Squawk on the Street

CNBC
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Jan 10, 2022 • 43min

Stocks and Crypto Extend Slump, Exclusive With Take-Two CEO on Zynga Deal, and Gilead Sciences CEO on the Battle to Treat COVID

Carl Quintanilla, Jim Cramer and David Faber explored how investors should navigate a rough start to the week for stocks: The tech sector extending its 2022 sell-off amid rising bond yields. Bitcoin and other cryptocurrencies also continuing to take a hit. Take-Two Interactive was the S&P 500's worst performer after the home of "Grand Theft Auto" announced it has agreed to acquire mobile gaming company Zynga for $9.86 per share in cash and stock, representing a 64% premium to Friday's closing price. Take-Two Chairman & CEO Strauss Zelnick appeared on the program exclusively to discuss the deal. As part of CNBC's coverage of the virtual J.P. Morgan Health Care Conference, Meg Tirrell interviewed Gilead Sciences CEO Daniel O'Day about his company's antiviral "Remdesivir" and how the treatment is faring against the COVID-19 omicron variant. Carl, Jim and David reacted to Wall Street firms' top stock picks for 2022. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Jan 7, 2022 • 43min

White House CEA Chair Reacts to December Jobs Data, GameStop Surges on NFT/Crypto Report and Abbott Labs CEO Looks to Boost COVID Test Production as Omicron Spreads

Carl Quintanilla and Jim Cramer focused on market reaction to the big news of the morning: The December employment report showed non-farm payrolls up 199,000 -- about half of what Wall Street had been expecting -- but the unemployment rate fell to 3.9%. Cecelia Rouse -- Chair of President Biden's Council of Economic Advisers -- joined the program to discuss the jobs report, inflation, the COVID-19 omicron variant outbreak and what's at stake for the economy. GameStop shares soared on a report that the videogame retailer is launching a division to develop a marketplace for NFTs and establish cryptocurrency partnerships. The anchors did a "Squawk on the Street" flashback to April 2021 when Cramer said that GameStop has to "go crypto." Also in focus: Abbott Labs’ CEO said the company plans to boost production of its COVID-19 test kits to 100 million a month, Cramer on companies that should have gone public via IPO instead of striking SPAC deals, plus an upbeat week for the banking sector and cruise line stocks. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Jan 6, 2022 • 57min

Morning After the "Fed Minutes" Sell-Off, Tech's New Year Tumble, The Crypto Slide and Pres. Biden's Remarks on January 6 One Year After the Capitol Hill Attack.

Carl Quintanilla and Jim Cramer explored how investors should navigate the markets and a slumping tech sector, one day after the minutes from the December Fed meeting sparked a Wall Street sell-off on interest rate fears -- resulting in the Nasdaq's worst day in eleven months. The anchors also discussed what to make of the deepening losses in Bitcoin and other cryptocurrencies. Carl and Jim also reacted to President Biden's speech on the first anniversary of the January 6 Capitol Hill attack. Also in focus: Why Wells Fargo downgraded Target and Dollar General, Netflix gets hit with Wall Street price target cuts, the White House says COVID-19 stimulus talks with lawmakers are ongoing, plus what New York City Mayor Eric Adams told CNBC about how Wall Street should get workers back to the office. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Jan 5, 2022 • 43min

Tech Sector Extends Losses, Growth Stocks' "Shellacking," the White House Doubles Up on Pfizer's COVID Pill and France's Macron Says "Piss Off" the Unvaccinated.

Carl Quintanilla, Jim Cramer and David Faber discussed tech stocks extending losses from Tuesday's sell-off in light of rising rates. David highlighted the "shellacking" growth stocks have taken as of late, including Shopify, business software provider HubSpot, plus Salesforce and Adobe -- UBS cut both stocks from "Buy" to "Neutral." Lots of news surrounding COVID, including the CDC declining to add a negative test result requirement to its updated isolation guidelines, the Biden Administration doubling its order of Pfizer's antiviral pills to treat COVID -- and French President Macron's vow to "piss off" the unvaccinated. As for autos: Ford U.S. auto sales fell in December from a year ago but surged sequentially in Q4 -- and Chrysler said it plans to have an all-electric vehicle lineup by 2028. Also in focus: Allegiant Air orders 50 Boeing 737 Max jets, media stocks' upbeat start to 2022, travel stocks get a lift and shares of Beyond Meat jumps on news that KFC will roll out the company’s fried chicken substitute nationwide starting Monday. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Jan 4, 2022 • 44min

New Market Records Despite Daily COVID Cases at 1M, $3T Apple, Banks Surge, Ford's "Lightning" Strike, and Theranos Founder Holmes Found Guilty of Fraud.

Carl Quintanilla, Jim Cramer and David Faber delved into another historic day for stocks: The Dow and S&P 500 setting fresh all-time highs, despite the news that daily COVID cases in the U.S. shattered records by surpassing one million on Monday. The anchors explored what's ahead for Apple one day after it briefly touched a $3 trillion valuation for the first time. They also discussed why bank stocks are helping to fuel the markets' record run. Ford among the big winners, up sharply after saying it plans to nearly double its annual production target for the "F-150 Lightning" electric pickup truck -- and announcing it would start accepting purchase orders for the vehicle. Theranos founder Elizabeth Holmes found guilty on four counts of fraud. Coverage included a report outside federal court in California, plus anchor reaction to a highlight from Cramer's 2015 interview with Holmes on CNBC. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Jan 3, 2022 • 43min

2022 Market Kick-off, Carl and Jim Back at the NYSE, Omicron Spreads and FDA Approves Pfizer Booster for Kids 12-15, While Tesla Surges on Record Deliveries.

On the first trading day of 2022, Carl Quintanilla, Jim Cramer and David Faber explored what to expect from stocks this year after a bullish 2021. Carl and Jim returned to the NYSE for the first time since testing positive for COVID. The anchors discussed the challenges the country faces as the omicron variant outbreak accelerates – as well as developments including The FDA decision to authorize Pfizer COVID vaccine booster shots for children as young as twelve. Cramer says "I am done begging people to get vaccinated." The big stock story: Tesla shares surge after the company announced record fourth-quarter vehicle deliveries and an 87% jump in 2021 deliveries from a year ago. Also in focus: Wall Street’s bullish calls on the chip sector, AT&T and Verizon reject the FAA's request to delay the launch of 5G services -- and Apple resumes its march toward a $3 trillion market cap. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Jan 3, 2022 • 1h 6min

CNBC SPECIAL: Bob Iger’s Exit Interview

After nearly 50 years at the company, Bob Iger is stepping away from Disney. During his 15-year tenure as its CEO, 10 as its Chairman, Iger led the transformational acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox, launched its Disney Plus streaming platform and helped steer the company through the coronavirus pandemic. After repeatedly pushing off his retirement, Iger now says he has “no regrets” on his decision and timing around stepping down. In this exclusive sit down, CNBC’s David Faber interviews Iger on his experience leading one of the most iconic media companies, the challenges he faced during his tenure, the future of the media business and what his plans are post-Disney. This is the their full conversation from December, 2021. You can watch the full interview on CNBC.com. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Dec 31, 2021 • 44min

Bulls Win Big in 2021, The S&P 500 Tops the Major Indices, Omicron Effect on Travel, EV Stocks Outlook for 2022, and Sen. Sanders vs. Buffett.

On the final trading day of 2021, Scott Wapner, Leslie Picker and Mike Santoli explored what has been a bullish year for the stock markets despite volatility and the pandemic: The S&P 500 up 27%, outperforming the Nasdaq and the Dow. The anchors looked at this year's biggest market drivers and the action surrounding "meme stocks" such as GameStop and AMC. Then there's the effect of the COVID-19 omicron variant on travel, with airlines canceling more than 1,300 flights on Thursday and the CDC warning against cruise ship travel despite vaccination status. Also in focus: The 2022 outlook for EV stocks after a year that saw Tesla join the $1 trillion market cap club and Rivian surpass General Motors and Ford to become the second-most valuable automaker in the U.S., the year’s biggest market losers - Peloton's big slump continues thanks to a Wall Street downgrade, plus: Sen. Bernie Sanders tweet-slams Warren Buffett for not intervening in a Berkshire Hathaway-owned company's labor strike. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Dec 30, 2021 • 43min

Record Closing Highs for the S&P 500: 70 and Counting? Plus: The Omicron Challenge, Micron and Samsung's Lockdown-Related Warnings and Playing Tesla in 2022.

Scott Wapner and Leslie Picker led off with a look at what's ahead for the markets one day after the S&P 500 posted its 70th record closing high of the year. Scott and Leslie also explored how businesses are grappling with the omicron variant as the U.S. and other countries shatter records for daily COVID-19 cases. The anchors reacted to comments Dr. Anthony Fauci made on CNBC about the reduced isolation guidelines. Micron and Samsung have warned that a COVID-19 lockdown in the Chinese city of Xian could impact chip production at their manufacturing plants. Tesla announces a recall of nearly 500,000 electric vehicles, but the stock is still up 50% for the year. Should you buy it in 2022? Also in focus: Billionaire investor Bill Ackman's tweet about "the Omicron scenario I was looking for." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Dec 29, 2021 • 43min

Omicron Tempers the "Santa Claus Rally," Elon Musk Sells More Tesla Shares, the Chip Sector from a CEO's Perspective, and Apple in 2022: Survey Says...

One day after the "Santa Claus Rally" took a breather despite the S&P 500 hitting a new all-time high, Carl Quintanilla, Scott Wapner and Leslie Picker focused on markets trying to shrug off the omicron variant spread -- as cases surge and businesses try to cope with the outbreak without implementing lockdowns. The anchors also discussed Elon Musk's sale of another $1 billion in Tesla shares - moving closer to his goal of divesting his 10% stake in the company. The stock up 40% in three months, while Rivian, Ford and General Motors jockey for second place in the U.S. autos market cap race. Cypress Semiconductor founder and former CEO T.J. Rodgers joined the program to the share his outlook for the chip sector after a strong 2021. Also in focus: What the latest CNBC Stock Survey says about what to expect from Apple in 2022. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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