Squawk on the Street

Latest Episodes:

Big Week For Earnings, Apple's $430B Investment Plan, The Reopening Trade and Dr. Gottlieb's Call To End Outdoor Mask Edicts, Bitcoin Back Above $50K, and M&A -- From Companies Being Taken Private to a Railroad Bidding War Apr 26, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber kicked off the show by discussing what to expect from a big week of earnings reports -- including names such as Tesla, Apple and Amazon. Apple also making news by announcing it is committing $430-billion in U.S. investments over five years -- the plan includes more than 20,000 new American jobs. As for the reopening trade: Sanofi announced it has agreed to help manufacture Moderna's COVID vaccine -- and plans to fill and finish up to 200 million doses by September. The Sanofi/Moderna news comes after states began administering Johnson & Johnson’s COVID-19 vaccine over the weekend, once federal regulators recommended that a pause be lifted. The anchors explored the road ahead for travel as well as workers returning to the office in wake of the vaccination ramp-up. They also reacted to what former FDA commissioner Dr. Scott Gottlieb told CNBC about his call for the CDC to end outdoor mask edicts. Also in focus: Bitcoin rebounding back above $50,000 after last week's sell-off, Volkswagen warning of a big production hit due to the global chip shortage and what it could mean for automakers in the U.S., an update on the railroad bidding war for Kansas City Southern, cybersecurity company Proofpoint agrees to be taken private in a $12.3-billion deal, and last year’s eye-opening compensation for CEOs despite 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.

Morning After the Sell-off: Capital Gains Tax Hike Fears, Bitcoin Tumbles Below $50K, Intel and the Chip Shortage -- Stock Falls Despite Q1 Beat, and Wrapping Up The Week's Earnings Parade Apr 23, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber discussed what's next for stocks after Thursday's sell-off, sparked by fears about President Biden's plan to hike the capital gains tax rate to 39.6% for those Americans earning more than $1-million. They also talked about a note out of Goldman Sachs that says the final capital gains tax increase likely will be much less than Wall Street fears. Those tax fears playing a role in Bitcoin tumbling below $50,000 for the first time since early March. Intel also seeing its stock slide despite first-quarter earnings that beat analyst estimates. The anchors reacted to what CEO Pat Gelsinger told Jim Cramer about the global chip shortage. Other earnings movers in focus: American Express (especially on the travel spending front), Honeywell, Snap, Mattel and Kimberly-Clark -- what do their results tell us about the recovery? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Credit Suisse Posts "Unacceptable" Loss After Archegos Scandal, First On: The CEOs of Southwest Airlines and Dow Inc., Earnings from Airlines to AT&T, and "Jeopardy" Guest Hosts: Who Is David Faber? Apr 22, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber began the show by highlighting that "Jeopardy" has chosen David as one of the guest hosts to close out Season 37 of the legendary game show. On the corporate front: Credit Suisse shares took a hit after the bank reported losses related to the Archegos hedge fund scandal. The anchors reacted to comments from the CEO -- he called the losses "unacceptable" but insisted there is no risk culture problem at CS. A busy earnings calendar also in focus: American and Southwest among the airlines posting quarterly results. Southwest Chairman & CEO Gary Kelly appeared on the program to talk about the carrier's first quarter numbers, why he believes the worst may be over when it comes to weak travel demand amid the pandemic, the company's climate goals and why it's forecasting a lower cash burn rate. Dow Inc. CEO Jim Fitterling also came on the show to discuss his company's earnings and where COVID fits into the picture -- as well as Dow's recycling strategy when it comes to climate initiatives. The anchors took a closer look at AT&T -- one of the big earnings winners of the morning as the company added more wireless customers in Q1 than analysts had been expecting. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Netflix Slumps As Subscriber Growth Disappoints, Verizon Beats But..., Apple's New Product Lineup And A Price Target Hike, SPAC Fallout, And The Botched COVID Vaccines: Factory Update Apr 21, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber began the show with an in-depth look at Netflix's quarterly results -- the stock tumbling on a bigger-than-expected decline in subscriber growth. The anchors also reacted to comments Netflix Founder and Co-CEO Reed Hastings made on his company's earnings call – he said there is "no real change" Netflix can detect in the competitive environment. Also on the earnings front, Verizon beat on the top and bottom line but lost more wireless subscribers than expected during the first quarter. The program featured a live report from Minneapolis on the Derek Chauvin verdict. Apple in the spotlight the morning after its new product launch -- including iPad Pros that use the company's M1 chip and have 5G support. The anchors discussed Morgan Stanley analyst Katy Huberty's call to raise her price target on Apple to $158. Also in focus: Travel amid the pandemic -- Goldman Sachs upgrades Norwegian Cruise Line to "Buy" while airline shares fall, the SPAC fallout and the SEC crackdown, a follow-up on Canadian National's $33-billion takeover bid for Kansas City Southern, and in a regulatory finding, Emergent BioSolutions said the FDA has asked the company to temporarily stop producing materials for COVID-19 vaccines while U.S. regulators investigate its plant in Baltimore responsible for ruining millions of Johnson & Johnson shots. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Earnings Season Ramps Up, Railroad Bidding War: Canadian National's Rival $33B Offer to Buy Kansas City Southern, The Reopening Trade and the "Fully Vaccinated" Factor, Countdown to Apple's Product Event and What to Expect from Netflix's Quarterly Results Apr 20, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber kicked off the show with a look at the earnings parade, including results from Dow components IBM, Procter & Gamble, Johnson & Johnson and Travelers. The CEO of Canadian National appeared on the program to discuss the railroad operator's offer to acquire Kansas City Southern for $325 per share in cash and stock. The transaction is valued at more than $33-billion including debt and tops the $275 per share deal Canadian Pacific struck with KC Southern. The anchors explored the reopening trade in wake of rising COVID cases: How long might it take to get people who are fully vaccinated back into the office? Also in focus: A preview of Apple's product event, United Airlines posts a wider-than-expected Q1 loss, Boeing extends the retirement age for CEO Dave Calhoun, what to expect from Netflix's quarterly earnings and subscriber numbers due out after the bell, and Cramer explains why he believes Fisker is not "the next Tesla." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bitcoin's Horrible Weekend, GameStop CEO to Step Down, The UK Intervenes in Nvidia's$40B Chip Deal, An Earnings Beat for Coca-Cola, Tesla Shares Slide Amid Probe, and Disney CEO's Message on Movies and Reopening Theaters Apr 19, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber let off the show by discussing working our way back to normal: Jim and David being on set together for the first time in 13 months. They segued to Bitcoin's weekend sell-off and what it means for cryptocurrency and shares of Coinbase after last week's public debut. Coinbase's CEO sold shares of his stock and ARK Invest's Cathie Wood bought more Bitcoin. Semiconductors also in the spotlight: The UK government has intervened in Nvidia’s proposed $40-billion deal to acquire chip designer ARM on national security grounds. On the earnings front, Coca-Cola posted better-than-expected quarterly results and improved margins. Also in focus: The union that lost an election aimed at unionizing an Amazon warehouse in Alabama filed a federal complaint accusing the company of illegal interference, Dr. Anthony Fauci ‘s comments about the future for Johnson & Johnson's halted COVID vaccine, anchor reaction to what Disney CEO Bob Chapek said in a Barron's interview about streaming subscribers returning to reopened movie theaters and what the future holds for blockbuster film budgets, Peloton shares down sharply after a federal agency warned consumers to stop using the company's "Tread+" treadmill, and Tesla shares under pressure as authorities in Texas are looking into a Tesla crash over the weekend that killed two men. According to a report, no one was behind the wheel of the car. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Special Episode: TechCheck – Capping off our Inaugural Week: an Exclusive with Airbnb CEO Brian Chesky, Jason Calacanis Weighs in on the Week in Debuts, The Reopening of Universal Studios Hollywood and so much more. Apr 16, 2021

Show notes

We’re capping off our inaugural week packed with powerhouse guests and the top stories in tech with an exclusive interview with Airbnb CEO Brian Chesky. He discusses the future of work and his travel expectations post-Covid with our Deirdre Bosa. Plus, big time tech investor Jason Calacanis joins us to weigh in on the week of market debuts, Coinbase’s implications for crypto and Robinhood’s fight in Massachusetts. We’ve also got new product news coming up next week from Apple-we’re digging into customer loyalty to both Apple and Amazon remaining high. And our Julia Boorstin takes us live to Universal Studios Hollywood on re-opening day. CNBC’s Josh Lipton also joins to break down the chip stocks to invest in right now. That and so much more today on the show. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Markets' Record Run -- Dow 34K And Beyond, Morgan Stanley Caps Big Banks' Earnings Week, Treasury's Report On China's Currency, Massachusetts vs. Robinhood, and David Einhorn Blames Palihapitiya And Musk for Pouring "Jet Fuel" on GameStop Apr 16, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber discussed a record run for stocks: The Dow closed above 34,000 on Thursday for the first time, going on to hit fresh all-time intraday highs at the market open along with the S&P 500. The anchors highlight stats which show U.S. stocks' 76% jump year-over-year from March 2020 lows marked the biggest such surge in 100 years. The anchors also took a closer look at Morgan Stanley's record first-quarter profit along with the losses related to the Archegos hedge fund scandal: What do this week's bank earnings mean for the financial sector going forward? The Treasury Department released a report saying it is keeping China on a watch list of countries with questionable currency practices but is not labeling it a currency manipulator. In the trading spotlight: Massachusetts regulators are seeking to revoke Robinhood's license as a broker-dealer in the state, accusing the firm of "aggressively inducing and enticing trading among its customers" - plus Greenlight Capital's David Einhorn blaming Chamath Palihapitiya and Elon Musk of throwing "jet fuel" on the GameStop trading frenzy. Also in focus: The reopening trade and the challenges Johnson & Johnson faces with its COVID vaccine on pause, David Faber's weekly SPACs report, and the state of the IPO market in light of this week's Coinbase direct listing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Special Episode: TechCheck – The Coinbase Hangover, Bezos Speaks on the Amazon Union Vote, the AppLovin’ IPO, Where in the World is Jack Ma? And much more. Apr 15, 2021

Show notes

Lots to cover in tech today. We’ve got a packed show. We hit the biggest news of the day in tech with Kanyi Maqubela of Kindred Ventures. He gives us his take on Bezos’ comments to shareholders on the Alabama union vote defeat and the record-breaking Coinbase market debut yesterday. On the Coinbase front, the OG investor in the crypto platform Garry Tan joins on why he got in early and his initial belief in the company. Plus, we’ve got AppLovin CEO Adam Foroughi ahead of the IPO shaping up to be one of the largest this year. Finally, we’re tracking Jack Ma as he resurfaces for the first time since October with Financial Times reporter Ryan McMorrow. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Retail Sales Surge and The Reopening Trade, B of A and Citi's Earnings Beats, Day 2 for Coinbase After Strong Public Debut and $85.8B Value, An Exclusive With Delta's CEO, and New Record Highs for the Dow and S&P 500 Apr 15, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber discussed the catalysts sparking another record-setting day for the Dow and S&P 500: U.S. retail sales jumped 9.8% in March as more Americans were vaccinated and spent $1,400 stimulus checks, jobless claims sunk to a post-pandemic low of 576,000 last week, and Bank of America and Citigroup posted first-quarter results that beat Wall Street Estimates -- and Citi announced it is exiting consumer banking in 13 countries including China, Vietnam, India and Australia. Delta Air Lines CEO Ed Bastian joined the program exclusively to discuss everything from the surge in travel bookings as vaccinations increase --to the company's stance on the Georgia voting law. The anchors also took a closer look at what's next for Coinbase one day after its strong public debut -- the cryptocurrency exchange finished Wednesday's trading session with a market value of almost $86-billion. Also in focus: Walmart investing in General Motors' "Cruise" self-driving car subsidiary, Dell outlining its VMWare spin-off plan, and Merck saying its antiviral pill for COVID shows promise for non-hospitalized patients. 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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