Squawk on the Street

On another record-setting day for the S&P 500, Carl Quintanilla, Jim Cramer and David Faber led off the show with a discussion about President Biden's $2-trillion infrastructure plan and raising corporate tax rates to pay for it. The president says he is willing to negotiate the 28% percent rate he favors. The anchors explored how the potential for a tax hikes could affect company guidance during earnings season -- as well as just how much corporations benefited from the Trump tax cuts. They also spoke about the reopening trade and COVID vaccinations, including the scrutiny AstraZeneca is facing . The chip shortage also in the spotlight: Production of Apple's MacBook and iPad reportedly delayed due to a supply crunch. The anchors also reacted to what the CEO of Applied Materials told Jim about what the chip equipment maker can do to alleviate the semiconductor shortage. Cramer made some eye-opening comments about Carnival and the cruise industry's battle with the CDC over resuming sailings. Also in focus: Tech shares rally, Palantir Chairman Peter Thiel calls Bitcoin a "Chinese financial weapon", and shares of cloud computing company Box slide after announcing a $500 million investment from funds run by private-equity firm KKR -- and that Aaron Levie will step down as chairman in May but remain CEO. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with a closer look at JPMorgan Chase CEO Jamie Dimon's annual letter to shareholders, in which he says an economic boom fueled by deficit spending and vaccinations could "easily run into 2023." They also discussed Amazon CEO Jeff Bezos' statement in which he expresses support for a corporate tax hike and the White House's "focus on making bold investments in American infrastructure", though he stops short of supporting President Biden's plan for a rise in the corporate tax rate. Speaking of the president, the anchors reacted to him telling the press he has yet to meet with Fed Chair Powell since taking office -- a departure from the Trump Administration's approach to dealing with the Fed. In an exclusive interview, Exxon Mobil CEO Darren Woods joined the program to discuss his company's ESG strategy and sweeping plans to commercialize low-emission technologies. Also in focus: Why Cramer says he wishes he could tell people who have never traded or invested before "how stupid the market is." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

One day after a rally which resulted in new record highs for the Dow and S&P 500, Carl Quintanilla, Jim Cramer and David Faber discussed the reopening trade amid the jump in COVID vaccinations and stronger demand for air travel: What it all means for the recovery and the markets. The anchors also reacted to what the CEO of Norwegian Cruise Line told Jim about urging the CDC to allow the company to "get back to cruising." The next chapter of the Archegos hedge fund scandal also in the spotlight: Credit Suisse taking a charge of $4.7 billion and shaking up its executive ranks in wake of the Archegos meltdown – plus Carl, Jim and David react to Goldman Sachs CEO David Solomon telling CNBC the he is pleased about the way his team handled the risk related to Archegos. On the big tech front, the anchors discussed Morgan Stanley analyst Katy Huberty raising Apple's services forecast. Also in focus: Senate Minority Leader Mitch McConnell's warning to CEOs to "Stay out of politics" as several companies criticize Georgia's new voting law. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed the major indices rallying in their first session following the blowout March jobs report, which was released when the markets were closed for Good Friday. Helping the Dow and S&P hit fresh record highs: The reopening trade -- shares of cruise operators, airlines, AMC Entertainment and others leading the way in wake of the ramp-up in COVID vaccinations. The anchors also reacted to news that Treasury Secretary Yellen is expected to call for a global minimum corporate tax. They also explored whether the tech unwind rotation is coming to an end. Tesla getting a boost after its Friday release of record deliveries for Q1. With certain electric vehicle stocks and SPACs getting hammered recently, Jim weighs in on how individual investors can avoid getting burned in this market. GameStop slumps after announcing plans to sell up to 3.5 million shares in an "at-the-market" offering: Is the stock the "ultimate crypto play?” David outlines the latest developments surrounding the Archegos margin call fallout. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the first trading day of the second quarter, Carl Quintanilla and Jim Cramer discussed the S&P 500 surpassing the 4,000 mark for the first time. The move comes one day after President Biden outlined his $2T infrastructure plan, which includes point-of-sale rebates when buying a new electric vehicle and funding for 500,000 EV charging stations. The anchors explored what such a development could mean for automakers and EV SPACs, and reacted to what President Biden said about hiking corporate taxes to pay for the plan -- plus Commerce Secretary Gina Raimondo's comments to Jim explaining why the package is about competing with China. Semiconductors also part of the infrastructure/China discussion as well, inculding Micron's better-than-expected quarterly results. On the COVID front: Pfizer and BioNTech out with new data showing 91% efficacy for its vaccine after six months, adding it is effective against the South African variant -- and Johnson & Johnson announcing a batch of its of its covid-19 vaccine produced at an Emergent Biosciences factory in Baltimore did not meet quality standards and will not be distributed. AMC Entertainment Chairman & CEO Adam Aron spoke exclusively with Jim and Carl, discussing the movie theater chain's reopening plans. Aron also announced that AMC is asking shareholders to approve a 500 million share offering. Also in focus – CEOs speak out: Highlights from Wednesday night’s CNBC special “Race and Opportunity In America.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer led off the show with news out of Pfizer: The drugmaker says its study shows COVID-19 vaccine was 100% effective in preventing Covid-19 in children ages 12 to 15. The anchors went on to discuss how the U.S. is leading the charge on vaccinations. They also highlighted reopening-related stories: Wells Fargo says as of September 6 it sees a more normal return to work, while on the commercial real estate front JPMorgan Chase, Salesforce and PriceWaterhouseCoopers are among the companies looking to unload major blocks of office space. Ahead of President Biden's remarks making the case for his $2T infrastructure plan, Carl and Jim discussed which stocks are most likely to benefit from passage of such a bill. Merck CEO Ken Frazier, former American Express CEO Ken Chenault and dozens of the nation's Black business leaders are calling on all of corporate America to publicly and directly oppose new laws that would restrict the rights of Black voters -- and use their clout, money and lobbyists to sway the debate with lawmakers. The anchors reacted to what Frazier and Chenault told CNBC about the initiative. In a statement, Delta CEO Ed Bastian criticized Georgia's new election law, calling it "unacceptable" and that it would make it harder for Blacks in the state to vote. Also in focus: Wrapping up the first quarter and what to expect from stocks in the second quarter, plus earnings movers: Lululemon and Chewy moving in opposite directions. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The morning after the Dow hit a fresh record high, Carl Quintanilla and Jim Cramer kicked off the show with a closer look at the market continuing to weigh the fallout from the Archegos margin call: Shares of Nomura and Credit Suisse extend their losses, shares of ViacomCBS, Discovery and Baidu continue to rebound and Jim gives a thumbs up to JPMorgan Chase's risk controls. The anchors also reacted to Archegos' statement, in which the firm cites what it calls a "challenging time." The 10-year note yield rises to a 14-month high, putting inflation in focus as the White House pushes ahead with plans for an infrastructure bill. Carl and Jim also discussed the spike in home prices and what it means for Home Depot, Lowe's and the homebuilders. They explored other names that could benefit from a recovery and reacted to CDC Director Dr. Rochelle Walensky's warning that the U.S. is headed for "impending doom" as COVID cases rise again. Also in focus: Apple shares under pressure after its top supplier Foxconn cautioned that a "materials shortage" could hit its supply chain in the comping months, Spotify says it has acquired the creator of the "Locker Room" live audio sports chat app and plans to expand it to offer a range of sports, music and cultural programming, and Cathie Wood's latest move: Ark Invest's space and exploration ETF makes its trading debut. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer kicked off the show by discussing volatility weighing on the markets as shares of Nomura and Credit Suisse tumble -- both companies warning of significant hits to their first quarter results after exiting positions with a large U.S. hedge fund that defaulted on margin calls last week. Goldman Sachs and Morgan Stanley also saw their respective shares take a hit. The recent plunge in shares of ViacomCBS and Discovery also in the spotlight: A source told CNBC the selling pressure in certain media stocks and Chinese ADRs was due to the forced liquidation of positions held by Archegos Capital. David Faber called in to the program to discuss the margin call fallout, the lack of transparency and how this is going to bring great scrutiny to the swap market. Also in focus: The massive cargo ship stuck in the Suez Canal has been freed, Southwest Airlines announcing 100 firm orders for the Boeing 737 Max while taking an option on 155 additional jets, Goldman revising its Q2 GDP forecast, the reopening trade and whether Lululemon should be included in the mix, and upbeat Wall Street calls on internet stocks such as Facebook and Twitter. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The “Squawk on the Street” team discusses stocks edging higher, in the green to close out the week. Focusing on the retail investor as GameStop shakes off a slump and soars to snap a recent slide. China vs. Nike and H&M day 2. The world’s biggest seller of fast fashion, H&M, effectively ceasing to exist in China after it was wiped off of apps in China. Backlash continuing from Chinese consumers over the company’s decision to stop sourcing from China’s Xinjian region. Plus, still breached. The stranded mega-container vessel, Ever Given stuck in the Suez Canal, holding up an estimated $400 million an hour in trade, according to estimates. WeWork agreeing to a SPAC deal with BowX Acquisition, that would take the startup public in a deal worth $9 billion including debt. WeWork was once valued at $47 billion. Watching bank stocks, after the Federal Reserve announced plans to lift restrictions on bank dividends and stock buybacks. And an interview with the U.S. Transportation Secretary, Pete Buttigieg. Hear what the Secretary had to say about the future of infrastructure spending and much more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer discuss the stocks making the biggest moves of the morning. Shares of ViacomCBS falling again this morning after closing down 23% the previous day. Investors are continuing to react to a new stock sale and questioning the ability of the company to execute successfully on its streaming strategy. ViacomCBS also getting a downgrade over at MoffettNathanson. Plus, a possible spac-down is coming. Reports that the SEC is opening an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved. Shares of Nike falling, the target of criticism on Chinese social media for a statement in which the company said it was “concerned” about reports of forced labor in Xinjiang. Nike also saying it doesn’t source products from the region. Plus, big tech CEOs facing questions before a House panel over online disinformation. The CEOs of Facebook, Twitter and Alphabet all set to testify. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer get straight to the big movers of the morning. Shares of Intel higher after the company announced it’s spending $20 billion to build two major chip plants in Arizona. The company’s new CEO, Pat Gelsinger, saying “Intel is back. The old Intel is now the new Intel.” Gelsinger also announcing a shift in strategy, a new division called Intel Foundry Services that taps into one of the biggest trends in the world of semis. Plus, shares of GameStop getting pummeled after reporting results, missing analyst expectations. The company didn’t address the Reddit-fueled trading frenzy on its call, and skipped Q&A all together. The CEO of Adobe, Shantanu Narayen, joining David and Jim exclusively to discuss the company’s latest quarter, NFTs and a lot more. Plus, testimony released from Tech CEOs Dorsey, Zuckerberg, and Pichai ahead of tomorrow’s hearing on social media misinformation. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer discuss the slump in stocks on the one-year bull market anniversary. Treasury yields ebbing lower following prepared remarks from Federal Reserve Chairman Powell for a congressional hearing this afternoon. Powell warning, “The recovery has progressed more quickly than generally expected and looks to be strengthening. But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes.” AstraZeneca falling in a rare statement released just hours after the company announced positive results from its late-stage U.S. trials, an independent monitoring board told U.S. health officials that the drug maker may have given incomplete efficacy data from its COVID-19 vaccine trial. A junior banker survey goes viral at Goldman Sachs, CEO David Solomon addressed the complaints. Plus, Citigroup’s new CEO Jane Fraser barring internal video calls on Fridays and encouraging vacations in a big effort to combat work from home malaise. David and Jim dig through the big movers of the morning. ViacomCBS shares getting slammed after the company said it will raise $3 billion from stock offerings, following a recent runup in its stock price. The media company will sell $2 billion in class B common shares and $1 billion in mandatory convertible preferred shares. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and David Faber discuss the tech bounceback – leading the Nasdaq and S&P 500 higher amid falling Treasury Yields. Shares of Apple, Facebook & Microsoft all gaining more than 1% in morning trading. Plus shares of Tesla rallying more than 4% as Cathie Wood’s Ark Invest puts out a new price target on the stock which calls for it to quadruple in four years. And Morgan Brennan joins for First On CNBC interview with Canadian Pacific Railway CEO Keith Creel, the company acquiring Kansas City Southern, in a deal which would create the first U.S.-Mexico-Canada rail network. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show reacting to breaking news that sent financial stocks lower and bond yields higher: The Fed announced it will not renew pandemic-era capital relief for banks. Jim says interest rates need to stabilize to end the slide for big tech stocks such as Microsoft. This as more Wall Street firms weigh in on whether the 10-year note yield will surpass two percent by the end of the year. Earnings news also in the spotlight: FedEx up sharply after beating estimates, while Nike shares take a hit as shipping delays impact its results. The anchors also took a look at the NFL's new eleven-year media agreement which includes Amazon getting exclusive rights to stream Thursday night football games. Also in focus: Tense talks between the U.S. and China, Barclays upgrades Ford to “overweight” citing the automaker’s electric vehicle strategy, The one-year rebound and rally in cruise stocks and what it would take for the cruise lines to ramp up trips as vaccinations accelerate, SPACs getting hurt, Chubb's unsolicited bid to acquire insurance rival Hartford Financial, and a survey that shows Goldman Sachs junior investment bankers are suffering burnout. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Morning after the Dow surpassed 33,000 for the first time, Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at the rising 10-year note yield as inflation fears extend losses in the tech sector. Jim explains why Microsoft, Apple and Amazon are among the big tech names experiencing "stages of grief" -- and how money is rotating into names such as Caterpillar. The anchors reacted to Fed Chair Jerome Powell's comments from yesterday on inflation and supply bottlenecks -- he said "one-time increases in prices are likely to have only transient effects on inflation." They looked at what rising energy prices could mean for companies such as 3M. Also in focus: Lyft announcing year-over-year growth in ridesharing volume, AMC Theatres ramping up reopenings in the U.S. and what AT&T CEO John Stankey told David about the theatrical window compared to three years ago, winners and losers in retail including an earnings miss for Dollar General, and Citi's upbeat note about Intel and its new CEO Pat Gelsinger. An extra: How Powell, Ben Bernanke and Janet Yellen are being used to give "Rickrolling" a whole new meaning. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the program with a look at the linkage between a slump in tech stocks and a rise in bond yields, plus the economic boom versus supply shortages and the resulting inflation. A big question the anchors explored: What will Fed Chair Jerome Powell say about inflation and rising rates at his news conference -- and after the central bank releases its policy statement? Jim also took a deep dive into why younger investors don't take bond yields into account while buying stocks. Amazon announcing it will be rolling out its "Amazon Care" telehealth service in all 50 states this summer for its own workers -- and for other employers. Electric vehicles also in the spotlight: The anchors reacted to what Lucid Motors CEO Peter Rawlinson told Jim about how the company stands to benefit from its SPAC deal -- and how Lucid welcomes competition from the likes of Apple. Also in focus: What's next for the airline sector as discount carrier Sun Country goes public, BofA’s eye-opening note on Bitcoin, Uber granting drivers in the UK worker status, and why shares of Plug Power have recently slumped after soaring more than 1000% over the past twelve months. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber took a closer look at the reopening trade including airline and cruise stocks on a day in which the S&P 500 hit a new all-time intraday high. They also discussed Evercore ISI raising its price target on Apple to a street-high $175 per share. SPACs and electric vehicle maker Lucid motors also in focus, including David's encounter with the company's CEO. In an exclusive, David interviewed the chairman of Oxycontin maker Purdue Pharma about the company's bankruptcy reorganization plan and multi-billion dollar opioid settlement. The anchors looked back at the COVID-fueled market crash which occurred one year ago on March 16, 2020. On that date the Dow plunged by almost 3,000 points -- with the S&P 500 and Nasdaq each tumbling by twelve percent. You'll hear what Jim Cramer said on that date about the crash. Also in focus: What United Airlines CEO Scott Kirby told CNBC about the travel outlook as COVID vaccinations ramp up, Moderna's COVID vaccine trials involving children, AstraZeneca facing challenges as multiple European countries suspend use of its vaccine on blood clot concerns, and what AMD CEO Lisa Su told Jim about meeting demand in wake of the chip shortage. Hosted by Simplecast, an AdsWizz company. See https://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 market week with the Dow, S&P 500 and Russell 2000 heading into the trading session at record highs. The anchors discussed sector rotation in the markets as investors try to position themselves for a recovery, SPACs coming off a positive week, plus an upbeat morning for airline stocks: The Transportation Safety Administration said airport screening levels are now at one-year highs. Separately, Southwest said passenger demand is continuing to improve this month. Tesla also in the spotlight after its regulatory filing noting that "the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively..." and that they will maintain their respective positions as CEO and CFO. David revisited last week's interviews with the CEOs of Verizon, AT&T and T-Mobile about the record-breaking 5G auction. Also in focus: Eli Lilly shares tumbling on news regarding its Alzheimer's drug, European countries suspending the use of AstraZeneca's COVID-19 vaccine, President Biden reportedly planning the first major federal tax hike since 1993, Treasury Secretary Yellen's comments on calls for a wealth tax, and Jim Cramer's "Mad Money" celebrates its 16th anniversary. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Mike Santoli led off the show with a look at what's next for stocks one day after the Dow and S&P 500 hit new record highs. Tech stocks erasing many of the gains from Thursday's rally as bond yields rise. Will the surge in yields be short-lived? The anchors also discussed the markets pricing in the acceleration of growth. How much of an economic rebound will we see as millions more become fully vaccinated? President Biden announced he is directing states to make all adults eligible to receive a COVID-19 vaccine by May 1. Carl, David and Mike also explored Tesla facing heightened competition as more companies enter the electric vehicle space. David had an exclusive interview with AT&T CEO John Stankey. They discussed the company's "Investor Day," AT&T's more than $27-billion investment in C-Band spectrum licenses and the road ahead for its HBO Max streaming service. Also in focus: This year's bank stocks rally, comments from Goldman Sachs CEO David Solomon on work-from-home versus returning to the office, a Citi Apple analyst's note on the Apple Car, plus another IPO coming to market - The CEO of residential and commercial pool manufacturer Hayward Holdings appeared on the program to discuss his company's public debut. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the first anniversary of the World Health Organization declaring the COVID-19 outbreak a pandemic, Carl Quintanilla, David Faber and Mike Santoli took an in-depth look at another record day for the Dow, plus a rally for the Nasdaq as yields stabilize one day after the House passed the $1.9-trillion COVID relief package -- and Pfizer and BioNTech said data from Israel suggests that their COVID-19 vaccine is 94% effective in preventing asymptomatic infections. The anchors reacted to what Pfizer CEO Albert Bourla told CNBC about the importance of getting the first vaccine available. They also discussed Dr. Anthony Fauci's recollection of the first time he received groundbreaking news about Pfizer's vaccine "in his own words." Verizon CEO Hans Vestberg also joined the program the morning after his company's investor meeting to discuss 5G, the streaming landscape and why Verizon spent $53-billion on C-Band spectrum. Also in focus: Roblox's second day of trading on Wall Street and what's pressuring shares of General Electric. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Leslie Picker discuss the big move for stocks, as the Dow sets a new intraday record high. Data out Wednesday morning showing tame inflation, easing worries about rising prices that have jolted yields. Plus, GE merging its aircraft leasing unit with rival AerCap in a $30 billion deal. David speaks with GE CEO, Larry Culp on the deal and much more. A report out of Japan’s Nikkei says Apple is going to be cutting its iPhone production orders for the first half this year by 20%, focusing in on the iPhone Mini. Roblox preparing to go public on the New York Stock Exchange through a direct listing. The exchange setting a reference price for the video game platform at $45 per share. “Meme stocks” moving higher, Gamestop, AMC and Koss all surging. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The “Squawk on the Street” team discusses the big swing higher for stocks. Big moves for the tech-heavy Nasdaq, as giants Apple, Amazon, Microsoft, Netflix and Alphabet all gain at lease 2%. Tesla popping, after falling for 5 straight sessions and losing 21% over that span. And the airlines extending their rally in hopes of a big post-pandemic rebound. The “Squawk on the Street” team speaks with a top Cowen analyst about the road ahead for the airlines, travel and more. Tanger Outlets hammered after Goldman Sachs downgraded the stock to sell from neutral. More positive news on the vaccine front. The Pfizer – BioNTech vaccine appears to be highly effective against a more contagious variant of the virus first discovered in Brazil. Plus, a close look at bank stocks which have rallied big since their pandemic low back in March of Last Year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The “Squawk on the Street” team discusses the mixed market. The Dow changing course after bullish comments from hedge fund manager David Tepper. Tepper writing in to CNBC that a, “combination of stimulus and low Japanese bond yields positive for U.S. stocks.” That “selling of U.S. Treasury’s is likely over” and “stocks like Amazon look attractive.” The Senate passing that $1.9 trillion dollar Covid relief bill. President Biden says people will start getting stimulus checks this month. Oil in focus again, as Brent crude breaks $70 after Saudi Arabia’s oil facilities were attacked by Yemen’s Houthis. Plus, a busy morning for deals, David digs through the big movers. General Electric nearing a $30 billion deal to merge its aircraft leasing business with AerCap Holdings. Apollo Global gains following news that it will merge with Athene Holding in an all-stock transaction valuing Athene at about $11 billion. And McAfee, surging on news it sold its enterprise business to privately held Symphony Technology Group for $4 billion in cash. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discuss the massive swings in the market. High-flying tech names taking a hit. Stocks swinging between gains and losses after a stronger-than-expected jobs report. The labor department reporting that nonfarm payrolls jumped by 379,000 for February and the unemployment rate fell to 6.2%. David Faber’s SPAC wrap for the week. He takes a look at the SPAC boom and if we may be nearing a bubble. CoStar dropping its bid to buy real estate data company CoreLogic, saying rising interest rates will hurt CoreLogic’s value. Plus, Carl, Jim and David dig through the big movers of the morning from Gap to Western Digital. And, reaction from the administration on today’s jobs report. National Economic Council Director, Brian Deese, joining Carl, Jim and David to discuss the jobs report and the 2021 economic outlook. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discuss the swing for stocks. Markets bouncing between gains and losses as investors digest a better-than-expected read on weekly jobless claims. The “Squawk on the Street” gang discusses the big movers of the morning including shares of GE gaining after Morgan Stanley raised its price target on the stock to a Street-high of $17 per share. Rocket Companies shares moving between gains and losses, following wide swings the past few days. The stock fell 33% yesterday after jumping 71% the day prior. An ETF honing in on the Reddit mania, ‘Buzz’ ETF, which tracks social media sentiment, launches. Plus, Carl, Jim and David discuss the future of streaming rights after reports that Amazon is in talks with the National Football League to carry a significant number of games exclusively on its Prime video service. The deal could see Amazon pay $1 billion for exclusive rights to most Thursday games. Plus, Square announces it’s acquiring a majority stake in Jay-Z’s streaming service tidal in a $297 million deal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber breakdown the mixed morning for markets. Reddit traders honing in on their next pick, Rocket. That stock more than doubling over the past 3 sessions, but falling this morning over 10%. Plus, a vaccine boom in the U.S. President Biden announcing the U.S. will have enough vaccines for 300 million adults by the end of May, two months sooner than previously promised. Big business is betting on ESG, as FedEx commits to carbon-neutral operations by 2024 and ExxonMobil kicks off investor day focusing on its newly created business, ExxonMobil Low Carbon Solutions. Oscar Health getting ready to debut on the NYSE, after pricing above the already-raised range. Carl, Jim and David discuss breaking news, as Apollo Global announces it’s buying crafts retailer Michaels in a $5 billion deal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discuss the pause in stocks, after a mega market rally where the S&P 500 notched its best day since June. More developments on vaccine distribution. Reports that President Biden is set to announce the administration-brokered a ‘historic partnership’ between Merck and J&J. Merck will be dedicating two facilities in the U.S. to the vaccine effort, which could potentially double the supply compared with what J&J would be able to achieve on its own. Plus, the “Squawk on the Street” gang discussing the big movers of the morning. Zoom shares surging after the company beat expectations and issued strong guidance. Target reporting results that beat on both the top and bottom lines. Comparable store sales jumped 20%, while digital sales more than doubled. It’s SPAC-mentum. A new note out of Goldman Sachs digs through the eye popping number of SPACs and how much they have raised. Goldman’s David Kostin writing, “if the current pace of issuance persists, 2021 will surpass the 2020 full-year total before the end of March.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the first trading day of March, Carl Quintanilla, Jim Cramer and David Faber took an in-depth look at a big stock market rally to begin the month as bond yields pulled back. Johnson & Johnson also in the spotlight as the company began shipping its one-shot COVID-19 vaccine, which received regulatory approval for emergency use in the U.S. The anchors reacted to what J&J Chairman & CEO Alex Gorsky had to say about how many doses could be delivered in the U.S. by June. ExxonMobil shares rise on news that David broke: Activist investor Jeffrey Ubben and Atairos CEO Michael Angelakis have joined the oil giant's Board of Directors. Also in focus: Warren Buffett admits to a "mistake" in his annual letter to Berkshire Hathaway shareholders, and Jane Fraser takes over as CEO of Citigroup -- becoming the first woman to run a major U.S. bank. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the final trading day of February, Carl Quintanilla, Jim Cramer and David Faber explored what to expect from stocks after Thursday's sell-off was sparked by concerns about higher yields. They also dug deep into earnings news from the likes of Salesforce and Airbnb and reacted to what the CEOs of both companies told CNBC. Johnson & Johnson's one-shot COVID-19 vaccine also in focus as a key FDA panel meets on whether to recommend it for earlier use. The anchors also weighed in on what Pfizer CEO Albert Bourla told NBC News' Lester Holt about how long it might take to tweak its vaccine to account for COVID variants. The GameStop saga rolls on: The stock continuing its surge for the week as it caps a rough February during the Reddit-fueled trading frenzy. HP CEO Enrique Lores joined the program to discuss his company's strong quarterly results and upbeat guidance -- as sales of laptops jump in wake of pandemic-driven work-from-home trends. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with an in-depth look at the GameStop frenzy -- the stock surging after it doubled late in Wednesday's trading session. Reddit-fueled stocks such as AMC Entertainment also jump. The anchors get into what investors should make of the wild ride -- as well as an ice cream cone tweet by major GameStop shareholder Ryan Cohen. They also discussed Twitter's long-term guidance which gave the stock a boost, Nvidia's quarterly results and the chip supply shortage, and ViacomCBS' streaming strategy for "Paramount+". Shake Shack Founder and Union Square Hospitality Group CEO Danny Meyer joined the program to talk about taking USHG's SPAC public. Also in focus: A double dose of news involving Pfizer's COVID-19 vaccine. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed fund manager Cathie Wood buying into Tesla's recent sell-off – news that sent the stock higher – and that her fund also experienced major outflows. The anchors dig deep into her investment strategy. They also reacted to the clash between Barstool Sports CEO Dave Portnoy and Robinhood CEO Vlad Tenev over the GameStop saga. Johnson & Johnson in the spotlight after FDA staff found the company's one-dose COVID-19 vaccine to be safe and effective, putting it one step closer to receiving approval for emergency use. Marriott International's new CEO Tony Capuano joined the program to discuss the future for his company and the travel industry amid the pandemic as COVID vaccinations increase. Also in focus: Square’s $170-million Bitcoin purchase, plus what to expect from a White House meeting on the global chip shortage. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed big M&A news: Electric vehicle maker Lucid Motors confirmed it is going public via a merger with Churchill Capital IV -- a SPAC deal that will bring about $4.5-billion in cash to the company's balance sheet. Lucid Motors CEO Peter Rawlinson appeared on the program to discuss the deal as well as his views on Lucid's competition including Tesla. This as shares of Tesla extended Monday's losses and participated in another day of steep selling in the tech sector. The anchors also looked ahead to Fed Chair Powell's Capitol Hill testimony on the economy as well as the potential effect of the COVID vaccination rollout on stocks. Also in focus: Bitcoin falling further below the $50,000 mark, earnings from Home Depot and Macy's, plus an interview with Medtronic CEO Geoffrey Martha on the company's quarterly results and where the pandemic fits into the picture. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed Boeing shares down sharply after an engine failure on one of United Airlines' Boeing 777 jets, resulting in the FAA ordering inspections of some of the jets and United grounding a number of them. The anchors also explored the rotation into value and what passage of a $1.9-trillion COVID relief package could mean for certain stocks. David interviewed former General Electric CEO Jeff Immelt, who discussed his tenure as head of GE -- a period in which the stock tumbled significantly. Also in focus: Bitcoin pulls back from all-time highs after Elon Musk tweeted that prices for the cryptocurrency "seem high". Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The “Squawk on the Street” team discusses what can be expected during the GameStop hearing today on Capitol Hill. The House Financial Services Committee is convening at noon to hear from the major players of the story. Set to testify this afternoon, Robinhood CEO Vlad Tenev, Melvin Capital CEO Gabriel Plotkin, Reddit CEO and co-founder Steve Huffman, Citadel CEO Kenneth Griffin and Keith Gill, also known as Roaring Kitty. Plus, keeping a close eye on the deep freeze in Texas that’s going on day 6. The weather has shut about one-fifth of the nation’s refining capacity and closed oil and nat gas production across the state. Oil prices are continuing to rise on fears the freeze could continue for some time. Shares of Walmart falling on an earnings miss. The retailer saying it sees sales growth slowing in the year ahead. A bright side for the big-box retailer? Its e-commerce sales in the U.S. grew by 69% and same-store sales in the U.S. grew by nearly 9%. New thoughts on the South African virus variant that’s continuing to spread. A lab study suggests that the variant may reduce antibody protection from the Pfizer/BioNTech vaccine by two-thirds, and it’s not clear if the shot will be effective against the mutation, the companies said Wednesday. Plus, the “Squawk on the Street” team is joined by the CEO of Analog Devices on the chip supply chain and his company’s results. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The “Squawk on the Street” team discusses the market rally, as stocks continue to build on strong February gains. Energy prices jumping as severe weather hits the south. More than 4 million people were without power in Texas as of Tuesday morning, according to poweroutage.u.s. Plus, the bitcoin craze continues, the cryptocurrency crossing $50,000 for the first time ever. The “Squawk on the Street” team digs through some of the big movers of the morning from CVS to Palantir. Plus, David reports on CoStar making a new competing bid for CoreLogic at $95.76 a share. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl, Jim and David breakdown the big movers of the morning. Disney delights investors after reporting a big boost in streaming subscribers. Theme park attendance slumped, but was expected due to COVID. Disney CEO Bob Chapek addressed the future of theme parks saying vaccines could be a quote “game changer.” Plus, the crypto craze. Carl, Jim and David discuss why PayPal’s CEO, Dan Schulman told Jim he’s unlikely to invest in cryptocurrencies. Plus, the “Squawk on the Street” gang discuss the EVs outlook, as Morgan Stanley’s Adam Jonas initiates overweight coverage on QuantumScape & Fisker. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed the volatility in cannabis stocks one day after they soared as part of the Reddit trading frenzy. They also took a closer look at Bitcoin's record high and payments stocks after Mastercard announced it is preparing to support cryptocurrencies directly on its network this year. Bumble's IPO also in the spotlight: What to expect from the dating service's public debut. Also in focus: Another record high for the Dow, Uber's quarterly results, the latest on SPACs, and the COVID vaccine rollout: Jim talks about receiving a second shot. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed the stock market setting new record highs one day after the Dow and S&P 500 snapped six-session win streaks. Earnings from the likes of Twitter and Coca-Cola contributed to positive sentiment. In an exclusive, Cisco Chairman & CEO Chuck Robbins joined the program to talk about his company's quarterly results that weighed on the stock -- and where work-from-home trends fit into Cisco's future. Also in focus: Cannabis shares soaring due to the Reddit-fueled frenzy, plus the latest companies to go public via SPAC deals, and new developments involving the potential sale of TikTok. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed what's next for stocks with the major indices at record levels -- including reaction to a note out of Citi in which analysts say the short squeeze is seen lifting the S&P 500 further. They also took a closer look at oil prices at 13-month highs, and followed up on the volatility in shares of GameStop and where videogame publishers such as Take-Two Interactive and Electronic Arts fit into the picture. On the COVID front, the vaccine rollout continues as New York Governor Cuomo announces New York City restaurants can resume indoor dining on Friday. Also in focus: General Motors extending production cuts because of a chip shortage, plus SPAC deals and what CEOs of electric vehicle makers are saying about the future for their industry. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed another record-setting day for stocks: The Dow, S&P 500 and Nasdaq hitting all-time intraday highs. The Reddit-fueled frenzy and market volatility remain in the spotlight after GameStop shares plummeted last week. Yields rise on optimism surrounding the $1.9-trillion COVID relief package, as well as the vaccination rollout. Also in focus: Tesla disclosing in an SEC Filing that it has bought $1.5-billion worth of Bitcoin, new developments regarding SPAC deals, plus reaction to Super Bowl television ads from the likes of General Motors and Reddit. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On a record-setting day for the S&P 500 and the Nasdaq, Carl Quintanilla, Jim Cramer and David Faber discussed market volatility and the Reddit-fueled trading frenzy, with GameStop soaring and recouping some of its steep losses for the week. They also reacted to the January jobs report and explored how soon COVID vaccinations could spur an economic recovery. This as Johnson & Johnson requests emergency use authorization from the FDA for its one-dose vaccine. Council of Economic Advisers member Jared Bernstein joined the program with White House reaction to the jobs data -- outlining the case for passing President Biden's $1.9-trillion COVID relief package. The CEO of luxury electric vehicle startup Lucid Motors also appeared on the show to talk about his company's prospects amid heightened competition -- with Apple as a potential rival. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with a story broken by CNBC's Phil LeBeau: Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle. The anchors also discussed the legacy of Merck's Ken Frazier, who is stepping down as CEO after a decade on the job. Frazier will take on the role of executive chairman. The Reddit-fueled frenzy remains on Wall Street's radar: What to expect from Treasury Secretary Yellen's meeting with top financial regulators about the volatility driven by retail trading in GameStop, AMC Entertainment and other stocks. Also in focus: eBay's better-than-expected results and outlook, plus a SPAC backed by Sir Richard Branson taking 23andMe public in a $3.5-billion deal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber took an in-depth look at the future for Amazon after Jeff Bezos announced he is stepping down as CEO of the company. Amazon Web Services chief Andy Jassy has been chosen to succeed him in the top job. Bezos will become executive chairman. Carl, Jim and David also discussed blowout earnings from Amazon and Google parent Alphabet. GameStop and the Reddit-fueled frenzy remain in the spotlight: Treasury Secretary Yellen plans to meet with top financial regulators this week, and the anchors reacted to what the CEO of Reddit told Kara Swisher during a New York Times podcast. Also in focus: More earnings winners and losers -- plus M&A news, with Jazz Pharmaceuticals agreeing to buy GW Pharma for $7.2-billion in cash and stock. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with latest chapter in the Reddit-fueled market frenzy: GameStop shares plummeting for a second straight day after tumbling more than 30-percent on Monday. AMC Entertainment and the silver trade also taking a hit. Uber has agreed to buy alcohol delivery app Drizly in a stock and cash deal valued at $1.1-billion. The CEOs of both companies appeared on the program exclusively to discuss their deal. Also in focus: Major averages rally after the S&P 500's best one-day performance since November, Pfizer, Exxon Mobil and UPS lead the earnings parade, what to expect from Amazon and Alphabet's quarterly results, and SPAC deals continuing to gain momentum. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the first show of February with the latest on GameStop’s wild ride and the short squeeze sparked by Reddit users, who are now fueling a rally in silver, silver stocks and ETFs. This comes as Robinhood continues trading limits and cuts down its list of restricted stocks. The anchors reacted to Goldman Sachs comparing this short squeeze to those over the past 25 years, as well as Senator Elizabeth Warren saying the GameStop frenzy shows that Wall Street is “a rigged game." Also in focus: What to expect from stocks this month -- plus new SPAC deals, including Tilman Fertitta taking Landry's and Golden Nugget public. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Morgan Brennan kicked off the program by delving into the Reddit user rally: The wild ride continues as shares of GameStop, AMC Entertainment and other names soar after Robinhood lifted some trading restrictions following a backlash from users. The anchors also reacted to comments Robinhood CEO Vlad Tenev made to CNBC, as well as a statement from the SEC saying it is reviewing the recent trading volatility that has led to the meteoric rise of various stocks. Jim Cramer called into the program to offer his perspective on the GameStop frenzy. Also in focus: Earnings and market movers as January comes to a close. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Jon Fortt took an in-depth look at the Reddit effect that's fueling the surge in stocks such as GameStop and squeezing institutional short sellers. Shares of American Airlines joining the wild ride after the carrier posted a quarterly loss. The anchors reacted to what Reddit Co-Founder Alexis Ohanian told CNBC about the frenzy. Robinhood and Interactive Brokers each announcing a restriction in trading of GameStop and other volatile stocks. Earnings from Apple, Facebook and Tesla also in focus. The CEOs of Southwest Airlines and ServiceNow joined the program to discuss their companies' quarterly results and where the pandemic fits into the picture. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.