Squawk on the Street

Latest Episodes:

Stocks Erase Losses from Monday's Sell-off, Dow Components Join the Earnings Parade, Netflix's Subscriber Growth Slowdown, United Sees Profitablilty Ahead, J&J's COVID Vaccine Under Scrutiny, and Chipotle's Results Heat Up the Stock Jul 21, 2021

Show notes

Jim Cramer and David Faber took an in-depth look at a busy day for the markets with a slew of earnings reports in the mix -- as stocks recouped all of their losses from Monday's sell-off. Dow components Coca-Cola, Johnson & Johnson and Verizon all beating analyst expectations with their quarterly results, Netflix falling amid concerns about a slowdown in subscriber growth, and Chipotle shares up sharply on earnings, revenue and sales as indoor dining continues to rebound. The anchors reacted to what United Airlines CEO Scott Kirby told CNBC about the carrier's outlook: He's "confident" United will return to profitability in the third quarter. They also highlighted Capitol Hill's "bipartisan bailout" of the airlines during the pandemic, and the lessons to be learned as lawmakers negotiate a bipartisan infrastructure bill. Cramer sounds off about a new study that claims J&J's COVID vaccine is much less effective against the Delta and Lambda variants than against the original virus. Also in focus: Electric vehicle maker Lucid Motors and the Churchill Capital IV SPAC scramble for shareholder approval votes ahead of a key deadline, billionaire investor Leon Cooperman's bullish take on big tech and FAANG, AMC Entertainment CEO Adam Aron taking on the additional role of Chairman and what it could mean for the stock, what's ahead for GameStop in wake of Netflix's foray into video games, the stocks that are benefiting from investors pushing aside worries about the Delta Variant, and JPMorgan Chase awards Jamie Dimon a bonus aimed at keeping him as Chairman & CEO for several more years. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jeff Bezos' Historic and Successful Space Flight, Markets the Morning After the Sell-Off, IBM's Earnings Lift, a Double Dose of Apple, and Bitcoin Back Below $30,000. Jul 20, 2021

Show notes

Jim Cramer and David Faber talk about the world's richest man making history: Amazon Executive Chair and Blue Origin Founder Jeff Bezos taking flight on Blue Origin's first human space launch, riding aboard the company's "New Shepard" rocket along with three astronauts. Morgan Brennan was on the ground in Texas as part of our live coverage. The mission was successful as the capsule landed safely. After touchdown, Bezos called it his "best day ever." David, Jim and Morgan discussed what it all means for the future of space tourism. As for stocks, Jim and David explored how investors should approach the market rebound after Monday's sell-off, which was the worst for the S&P 500 in two months -- plus a look at the ten-year note yield falling to lows not seen since February. They highlighted movers including IBM, which posted-better-than-expected quarterly results and its strongest revenue increase in three years. Also in focus: Capitalizing on the FAANG trade, reports that say Apple is pushing back its return to the office deadline by a month to October -- and that the company told real-estate developers it wants to lease a large production campus in Los Angeles for its growing entertainment operations, whether now's the time to buy Snap, plus Bitcoin falling below $30,000 for the first time in a month: What the SEC and regulation could mean for the future of cryptocurrency. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

COVID Fears Spark Market Sell-Off, President Biden vs. Facebook on Vaccine Disinformation, Zoom's Biggest-Ever Acquisition, Ackman's SPAC Scraps Universal Music Deal, and IPO Watch: Robinhood Seeks $35B Valuation Jul 19, 2021

Show notes

Jim Cramer and David Faber began the new trading week with an in-depth look at the market sell-off, as investors focus on the spreading of the COVID-19 Delta Variant and the rate of vaccinations falling. The reopening trade -- including cruise line and airline stocks -- taking a hit, while the 10-year note yield falls to fresh five-month lows. Cramer explains why be believes the FAANG stocks are the key to this market: "Once FAANG has rolled over, then you can buy." Jim and David reacted to President Biden's "They're killing people" comment that slammed Facebook and social media for their handling of vaccine disinformation on their platforms -- and Facebook striking back at the White House with a response. The anchors also discussed former FDA Commissioner Dr. Scott Gottlieb telling CNBC that Facebook must do more to control misinformation. On the M&A and "stay-at-home" stocks front, the anchors discussed Zoom Video's biggest-ever acquisition: The company agreeing to buy cloud-based call center operator "Five9" in a $14.7-billion all-stock deal. On the flip side, billionaire investor Bill Ackman's "Pershing Square Tontine Holdings" SPAC dropped plans to buy a 10% stake in Vivendi's Universal Music Group worth $4-billion. Instead, Ackman plans to acquire the stake through his Pershing Square hedge fund. The anchors reacted to Ackman telling CNBC the SEC's view of the deal was a "dagger in the heart of the transaction." New details about Robinhood's upcoming IPO: In a regulatory filing, the trading platform says it anticipates offering 55 million shares at a price between $38 and $42 per share -- aiming for a valuation of up to $35-billion. Also in focus: Duke Energy's management under scrutiny from hedge fund Elliott Management, plus Dish Network and AT&T enter into a ten-year network services deal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Wrapping Up a Market Week: Gains Amid a "Stealth Correction", Yellen's View on Inflation, Intel Poised for Its Biggest Deal Ever?, Cruise Stocks Get a Much Needed Canada Boost, The Return of the L.A. County Indoor Mask Mandate, Moderna's S&P 500 "Booster", and June Retail Sales Beat Forecasts Jul 16, 2021

Show notes

David Faber, Leslie Picker and Mike Santoli kicked off the show with look at the markets as the Dow aims to post a fourth straight weekly gain. They focused on what you should make of the "stealth correction", featuring some of the areas in the underlying market that have experienced "pain" this week, reflected in groups such as oil services (OIH) and biotech (XBI) as well as the Russell 2000. Banks and yields also in focus with earnings and Fed news dominating the week. The anchors reacted to what Treasury Secretary Janet Yellen told CNBC about expecting "several more months of rapid inflation" before it declines "back toward normal levels" -- plus "Bond King" Jeffrey Gundlach saying stocks still remain cheap compared to bonds. On the M&A front, the anchors discussed that Intel is reportedly in talks to acquire chipmaker GlobalFoundries for about $30-billion, which would be Intel's largest acquisition ever. Cruise ships also in the spotlight: Canada announcing it will allow cruises to resume in November if certain health guidelines are met. The anchors engaged in a roundtable discussion with analysts who cover the cruise lines, whose shares are among the worst performers on the S&P 500 this month. Also in focus: Los Angeles County to resume indoor mask mandates as the COVID-19 Delta Variant continues to spread, Moderna shares surging on news it will be added to the S&P 500, Didi slumps again on new developments surrounding a Chinese cybersecurity probe, June retail sales come in better than expected, investors flocking toward big tech, and Apple employees reportedly saying the company is cracking down on remote work. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Powell Testimony Day 2, Morgan Stanley Caps Big Bank Earnings, Markets & the Delta Variant Factor, Cathie Wood's "Risk-off" Message, Plus an Exclusive: Mark Wahlberg and the CEO of "F45 Training" on Taking the Fitness Chain Public Jul 15, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber took a closer look at the markets ahead of Fed Chair Jerome Powell's second day of testimony to Capitol Hill lawmakers -- this time before the Senate Banking Committee. The anchors explored the impact of the COVID-19 Delta Variant on stocks as vaccinations slow down. They also discussed better-than-expected earnings from Morgan Stanley, the last major bank to report earnings this week. ARK Invest's Cathie Wood also in the spotlight: Carl, David and Jim reacted to what she told CNBC about her growth strategy and that she thinks we are in a "risk-off period." On the IPO front: "F45 Training" -- a fitness chain backed by actor Mark Wahlberg -- at the NYSE for its Wall Street debut. Wahlberg and F45 Founder and CEO Adam Gilchrist explained to the anchors why the company's going public now. Wahlberg also weighed in on the streaming landscape as movie theaters try to rebound from the pandemic. Also in focus: The chips trade including Taiwan Semiconductor, General Motors telling some owners of previously recalled Bolt EVs to park outside after Bolts that had been repaired caught fire, "Meme Stock Madness" as AMC Entertainment tries to reverse its recent stock slump, and Blackstone enters a deal to manage AIG's insurance and housing assets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bank Earnings Parade Day 2, Waiting For Powell's Testimony, Cathie Wood's Warning on Chinese Stocks, Good News for the Airlines, The FAANG trade & the FTC, and Record Highs for Apple and the S&P 500 Jul 14, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber took a deep dive into the latest batch of bank earnings: Bank of America beat on the bottom line but missed on revenues, while Citigroup and Wells Fargo each posted better-than-expected quarterly results. Asset management giant BlackRock also beat the street. The anchors reacted to what BlackRock CEO Larry Fink told CNBC about his expectations for the market amid inflation fears and worries about the recent spread of COVID-19's Delta Variant. They also discussed Fed Chair Powell's prepared remarks ahead of his Capitol Hill testimony -- that say inflation will likely remain high in the coming months. Chinese stock volatility in focus: Ark Invest's Cathie Wood is warning investors that major Chinese companies are losing value amid Beijing's anti-monopoly and data security crackdown. A good morning for airline stocks: American said it expects to report positive cash flow for the second quarter, while Delta posted better-than-expected quarterly results and what it calls a "solid" pre-tax profit for the month of June. The anchors reacted to Delta CEO Ed Bastian telling CNBC he expects "solid profitability" in the current quarter and beyond as the consumer drives the carrier’s recovery. Apple hits a new record high: The company reportedly asking suppliers to build as many as 90 million next-generation iPhones. Also in focus: A new record high for the S&P 500, how to play FAANG and Microsoft as new FTC Chair Lina Khan looks to rein in big tech, and on the SPAC front -- the SEC charges Momentus and Stable Road for "misleading disclosures" ahead of their proposed business combination. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Big Banks Kick Off Earnings Season, Hot CPI and Playing the Inflation Trade, Not a "Dream" Day for Boeing, The FDA Slaps a Warning on J&J's COVID Vaccine, and Cramer's Message to Investors on AMC Entertainment Jul 13, 2021

Show notes

After a record-setting week for stocks, Carl Quintanilla, Jim Cramer and David Faber led off the show with a closer look at better-than-expected quarterly results from JPMorgan Chase and Goldman Sachs, marking the beginning of earnings season. Highlights include comparing both companies' investment banking results, Goldman's return on equity hitting double-digits and strength in asset management, and JPM CEO Jamie Dimon’s comments on reserve releases and the strength of the American consumer. The anchors also discussed June CPI coming in hotter than expected, up 0.9% for the month and surging 5.4% from a year ago -- the largest jump since 2008 -- and where earnings from PepsiCo and Conagra fit into the inflation trade. Boeing under pressure after announcing plans to cut back 787 Dreamliner production due to a structural issue. Cramer asks what it's going to take for Boeing CEO David Calhoun to stop the company's "endless stream of bad news." Johnson & Johnson also in the spotlight after the FDA announced it is adding a warning to J&J's COVID-19 vaccine to warn of a very small incidence of the rare neurological disorder known as Guillain-Barre syndrome. The anchors reacted to Dr. Anthony Fauci's comments to CNBC in which he defends the vaccines that have received emergency use authorization, calling them "highly effective." Also in focus: The best ways to play the semiconductor sector now, retail and mall stocks amid rising inflation, and Cramer on how investors in AMC Entertainment should manage the stock's recent decline. The anchors also reacted to comments Goldman Sachs CEO David Solomon made on his company's earnings call: He expressed concerns about the prospect of a pandemic resurgence. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

New Record Highs, China’s Continued Crackdown, Branson Blasts Off Jul 12, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber began with a closer look at China’s continued crackdown, with a new Wall Street Journal article reporting that TikTok owner ByteDance shelved its IPO plans after receiving a warning from government officials. The social-media giant was last valued at $180 billion. Plus, Sir Richard Branson won the billionaire space race, following Virgin Galactic’s successful flight over the weekend. Our Morgan Brennan was live from New Mexico and caught up with the billionaire founder. And, the Nasdaq and S&P notched new record highs ahead of a busy week of earnings. JPMorgan and Goldman Sachs both set to report tomorrow morning before the opening bell. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Squawk on the Street - July 09, 2021 Jul 09, 2021

Show notes

The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks Sell Off, Cramer’s Second Half Themes, State AGs Sue Google Jul 08, 2021

Show notes

David Faber and Jim Cramer begin with the market sell-off, with the Nasdaq on pace for its worst week since mid-May. Cramer outlines his 7 market themes to watch for in the second half of the year. The anchors also discuss attorneys general from 36 states and the District of Columbia bringing a new antitrust suit against Google over its mobile app store. Cramer believes this could be a threat to the stock, but not the business. And, one of the nation’s largest banks, Citigroup, says it expects most U.S. and U.K. workers to return to office by September, but is that too optimistic? 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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