10AM Hour: Midterms Market Impact, Marvell Buys Lumentum, & Applied Digital CEO Talks AI Buildout Concerns 11/2/26

Mondelez CEO Dirk Van de Put joins to discuss the company's recent earnings beat and majority investment in Undercover Snacks. Then, we discuss what a divided Washington could mean for policy ahead of the midterm elections tomorrow. Plus, we preview what to expect from Apple earnings after the bell 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.

Midterms a key focus as investors work through updated S1 numbers from Anthropic and look ahead to another blockbuster week of earnings (with Apple & Palantir on deck) - what it all means for stocks and how to position your portfolio according to Rockefeller's Ruchir Sharma, Apple expert analyst Laura Martin, and the options market. Plus: Applied Digital CEO Wes Cummins joined the team at Post 9 with his read from the ground on the AI buildout, and the team broke down Marvell Technology's huge new deal to buy Lumentum with exclusive sound from both CEOs. 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 a new month with the AI trade — and especially Intel — looking to rebound from Friday's big sell-off. Big M&A news in the mix: Marvell Technology agreed to acquire Lumentum in one of the biggest tech deals of all time. The CEOs of both companies joined the program to discuss why they believe the all-stock deal will create a "leader in AI connectivity." Staying on the AI front: The anchors delved into breaking news involving Anthropic's amended IPO prospectus. At Post 9, Kimberly-Clark CEO Mike Hsu discussed what's next for the company after closing its acquisition of Tylenol maker Kenvue. Also in focus: Oil prices down sharply; Apple earnings preview; October's biggest winners and losers.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.

Patrick Moorhead of Moor Insights & Strategy joins to break down Intel's latest quarter, which is sending shares tumbling today. Then, CFTC Chairman Michael Selig joins to discuss Utah filing criminal charges against Kalshi. Plus, Twilio CEO Khozema Shipchandler breaks down their latest 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.

Intel shares plummet after the company issues weaker-than-expected fourth-quarter guidance, blaming the PC slowdown for its light forecast. Plus, investors react to Amazon’s Q3 earnings miss, with the stock trying to stay in positive territory for the year. Later, Eamon Javers joins the hour to break down the largest crypto heist ever, as Binance looks to recover from a security breach affecting more than $6 billion.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 covered Friday's tech sell-off that sent the Nasdaq down more than 2%. Intel shares plunged more than 30% on weak guidance sparked by the PC slowdown. Amazon also down sharply after posting a quarterly miss, despite strength at AWS. The anchors explored what it all means for the AI trade. Coffee, oil and diesel: Starbucks CEO Brian Niccol and Chevron CEO Mike Wirth joined the show to discuss their companies' respective quarterly results. Also in focus: The $6.3 billion Binance crypto hack; Marvell-Lumentum M&A update, the bright spots shrugging off the sell-off.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 industrial gas stock is a buy while the price is down. 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.

Citi's Head of AI Research Heath Terry joins to discuss the impact of big tech earnings on the broader AI trade as Alphabet shares sink post-results. Then, Shell CEO Wael Sawan breaks down the company's latest quarter where profit nearly doubled. Plus, we speak to Thrive Holdings Partner Kareem Zaki on their acquisition of ADT for more than $7 billion in equity value.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.

Alphabet shares plunge toward their worst day ever as investors question the strength of its core search business and massive AI spending plans. Plus, Wall Street reacts to earnings from Microsoft and ServiceNow. Then Ares Management CEO Michael Arougheti joins Squawk on the Street in a CNBC exclusive after the firm beats earnings expectations. And DoorDash announces a $17 billion acquisition of Instacart, raising questions about a potential antitrust battle.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.

On a busy earnings Thursday, David Faber and Jim Cramer delved into results from a trio of trillion-dollar companies: Tech under pressure after Alphabet shares tumbled on a Q3 miss which included a slowdown in search advertising sales growth; Microsoft shares rose on a quarterly beat driven by cloud revenue growth; Eli Lilly CEO Dave Ricks joined the program exclusively to discuss the pharma giant rallying on better-than-expected quarterly results — which were fueled by demand for weight-loss drugs. On the M&A front: DoorDash agrees to acquire Instacart in a $17 billion deal; Marvell reportedly in talks to buy Lumentum. Also in focus: Caterpillar tumbles; ServiceNow and Fortinet plunge; Oracle's free cash flow update; Reaction to earnings from the likes of FedEx, T-Mobile and Chipotle. 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.