Squawk on the Street

Jim Cramer and David Faber delved deeper into another set of big bank earnings, discussing what to make of Goldman Sachs posting weaker-than-expected quarterly results while Morgan Stanley beats on profits and revenue. Breaking news on the Disney-Nelson Peltz proxy fight: Disney strikes back at the activist investor, saying he "lacks the skills" to assist the company's board. Also in focus: China's economic growth slowed sharply in 2022 to 3% due to COVID lockdowns, Trial day for Elon Musk over his Tesla tweets, Emerson goes hostile on the M&A front and Guggenheim downgrades Microsoft to "Sell." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and David Faber took an in-depth look into quarterly results from JPMorgan Chase, Bank of America, Citigroup and Wells Fargo. It is time to buy the banks? BlackRock Chairman & CEO Larry Fink joined the program. In a wide-ranging interview, the head of the world's largest asset manager discussed his firm's earnings, long-term investing and the ESG backlash. Also in focus: Tesla shares fall sharply and drag the auto sector lower after the company slashed vehicle prices in the U.S. and Europe, while shares of Delta Air Lines slump despite better-than-expected Q4 results. 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 focused on two big stories: Key inflation data showing the December Consumer Price Index down 0.1% from November levels and easing year-over-year for a sixth consecutive month -- and Trian nominates activist investor Nelson Peltz for a seat on Disney's board. Peltz joined the program to discuss his proxy fight against Disney and the changes he would like to see at the Magic Kingdom. 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 focused on the airlines after the Federal Aviation Administration grounded flights nationwide due to a system outage. The FAA eventually allowed flights to resume but airlines experienced thousands of delays and hundreds of cancellations. The anchors also discussed inflation and the markets ahead of Thursday's CPI data -- and reacted to eye-opening takes on the market from Morgan Stanley CIO Mike Wilson and DoubleLine CEO Jeffrey Gundlach. Also in focus: Bernstein downgrades Salesforce and sees "growth purgatory" for the company, FTX founder Sam Bankman-Fried's comments to Puck News, Tesla files to expand its Texas Gigafactory, "Faber Report": Will WWE Sell? 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 what investors should make of Tuesday's comments from Fed Chair Jerome Powell. In remarks delivered to Sweden’s central bank, Powell said the Fed needs to remain independent from political influence while battling inflation -- adding that "Price stability is the bedrock of a healthy economy." The anchors also reacted to Coinbase announcing its second round of layoffs in less than a year, plus what the company's CEO Brian Armstrong told CNBC about cutting 20% of its workforce. Also in focus: Disney CEO Bob Iger tells employees they would be required to work in a Disney office four days a week, Warner Bros. Discovery's big 2023 rebound, plus Apple reportedly plans to replace a key Broadcom chip with an in-house design. 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 gains after a positive first week of 2023 for stocks. The anchors also explored woes for a pair of retailers: Shares of Lululemon and Macy's each down sharply on holiday quarter guidance. Carl, Jim and David reacted to Ant Group founder Jack Ma ceding control of the Chinese fintech giant, and the boost to shares of Alibaba, which owns a roughly 33% stake in Ant. Merck CEO Robert Davis offered his outlook for the pharma giant "First on CNBC" from the J.P. Morgan Healthcare Conference in San Francisco. Also in focus: Goldman Sachs reportedly set to begin layoffs, plus a look at the stocks rising more than 100% on M&A news. 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 discussed stocks jumping on the better-than-expected December employment report: Non-farm payrolls up 223,000, the unemployment rate fell to 3.5% and wage growth slowed. Labor Secretary Marty Walsh joined the program with White House reaction to the numbers. Tesla shares extended losses after the automaker slashed prices in China for the second time in less than three months. Also in focus: Costco leading the gains in consumer stocks, upgrades and downgrades, the challenges of finding a bull market, Cramer on how to play Apple and why he likes the "slowdown stocks." 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 led off the show with a wide-ranging discussion about Amazon's plans to cut 18,000 jobs and how many more layoffs we might see in the tech sector. Wednesday night on CNBC, Jim urged Amazon to reduce headcount shortly before CEO Andy Jassy issued a memo to employees about the cuts. The anchors also reacted to comments from Kansas City Fed President Esther George, who told CNBC she sees interest rates above five percent until inflation is under control. Also in focus: Tesla shares fall on a slump in deliveries of its China-made vehicles, crypto-focused bank Silvergate Capital plummets after disclosing a plunge in deposits in wake of FTX's collapse, what to make of Wall Street's downgrade parade – and bright spots, plus Microsoft CEO Satya Nadella tells CNBC why he sees a "challenging" two years ahead for tech. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

As satellite operators send more spacecraft to orbit to connect their broadband services globally, Morgan breaks down the business case for internet constellations with SES CEO Steve Collar. Following the deployment of the first payloads for its O3b mPOWER constellation, they discuss surging satellite demand, the company’s partnership with SpaceX and a potential merger between SES and Eutelsat. 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 took a deep dive into tech: Salesforce plans to cut about 10% of its workforce. The anchors weigh in on the stock and what Co-CEO Marc Benioff said in his letter to employees. Microsoft shares fell sharply after UBS downgraded the stock from "Buy" to "Neutral." Hear what Jim had to say about that call. All of this happening one day after Apple closed trading with a valuation below $2 trillion for the first time since 2021 -- and Tesla shares tumbled, experiencing their worst day in more than two years. Also in focus: Regulators warn banks about crypto risks, Chinese stocks rally, oil prices under pressure and GE Healthcare begins trading after being spun off from General Electric. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.