Squawk on the Street

Torsten Slock, Chief Economist at Apollo Global Management, dives into the surprising economic tailwinds boosting growth into 2026, thanks to lower oil prices and easing trade tensions. He highlights the risks of AI concentration in markets and discusses Japan's unique currency dynamics and capital flows from U.S. Treasuries. Slock also examines the Fed's cautious approach to rate cuts amid persistent inflation. The conversation is packed with insights on market movers and the potential impact on investors.

David Faber, a CNBC journalist known for breaking significant tech stories, joins to discuss recent market movements. He elaborates on Nvidia's groundbreaking $20 billion deal to acquire Grok's assets, highlighting its implications for the chip industry. The conversation also dives into record highs in major metals, driven by strong demand, and the potential for a Santa Claus rally in the stock market. With insights on Tesla’s future from a former board member and an outlook for key retail players like Nike and Lululemon, the discussion is dynamite for investors.

Jeremy Siegel, renowned Wharton School professor and WisdomTree chief economist, provides insights on recent jobless claims and potential market risks. Mark Zandi, chief economist at Moody's Analytics, discusses the fragility of growth despite low layoffs and critiques inflation metrics. John Flavin, CEO of Portal Innovations, shares his take on the recent Sanofi-Dynavax deal and predicts a robust year for pharma M&A in 2026, highlighting investment themes like AI's impact on drug discovery and therapeutic advancements.

Bill Nygren, a long-time value investor and portfolio manager at Oakmark Funds, discusses the current market landscape, highlighting his views on Warner Bros. Discovery and financial sector opportunities. Retail expert Jan Kniffen shares insights on holiday shopping trends, emphasizing consumer behavior, inventory challenges, and promotional strategies. Together, they explore hopes for a Santa Claus rally, while Nygren also touches on appealing investments in energy and banks as the market approaches the year's end.

Jim Cramer asserts that Nvidia's recent decline makes no sense, emphasizing the need to analyze stocks based on their fundamentals. He also points out the vulnerabilities of Amazon while praising Alphabet for its impressive performance. Join Cramer and Jeff Marks for a deeper dive into the market's major narratives and explore exclusive insights as members of the CNBC Investing Club!

Annika Constantino, a CNBC reporter covering health news, reveals insights from her interview with Novo Nordisk's CEO about the FDA's groundbreaking approval of the first oral GLP-1 weight-loss pill. Lord Jim O'Neill shares a keen outlook on global markets, discussing China’s stimulus efforts and trends among BRICS nations. John Lavallo from UBS explores significant potential U.S. housing reforms, their potential impact on affordability, and builders' margins, suggesting innovative policies to tackle housing challenges.

Bill McDermott, CEO of ServiceNow, chats about his company's bold $7.75 billion acquisition of cybersecurity firm Armis. He highlights how this move enhances visibility across IT and IoT, bolstering ServiceNow's growth. The conversation also dives into the implications of the latest FDA approval for Novo Nordisk's Wegovy pill, and how it's reshaping the obesity treatment landscape. McDermott further discusses industry headwinds and the importance of partnerships with tech giants like Microsoft and Google.

Jim Cramer discusses the current buzz around semiconductors and holiday deals. He raises concerns about the hype surrounding OpenAI's rapid valuation increases. Cramer highlights Oracle's stock rise but advises against chasing after it. He also compares the infrastructures of ChatGPT and Gemini, pointing out their respective strengths. Tune in for insights that could impact your investment decisions!

Scott Wren, a Senior Global Equity Strategist at Wells Fargo, shares insights on sector rotation towards industrials and the implications of a modest economic outlook. Bill Kirk, a Senior Research Analyst at Roth Capital, reveals a new app-download metric that highlights consumer trends for holiday shopping, while also discussing Costco's challenges. Christina Partsenevalos, a CNBC tech reporter, provides updates on Nvidia’s potential chip shipments to China and the complexities around U.S. export regulations affecting the semiconductor industry.

David Faber, an on-air CNBC correspondent known for his insights on media and M&A, joins the conversation to dissect significant market moves. He reveals that Nelson Peltz's Trian Partners is taking Janus Henderson private in a $7.4 billion deal. Faber also breaks down Paramount's revised $30 offer for Warner Bros. Discovery amid regulatory concerns. Additionally, he discusses Nvidia's plans to ship H200 chips to China and the shifting dynamics of the tech sector, providing a sweeping view of the evolving landscape as the holidays approach.