Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber started the hour by taking a closer look at China relaxing its Covid restrictions and moving away from its ‘zero-Covid’ policy. China’s trade also plunged to its lowest level since 2020 amid those Covid curbs. The anchors also turned to Paramount Global, which moved lower again after the company warned of an ad sale slowdown; David sat down exclusively with Paramount CEO Bob Bakish. Also in the mix: Jim broke down Campbell Soup for his ‘Mad Dash’ after the company moved higher on its earnings beat. 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 aiming to rebound a day after stocks suffered their worst performance in nearly a month. The S&P also posted its third straight day of declines. The anchors then turned their attention to cryptocurrencies, after JPMorgan CEO Jamie Dimon called the industry a “sideshow.” Dimon also went on to say tokens are “like pet rocks.” Also in the mix: shares of Meta dropped again following news that the company’s oversight board concluded that Meta gives its VIP users an unfair advantage. 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 explored what to expect from the markets after a positive week for stocks. China playing a big role in the discussion: Oil prices higher and Chinese stocks such has Alibaba in rally mode after China loosened some COVID restrictions, Morgan Stanley ups Chinese equities to "overweight," Apple reportedly looking to move some of its production out of China and Tesla shares slump on reports the automaker is cutting Model Y production in Shanghai. Also in focus: FTX founder Sam Bankman-Fried tweeted he "will testify" before House lawmakers at some point, the CEO of North Face and Timberland parent VF Corp. to retire, Starbucks downgraded, a media stocks roundup and Delta's big pay hike in its deal with pilots. 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 led off the show with reaction to the stronger-than-expected November employment report, which reignited market fears of aggressive Fed interest rate hikes. 263,000 non-farm jobs were created, the unemployment rate remained at 3.7% and wage growth surged. Was Wednesday's "Powell Rally" ill-advised? The anchors also assessed hiring freezes and layoffs in the tech and banking sectors. On the autos front: Ford vehicle sales fell in November but EV sales more than doubled from a year ago. Tesla delivered its first heavy duty electric semi to PepsiCo. CEO Elon Musk described the truck as a "badass rig." Also in focus: Marvell shares sink, crude oil's big weekly rally, Barclays downgrades Blackstone following BREIT limit, plus the anchors weigh in on Credit Suisse, Disney and Salesforce. 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 looked at what's ahead for the markets one day after Fed Chair Jerome Powell's comments on moderating interest rate hikes sparked a Wednesday afternoon rally for stocks. Salesforce shares fell sharply after the company announced Bret Taylor is stepping down as Co-CEO and that Marc Benioff would once again be sole CEO and remain chairman. Jim and David explored what Taylor's departure could mean for Salesforce -- and discussed his role at Twitter, where he served as chairman as the company was being sold to Elon Musk.Also in focus: What FTX founder Sam Bankman-Fried and Meta CEO Mark Zuckerberg told CNBC's Andrew Ross Sorkin at the New York Times DealBook Summit, Snowflake shares erase post-earnings declines, other earnings movers including Kroger and PVH, and Musk tweets about Apple and Tim Cook. 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 the markets anticipating Fed Chair Jerome Powell's Wednesday speech, watching to see what he might say about the path of interest rate hikes. The anchors also reacted to DoorDash cutting about 1,250 jobs to rein in costs, plus FTX founder Sam Bankman-Fried telling Axios he had $100,000 in his bank account “last I checked” Spotify CEO Daniel Ek renewed his criticism of Apple in a series of tweets, after Twitter owner Elon Musk slammed the iPhone maker over App Store fees. Also in focus: A report from Beijing on the China COVID protests, earnings movers, Crowdstrike shares tumble, Carvana downgraded again, Disney “restructuring” in the new Bob Iger era, the takeover battle involving Horizon Therapeutics, plus comments Cramer made about Hormel that you won't want to miss. 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 kicked off the hour by looking at the rally in Asia markets as Chinese health authorities reported an uptick in senior vaccination rates. They continued the conversation with CNBC’s Eunice Yoon, who reported that Zhengzhou, or China’s iPhone city, is set to lift its current lockdown as scheduled. The anchors then turned to Elon Musk taking on Apple in a series of Tweets claiming, “Apple has also threatened to withhold Twitter from its App Store, but won’t tell us why.” Also in the mix: Disney CEO Bob Iger announced during his first town hall since returning to the company that he won’t remove its hiring freeze. Cramer said Disney’s stock is a “Buy.” 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 kicked off the week by focusing on global markets under pressure, as protests in China over that country's "zero-COVID" policy spark concerns about growth and demand in the world's second largest economy. Coverage includes a report from on the ground in Beijing. The anchors also discussed the latest holiday shopping report cards, including data from Adobe which show Black Friday online sales set a new record. Disney also in the spotlight ahead of CEO Bob Iger's Monday town hall meeting with employees. Also in focus: Upgrades for Activision, WTI crude falls into negative territory for the year and casino stocks get a Macau boost. 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, David Faber and Morgan Brennan covered all of the retail bases on Black Friday, focusing on what investors can expect from the nation's chain stores this holiday season. A Cowen retail analyst joined the program with his Black Friday picks. A report from on the ground in Beijing: Apple shares under pressure as the company tries to quell unrest at Foxconn's major iPhone factory amid China's COVID-19 lockdowns and a rise in infections. The anchors reacted to a report which says The Federal Trade Commission is likely to challenge Microsoft's planned $69 billion acquisition of Activision. Oppenheimer Asset Management's chief strategist offered his market outlook. Will we see a "Santa Claus rally"? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the final trading day before Thanksgiving, Carl Quintanilla, David Faber and Mike Santoli discussed the markets ahead of Black Friday, including reaction to earnings from the likes of Nordstrom. Veteran market strategist Bob Doll joined the anchors with his market outlook and take on the Fed. David's "Faber Report" focused on Credit Suisse warning of a $1.6 billion loss in the fourth quarter. China's COVID lockdown also in the spotlight: A report from on the ground in Beijing after unrest at Foxconn's massive iPhone assembly plant. Also in focus: HP to cut up to 6,000 jobs, Wall Street notes on Tesla and the Elon Musk effect, plus the FTX collapse - from bankruptcy hearing developments to Sam Bankman-Fried's latest mea culpa. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.