Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber started the show discussing the Israel-Hamas conflict, which sent stocks lower and energy prices higher. Top gainers on the S&P 500 included defense stocks like Northrop Grumman, while the biggest laggards included travel names like United Airlines. On the corporate side, the anchors also discussed Disney and Nelson Peltz after the billionaire investor reignited his proxy battle with the media giant. Peltz’s activist firm, Trian Fund Management, plans to push for multiple seats on the board after increasing its stake in Disney to about 30 million shares, valued at roughly $2.5 billion. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and Jeff Marks explain the September jobs report and some Club holdings that could move based off of the economic data.Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

September jobs report beats expectations, Exxon in talks for $60 billion deal, Tesla cuts prices after missing delivery goals

Carl Quintanilla, Jim Cramer and David Faber began the hour by breaking down the drop in oil prices. WTI crude came off its worst day of 2023, and touched its lowest price since August. The anchors then shifted to weight loss drugs, with the Walmart U.S. CEO saying he’s seeing a “slight pullback” for certain food products because of Ozempic and other products. After the bell the anchors also mentioned Disney’s tough run, with shares dipping back below $80, its lowest level since Oct. 2014.  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.

Stocks try to rebound after worst day since March. Apple downgraded, concern over soft growth in the US. Largest-ever healthcare strike with 75k workers. Discussions on Treasury yields, bond market disconnect, housing market concerns. Update on Sam Bankman Fried's criminal trial. Bitcoin stability and Ford's impressive Q3 sales growth. Ford's generous offer to union and UAW demands. Intel selling Alterra, Nvidia's financial success. Kaiser workers strike and impact on wages. Jim's anticipation and breaking economic data.

David Faber and Jim Cramer began the hour by discussing the spike in yields, with the 10-year and 30-year Treasury yields touching their highest levels since 2007. They also hit Cleveland Fed President Loretta Mester speaking out on Central Bank policy, arguing that one more U.S. rate hike may be needed in 2023. The anchors then shifted to the criminal trial of Sam Bankman-Fried beginning today; Bankman-Fried faces 7 counts of conspiracy and fraud over the collapse of FTX. Staying with court cases, Faber and Cramer also broke down the latest in the federal antitrust case against Google, a day after Microsoft CEO Satya Nadella testified in court on how hard it is to break into search. 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.

Carl Quintanilla, Sara Eisen and David Faber began the hour by breaking down the markets for Q4, with all major indices coming off their first negative quarter of 2023. The anchors also reacted to Bill Ackman’s comments, who told CNBC that the Fed is probably done raising rates and that he believes “the economy is starting to slow.” Phil LeBeau also joined the show to talk Tesla; the company reported Q3 delivery numbers of 435,059, slightly below estimates. Also in the mix: Kellogg’s snack spinoff Kellanova began trading at the NYSE; CEO Steve Cahillane joined the anchors live at Post 9 to discuss the new company. 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.

In this CNBC exclusive, Citigroup CEO Jane Fraser joins Sara Eisen to discuss the vision behind splitting Citi into five business units, whether layoffs are part of the restructuring plan, and how the company intends to unlock more value. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cramer and Jeff discuss turning the page on September and what’s ahead for the markets.Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake  CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Discussion on market trends and potential government shutdown. Impact of bond yields on stock market. Nike's performance, Olympics, and upcoming interviews. Update on auto industry strikes and EV development. Competition with Tesla in the EV market. Technological advancements and the AI market frenzy. Talk about restaurant upgrades and IPO performances. The rise of private credit and its impact on public markets.