CNBC Special Report: America's Deficit Reckoning 7/7/25

Carl Quintanilla and Jim Cramer discussed stocks trying to shake off Monday's trade-related sell-off, after President Trump delayed higher tariffs on various trading partners until August 1. The anchors also reacted a pair of bullish calls on the S&P 500: Bank of America raised its year-end target on the index to 6300, Goldman Sachs lifted its target to 6600 for the same time period. Also in focus: Meta hires a top Apple AI executive, Tesla after the Musk "America Party" sell-off, what Amazon CEO Andy Jassy told Jim ahead of Tuesday's Prime Day kickoff, HSBC's call to "reduce" JPMorgan Chase and Goldman Sachs, Wendy's CEO heads to Hershey.  Squawk on the Street Disclaimer 

Carl Quintanilla, Leslie Picker, and Mike Santoli began the hour by breaking down shares of Tesla moving in reverse after Elon Musk said he is launching a political party. CNBC’s Phil LeBeau also joined the show to break down the motives behind Musk’s new “America Party” and why the news sent Tesla shares lower. The desk then shifted to the latest news out of D.C., after President Trump moved the tariff deadline to August 1 from July 9, with Treasury Secretary Bessent also teasing that the administration could make “several” trade-related announcements in the next 48 hours. Also in focus: a huge deal in the AI space. CoreWeave announced it will acquire Core Scientific in a $9 billion all-stock deal to strengthen its position in the AI arms race. Squawk on the Street Disclaimer

Carl Quintanilla and Jim Cramer discussed what's ahead for stock markets entering a new week at record highs. The anchors also reacted to what Treasury Secretary Scott Bessent told CNBC about President Trump's tariff deadline and to expect "several announcements in the next 48 hours." White House senior trade and manufacturing adviser Peter Navarro joined the program to discuss his op-ed titled "Jerome Powell Is Competing to Become the Worst  Fed Chair in History." Also in focus: Tesla shares slide after Elon Musk announces formation of the new "America Party" -- and Trump says Musk has gone "off the rails," high-flying CoreWeave buys Core Scientific, Oracle offers the federal government a discount.    Squawk on the Street Disclaimer 

AMERICA’S DEFICIT RECKONING: What happens if the U.S. doesn’t rein in the budget deficit? CNBC interviewed a dozen experts, investors and former government officials over the course of five months to explore the consequences of America’s fiscal path – not how to solve it, but what’s at stake if we don’t. This special report unpacks how rising debt threatens markets, hinders economic growth, and fractures international relations. From trillion-dollar annual interest payments to bond-market tremors to geopolitical vulnerability, CNBC explores the tipping point that the U.S. may be approaching – and whether it’s still possible to change course.

Private jobs jumping more than expected in June: Sara Eisen, David Faber, and Wilfred Frost broke down the latest as the S&P and Nasdaq hit fresh record highs. Hear key takeaways from JPMorgan Asset Management’s Chief Global Strategist, plus Goldman Sachs Chief Economist Jan Hatzius – fresh off news earlier in the week that he’s moving up his expectations for the Fed’s first rate cut to September. Also in focus: a number of huge headlines out of D.C. – the team got the latest from D.C. as investors await final passage of President Trump’s “Big Beautiful Bill”, breaking down the key winners and losers when it comes to future tax breaks… And discussed the outlook for chip stocks, on the heels of the U.S. lifting some export curbs on China around design software earlier this morning.

David Faber and Jim Cramer wrapped up a holiday-shortened trading week with reaction to the stronger-than-expected June jobs report that propelled the S&P 500 and Nasdaq to new all-time highs. President Trump's "One Big Beautiful Bill" set up for a final passage vote in the House of Representatives. The anchors discussed what the legislation could mean for investors. Also in focus: Three stocks at the center of the U.S. decision to lift export restrictions on chip design software to China, OpenAI reportedly agrees to a $30 billion data center deal with Oracle. Squawk on the Street Disclaimer

Another day of jobs data and trade deals: Sara Eisen, David Faber, and Wilfred Frost broke down the latest as the President announces a new deal with Vietnam. Key details, this hour. Plus: Oppenheimer’s Chief Investment Strategist gave his take on the action – before the team caught up with Valueworks Founder Charles Lemonides, who discussed his investments in Rivian, Joby, Amazon, and Micron.  Also in focus: a number of huge movers, from Centene shares on pace for their worst day *ever* to new numbers out of Constellation Brands… What investors should know about both names. Plus, the big banks playbook as the group sees gains across the board on the promise of dividend hikes and buyback boosts ahead. 

David Faber and Jim Cramer drilled down on two big stories from the world of mega-tech: Microsoft announced it is laying off about 9,000 employees worldwidein its latest round of job cuts, while Tesla saw its shares rise on the company's Q2 deliveries report. Also in focus: Big banks boost dividends and announce stock buybacks, a negative surprise in the ADP jobs report, Centene shares plummet and drag health insurers lower after the company pulls its guidance, Jefferies upgrades Apple to "Hold," Paramount’s $16 million settlement with President Trump, OpenAI CEO Sam Altman vs. Meta's poaching, the group of tech stocks Cramer now calls "MNMs." Squawk on the Street Disclaimer

Cramer explains why this tech giant still has room to grow market share. 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/morningtake CNBC Investing Club Disclaimer

Fresh jobs data top of the hour: Sara Eisen, David Faber, and Wilfred Frost broke down the latest on the heels of new commentary around rates from Fed Chair Powell, before J.P. Morgan Asset Management’s Global Strategist joined the team at Post 9 with her bull and bear case for stocks. Plus: the latest from Washington as lawmakers continue to work on passing President Trump’s tax and spending bill – and the feud between the President and Elon Musk reignites over government spending and EV credits. One auto expert arguing: Tesla’s biggest risk isn’t Musk – but China (hear why this hour).  Also in focus: a number of individual movers on the day, including Astrazeneca on reports of a possible re-listing here in the U.S. – the team discussed the news, and talked top healthcare picks with an analyst from Mizuho; More on the catalyst that could push Financials to fresh all-time highs after the bell; And a deep-dive on the data that’s driving big gains for shares of casinos with Macao exposure.