Squawk on the Street

As the stock market hits record highs, the upcoming Fed symposium and retail earnings stir excitement. Novo Nordisk celebrates major drug approvals and direct-to-consumer strategies. Geopolitical tensions rise with crucial meetings involving Ukraine and President Trump. Meanwhile, Nvidia gains traction while Tesla hints at new developments in China. A fascinating look into China's ambitious plans for humanoid robotics reveals a future filled with innovation, emphasizing the importance of battery tech and market dynamics.

Mona Mahajan, Principal and Head of Investment Strategy at Edward Jones, shares insights on the market's new all-time highs, driven by Berkshire Hathaway's investment in UnitedHealth. They discuss the volatile tech landscape, with Janus Henderson favoring Amazon and Microsoft. The conversation dives into Intel’s potential government stake and its implications for innovation. Additionally, they analyze how consumer sentiment is shifting amid inflation and the broader economic landscape, highlighting resilience amidst challenges.

UnitedHealth Group's stock surges as Warren Buffett's Berkshire Hathaway invests $1.6 billion, despite being the Dow's worst performer this year. The Trump Administration is reportedly negotiating with Intel for a potential government stake in the chipmaker. Applied Materials faces a steep decline due to weak guidance. Retail sales are on the rise, while software stocks slump. The geopolitical climate heats up with President Trump's meeting with Putin, affecting market dynamics.

In this discussion, Alberto Musalem, President and CEO of the Federal Reserve Bank of St. Louis, shares crucial insights on inflation and labor market dynamics. Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, analyzes how producer price data is affecting financial markets. They delve into the implications of tariffs on consumer prices and the delicate balance policymakers must strike amid economic uncertainties. Together, they explore potential rate adjustments by the Fed and the overall market's reaction to these economic indicators.

Chuck Robbins, Chairman and CEO of Cisco, shares his insights on the company’s earnings and the bullish impact of AI on growth. He discusses the unexpected rise in AI orders, contributing to Cisco’s strong financial performance. The conversation dives into the tech landscape, exploring competitive dynamics and the role of automation in labor costs. Robbins also addresses current economic challenges and how advancements in technology are shaping corporate strategies, particularly in security and networking sectors.

Cramer signals a bullish stance on a major pharmaceutical company, highlighting insider trading trends that suggest confidence in its rebound. They discuss a recent stock sale, putting a spotlight on NVIDIA's performance and its anticipated price targets. The duo invites listeners to join an investing club for deeper insights and explores educational opportunities for aspiring investors. Tune in for market analysis mixed with actionable investment strategies!

Subodh Kulkarni, CEO of Rigetti Computing, shares insights on the future of quantum computing, highlighting a groundbreaking chiplet-based system with 36 qubits that could transform classical computing. The discussion also touches on the interplay between quantum technology and financial markets, emphasizing its potential impact on cryptocurrency and blockchain. Kulkarni's thoughts illuminate the rapidly evolving tech landscape while reflecting on Rigetti's remarkable 1,700% stock surge over the past year.

Tom Farley, CEO of Bullish and former president of the New York Stock Exchange, shares insights on the crypto landscape as Bullish prepares for its public debut. He discusses how the exchange is leveraging stablecoins to attract investors amidst a dynamic market. The conversation highlights the recent stock market rally, interest rate speculation, and the implications of tech valuation trends. Additionally, the ongoing rivalry between Elon Musk and Sam Altman adds a layer of excitement to the tech industry narrative.

Stephen Miran, Chairman of the Council of Economic Advisers and a key figure in economic policy under President Trump, discusses the implications of a recent inflation report and its positive reception in the market. He explores how higher inflation may benefit equity investors. Meanwhile, Eli Gross, Global Co-Head of Investment Banking at Morgan Stanley, shares insights into the resurgence of M&A activity and IPOs, examining corporate confidence and the evolving economic landscape. They also touch on AMC Entertainment's recovery and the changes in consumer trends within the entertainment industry.

Market experts dive into July's CPI inflation data and its implications for the Federal Reserve. Tensions rise as Beijing pressures tech firms to favor domestic chips over Nvidia's. Elon Musk threatens Apple with legal action over App Store practices. The remarkable post-IPO surge of Circle Internet in the stablecoin sector grabs attention. Amid ongoing chip manufacturing challenges, discussions highlight the shifting stock landscape and competitive strategies in the tech scene. Lively debates blend humor with serious market analysis.