Squawk on the Street

Latest Episodes:

After Friday's Jobs Report: Record Highs For Stocks, The Reopening Rally, Yellen And The Global Minimum Corporate Tax, Tesla Delivers, Tech Bounces Back, The Archegos Fallout Continues, And GameStop Slumps -- But Is It The "Ultimate Crypto Play?” Apr 05, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber discussed the major indices rallying in their first session following the blowout March jobs report, which was released when the markets were closed for Good Friday. Helping the Dow and S&P hit fresh record highs: The reopening trade -- shares of cruise operators, airlines, AMC Entertainment and others leading the way in wake of the ramp-up in COVID vaccinations. The anchors also reacted to news that Treasury Secretary Yellen is expected to call for a global minimum corporate tax. They also explored whether the tech unwind rotation is coming to an end. Tesla getting a boost after its Friday release of record deliveries for Q1. With certain electric vehicle stocks and SPACs getting hammered recently, Jim weighs in on how individual investors can avoid getting burned in this market. GameStop slumps after announcing plans to sell up to 3.5 million shares in an "at-the-market" offering: Is the stock the "ultimate crypto play?” David outlines the latest developments surrounding the Archegos margin call fallout. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

S&P 500 Kicks Off Q2 With A New Milestone, Pres. Biden's $2T Infrastructure Plan: From Electric Vehicles And Taxes To China And Chips, Pfizer And J&J COVID Vaccine Developments, And An Exclusive With The CEO Of AMC Entertainment Apr 01, 2021

Show notes

On the first trading day of the second quarter, Carl Quintanilla and Jim Cramer discussed the S&P 500 surpassing the 4,000 mark for the first time. The move comes one day after President Biden outlined his $2T infrastructure plan, which includes point-of-sale rebates when buying a new electric vehicle and funding for 500,000 EV charging stations. The anchors explored what such a development could mean for automakers and EV SPACs, and reacted to what President Biden said about hiking corporate taxes to pay for the plan -- plus Commerce Secretary Gina Raimondo's comments to Jim explaining why the package is about competing with China. Semiconductors also part of the infrastructure/China discussion as well, inculding Micron's better-than-expected quarterly results. On the COVID front: Pfizer and BioNTech out with new data showing 91% efficacy for its vaccine after six months, adding it is effective against the South African variant -- and Johnson & Johnson announcing a batch of its of its covid-19 vaccine produced at an Emergent Biosciences factory in Baltimore did not meet quality standards and will not be distributed. AMC Entertainment Chairman & CEO Adam Aron spoke exclusively with Jim and Carl, discussing the movie theater chain's reopening plans. Aron also announced that AMC is asking shareholders to approve a 500 million share offering. Also in focus – CEOs speak out: Highlights from Wednesday night’s CNBC special “Race and Opportunity In America.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Pfizer Says COVID Vaccine Is Effective In 12-To-15-Year Olds, The Reopening Trade, President Biden’s $2T Infrastructure Plan, Black Executives’ Message To Corporate America On Voting Rights – And Delta’s CEO Weighs In, And The Last Trading Day Of Q1: What’s Next For Stocks? Mar 31, 2021

Show notes

Carl Quintanilla and Jim Cramer led off the show with news out of Pfizer: The drugmaker says its study shows COVID-19 vaccine was 100% effective in preventing Covid-19 in children ages 12 to 15. The anchors went on to discuss how the U.S. is leading the charge on vaccinations. They also highlighted reopening-related stories: Wells Fargo says as of September 6 it sees a more normal return to work, while on the commercial real estate front JPMorgan Chase, Salesforce and PriceWaterhouseCoopers are among the companies looking to unload major blocks of office space. Ahead of President Biden's remarks making the case for his $2T infrastructure plan, Carl and Jim discussed which stocks are most likely to benefit from passage of such a bill. Merck CEO Ken Frazier, former American Express CEO Ken Chenault and dozens of the nation's Black business leaders are calling on all of corporate America to publicly and directly oppose new laws that would restrict the rights of Black voters -- and use their clout, money and lobbyists to sway the debate with lawmakers. The anchors reacted to what Frazier and Chenault told CNBC about the initiative. In a statement, Delta CEO Ed Bastian criticized Georgia's new election law, calling it "unacceptable" and that it would make it harder for Blacks in the state to vote. Also in focus: Wrapping up the first quarter and what to expect from stocks in the second quarter, plus earnings movers: Lululemon and Chewy moving in opposite directions. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Archegos Margin Call Fallout Winners And Losers, Yield Spikes And Inflation Fears, The CDC Director's "Impending Doom” Warning Vs. The Recovery, The Foxconn Effect On Apple, And Spotify’s Live Audio Bet Mar 30, 2021

Show notes

The morning after the Dow hit a fresh record high, Carl Quintanilla and Jim Cramer kicked off the show with a closer look at the market continuing to weigh the fallout from the Archegos margin call: Shares of Nomura and Credit Suisse extend their losses, shares of ViacomCBS, Discovery and Baidu continue to rebound and Jim gives a thumbs up to JPMorgan Chase's risk controls. The anchors also reacted to Archegos' statement, in which the firm cites what it calls a "challenging time." The 10-year note yield rises to a 14-month high, putting inflation in focus as the White House pushes ahead with plans for an infrastructure bill. Carl and Jim also discussed the spike in home prices and what it means for Home Depot, Lowe's and the homebuilders. They explored other names that could benefit from a recovery and reacted to CDC Director Dr. Rochelle Walensky's warning that the U.S. is headed for "impending doom" as COVID cases rise again. Also in focus: Apple shares under pressure after its top supplier Foxconn cautioned that a "materials shortage" could hit its supply chain in the comping months, Spotify says it has acquired the creator of the "Locker Room" live audio sports chat app and plans to expand it to offer a range of sports, music and cultural programming, and Cathie Wood's latest move: Ark Invest's space and exploration ETF makes its trading debut. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets And Margin Call Fallout As Nomura & Credit Suisse Shares Tumble, ViacomCBS & Discovery After Last Week's Plunge, Cargo Ship Stuck In The Suez Canal Is Freed, Boeing Gets A Lift From Southwest, And Internet Stocks Benefit From Wall Street Calls Mar 29, 2021

Show notes

Carl Quintanilla and Jim Cramer kicked off the show by discussing volatility weighing on the markets as shares of Nomura and Credit Suisse tumble -- both companies warning of significant hits to their first quarter results after exiting positions with a large U.S. hedge fund that defaulted on margin calls last week. Goldman Sachs and Morgan Stanley also saw their respective shares take a hit. The recent plunge in shares of ViacomCBS and Discovery also in the spotlight: A source told CNBC the selling pressure in certain media stocks and Chinese ADRs was due to the forced liquidation of positions held by Archegos Capital. David Faber called in to the program to discuss the margin call fallout, the lack of transparency and how this is going to bring great scrutiny to the swap market. Also in focus: The massive cargo ship stuck in the Suez Canal has been freed, Southwest Airlines announcing 100 firm orders for the Boeing 737 Max while taking an option on 155 additional jets, Goldman revising its Q2 GDP forecast, the reopening trade and whether Lululemon should be included in the mix, and upbeat Wall Street calls on internet stocks such as Facebook and Twitter. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Green Friday, State of the Retail Investor, China vs. Nike & H&M, WeWork Agrees to SPAC Deal, U.S. Transportation Secretary Pete Buttigieg Mar 26, 2021

Show notes

The “Squawk on the Street” team discusses stocks edging higher, in the green to close out the week. Focusing on the retail investor as GameStop shakes off a slump and soars to snap a recent slide. China vs. Nike and H&M day 2. The world’s biggest seller of fast fashion, H&M, effectively ceasing to exist in China after it was wiped off of apps in China. Backlash continuing from Chinese consumers over the company’s decision to stop sourcing from China’s Xinjian region. Plus, still breached. The stranded mega-container vessel, Ever Given stuck in the Suez Canal, holding up an estimated $400 million an hour in trade, according to estimates. WeWork agreeing to a SPAC deal with BowX Acquisition, that would take the startup public in a deal worth $9 billion including debt. WeWork was once valued at $47 billion. Watching bank stocks, after the Federal Reserve announced plans to lift restrictions on bank dividends and stock buybacks. And an interview with the U.S. Transportation Secretary, Pete Buttigieg. Hear what the Secretary had to say about the future of infrastructure spending and much more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

SPAC-Down Coming?, ViacomCBS Crushed, Nike’s Social Backlash, Big Tech on the Hill Mar 25, 2021

Show notes

David Faber and Jim Cramer discuss the stocks making the biggest moves of the morning. Shares of ViacomCBS falling again this morning after closing down 23% the previous day. Investors are continuing to react to a new stock sale and questioning the ability of the company to execute successfully on its streaming strategy. ViacomCBS also getting a downgrade over at MoffettNathanson. Plus, a possible spac-down is coming. Reports that the SEC is opening an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved. Shares of Nike falling, the target of criticism on Chinese social media for a statement in which the company said it was “concerned” about reports of forced labor in Xinjiang. Nike also saying it doesn’t source products from the region. Plus, big tech CEOs facing questions before a House panel over online disinformation. The CEOs of Facebook, Twitter and Alphabet all set to testify. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

“Intel Is Back,” GameStop Divergence, Exclusive: Adobe CEO, Breaking Testimony Released from Tech CEOs Ahead of Hearing Mar 24, 2021

Show notes

David Faber and Jim Cramer get straight to the big movers of the morning. Shares of Intel higher after the company announced it’s spending $20 billion to build two major chip plants in Arizona. The company’s new CEO, Pat Gelsinger, saying “Intel is back. The old Intel is now the new Intel.” Gelsinger also announcing a shift in strategy, a new division called Intel Foundry Services that taps into one of the biggest trends in the world of semis. Plus, shares of GameStop getting pummeled after reporting results, missing analyst expectations. The company didn’t address the Reddit-fueled trading frenzy on its call, and skipped Q&A all together. The CEO of Adobe, Shantanu Narayen, joining David and Jim exclusively to discuss the company’s latest quarter, NFTs and a lot more. Plus, testimony released from Tech CEOs Dorsey, Zuckerberg, and Pichai ahead of tomorrow’s hearing on social media misinformation. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

One-Year Bull Market Anniversary, AstraZeneca Roller Coaster, Combating Wokplace Malaise: Citi’s Zoom Free Fridays, Goldman CEO Address Junior Bankers’ Complaints Mar 23, 2021

Show notes

David Faber and Jim Cramer discuss the slump in stocks on the one-year bull market anniversary. Treasury yields ebbing lower following prepared remarks from Federal Reserve Chairman Powell for a congressional hearing this afternoon. Powell warning, “The recovery has progressed more quickly than generally expected and looks to be strengthening. But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes.” AstraZeneca falling in a rare statement released just hours after the company announced positive results from its late-stage U.S. trials, an independent monitoring board told U.S. health officials that the drug maker may have given incomplete efficacy data from its COVID-19 vaccine trial. A junior banker survey goes viral at Goldman Sachs, CEO David Solomon addressed the complaints. Plus, Citigroup’s new CEO Jane Fraser barring internal video calls on Fridays and encouraging vacations in a big effort to combat work from home malaise. David and Jim dig through the big movers of the morning. ViacomCBS shares getting slammed after the company said it will raise $3 billion from stock offerings, following a recent runup in its stock price. The media company will sell $2 billion in class B common shares and $1 billion in mandatory convertible preferred shares. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Declining Bond Yields Boost Tech, Tesla Shares Pop & Mega Rail Deal Mar 22, 2021

Show notes

Jim Cramer and David Faber discuss the tech bounceback – leading the Nasdaq and S&P 500 higher amid falling Treasury Yields. Shares of Apple, Facebook & Microsoft all gaining more than 1% in morning trading. Plus shares of Tesla rallying more than 4% as Cathie Wood’s Ark Invest puts out a new price target on the stock which calls for it to quadruple in four years. And Morgan Brennan joins for First On CNBC interview with Canadian Pacific Railway CEO Keith Creel, the company acquiring Kansas City Southern, in a deal which would create the first U.S.-Mexico-Canada rail network. 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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