Squawk on the Street

The morning after stocks staged an historic one-day turnaround, Carl Quintanilla and Jim Cramer discussed market volatility and what to make of earnings from big banks including JPMorgan Chase, Wells Fargo, Citigroup and Morgan Stanley. The anchors also reacted to UK Prime Minister Liz Truss' decision to fire the country's chancellor and reverse planned corporate tax cuts -- in wake of recent market turmoil in Britain. Also in focus: Kroger agrees to acquire supermarket rival Albertsons in a $24.6 billion deal, the Apple-Goldman Sachs high yield accounts partnership, why travel stocks are rallying, a price target hike for Netflix, a Musk-Twitter saga twist, plus the bank stock Cramer says is "low risk, high reward." 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 with the big inflation news of the morning: The Consumer Price Index for September coming in hotter-than-expected -- erasing a pre-market rally, sparking a sell-off and a spike in bond yields. How do you go about finding opportunity in this market? Also in focus: Delta's record Q3 revenue and upbeat guidance, chip sector moves, gilt yields fall on reports we could see further U-turns on the UK government's mini-budget, Wall Street upgrades including Meta, Musk-Twitter latest, and what an ExxonMobil executive told David about low carbon as a growth strategy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The list of American commercial space companies with successful launches just got a little longer. Coming on the heels of its first-ever launch to orbit and satellite deployment, Morgan Brennan speaks with Firefly Aerospace CEO Bill Weber about the rocket startup’s ambitious outlook. 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 market reaction to new wholesale inflation data: The September Producer Price Index jumped by a hotter-than-expected 0.4% from the previous month, but eased to 8.5% on a year-over-year basis. Cramer explains why he finds the data "disappointing," but sees PepsiCo as a bright spot after the company's quarterly earnings beat and raised guidance. Intel also in the spotlight on a published report saying the company plans to cut thousands of jobs. Also in focus: Treasury Secretary Yellen to CNBC on financial stability, President Biden's comments on the possibility of a recession, luxury retail, Moderna surges on its cancer vaccine partnership with Merck and Meta CEO Mark Zuckerberg makes the case for the metaverse. 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 challenges facing markets in the midst of a four-session losing streak. The anchors reacted to JPMorgan Chase CEO Jamie Dimon's comments to CNBC: He said the S&P 500 could fall "another easy 20%." The Fed in the spotlight after two policymakers called for caution regarding interest rate hikes. Also in focus: Market bright spots, shares of Uber and Lyft tumble on news of a Labor Department proposal to change independent contractor rules, Meta gets downgraded and Russia reportedly added the company to its list of terrorists and extremists, how to play the chip stock slump, and the Bank of England expands bond buying to calm markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer break down the market action of the morning, as futures popped on the heels of comments from Chicago Fed President, Charles Evans. Fed President Evans said signs of the labor market strength may be waning, that he sees rates remaining at 4.5% for some time, and restrictive financial conditions required to bring inflation down. Plus, shares of automakers were getting crushed. UBS downgraded both Ford and General Motors, saying the industry is rapidly moving toward vehicle oversupply following three years of unprecedented pricing power. Rivian shares were getting crushed after recalling nearly all of its vehicles to fix potential steering issues. Chinese chip makers got hammered after the U.S. announced new export controls aimed at limiting Beijing’s ability to produce advanced military systems. The sweeping rules mean companies must apply for a license if they want to sell certain advanced computing semiconductors or related manufacturing equipment to China. Jim and David broke down the other movers of the morning including Blackrock, Twitter, P&G, Kraft Heinz and Merck. 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 with the story of the morning: September employment data show non-farm jobs growth slowed to 263,000 -- while the unemployment rate fell to 3.5%. Cramer said negative market reaction to the report shows "the Fed is winning." Labor Secretary Marty Walsh joined the program with Biden Administration reaction to the jobs data. Also in focus: AMD drags down the chip sector with a revenue warning, A judge postpones the Elon Musk-Twitter trial and sets a deadline for both sides to close the deal, and "emotional sales" in the tech sector. 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 choppy moves in the markets, as investors focus on Fed policymakers' comments about inflation and the path ahead for interest rate hikes. Cramer weighs in on whether or not the chip sector has bottomed out. Oil prices in the spotlight: The White House blasts OPEC+ after the group agreed to a two million barrels per day output cut on Wednesday. Also in the mix: The latest on Elon Musk's attempt to buy Twitter, the challenges facing Meta, more job cuts at Peloton and how certain stocks are moving on CEOs' pricing comments. 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, Morgan Brennan and Mike Santoli discussed what to make of stock markets pulling back after their biggest two-day gains in more than two years. Energy in the spotlight: A report from on the ground at the OPEC+ meeting in Vienna, Austria as oil ministers discuss cutting output. What are energy CEOs saying about it? Also in focus: The future for Twitter now that Elon Musk has changed course and wants to go forward with the $44 billion takeover deal, San Francisco Fed President Mary Daly on "toxic" inflation, Amazon's hiring freeze, Morgan Stanley's Adam Jonas' note on Ford and General Motors, and what L3 Harris' CEO told Morgan about OPEC+ and its potential impact on the defense industry. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

One day after stocks kicked off the fourth-quarter with a big rally, Carl Quintanilla, Jim Cramer and David Faber discussed the markets extending their surge while Treasury yields pull back -- and oil prices continue to spike on expectations OPEC and its allies will cut oil output at their meeting on Wednesday. What does it all mean for your money and buying opportunities? Also in focus: "Fedspeak" watch, Morgan Stanley analyst Adam Jonas' note on auto sales, Ford's sales report card, Cathie Wood's ARK snaps up Tesla shares, playing the chips, Micron pledges a $100 billion chip factory investment in upstate New York, Credit Suisse shares extend rebound, and Cramer's case for buying P&G Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.