Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber focused on a big week for the markets, as Wall Street gears up for everything from key policy decisions by the Fed and other central banks -- to a slew of earnings including results from tech giants Apple, Amazon, Alphabet and Meta. The anchors also discussed what to make of the early 2023 tech rally -- the Nasdaq up 11% and Tesla surging 45% year-to-date heading into Monday's trading session. Also in focus: Salesforce and the activists, EV price cuts at Ford, takeover speculation involving Lucid, and Jim celebrates the Philadelphia Eagles advancing to the NFL's championship game. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer focused on shares of Intel tumbling after the chipmaker posted fourth-quarter results that missed expectations -- and warned of a loss in Q1. The anchors reacted to CEO Pat Gelsinger's earnings call comment: "We realize that we stumbled." The Fed's preferred inflation measure -- Core PCE -- eased in December year-over-year, while consumer spending fell and personal income rose last month. With the consumer in mind, Carl and Jim discussed shares of American Express rallying on its quarterly results. Also in focus: Chevron posts a record annual profit one day after announcing a $75 billion share buyback, Salesforce appoints new board members amid activist pressure, Hasbro job cuts, plus – a “puzzling” development. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On a day full of earnings news, Carl Quintanilla and Jim Cramer led off the show with Tesla: Shares up sharply on record quarterly results and CEO Elon Musk's optimism about demand. Is the worst over for the stock? A CEO doubleheader: Southwest Airlines' Bob Jordan on everything from the carrier's fourth-quarter loss to its operational disruptions that resulted in a holiday travel meltdown -- and ServiceNow’s Bill McDermott on his company's earnings and the cloud. Also in focus: Economic growth slows to an annual rate of 2.9% in Q4 but slightly beats estimates, earnings winners and losers, Chevron's $75 billion share buyback program, IBM cutting 3,900 jobs, plus Cramer's message on investing in chip stocks. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Rocket Lab has made it to U.S. soil, successfully launching three Hawkeye 360 satellites from NASA’s Wallops Island. A first-of-its-kind mission for the startup, Morgan speaks with Rocket Lab CEO about the launch business, the latest in the space stock downturn and, of course, Venus. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with shares of Microsoft falling on news of the company's weaker-than-expected cloud business forecast. What's at stake for big players in the cloud including Amazon? Boeing CEO Dave Calhoun joined the program to discuss his company's Q4 results that missed Wall Street estimates. The anchors also reacted to the Justice Department and attorneys general in eight states suing Google on antitrust grounds, accusing the Alphabet unit of "monopolizing digital advertising technologies." Also in focus: AT&T shares jump on stronger-than-expected Q4 wireless subscriber growth, plus Cramer explains why enterprise software is "the new natural gas." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber began the show by discussing the quarterly results for industrial giants 3M and GE. 3M shares were under pressure in early trading after missing on earnings; separately, the company announced that it will cut 2,500 jobs. Other names out with reports included Johnson & Johnson, Lockheed Martin, and Union Pacific. After the opening bell, several stocks were halted on the New York Stock Exchange due to an apparent technical issue. Major names impacted included Verizon, Wells Fargo and McDonald’s. To close out the hour, Morgan Brennan joined the desk to participate in an exclusive interview with Raytheon Technologies Chairman & CEO, Greg Hayes. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber began the hour by breaking down the markets, with the Dow and S&P aiming to bounce back from their first weekly losses of 2023. Salesforce was one of the key names to watch in early trading, as the stock received a boost on news that Elliott Management has a multi-billion dollar stake in the company. Staying with the tech sector, the anchors then shifted their attention to Spotify, the latest company to announce layoffs, cutting 6% of its global workforce. CEO Daniel Ek said he was “too ambitious in investing ahead of our revenue growth.” Also in the mix: Cramer broke down Barclays’ bullish call on the chip sector, which gave names like QCOM and AMD a lift. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with Netflix shares up sharply in reaction to larger-than-expected quarterly subscriber growth. The company also announced that founder Reed Hastings stepped down as Co-CEO and would stay on as executive chairman. COO Greg Peters succeeded Hastings as Co-CEO and is serving in that role alongside Ted Sarandos. What does it all mean for Netflix stock? The anchors also reacted to Alphabet becoming the latest tech giant to announce layoffs. The parent of Google said it plans to cut about 12,000 jobs or 6% of its workforce. Also in focus: Wayfair laying off about 10% of its workforce amid slumping sales, The FDA rejects accelerated approval of Lilly's Alzheimer's drug, plus what to expect from next week's earnings barrage -- including results from Microsoft, Tesla and Boeing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed the markets extending Wednesday's losses amid investor concerns about growth. The anchors reacted to comments made to CNBC by two big bank CEOs at the World Economic Forum in Davos, Switzerland: JPMorgan Chase's Jamie Dimon said he expects interest rates to rise above 5%, while Morgan Stanley's James Gorman expressed his belief that inflation has "clearly" peaked. Procter & Gamble shares fall on quarterly results as the company faces headwinds from rising costs. Also in focus: What to expect from Netflix's after-the-bell earnings, a double downgrade for Charles Schwab, shares of Discover slide on the company's outlook for credit card charge-offs. Plus -- is now the time to buy Boeing? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about the big story of the morning: Microsoft confirmed it plans to cut about 10,000 jobs or 5% of its workforce, joining the ranks of tech giants implementing layoffs. The company also said it is taking a $1.2 billion charge in fiscal Q2 related to severance costs and other changes. Also in focus: Wholesale inflation eases but retail sales fall in December, Nasdaq aims for an eight-session win streak, Goldman Sachs CEO David Solomon's comments to CNBC about a potential "soft landing," United jumps on earnings and guidance, Microsoft and Activision one year after their $69 billion deal was announced. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.