Squawk on the Street

Roger Altman, Evercore Senior Chairman and former Deputy Treasury Secretary, shares his concerns about a potential economic slowdown and discusses the implications of a significant fiscal bill on national debt. John McNeil, CEO of DVX Ventures and former Tesla president, dives into the automotive landscape, particularly GM's new investments in U.S. manufacturing. The podcast also covers the latest on a tragic Boeing 787 crash, inflation trends, and Chime's upcoming IPO, highlighting how these events shape the financial landscape and market strategies.

Carl Quintanilla, David Faber and Sara Eisen led off the show with tragic news: An Air India plane bound for London crashed shortly after takeoff from an airport in Western India. The aircraft was a Boeing 787 Dreamliner. News of the crash sent shares of the Dow component and jet engine maker GE Aerospace down sharply. As for inflation, the May Producer Price Index came in cooler than expected. IPO Watch: David interviewed the CEO of fintech firm Chime ahead of its public debut on Thursday. The startup hoping to join the ranks of companies who have seen their stocks soar since going public this year. Also in focus: The dollar hits new lows for 2025, President Trump's new trade message, Oracle surges, what Nvidia CEO Jensen Huang told CNBC about the U.S. imposing AI chip restrictions on China.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.

David Mericle, Chief U.S. Economist at Goldman Sachs, and Eamon Javers, CNBC correspondent, break down the latest in U.S.-China trade talks and inflation. They discuss how a better-than-expected CPI might influence Fed policy, with rising odds for rate cuts. The conversation heats up around Elon Musk's changing stance on Trump, the implications for Tesla, and Meta's bold $14 billion AI investment. Legal challenges in AI also take center stage, highlighting the ongoing battle between entertainment giants and AI technologies.

The hosts dive into President Trump's bold social media claim about finalizing a U.S.-China trade deal. They discuss surprising CPI inflation data that boosted stock markets and lowered bond yields. Elon Musk admits regret over recent comments about Trump while pushing for Tesla's robotaxi vision. Insights into major investments highlight Meta's $14.3 billion commitment to AI and GM's $4 billion production boost. Meanwhile, Nvidia's stock flirts with record highs, suggesting a tech-driven market shift.

Jim Cramer dives into the potential pitfalls facing a major tech giant, discussing strategies for boosting workforce efficiency. He reviews highlights from Apple's Worldwide Developers Conference and offers a cautious outlook on its stock. The conversation also raises eyebrows over stock buybacks and their impact on capital allocation. Additionally, the role of AI in product development comes under scrutiny, alongside insights from short-sellers on stock valuation and market trends.

David Koston, Chief U.S. Equity Strategist at Goldman Sachs, brings his expertise to the discussion on navigating market volatility. He shares insights on expected economic data trends and the rise of optimism in small businesses. The hosts delve into Apple’s underwhelming WWDC presentation and its impact on shares, while Disney's CEO outlines strategies for dominating the streaming wars. Additionally, the analysis of McDonald's concerning its recent downgrade raises questions about consumer value perception in the fast-food landscape.

In this discussion, Disney CEO Bob Iger delves into the strategic acquisition of Hulu, detailing how it grants Disney full control over streaming and enhances user experience. Iger highlights financial implications and the importance of subscriber growth amidst evolving market dynamics. They also touch on Apple’s underwhelming WWDC reaction and the competitive landscape impacting tech companies, including rising pressures from regulation and shifting production strategies. The conversation reveals insights into streaming strategies and the future of media.

Dive into the dynamics of power generation and the promising position of GE Vernova in the energy market. Stock movements draw attention as analysts from Goldman Sachs and Barclays adjust their price targets, revealing mixed investor opinions on energy investments. The conversation shifts to navigating clean energy, underscoring the importance of strategic investment. Personal stories of career transformation and reskilling programs add a motivating touch, encouraging thoughtful transitions in the evolving energy landscape.

Ed Yardeni, President of Yardeni Research, discusses the latest U.S.-China trade talks and remains optimistic about the equity market. He delves into the IPO landscape, highlighting key companies to watch as the market warms up. Yardeni also analyzes Apple's struggles leading up to their annual WWDC conference, noting that their AI strategy isn't the primary concern for investors. Additionally, he touches on Meta's potential $10B investment in AI startup Scale AI and the broader implications for technology and trade.

Market dynamics are heating up as the S&P 500 surpasses 6,000, just in time for U.S.-China trade talks. Warner Bros. Discovery's split is examined amidst significant changes in the media landscape. Anticipation builds for Apple's WWDC event, while AI innovations gain traction. Protests in Los Angeles over immigration raids add a layer of political unrest impacting markets. The discussion also highlights emerging trends in stock investments and the evolving role of content creators. Plus, insights on corporate strategies in M&A and the future of tech are explored.