Squawk on the Street

David Faber and Jim Cramer started the hour with a preview of the Fed’s decision in the afternoon, where the group is expected to cut rates for the first time this year. The desk also shifted to Nvidia and an FT report that China is banning its tech companies from buying Nvidia’s AI chips. After the opening bells, the CEO of StubHub joined the show to discuss the company’s public debut.  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.

Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, shares her insights on market trends and the potential for interest rate cuts. Bill Hartz, CEO of the Long-Term Stock Exchange, discusses the advantages of reducing the frequency of earnings reports for public companies. The conversation delves into consumer spending despite economic challenges and the excitement surrounding TikTok's potential deal with ByteDance. Additionally, Eli Lilly's investment in U.S. manufacturing signals a shift in the pharmaceutical landscape.

Tim Cook, the iconic CEO of Apple, shares insights on the tech giant's strategies amid shifting market dynamics. He discusses the competitive landscape with Tesla and the impact of AI on stocks. The conversation highlights the upcoming Fed meeting and its implications for the economy, while touching on the intricate relationship between technology and consumer spending trends. Tim also reflects on the challenges faced by companies in the semiconductor sector and the importance of operational focus in a rapidly evolving market.

The discussion kicks off with an analysis of market trends and the positive impact of trade talks with China on stock prices. Antitrust investigations surrounding NVIDIA also take center stage, raising questions about the company's future. Attention shifts to Apple, with insights on consumer demand and how trade-in values of older iPhones could influence the launch of the iPhone 17 series. Investment strategies are offered alongside ongoing market insights, keeping listeners informed and engaged.

Dan Niles, a tech investor and founder of Niles Investment Management, discusses the surge in technology stocks and the implications of AI on investment strategies. He highlights Google's milestone of a $3 trillion market cap and the bullish sentiment surrounding Apple’s new iPhones. Scott Gottlieb, former FDA Commissioner, examines vaccine-related news and upcoming CDC policies, emphasizing public health trends and regulatory challenges. Together, they explore the intersection of tech and healthcare, shedding light on current market dynamics and future prospects.

U.S.-China trade talks heat up, with a possible TikTok deal on the horizon. Trump proposes companies shouldn't have to report quarterly, sparking debate about corporate governance. Meanwhile, Elon Musk's $1 billion Tesla stock purchase boosts confidence, igniting a market rally. The episode also touches on the Apple Watch's new health tech capabilities, ready to detect hypertension. Lastly, retail brands navigate complex turnarounds in a challenging market landscape, revealing insights into brand perception and investment strategies.

Keith Rabois, co-founder and chairman of Opendoor, shares insights on transforming real estate transactions. He discusses the company’s striking 1,000% stock surge and the idea that its value could be 'infinite.' The conversation also touches on the broader market's response to economic indicators and potential Fed rate cuts. Rabois highlights Opendoor's competitive edge in iBuying, contrasting it with rivals facing profitability challenges, all while emphasizing the importance of operational efficiency in a fluctuating market.

Discover the soaring stock prices of media giants like Warner Brothers and the financial outlook for Paramount. Dive into Tesla’s latest surge linked to autonomous driving advancements, while the housing sector grapples with trade tariffs. Explore innovations in AI-powered PCs boosting productivity and new local partnerships for manufacturing smartphone glass. Gain insights from Kramer's Kentucky Chronicles on semiconductor movements and the revival of the crypto market, blending serious financial analysis with lighter moments.

The discussion kicks off with the impact of mortgage rate cuts on Home Depot and the housing market. Participants analyze the exciting rise of tech stocks like NVIDIA alongside the growing demand for AI. A notable shift in the financial markets is highlighted, showcasing a broader rally beyond tech into the financial sector. Key companies like Oracle and Klarna are mentioned, hinting at their roles in the evolving landscape of credit services. Overall, there's a palpable excitement about the future opportunities in diverse markets.

Howard Lutnick, Commerce Secretary and former CEO of Cantor Fitzgerald, reflects on the impact of 9/11 on business and shares his optimism on job growth amid trade negotiations. Lori Calvasina, RBC's Head of Equity Strategy, dives deep into the latest inflation data and its effects on equities and jobless claims. They explore the challenges of the labor market, the influence of AI on job skills, and the economic implications of upcoming Federal Reserve decisions. This engaging discussion intertwines personal narratives with critical financial insights.