Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at President Biden's decision to tap the U.S. Strategic Petroleum Reserve in an effort to lower gasoline prices at the pump. Other countries have announced similar measures. So why are energy stocks and crude prices shrugging off that news? The anchors also focused on tech the morning after a late session sell-off for the sector, including Zoom Video tumbling despite a quarterly beat -- and why one-time high fliers such as Palantir and Chegg have lost more than half of their value this year. Also in focus: Retail earnings movers such as Best Buy ahead of "Black Friday", Activision's new "Workplace Responsibility Committee," the U.S. issues warnings not to travel to Germany and Denmark due to COVID outbreaks, and Medtronic CEO Geoffrey Martha joined the program with the stock under pressure after the company lowered guidance due to the COVID resurgence and staffing shortages. Cramer asked him why investors should buy the stock.
D'autres épisodes de "Squawk on the Street"
Netflix Plummets, Peloton After the Sell-Off, Nasdaq Correction Deepens, Intel’s $20B Bet, and Carl Icahn Says Some Market Multiples Are “Crazy”
43:36On a big day full of tech news, Jim Cramer and David Faber led off the show with Netflix: Shares tumbled more than 20% in reaction to the company’s subscriber growth outlook. The anchors discussed what’s at stake for the streaming landscape and brought back the “penguins” as analysts lined up to downgrade Netflix. After Peloton shares fell 24% Thursday on CNBC’s report that the company is temporarily halting production on its key products, Peloton announced it is reviewing its production levels – and CEO John Foley fired back at the CNBC report. Also in focus: Nasdaq on track for its worst week since March 2020, Intel to invest $20 billion in two new plants in Ohio to manufacture advanced chips, buying semiconductor stocks on the dips, “the danger of SPACs,” and Carl Icahn to CNBC on the markets: “Some of the multiples are crazy.”
The Nasdaq Correction, SEC Chair Gensler’s Message on Regulating Crypto, Omicron Effect on Airline Earnings and Bookings, and Capitalizing on the Energy Rally
43:16Carl Quintanilla, Jim Cramer and David Faber explored markets trying to rebound amid the recent tech sector slump: Nasdaq in correction territory – down 10% from its highs – and entering the session down more than 8% since the beginning of the month. SEC Chair Gary Gensler says to expect increased regulatory scrutiny of cryptocurrency trading platforms. The anchors reacted to what Gensler told Jim Cramer on CNBC when it comes to Dogecoin. Airline earnings from American and Delta also in the spotlight – as well as what the carriers’ CEOs told CNBC about the omicron variant’s impact on bookings. Also in focus: The energy sector rally and ESG, meme stock moves and Ford vs. Tesla.
Squawk on the Street
43:51The 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.
Microsoft Gaming and Activision Blizzard CEOs on Their Companies’ Mega-Deal, Goldman Sachs Misses and Stocks Tumble, Exxon's Net Zero Carbon Emissions Goal, and BlackRock's Fink on "Woke" Capitalism
46:31Carl Quintanilla, Jim Cramer and David Faber led off the show with news of a mega-deal: Microsoft agreeing to acquire "Call of Duty" videogame publisher Activision Blizzard for $95 per share or $68.7 billion in cash. Becky Quick, Jim and David interviewed Microsoft Gaming CEO Phil Spencer and Activision Blizzard CEO Bobby Kotick in a CNBC Exclusive. There was more for the anchors to discuss on a busy Tuesday: Markets in sell-off mode as yields rise and Goldman Sachs posts a fourth-quarter earnings miss, BlackRock CEO Larry Fink out with his annual letter in which he says stakeholder capitalism is not "woke," Exxon Mobil aims for net zero greenhouse gas emissions by 2050, the tech sector extends its 2022 slump and GlaxoSmithKline rejects Unilever's $68.4 billion offer to acquire GSK's consumer health business.
Big Bank Earnings and a Retail Sales Slump Weigh on Markets -- While Tech Tries to Rebound From Thursday's Sell-off
43:28David Faber, Morgan Brennan and Mike Santoli focused on a rough start for the Dow and S&P 500: Both under pressure after big banks kicked off earnings season with their quarterly results -- and new data showed weaker-than-expected retail sales in December in wake of the omicron outbreak and inflation. JPMorgan Chase and Citigroup each fell sharply after posting a decline in quarterly profits, while Wells Fargo's results gave the stock a lift. Piper Sandler analyst Jeff Harte offered his perspective on the banks, while top retail analyst Matthew Boss of J.P. Morgan shared his favorite names in the group he covers. Also in focus: The tech stocks bouncing back from Thursday's sell-off, Fedspeak on rate hikes, casino stocks rally, Disney gets downgraded and space stocks take a hit.
Markets & Inflation Data Day 2, Fed Vice Chair Nominee Heads to the Hill, VP Harris on COVID Test "Urgency", Delta Beats, and TPG's IPO: The Biggest of 2022
43:41Inflation once again on center stage: Carl Quintanilla, David Faber and Mike Santoli focused on market reaction to a tamer-than-expected Producer Price Index for December -- as well as growth stocks vs. value. The anchors also discussed Fed Vice Chair nominee Lael Brainard's prepared testimony on inflation ahead of her confirmation hearing on Capitol Hill. Carl, David and Mike reacted to Vice President Kamala Harris' comments to NBC's "Today" show -- she estimates COVID-19 tests for all Americans will go out next week, calling the move "a matter of urgency" for the White House. Cowen internet analyst John Blackledge joined the program to discuss his 2022 ad tech outlook as well as why he downgraded Snap. Also in focus: Delta posting better-than-expected fourth-quarter results despite the omicron variant spread, private equity firm TPG going public with the biggest IPO of 2022 so far, and AMC CEO Adam Aron unloading $7 million more of his company's shares -- but tweeting that he's finished selling.
Markets Shrug Off Hot Inflation Data, the Financials on a Record Run, and Has the Nasdaq Bottomed? Plus: Biogen Slumps on Medicare and Alzheimer's Drug News: Reaction from the CEO of Novartis
43:51Carl Quintanilla, Jim Cramer and David Faber on inflation watch: Markets rise despite data showing consumer prices up 7% in December from a year ago. Cramer offered his perspective on how Fed Chair Jerome Powell is handling inflation in wake of Tuesday's re-confirmation hearing on Capitol Hill. The anchors also reacted to what Domino's CEO Richard Allison told CNBC about how he sees the inflation picture. Also in focus: The financial sector's record run ahead of big bank earnings, Nasdaq coming off its best day in three weeks: Has it bottomed? Dish Network shares jump on reports it is in merger talks with DirecTV, DoorDash CEO Tony Xu joins the board of Facebook parent Meta and Biogen shares tumble on Medicare decided it would only cover the company's Alzheimer's drug under certain conditions. On day three of the J.P. Morgan Healthcare conference, Meg Tirrell interviewed Novartis CEO Vas Narasimhan about everything from its licensing of a COVID drug to Medicare's decision on covering Biogen's Alzheimer's drug.
Tech’s Turnaround, Powell on the Hill, Reddit Rebellion: 1-Year Later
43:14Carl Quintanilla, Jim Cramer and David Faber began the show with a look at the market volatility, with the Nasdaq snapping a 4-day losing streak during yesterday’s late rebound. The S&P is looking to avoid it 6th straight day of declines. The anchors also hit the 1-year anniversary of the Reddit Rebellion, when Chewy co-founder Ryan Cohen was named to Gamestop’s board of directors. Shares of $GME are up more than 500% over the last 12-months. Also in the mix: Abercrombie & Fitch shares moved higher despite the retailer lowering its guidance for fourth-quarter sales. This follows Lululemon warning of reduced Q4 revenue earlier in the week, citing staff shortages and reduced store hours due to the surge in Covid-19 cases.
Stocks and Crypto Extend Slump, Exclusive With Take-Two CEO on Zynga Deal, and Gilead Sciences CEO on the Battle to Treat COVID
42:59Carl Quintanilla, Jim Cramer and David Faber explored how investors should navigate a rough start to the week for stocks: The tech sector extending its 2022 sell-off amid rising bond yields. Bitcoin and other cryptocurrencies also continuing to take a hit. Take-Two Interactive was the S&P 500's worst performer after the home of "Grand Theft Auto" announced it has agreed to acquire mobile gaming company Zynga for $9.86 per share in cash and stock, representing a 64% premium to Friday's closing price. Take-Two Chairman & CEO Strauss Zelnick appeared on the program exclusively to discuss the deal. As part of CNBC's coverage of the virtual J.P. Morgan Health Care Conference, Meg Tirrell interviewed Gilead Sciences CEO Daniel O'Day about his company's antiviral "Remdesivir" and how the treatment is faring against the COVID-19 omicron variant. Carl, Jim and David reacted to Wall Street firms' top stock picks for 2022.
White House CEA Chair Reacts to December Jobs Data, GameStop Surges on NFT/Crypto Report and Abbott Labs CEO Looks to Boost COVID Test Production as Omicron Spreads
43:14Carl Quintanilla and Jim Cramer focused on market reaction to the big news of the morning: The December employment report showed non-farm payrolls up 199,000 -- about half of what Wall Street had been expecting -- but the unemployment rate fell to 3.9%. Cecelia Rouse -- Chair of President Biden's Council of Economic Advisers -- joined the program to discuss the jobs report, inflation, the COVID-19 omicron variant outbreak and what's at stake for the economy. GameStop shares soared on a report that the videogame retailer is launching a division to develop a marketplace for NFTs and establish cryptocurrency partnerships. The anchors did a "Squawk on the Street" flashback to April 2021 when Cramer said that GameStop has to "go crypto." Also in focus: Abbott Labs’ CEO said the company plans to boost production of its COVID-19 test kits to 100 million a month, Cramer on companies that should have gone public via IPO instead of striking SPAC deals, plus an upbeat week for the banking sector and cruise line stocks.