advised," and Goldman Sachs slaps Williams-Sonoma with a "sell" rating. 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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