Squawk on the Street

Michael Intrator, CEO of CoreWeave, dives into the company's innovative growth strategies and its unique operational expertise that sets it apart in the AI infrastructure arena. He discusses the recent quarterly results and the challenges faced due to delays from a key data center partner. The conversation also covers the implications of SoftBank's exit from Nvidia and the high demand for AI services, suggesting a landscape where multiple providers can thrive as AI technology continues its rapid evolution.

Cramer dives into the impact of Sam Altman's leadership on investor sentiment, particularly relating to NVIDIA's stock. Despite recent downfalls, he remains bullish on the tech giant. The discussion touches on the importance of Taiwanese semiconductor manufacturing and recent earnings reports. Uncertainties around Chinese demand for AI hardware are examined, alongside potential export restrictions. Cramer invites listeners to a deeper market outlook, promising insights for savvy investors.

Dan Greenhaus, Chief Strategist at Solus Alternative Asset Management, dives into the AI trade's impressive rebound and market trends, while also analyzing critical stock movements. Joining him is Aaron Jogfeldt, CEO of Generac, who discusses the company's strategic shift towards providing backup power solutions for the burgeoning AI data center sector. The conversation also touches on consumer spending insights and the intriguing possibility of a 50-year mortgage to improve affordability.

Albert Bourla, Chairman and CEO of Pfizer, joins the discussion to share insights on Pfizer's strategic acquisition of Metsera for up to $10 billion, targeting the obesity drug market. He emphasizes the company's robust development capabilities and outlines the potential for product differentiation in obesity therapies. Bourla tackles regulatory implications and competitive dynamics with major players like Novo Nordisk. The hosts also explore market reactions to a potential government shutdown deal and the challenges facing the tech sector amid AI valuation concerns.

Jane Fraser, CEO of Citigroup, discusses the bank's transformation and AI adoption, noting the risks of exuberance amidst early gains. Arvind Krishna, CEO of IBM, addresses the hype around AI, asserting growth potential while justifying rising investments. David Kelly from J.P. Morgan analyzes weak consumer sentiment and labor dynamics, while Jan Hatsias from Goldman Sachs warns of a struggling jobs market, highlighting looming layoffs and inflation risks. These insights provide a vibrant snapshot of the current economic landscape amid transformative technological shifts.

Phil LeBeau, CNBC's automotive and airline expert, dives into the chaos in airline operations caused by the FAA's flight reductions amid a government shutdown. He discusses the rising flight cancellations and what it means for travelers. The conversation also touches on Tesla's recent $1 trillion pay package for Elon Musk, the implications for the EV market, and insights from Max Levchin, CEO of Affirm, on the buy now, pay later fintech model and its resilience during economic fluctuations.

Rick Worcester, CEO of Charles Schwab, shares insights on the firm's acquisition of Forge Global and their strategy to open private markets to retail investors. Chris Britt, CEO of Chime, discusses impressive quarterly results and the fintech's growth trajectory amidst a challenging market. Phil LeBeau dives into the ramifications of Tesla's shareholder vote regarding Elon Musk's pay package and examines how FAA flight cuts from a shutdown could affect air travel. The conversation also touches on broader job market trends and tech's resilience.

Jim Cramer advises investors to hold off on buying a stock until its earnings report is released. The discussion highlights DuPont's impressive financial results, including strong sales and earnings. They also reveal details about DuPont's aggressive $2 billion buyback strategy. Despite these positive indicators, there's a cautionary note about jumping into DuPont shares after a recent surge. The hosts encourage listeners to consider joining an exclusive investing community for deeper insights.

A government shutdown is set to cut flights at major U.S. airports, leading to major air travel disruptions. Nvidia's CEO softens his stance on the U.S.-China AI race, while Tesla shareholders gear up to vote on Musk's staggering $1 trillion pay package. Historical flight disruptions and recessionary layoffs are heating up political discussions. Meanwhile, financial dynamics around AI infrastructure and an M&A bidding war for Metsera are making waves in the market.

Brian Moynihan, CEO of Bank of America, shares insights from the bank's first investor day in 15 years, discussing strategies for growth and risk management. He highlights how the bank plans to leverage held assets and boost returns while addressing consumer trends. Meanwhile, Lemonade's CEO Daniel Schreiber explains how AI is revolutionizing the insurance sector, improving efficiency and driving growth. The podcast also covers the Supreme Court’s tariffs hearing and the competitive bidding war between Novo Nordisk and Pfizer in the weight loss market.