SOTS 2nd Hour: The Fed Playbook - What Comes Next, & LIVE: Bullish, Expedia CEOs 9/18/25

Dow, S&P, and Nasdaq hitting fresh record highs after yesterday's Fed Decision: Carl Quintanilla, Sara Eisen, and David Faber got the market playbook — and more on what could come next — with Bank of America's Savita Subramanian and Evercore Vice Chair Krishna Guha. Plus: Intel shares surging as Nvidia takes a multi-billion dollar stake in the company; hear analysis from one long-time chip analyst on what it means for the companies - and their competition.  Also in focus: the view from the C-Suite. Shares of crypto exchange Bullish popping higher after their first earnings report as a public company - CEO Tom Farley came to Post 9 to break down the numbers... Before the team also caught up with the CEO of Expedia, live from one of the travel industry's biggest conference with her read on demand, prices, and how AI is transforming the business.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Anchors Carl Quintanilla, David Faber and Jim Cramer began the hour with Nvidia’s $5 billion investment in Intel, as part of a deal to co-develop data center and PC products. The news sent shares of Intel surging sharply at the market open. The desk also discussed the Fed’s decision to cut rates for the first time in 2025, with 2 more cuts likely before year end. Later in the show, FCC Chairman Brendan Carr joined the program to discuss ABC’s decision to suspend Jimmy Kimmel over his remarks about Charlie Kirk. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cramer calls this tech giant a ‘juggernaut’. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtakeCNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A Fed rate decision just hours away: Get ready with David Faber and Sara Eisen this hour, along with former Fed economist & creator of the "Sahm" rule Claudia Sahm. To kick things off: the team looked at where things stand on consumer rates - and current FOMC members - before jumping into the market impact. Housing also a key focus as the rate on a 30-year mortgage hits multi-year lows... Walker & Dunlop Chairman Willy Walker came to Post 9 with his read on what could come next.  Also in focus: a series of individual stock stories on the day.... Hear from the CEO of Lyft, as shares surge double digits on a new Waymo partnership. Plus: a wide-ranging discussion with former SEC Chair Gary Gensler - spanning crypto to the President's new push to end quarterly results.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer started the hour with a preview of the Fed’s decision in the afternoon, where the group is expected to cut rates for the first time this year. The desk also shifted to Nvidia and an FT report that China is banning its tech companies from buying Nvidia’s AI chips. After the opening bells, the CEO of StubHub joined the show to discuss the company’s public debut.  Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Another FOMC meeting kicking off today:Carl Quintanilla, Sara Eisen, and David Faber broke down a slew of new data points from consumer retail sales to new homebuilder sentiment crossing top of the hour. Charles Schwab's Chief Investment Strategist Liz Ann Sonders joined the team with her expectations - while one banks analyst broke down his top picks in the space as the big banks hit new highs. Plus: CNBC's out with our latest Fed Survey - what investors need to know this hour.  Also in focus: a potential U.S.-China Tiktok deal... Hear David Faber's exclusive reporting, and what Oracle has to do with it - along with more details on what's driving declines in shares of Warner Brothers Discovery. Plus: Eli Lilly revealing the first of 4 new manufacturing sites here in the U.S. during the hour - and CEO David Ricks talked to CNBC about the move. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Sara Eisen, and David Faber began the show with a look at the big Fed meeting on deck, a day after an appeals court ruled that President Trump cannot fire Federal Reserve Governor Lisa Cook before the FOMC Meeting. David Faber also had a new Faber report on TikTok, saying that the framework agreement for the social media platform will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance. Later in the hour, CNBC’s Phil LeBeau brought an exclusive interview with the CEO of Rivian on the company’s new $5B EV assembly plant in Georgia. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cramer says this tech giant’s value relative to price is ‘very high’. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtakeCNBC Investing Club Disclaimer  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

S&P and Nasdaq kicking off a big week with more record highs:  Carl Quintanilla, Sara Eisen, and David Faber broke down the latest as big tech names from Apple to Tesla lead the charge in early trading. Google reaching a $3T market cap for the first time ever - while Tesla gains on new share purchases from CEO Musk, and investors get bullish on demand for Apple's newest iPhones. Veteran tech investor Dan Niles - and Truist Wealth Chief Investment Officer Keith Lerner - joined the team with their takes on all the action.   Plus: vaccine stocks in focus ahead of a key CDC meeting this week - former FDA Commissioner Scott Gottlieb gave his predictions for regulation ahead.    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer, and David Faber discussed the latest trade news following U.S. and Chinese officials convening in Europe over the weekend. Trump said the meeting between U.S. and China has gone “very well” and hinted that a TikTok deal might also be close. The desk also debated President Trump’s post on Truth Social that companies and corporations should “no longer be ‘forced’ to report on a quarterly basis.” After the bells, the anchors broke down the big rally for Tesla after Elon Musk revealed he purchased around $1 billion worth of Tesla shares on Friday. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.