Squawk on the Street

Latest Episodes:

Bank Stocks Pull Markets Lower on Fed News, The Tech Stock Slide: How High Will Bond Yields Go?, Earnings: FedEx And Nike Shares Head In Opposite Directions, And The NFL's 11-Year Media Agreement Includes An Amazon Exclusive Mar 19, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show reacting to breaking news that sent financial stocks lower and bond yields higher: The Fed announced it will not renew pandemic-era capital relief for banks. Jim says interest rates need to stabilize to end the slide for big tech stocks such as Microsoft. This as more Wall Street firms weigh in on whether the 10-year note yield will surpass two percent by the end of the year. Earnings news also in the spotlight: FedEx up sharply after beating estimates, while Nike shares take a hit as shipping delays impact its results. The anchors also took a look at the NFL's new eleven-year media agreement which includes Amazon getting exclusive rights to stream Thursday night football games. Also in focus: Tense talks between the U.S. and China, Barclays upgrades Ford to “overweight” citing the automaker’s electric vehicle strategy, The one-year rebound and rally in cruise stocks and what it would take for the cruise lines to ramp up trips as vaccinations accelerate, SPACs getting hurt, Chubb's unsolicited bid to acquire insurance rival Hartford Financial, and a survey that shows Goldman Sachs junior investment bankers are suffering burnout. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

"Stages Of Grief" For Big Tech As Rates Rise, Fed Chair Powell's Message On Inflation, Where The Money's Going Now, A Lift for Lyft, And Hollywood Swinging: AMC Ramps Up Movie Theater Reopenings Mar 18, 2021

Show notes

The Morning after the Dow surpassed 33,000 for the first time, Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at the rising 10-year note yield as inflation fears extend losses in the tech sector. Jim explains why Microsoft, Apple and Amazon are among the big tech names experiencing "stages of grief" -- and how money is rotating into names such as Caterpillar. The anchors reacted to Fed Chair Jerome Powell's comments from yesterday on inflation and supply bottlenecks -- he said "one-time increases in prices are likely to have only transient effects on inflation." They looked at what rising energy prices could mean for companies such as 3M. Also in focus: Lyft announcing year-over-year growth in ridesharing volume, AMC Theatres ramping up reopenings in the U.S. and what AT&T CEO John Stankey told David about the theatrical window compared to three years ago, winners and losers in retail including an earnings miss for Dollar General, and Citi's upbeat note about Intel and its new CEO Pat Gelsinger. An extra: How Powell, Ben Bernanke and Janet Yellen are being used to give "Rickrolling" a whole new meaning. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tech Sector Slump And The Rising Rates Effect, Countdown To Fed Chair Powell's Remarks, Amazon's Telehealth Expansion, And The EV Boom: Lucid Motors CEO's Message About Apple Mar 17, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the program with a look at the linkage between a slump in tech stocks and a rise in bond yields, plus the economic boom versus supply shortages and the resulting inflation. A big question the anchors explored: What will Fed Chair Jerome Powell say about inflation and rising rates at his news conference -- and after the central bank releases its policy statement? Jim also took a deep dive into why younger investors don't take bond yields into account while buying stocks. Amazon announcing it will be rolling out its "Amazon Care" telehealth service in all 50 states this summer for its own workers -- and for other employers. Electric vehicles also in the spotlight: The anchors reacted to what Lucid Motors CEO Peter Rawlinson told Jim about how the company stands to benefit from its SPAC deal -- and how Lucid welcomes competition from the likes of Apple. Also in focus: What's next for the airline sector as discount carrier Sun Country goes public, BofA’s eye-opening note on Bitcoin, Uber granting drivers in the UK worker status, and why shares of Plug Power have recently slumped after soaring more than 1000% over the past twelve months. 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 Hits Record High One Year After COVID-Fueled Market Crash, A Street-High Call For Apple, Feeling "Lucid" about EVs, And An Exclusive With The Chairman Of Oxycontin Maker Purdue Pharma Mar 16, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber took a closer look at the reopening trade including airline and cruise stocks on a day in which the S&P 500 hit a new all-time intraday high. They also discussed Evercore ISI raising its price target on Apple to a street-high $175 per share. SPACs and electric vehicle maker Lucid motors also in focus, including David's encounter with the company's CEO. In an exclusive, David interviewed the chairman of Oxycontin maker Purdue Pharma about the company's bankruptcy reorganization plan and multi-billion dollar opioid settlement. The anchors looked back at the COVID-fueled market crash which occurred one year ago on March 16, 2020. On that date the Dow plunged by almost 3,000 points -- with the S&P 500 and Nasdaq each tumbling by twelve percent. You'll hear what Jim Cramer said on that date about the crash. Also in focus: What United Airlines CEO Scott Kirby told CNBC about the travel outlook as COVID vaccinations ramp up, Moderna's COVID vaccine trials involving children, AstraZeneca facing challenges as multiple European countries suspend use of its vaccine on blood clot concerns, and what AMD CEO Lisa Su told Jim about meeting demand in wake of the chip shortage. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks' Historic Run, Positioning For A Recovery, Airline Sector Heads Skyward, Elon Musk As "Technoking", And A New Milestone For Cramer Mar 15, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber kicked off a new market week with the Dow, S&P 500 and Russell 2000 heading into the trading session at record highs. The anchors discussed sector rotation in the markets as investors try to position themselves for a recovery, SPACs coming off a positive week, plus an upbeat morning for airline stocks: The Transportation Safety Administration said airport screening levels are now at one-year highs. Separately, Southwest said passenger demand is continuing to improve this month. Tesla also in the spotlight after its regulatory filing noting that "the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively..." and that they will maintain their respective positions as CEO and CFO. David revisited last week's interviews with the CEOs of Verizon, AT&T and T-Mobile about the record-breaking 5G auction. Also in focus: Eli Lilly shares tumbling on news regarding its Alzheimer's drug, European countries suspending the use of AstraZeneca's COVID-19 vaccine, President Biden reportedly planning the first major federal tax hike since 1993, Treasury Secretary Yellen's comments on calls for a wealth tax, and Jim Cramer's "Mad Money" celebrates its 16th anniversary. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Market Records And Tech Turbulence, The Competition Takes On Tesla, An Exclusive With AT&T's CEO, And The Bank Stocks Rally Rolls On Mar 12, 2021

Show notes

Carl Quintanilla, David Faber and Mike Santoli led off the show with a look at what's next for stocks one day after the Dow and S&P 500 hit new record highs. Tech stocks erasing many of the gains from Thursday's rally as bond yields rise. Will the surge in yields be short-lived? The anchors also discussed the markets pricing in the acceleration of growth. How much of an economic rebound will we see as millions more become fully vaccinated? President Biden announced he is directing states to make all adults eligible to receive a COVID-19 vaccine by May 1. Carl, David and Mike also explored Tesla facing heightened competition as more companies enter the electric vehicle space. David had an exclusive interview with AT&T CEO John Stankey. They discussed the company's "Investor Day," AT&T's more than $27-billion investment in C-Band spectrum licenses and the road ahead for its HBO Max streaming service. Also in focus: This year's bank stocks rally, comments from Goldman Sachs CEO David Solomon on work-from-home versus returning to the office, a Citi Apple analyst's note on the Apple Car, plus another IPO coming to market - The CEO of residential and commercial pool manufacturer Hayward Holdings appeared on the program to discuss his company's public debut. 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 For The Dow, Nasdaq Rallies, The Pandemic Anniversary & Pfizer's COVID Vaccine, And Verizon CEO On The Company's $53-Billion Bet Mar 11, 2021

Show notes

On the first anniversary of the World Health Organization declaring the COVID-19 outbreak a pandemic, Carl Quintanilla, David Faber and Mike Santoli took an in-depth look at another record day for the Dow, plus a rally for the Nasdaq as yields stabilize one day after the House passed the $1.9-trillion COVID relief package -- and Pfizer and BioNTech said data from Israel suggests that their COVID-19 vaccine is 94% effective in preventing asymptomatic infections. The anchors reacted to what Pfizer CEO Albert Bourla told CNBC about the importance of getting the first vaccine available. They also discussed Dr. Anthony Fauci's recollection of the first time he received groundbreaking news about Pfizer's vaccine "in his own words." Verizon CEO Hans Vestberg also joined the program the morning after his company's investor meeting to discuss 5G, the streaming landscape and why Verizon spent $53-billion on C-Band spectrum. Also in focus: Roblox's second day of trading on Wall Street and what's pressuring shares of General Electric. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tame Inflation, Dow Hits a Record, GE CEO Larry Culp on AerCap Deal, “Meme Stocks” Surging Mar 10, 2021

Show notes

Carl Quintanilla, David Faber and Leslie Picker discuss the big move for stocks, as the Dow sets a new intraday record high. Data out Wednesday morning showing tame inflation, easing worries about rising prices that have jolted yields. Plus, GE merging its aircraft leasing unit with rival AerCap in a $30 billion deal. David speaks with GE CEO, Larry Culp on the deal and much more. A report out of Japan’s Nikkei says Apple is going to be cutting its iPhone production orders for the first half this year by 20%, focusing in on the iPhone Mini. Roblox preparing to go public on the New York Stock Exchange through a direct listing. The exchange setting a reference price for the video game platform at $45 per share. “Meme stocks” moving higher, Gamestop, AMC and Koss all surging. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nasdaq Surge, Airlines Rally, Vaccine Effectiveness Against New Variants, One Year Later Mar 09, 2021

Show notes

The “Squawk on the Street” team discusses the big swing higher for stocks. Big moves for the tech-heavy Nasdaq, as giants Apple, Amazon, Microsoft, Netflix and Alphabet all gain at lease 2%. Tesla popping, after falling for 5 straight sessions and losing 21% over that span. And the airlines extending their rally in hopes of a big post-pandemic rebound. The “Squawk on the Street” team speaks with a top Cowen analyst about the road ahead for the airlines, travel and more. Tanger Outlets hammered after Goldman Sachs downgraded the stock to sell from neutral. More positive news on the vaccine front. The Pfizer – BioNTech vaccine appears to be highly effective against a more contagious variant of the virus first discovered in Brazil. Plus, a close look at bank stocks which have rallied big since their pandemic low back in March of Last Year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Flipping the Script, Market Swings, Senate Stimulus Approval, David Digs Through the Deals Mar 08, 2021

Show notes

The “Squawk on the Street” team discusses the mixed market. The Dow changing course after bullish comments from hedge fund manager David Tepper. Tepper writing in to CNBC that a, “combination of stimulus and low Japanese bond yields positive for U.S. stocks.” That “selling of U.S. Treasury’s is likely over” and “stocks like Amazon look attractive.” The Senate passing that $1.9 trillion dollar Covid relief bill. President Biden says people will start getting stimulus checks this month. Oil in focus again, as Brent crude breaks $70 after Saudi Arabia’s oil facilities were attacked by Yemen’s Houthis. Plus, a busy morning for deals, David digs through the big movers. General Electric nearing a $30 billion deal to merge its aircraft leasing business with AerCap Holdings. Apollo Global gains following news that it will merge with Athene Holding in an all-stock transaction valuing Athene at about $11 billion. And McAfee, surging on news it sold its enterprise business to privately held Symphony Technology Group for $4 billion in cash. 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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