Squawk on the Street

Jim Cramer and David Faber breakdown M&A Monday. A busy morning in deal news, starting with a historic deal in the chip sector. Nvidia buying Arm from Softbank in a deal valued at $40 billion financed through a combination of cash and common stock. Nvidia CEO, Jensen Huang, joining Jim & David to discuss the deal. Plus, shares of Oracle surging after beating Microsoft in the battle for the U.S. ar...

The “Squawk on the Street” team observes moments of silence in honor and remembrance of the 19th anniversary of the September 11th terror attacks. David Faber and Jim Cramer discuss the tough week for the market. The Nasdaq nearly in correction territory and on pace for its worst week since March, while the Dow & S&P 500 are on pace for their largest weekly losses since late June. Peloton a big mo...

Scott Wapner and the investment committee debate if the 3-day sell-off has run is almost done, or if there is more downside ahead. Plus, what to do with the high-flying tech names. And, Al Michaels joins Halftime to talk about the kick-off to the new NFL season tonight. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for a...

Carl Quintanilla and Jim Cramer start the morning with breaking news out of Citi, as CEO Michael Corbat announces he will be retiring in February. Citi is promoting Jane Fraser to become the first woman CEO of a megabank. Stocks on the rise for a second day, as tech continues its rebound from that massive selloff. And an update from AstraZeneca, as the drug maker said it should know before the end...

Carl Quintanilla, Jim Cramer and David Faber discuss the slight swing up for stocks after a brutal few days for the market. The Nasdaq marking its fastest 10% plunge in history, while the six biggest tech stocks have lost more than $1 trillion over the last three days alone. Shares of Tiffany getting clobbered after LVMH scraps its deal with the company. David reports that Tiffany is suing LVMH fo...

Carl Quintanilla, Jim Cramer and David Faber discuss the rough start to September. Tech plunging again, with the Nasdaq falling 3%. The Dow and S&P 500 both having their biggest 3-day loss in 3 months. Tesla tumbling after getting an S&P snub. The stock was not included in the index changes announced. Etsy, Teradyne, Catalent were added, while H&R Block, Coty and Kohl’s were removed from the S&P 5...

The “Squawk on the Street” team discusses today’s stock moves after the of better-than-expected U.S. unemployment data, Wall Street trying to recover some of Thursday’s steep losses. Plus the tech sector continuing to selloff after its biggest one-day drop since March. And First on CNBC, Vice President Mike Pence discusses today’s jobs report, the economic recovery and refutes a new report about a...

The “Squawk on the Street” team discusses today’s pullback for stocks, dragged lower by big tech. Plus, the CEO of Rocket Companies on the company’s quarterly results and why he’s predicting strong demand for refinancing in the coming quarter. And the White House outlook on the economy, Acting Chair of the President’s Council of Economic Advisers, Tyler Goodspeed weighs in on today’s jobless claim...

The “Squawk on the Street” team discusses the pop in stocks and the continuing strong start for the month of September. A bright spot in retail as Macy’s shares surge on stronger-than-expected online growth. The retailers second-quarter digital sales were up 53% from a year ago. Plus, Peloton on the move after being named a “top pick” at J.P. Morgan and increasing its price target to a street-high...

The “Squawk on the Street” team discusses the start to September. The S&P & Dow both notching their best August since the 1980s, as stocks post their biggest monthly gains since April. September has the worst track record for stocks and any pullback could be swift as investors keep a close eye on the election. White House Chief of Staff, Mark Meadows, joining the “Squawk on the Street” team to dis...

The “Squawk on the Street” team discusses Wall Street’s best August in 30 years. The Dow kicking off the week with three new constituents, Salesforce, Amgen and Honeywell will be included, replacing longtime component Exxon Mobil, Pfizer and Raytheon Technologies. Plus two major stock splits taking effect this morning from Apple & Tesla. Plus, David’s exclusive reporting on Steve Cohen’s bid for t...

Carl Quintanilla, David Faber and Kelly Evans discuss the strong week for stocks as the Dow tries to erase its losses for 2020 & the S&P 500 eyes its best August since 1986. Plus Dell’s quarterly results top estimates amid continued cost controls and strong consumer PC demand, CEO Michael Dell forecasting that 50% or more could continue working remotely post COVID-19 pandemic. And David’s latest r...

Carl Quintanilla, Jim Cramer and David Faber digest comments from Federal Reserve Chairman Jerome Powell. The Fed Chair presenting at the virtual Jackson Hole summit and announcing a major policy shift to “average inflation targeting.” The central bank will be more inclined to allow inflation to run higher than the standard 2% target before hiking interest rates. The Fed also announcing its changi...

Carl Quintanilla, Jim Cramer and David Faber discuss the melt-up for stocks. The S&P 500 and the Nasdaq hitting record intraday highs. Shares of Salesforce.com surging after reporting earnings that more than doubled estimates. The company’s revenue also beating the street, and it raised its full year forecast as it benefits big from the increase in remote work and e-commerce. On the COVID-19 front...

Carl Quintanilla, Jim Cramer & David Faber discuss the pop in stocks, as the S&P 500 ekes out another record high. The U.S. and Chinese trade officials reaffirming their commitment to the Phase 1 trade deal. Plus, changes are coming to the DOW as Exxon Mobil, Pfizer and Raytheon Technologies will be removed, while Salesforce,com, Amgen and Honeywell will be added. The changes will take effect on A...

Carl Quintanilla, Jim Cramer, David Faber discuss the surge in stocks, building on a record-setting week. The latest coronavirus developments driving the moves in the major averages. The Trump administration granting emergency authorization for a coronavirus plasma treatment. The White House is also considering fast tracking the COVID-19 vaccine candidate being developed by AstraZeneca and Oxford...

“The Squawk on the Street” gang digs through the movers of the morning, as Wall Street tries to end a record setting week on a high note. Tesla remains on watch after exceeding $2,000 per share for the first time on Thursday. Shares of Tesla are up 40% for the month of August alone. Plus, today is the “record” date for the company’s 5-for-1 stock split. Uber and Lyft winning reprieve in California...

Carl Quintanilla and Jim Cramer discuss the slump for stocks as U.S. weekly jobless claims jump, totally 1.106 million last week. Plus, yesterday’s Fed minutes revealing officials expect that coronavirus will “weigh heavily” on the economy. Carl & Jim dig through the movers of the morning. Nvidia reporting a beat on the top & bottom line also issuing a strong current quarter revenue outlook. Share...

Carl Quintanilla and Jim Cramer discuss the end to the shortest bear market in S&P 500 history. Stocks getting a boost from blowout results from retailers Target & Lowes, both hitting record highs at the open. Target reported a monster quarter with profit jumping 80%, and same-store sales set a record. And Lowe’s also reported a blow-out quarter with a 30% surge in revenue. Southwest dropped an up...

Carl Quintanilla & Jim Cramer discuss the state of stocks as the S&P 500 rises to a new record high all-time high that was set before the coronavirus pandemic hit. Two retail giants surging this morning giving the major averages that boost. Walmart earnings and revenue beating the street last quarter as same-store sales surged by 9.3% and its e-commerce sales nearly doubled. Home Depot said its sa...

Carl Quintanilla and Jim Cramer discuss the market gains, as the S&P continues to creep toward a record high after railing to notch it last week. Goldman’s David Kostin boosting his S&P target by 20% raising his forecast to 3,600 from 3,000. The U.S. Postal Service is front and center as Democrats are calling for its chief to testify at an “urgent” Congressional hearing over elections concerns. Ho...

The “Squawk on the Street” team digests the market moves, little changed as the S&P 500 struggles to hit its record high. Plus, no stimulus deal, as the Senate departs Washington for its summer recess. And battle between apps and the app stores. Apple & Alphabet’s Google are being sued by Epic games, the developer of Fornite, after both removed it from their app store. The tech giants are claiming...

Jim Cramer and David Faber discussed the mixed market as traders digest better-than-expected unemployment data. Weekly jobless claims falling below estimates of 1.1 million. Shares of Cisco getting hammered. The company did beat the street, but revenue did decline from a year earlier and its guidance was softer than anticipated. National Economic Council Director Larry Kudlow joins Jim and David t...

Jim Cramer and David Faber discuss the swings in the market. Stocks rebounding after the S&P 500 snapped a 7-day win streak. Plus, President Trump announcing a deal to buy 100 million doses of Moderna’s vaccine sending shares skyrocketing. The company says the deal with the government is worth $1.53 billion. Jim & David breakdown the big movers of the morning from Tesla’s 5-for-1 stock split, to R...

Jim Cramer and David Faber discuss the boost in stocks as the S&P 500 closes in on a record high. Russia says it has approved a COVID-19 vaccine. President Putin saying, “as far as I know, this morning, for the first time in the world, a vaccine against a new coronavirus infection has been registered.” It’s important to note that no data has been published by the researchers and that it has only b...