10AM Hour: Stocks Stage Midday Reversal, Starboard’s Jeff Smith, Predicting Netflix’s Post-Earnings Move 10/20/26

Pershing Square Founder & CEO Bill Ackman joins from Tel Aviv to discuss the bull case for investing in Israel and the broader investment landscape. Then, Roundhill CEO Dave Mazza joins to discuss the latest round of tech earnings and where he sees opportunity. Plus, we bring you the details of a new security flaw that was uncovered in the software that runs most of the internet.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.

Stocks come under pressure as renewed Middle East tensions push oil higher and concerns over AI spending weigh on tech. On today’s Squawk on the Street, we break down earnings from Meta and Tesla, including Meta’s new share structure, speculation around a potential Tesla-SpaceX merger, and the latest on AI capital spending. Plus, IBM CEO Arvind Krishna explains why he believes the company’s business remains resilient despite growing concerns about demand destruction.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.

Carl Quintanilla, David Faber and Michael Santoli delved into AI trade weakness, including why Meta and Tesla shares fell despite both companies posting Q3 beats. The anchors reacted to what Meta CEO Mark Zuckerberg and Tesla CEO Elon Musk said on their respective earnings calls. On a rough day for the chip sector, CNBC's Arjun Kharpal interviewed Nvidia CEO Jensen Huang at the company's GTC conference in Berlin. Also in focus: Meta's new class of stock to fund AI spending; Buzz surrounding a potential SpaceX-Tesla merger; IBM earnings reaction; The "Tide" is high for P&G; Lockheed Martin rallies; Airline earnings impacted by fuel costs; Oil prices surge on Middle East tensions; Barclays and the job cuts parade; Carriers cut the price of Apple's foldable iPhone Duo ahead of its Friday in-store 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.

Kroger CEO Greg Foran joins to discuss inflation, the consumer and their new $5 billion investment plan announced at their investor day yesterday. Then, NHL Commissioner Gary Bettman speaks about the future of the league's TV rights, the impact of sports betting and much more. Plus, we speak to Oppenheimer analyst Timothy Horan about SpaceX's earnings, which have the stock surging today.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.

Is a merger between SpaceX and Tesla inevitable? Early investor in both companies, Peter Diamandis, weighs in on a potential timeline and the market opportunity ahead for SpaceX, as the tock jumps after earnings. Then Netflix’s former head of content acquisition on how the company can win back viewers following a disappointing quarterly report. And the CEO of Philip Morris, owner of brands like Marlboro and Zyn, his first reaction to earnings as the stock slips despite a beat.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.

Carl Quintanilla, David Faber and Michael Santoli led off the show with SpaceX shares jumping sharply: The company posted a 161% surge in quarterly revenue fueled by the AI boom — and CEO Elon Musk said a SpaceX-Tesla merger is "a good idea." The anchors also reacted to what Musk said on SpaceX's earnings call about generating $1 trillion in revenue. A different story for Netflix: The stock under pressure after the streaming giant reported another slowdown in quarterly revenue growth — and issued weaker than expected advertising and sales guidance. Also in focus: Anthropic's draft IPO prospectus reportedly shows red-hot revenue growth and soaring computing costs; AT&T shares slide despite an earnings beat; United Airlines rises in the face of a guidance cut; Nvidia CEO Jensen Huang's keynote at GTC Berlin.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 still likes this tech giant despite a recent downgrade. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here:  cnbc.com/morningtake CNBC 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.

Impactive Capital Managing Partner Lauren Taylor Wolfe joins to discuss the importance of activist investing and how she's looking at the AI trade right now. Then, Former TikTok CEO Kevin Mayer shares his expectations for Netflix earnings and the broader streaming space. Plus, we break down GM and GE earnings, which have both stocks tumbling today.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.

Stocks rally off the lows, while oil retreats from the highs on unconfirmed reports of progress between the U.S. and Iran. Then Starboard Value’s Jeff Smith reveals the newest name his firm has taken a stake in and the changes they are pushing for. Plus, the options market pricing in a massive move for Netflix’s following those results after the bell. We look at what way traders think that stock is headed.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.

Carl Quintanilla, Jim Cramer and David Faber kicked off the show with a look at continued turbulence in tech stocks, following a rough session for South Korea’s tech-heavy Kospi index. Cramer also highlighted Loop Capital’s downgrade of Apple during his “Stop Trading” segment. After the opening bell, Faber discussed AI cyber risks with DNI Jay Clayton, live from 13D Monitor’s Active-Passive Summit.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.