Squawk on the Street

Carl Quintanilla, Scott Wapner and Leslie Picker discussed another record-setting day for stocks: The "Santa Claus Rally" continues with the S&P 500 hitting a fresh all-time intraday high. This as the omicron variant remains in the spotlight: The CDC cutting isolation time for those with asymptomatic COVID infections, Goldman Sachs reportedly requiring employees returning to the office to get booster shots, and Apple closing its twelve New York City stores to indoor traffic due to the omicron outbreak. Also in focus: Peloton shares down 75% this year -- are they worth buying ahead of the New Year? Plus: a record run for the chip sector, big tech moves from Tesla to Apple, and 2022 buying opportunities in the retail sector. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the first trading day after Christmas, Carl Quintanilla, Scott Wapner and Kayla Tausche discussed why the S&P 500 hit a new record high despite the omicron outbreak, while travel stocks are taking a hit in wake of flight cancellations and the increase in COVID cases on cruise ships. Meantime, Moderna is facing shareholder pressure over the cost of its COVID vaccines. The anchors also explored data indicating the strongest holiday sales jump in 17 years -- and what that means for the economy and retail stocks heading into 2022. Also in focus: China’s Didi blocking investors from selling their shares in the company indefinitely, GoDaddy shares jump after activist investor Starboard takes a 6.5% stake in the company, plus what’s on tap for big tech in 2022 as the group faces regulatory headwinds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the final trading day before Christmas, Carl Quintanilla, Jim Cramer and David Faber focused on stocks aiming for a third straight day of gains, as investors shrug off worries about the omicron variant. Cramer weighs in on the "Santa Claus Rally" and explains why "it's very much an Nvidia market." The anchors discussed the FDA's authorization of Merck and Ridgeback Therapeutics' COVID-19 antiviral pill for emergency use -- one day after Pfizer's version was approved by the agency. Carl, Jim and David also reacted to President Biden's comments to ABC News: He said he doesn't think the shortage of at-home COVID tests is "a failure." Also in focus: Chinese stocks under pressure after Tencent announced it is slashing its stake in JD.com, Nikola shares soar after the EV startup said it completed its first electric vehicle delivery, and David's exclusive interview with Disney's Bob Iger on the future of sports rights. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The morning after stocks recouped losses from Monday's sell-off, Carl Quintanilla, Jim Cramer and David Faber discussed what investors should make of the COVID-19 Omicron outbreak after President Biden outlined his strategy for combating the variant. The anchors stressed the importance of getting the FDA to approve an oral treatment for COVID. Delta's CEO is asking the CDC to reduce its quarantine guidelines for breakthrough cases from ten days to five, while Amazon, T-Mobile and Facebook parent Meta are among the companies pulling out of the 2022 Consumer Electronics Show due to Omicron's spread. The anchors reacted to Former FDA Commissioner Dr. Scott Gottlieb telling CNBC the government has dropped the ball when it comes to making at-home tests available. Carl, Jim and David also discussed Tesla shares rising after Elon Musk said he has "sold enough" to meet his goal of selling ten percent of his stake in the company. The anchors also reacted to Musk continuing to blast Sen. Elizabeth Warren (D-MA): In an interview with news satire website "The Babylon Bee," Musk defended the amount in taxes has he to pay and claimed Warren "hasn't paid taxes, basically, at all." Also in focus: More from David's exclusive "exit interview" with Bob Iger: Disney's outgoing chairman explained what it was like to deal with Ruppert Murdoch and Fox. 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 markets recouping most of their losses from Monday's sell-off, which was sparked by fears about the omicron variant spread. Cramer says December 21 historically marks the start of the "Santa Claus Rally.” Carl makes a surprise announcement: Like Jim, he has tested positive for COVID-19. David Faber had an exclusive and wide-ranging "exit interview" with Disney's Bob Iger, who is stepping down as chairman at the end of the year, following a 15-year run as CEO that ended in 2020. Micron shares topped the Nasdaq 100 in early trading: CEO Sanjay Mehrotra joined the program exclusively to discuss the chipmaker's upbeat quarterly results and guidance -- and why he sees chip shortages easing in 2022. Also in focus: Nike leads the Dow higher on an earnings beat despite supply chain issues, plus a look at how investors should approach pharma/vaccine/test kit stocks as President Biden prepares to outline his strategy for combating the omicron outbreak. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and David Faber took a deep dive into the markets beginning the week in sell-off mode due to fears about the COVID-19 omicron variant spread: Jim says there are still "a lot of good stocks for sale." Cramer also disclosed that he has tested positive for COVID. Hear what Jim had to say about his experience and how he's feeling now. The anchors reacted to the announcement by Sen. Joe Manchin (D-WV) that he is a "No" vote on President Biden's "Build Back Better" legislation. AMC Entertainment Chairman & CEO Adam Aron appeared on the program. He discussed a strong weekend at his theaters despite the omicron spread -- the turnout sparked by the new "Spider-Man" film's blockbuster debut. Aron also spoke about his recent sale of some AMC shares after they soared and became one of the original "meme stocks." Also in focus: Moderna said data show its COVID booster shot shows higher protection against omicron, Oracle confirmed it has agreed to buy Cerner in a $28 billion deal, and David previewed his exclusive with Disney Executive Chairman and former CEO Bob Iger set to air Tuesday. 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 the worst sell-off for the tech sector since September, Carl Quintanilla, David Faber and Morgan Brennan focused on a volatile Friday for stocks as fears about rising rates and the COVID omicron variant spread take center stage. Shares of EV startup Rivian hit hard after the newly public company posted a quarterly loss and warned it would miss its 2021 production target. Shares of General Motors fell after it announced that the CEO of its "Cruise" autonomous driving unit is leaving the company. Also in focus: FedEx jumps on a quarterly earnings beat and a $5 billion stock buyback, The Consumer Financial Protection Bureau's inquiry into "buy now, pay later" firms including Affirm, sources say Oracle is in talks to buy infotech company Cerner, and the CDC recommends that adults receive the Pfizer and Moderna COVID vaccines rather than the Johnson & Johnson shot. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The morning after a Fed-fueled rally, Carl Quintanilla and Jim Cramer explored the decision by Fed Chair Powell and his fellow policymakers to ramp up tapering – while indicating they might raise interest rates three times by the end of 2022. How should future rate hikes and the omicron variant outbreak fit into your investment strategy? The CDC has warned of a 55% surge in weekly COVID cases by Christmas Day, while Apple said it is delaying employees' return to the office to a date "yet to be determined." McDonald's reached a lawsuit settlement with its former CEO Steve Easterbrook, who had been fired for misconduct. Easterbrook paid back compensation valued at $105 million. Also in focus: Adobe and Lennar fall on earnings while Delta projects a surprise Q4 profit, a big list of Wall Street upgrades and downgrades, and the latest on Ford, Rivian and the EV wars. 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 November retail sales data which came in well below economists' expectations, setting the stage for Wednesday's key Fed decision: With inflation in the mix, how much of a policy shift can investors expect? The anchors also discussed a spat between Sen. Elizabeth Warren and Elon Musk: In a tweet, Warren accused him of "freeloading" when it comes to paying taxes, Musk fired back at the senator with tweets of his own. Worries about COVID in the spotlight as cases rise and the CDC warns of a spike in infections due to the omicron variant . Will we see more shutdowns -- and is it a crisis of the unvaccinated? Also in focus: Eli Lilly shares higher on upbeat guidance, reaction to Wall Street firms' top picks for 2022, and find out why Cramer was hugging Faber. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and David Faber led off the show with market reaction to the latest inflation data: The Producer Price Index shows wholesale prices surged in November, up 9.6% year-over-year. This as the Fed kicks off its final two-day policy meeting of 2021. Cramer explained why he believes "we have a Fed that is in trouble" and what that could mean for investors. Jim and David explored what has been a rough December for "meme stocks" such as AMC and GameStop. The anchors also discussed Elon Musk selling more shares of Tesla -- the company's market cap has fallen below $1-trillion. Pfizer announced that a final study of its antiviral COVID-19 pill showed it to be 89% effective in preventing hospitalizations and deaths in high-risk patients. Pfizer also said the drug appears to be effective against the omicron variant. Also in focus: 3M's food safety unit deal and why Morgan Stanley sees 2022 as "a critical year" for Disney. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.