Squawk on the Street

With a surge of rocket launches, human spaceflight and startups looking to go public, the new space race is here. But who stands to benefit from the profits beyond our atmosphere? In the pilot episode of “Manifest Space,” CNBC’s Morgan Brennan breaks down how space billionaires are leading the way toward the final frontier. Hear interviews with Jeff Bezos, Sir. Richard Branson, Jared Isaacman and more. 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 stocks tumbling to begin the week – the Dow falling for a seventh-straight day, the S&P 500 entering correction territory and the Nasdaq touching eight-month lows. Also in the mix: Bitcoin extending losses, down 50% from its record high. The anchors explored what investors should do now in wake of rate hike worries ahead of this week’s two-day Fed meeting, geopolitics and Russia-Ukraine tensions, and the slump in growth stocks ahead of this week’s earnings reports from the likes of Apple and Microsoft. Unilever and Kohl’s bucking the downtrend, surging on activist investor-related news. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On a big day full of tech news, Jim Cramer and David Faber led off the show with Netflix: Shares tumbled more than 20% in reaction to the company’s subscriber growth outlook. The anchors discussed what’s at stake for the streaming landscape and brought back the “penguins” as analysts lined up to downgrade Netflix. After Peloton shares fell 24% Thursday on CNBC’s report that the company is temporarily halting production on its key products, Peloton announced it is reviewing its production levels – and CEO John Foley fired back at the CNBC report. Also in focus: Nasdaq on track for its worst week since March 2020, Intel to invest $20 billion in two new plants in Ohio to manufacture advanced chips, buying semiconductor stocks on the dips, “the danger of SPACs,” and Carl Icahn to CNBC on the markets: “Some of the multiples are crazy.” 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 markets trying to rebound amid the recent tech sector slump: Nasdaq in correction territory – down 10% from its highs – and entering the session down more than 8% since the beginning of the month. SEC Chair Gary Gensler says to expect increased regulatory scrutiny of cryptocurrency trading platforms. The anchors reacted to what Gensler told Jim Cramer on CNBC when it comes to Dogecoin. Airline earnings from American and Delta also in the spotlight – as well as what the carriers’ CEOs told CNBC about the omicron variant’s impact on bookings. Also in focus: The energy sector rally and ESG, meme stock moves and Ford vs. Tesla. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. 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 news of a mega-deal: Microsoft agreeing to acquire "Call of Duty" videogame publisher Activision Blizzard for $95 per share or $68.7 billion in cash. Becky Quick, Jim and David interviewed Microsoft Gaming CEO Phil Spencer and Activision Blizzard CEO Bobby Kotick in a CNBC Exclusive. There was more for the anchors to discuss on a busy Tuesday: Markets in sell-off mode as yields rise and Goldman Sachs posts a fourth-quarter earnings miss, BlackRock CEO Larry Fink out with his annual letter in which he says stakeholder capitalism is not "woke," Exxon Mobil aims for net zero greenhouse gas emissions by 2050, the tech sector extends its 2022 slump and GlaxoSmithKline rejects Unilever's $68.4 billion offer to acquire GSK's consumer health business. 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, Morgan Brennan and Mike Santoli focused on a rough start for the Dow and S&P 500: Both under pressure after big banks kicked off earnings season with their quarterly results -- and new data showed weaker-than-expected retail sales in December in wake of the omicron outbreak and inflation. JPMorgan Chase and Citigroup each fell sharply after posting a decline in quarterly profits, while Wells Fargo's results gave the stock a lift. Piper Sandler analyst Jeff Harte offered his perspective on the banks, while top retail analyst Matthew Boss of J.P. Morgan shared his favorite names in the group he covers. Also in focus: The tech stocks bouncing back from Thursday's sell-off, Fedspeak on rate hikes, casino stocks rally, Disney gets downgraded and space stocks take a hit. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation once again on center stage: Carl Quintanilla, David Faber and Mike Santoli focused on market reaction to a tamer-than-expected Producer Price Index for December -- as well as growth stocks vs. value. The anchors also discussed Fed Vice Chair nominee Lael Brainard's prepared testimony on inflation ahead of her confirmation hearing on Capitol Hill. Carl, David and Mike reacted to Vice President Kamala Harris' comments to NBC's "Today" show -- she estimates COVID-19 tests for all Americans will go out next week, calling the move "a matter of urgency" for the White House. Cowen internet analyst John Blackledge joined the program to discuss his 2022 ad tech outlook as well as why he downgraded Snap. Also in focus: Delta posting better-than-expected fourth-quarter results despite the omicron variant spread, private equity firm TPG going public with the biggest IPO of 2022 so far, and AMC CEO Adam Aron unloading $7 million more of his company's shares -- but tweeting that he's finished selling. 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 on inflation watch: Markets rise despite data showing consumer prices up 7% in December from a year ago. Cramer offered his perspective on how Fed Chair Jerome Powell is handling inflation in wake of Tuesday's re-confirmation hearing on Capitol Hill. The anchors also reacted to what Domino's CEO Richard Allison told CNBC about how he sees the inflation picture. Also in focus: The financial sector's record run ahead of big bank earnings, Nasdaq coming off its best day in three weeks: Has it bottomed? Dish Network shares jump on reports it is in merger talks with DirecTV, DoorDash CEO Tony Xu joins the board of Facebook parent Meta and Biogen shares tumble on Medicare decided it would only cover the company's Alzheimer's drug under certain conditions. On day three of the J.P. Morgan Healthcare conference, Meg Tirrell interviewed Novartis CEO Vas Narasimhan about everything from its licensing of a COVID drug to Medicare's decision on covering Biogen's Alzheimer's drug. 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 show with a look at the market volatility, with the Nasdaq snapping a 4-day losing streak during yesterday’s late rebound. The S&P is looking to avoid it 6th straight day of declines. The anchors also hit the 1-year anniversary of the Reddit Rebellion, when Chewy co-founder Ryan Cohen was named to Gamestop’s board of directors. Shares of $GME are up more than 500% over the last 12-months. Also in the mix: Abercrombie & Fitch shares moved higher despite the retailer lowering its guidance for fourth-quarter sales. This follows Lululemon warning of reduced Q4 revenue earlier in the week, citing staff shortages and reduced store hours due to the surge in Covid-19 cases. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.