Squawk on the Street

Tech stocks are bouncing back as debates rage over sky-high AI valuations. A notable former Tesla executive weighs in on the impact of expiring EV tax credits. EA's massive $55 billion buyout leads the discussion on strategic corporate moves, while a shift in cannabis regulations sparks interest in pot stocks. Insightful takes on AI markets suggest unprecedented growth justifies current prices, despite fears of a bubble. Plus, a new CEO at CSX raises hopes for revitalized operations amid investor pressure.

The $55 billion buyout of Electronic Arts by a consortium raises questions about its future in gaming and media. Walmart's CEO warns that AI will transform every job, stressing the need for strategic workforce planning. A shakeup in C-suite roles at several companies includes new leadership at CSX, Barrick Mining, and Comcast. President Trump's threat of 100% tariffs on foreign films adds another layer to market discussions. The implications of AI on infrastructure and competition, especially from Huawei, also capture attention.

Guest Dan Greenhouse, Chief Strategist at Solis Alternative Asset Management, dives into the current market landscape, citing strong earnings and consumer spending as catalysts for a sustained rally. He also shares concerns about potential tariffs, especially in the chip and pharma sectors, discussing their disruptive effects. Furthermore, Mark Zandi, Moody's Chief Economist, provides insights on how a government shutdown could unexpectedly impact GDP growth, highlighting the risks stemming from wealth concentration and spending patterns.

The hosts dive into the latest tariff announcements and their immediate impact on retail and industrial stocks. TikTok's potential divestiture is explored, along with China's cautious response to export controls. A discussion on PCE inflation sheds light on market reactions and the Fed's perspective. The significant AI investment debate highlights concerns over spending returns. Cramer shares insights on Costco's long-term value and Boeing's renewed certification authority. The episode wraps with Amazon's FTC settlement and market performance highlights.

Jim Cramer dives into the implications of rising mortgage rates on Home Depot, warning it could dampen housing-related spending. He stresses the importance of shifting from speculative stocks to solid, profitable companies after parabolic runs. The discussion also highlights the connection between rising Treasury yields and unexpected economic strength, along with concerns about insider selling in hot stocks. Join the CNBC Investing Club for deeper insights and exclusive member content!

Julie Sweet, the dynamic CEO of Accenture, dives deep into her company's impressive AI-driven growth and consultancy strategies. She explains how advanced AI is not only reshaping client operations but also enhancing demand for consultancy services. Sweet discusses Accenture's adaptability to tech changes, talent strategies in response to H-1B fee hikes, and offers insights into the future of consulting amid evolving technologies. The conversation also touches on housing market developments and the latest on TikTok's ownership changes.

The discussion kicks off with Intel seeking investment from Apple, raising questions about a potential partnership. President Trump’s expected deal for TikTok’s U.S. operations could reshape the social media landscape. Starbucks reveals a bold turnaround plan with significant job cuts and store closures. The hosts also dive into market sentiments, highlighting tech stock struggles amid rising rates, while BYD's impressive sales competition against Tesla in Europe stirs industry debates. Quantum computing and housing market shifts round out the intriguing insights.

Gabriela Santos, Chief Market Strategist for J.P. Morgan, dives into market dynamics driven by monetary policy and the implications for stocks and bonds. Jonathan Ross, Founder and CEO of Groq, explains his company's innovative approach to AI chips, focusing on cost and energy efficiency. Diana Olick reports on surprising new home sales figures, highlighting a rise in prices despite mortgage rate challenges. Plus, insights on Alibaba's massive $53 billion AI spending and the economic impact of the upcoming Ryder Cup.

Sanjay Mehrotra, CEO of Micron Technology, shares insights on the soaring AI-driven memory demand and the company’s robust quarterly results, along with a $200 billion investment plan for U.S. manufacturing. Rene Haas, CEO of Arm Holdings, elaborates on their pivotal role in the Stargate partnership with industry giants like OpenAI and NVIDIA, highlighting the massive compute needs for AI training. Together, they discuss the challenges and exciting opportunities of AI infrastructure in a rapidly evolving tech landscape.

In a compelling address, President Donald J. Trump outlines his vision for America at the U.N. He tackles the economy, emphasizing achievements and military strength, while critiquing the previous administration’s policies. He addresses threats from Iran, calls for a ceasefire in Gaza, and demands the release of hostages. Immigration is a key focus, with Trump urging nations to take control of their borders. He also defends traditional energy policies against green mandates, advocating for U.S. energy independence and national sovereignty.