Squawk on the Street

After the S&P 500 posted a record closing high on Friday, David Faber and Jim Cramer took a closer look at Apple: The tech giant within striking distance of hitting a $3-trillion valuation. The anchors explored a note from Goldman Sachs which says Apple, Microsoft, Nvidia, Alphabet and Tesla account for 51% of returns since April. What does this mean for investors? On the electric vehicle front: Time magazine names Elon Musk its "Person of the Year for" for 2021 -- and shares of Harley-Davidson surge on news it is taking its EV unit public via a SPAC. David and Jim also discussed Peloton firing back at its portrayal on HBO Max's "Sex and the City" reboot, which implied that its fitness equipment could lead to health complications. Peloton out with a parody ad, essentially saying that’s not true. Also in focus: Pfizer in the spotlight on a COVID booster shot study and M&A, a death in the UK from the omicron variant, Disney shares fall after "West Side Story" disappoints at the box office, and Dollar Tree vs. activists. 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 kicked off the program with market reaction to inflation data showing November's Consumer Price Index rose to highs not seen since 1982. What does this mean for the Fed? The anchors reacted to comments Costco's CFO made on his company's earnings call about the supply chain and its impact on Christmas. Oracle a big topic of discussion: The stock up double-digits on strong quarterly results and chairman Larry Ellison took a veiled swipe at cloud rival Amazon Web Services on his company's earnings call. Also in focus: SEC Chair Gary Gensler's online video comments about SPACs and protecting investors, a look back at Jim Cramer's special "CNBC Investing Club" digital event -- including what Ford CEO Jim Farley told him about demand for its electric vehicles, Broadcom jumps on earnings, AMC executives sell more shares and Peloton's slump continues after a Wall Street downgrade. 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 the road ahead for shares of Apple as it marches toward a $3-trillion market valuation. They also reacted to what ARK Invest CEO Cathie Wood told CNBC about the "innovation stocks" in her ETFs. Wood said "we are nowhere near a bubble." GameStop drops on a wider loss from a year ago and disclosure of an SEC subpoena, but the "meme stock" still up more than 750-percent in 2021. Jim interviewed Southwest Airlines Chairman & CEO Gary Kelly and incoming CEO Robert Jordan after the carrier's investor day. They discussed travel demand amid the pandemic, ESG commitments, and Southwest's game plan for growth once Kelly passes the torch to Jordan. Also in focus: RH shares surge on earnings while its CEO calls supply chains "the worst we've ever seen," plus a "Faber Report" on the 2022 outlook for broadband and cable companies that have seen their stocks slump this year. 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 the best day for both the S&P 500 and Nasdaq since March, Carl Quintanilla, Jim Cramer and David Faber led off the show with news out of Pfizer and BioNTech: Data shows their COVID-19 vaccine neutralized the omicron variant with three shots. The anchors discussed market moves on that news and reacted to what Pfizer CEO Albert Bourla told CNBC about prospects for an omicron variant vaccine. Apple shares hit a new record high despite a report stating that iPhone 13 production was weaker-than-expected in September and October. Carl, Jim and David explored developments in the EV space: Barclays' note stating Rivian's deposit count lags those of Tesla and Ford, one Wall Street firm gives Tesla a $1580 price target and Ford CEO Jim Farley told CNBC how bullish he is about demand for the company's EVs. Also in focus: Stitch Fix tumbles more than 25%, Southwest's booking guidance, Roku rallies, a rough 2021 for broadband and wireless stocks, and Facebook parent "Meta" allows workers to delay their return to the office in wake of the pandemic. 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 markets extending yesterday’s rally, with the Dow coming off its best performance in 9 months. Among the leaders was Apple, notching a new record-high as Morgan Stanley analyst Katy Huberty boosted her price target to $200. Another big mover in the tech sector was Intel, after announcing plans to take its self-driving car unit Mobileye public in the U.S. next year. The anchors spoke exclusively with Intel CEO Pat Gelsinger, with the new company targeting an IPO valuation upwards of $50 billion. Also in the mix: American Airlines CEO Doug Parker announced he will retire next March, after more than 20 years at the helm. He will be succeeded by the carrier’s president, Robert Isom. 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 and Jim Cramer began the show with a look at the EV space heating up, as Morgan Stanley analyst Adam Jonas called Rivian “‘the one that can challenge Tesla.” Separately, Tesla shares were under pressure as the SEC opened an investigation into the company after a whistleblower disclosed solar panel defects. The anchors also hit Bitcoin’s brutal weekend, after dropping 17% from Friday night into Saturday morning, with the cryptocurrency now below $50K. Also in the mix: CNBC launched a new index, the “CNBC Next Generation 50,” which tracks stocks younger consumers and investors are most interested in. Some names in the group include Apple, Chewy, Etsy, Lyft, Moderna and Zoom Video. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Wrapping up a volatile week for stocks, Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to the November jobs report, which showed non-farm payrolls up by a lower-than-expected 210,000 but the unemployment rate fell and the labor participation rate edged higher. The anchors interviewed Commerce Secretary Gina Raimondo about White House reaction to the jobs report and President Biden’s strategy for battling the COVID-19 omicron variant. Chip sector news also in the spotlight: The Federal Trade Commission said it is suing to block Nvidia’s planned $40B deal to acquire chip designer Arm from Softbank, while shares of Marvell Technology soared on quarterly results. On the flip side, stay-at-home stock darling DocuSign plunged more than 30-percent on a Q3 loss and weaker-than-expected guidance. The anchors reacted to this mea culpa from CEO Dan Springer: “We weren’t ready. We weren’t executing.” 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 the market volatility one day after stocks sold off on news of the first confirmed U.S. case of the COVID-19 omicron variant. Stocks surged to begin Thursday's trading but will the rally hold unlike Wednesday's action? Cramer discussed why he thinks the market is oversold and what investors should buy now. The anchors also reacted to a sharp decline in shares of Apple on a published report that says the company has warned suppliers that demand for its iPhone 13 lineup has weakened. On the flip side, Boeing shares jumped after China set a directive for resumption of 737 MAX flights. Also in focus: Ford U.S. vehicle sales rose in November as EV sales more than doubled, why one Wall Street analyst prefers General Motors to Ford, and J.P. Morgan's take on omicron: What if the variant ends up being positive for risk? 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 of December, Carl Quintanilla, Jim Cramer and David Faber discussed the rebound in stocks after Tuesday's sell-off was sparked by COVID and inflation fears. In a CNBC Exclusive, David Faber interviewed Exxon Mobil Chairman & CEO Darren Woods about the company's capital spending plan. The energy giant says it expects to double earnings and cash flow by 2027 from 2019's levels -- while also reducing emissions. The anchors reacted to shares of Salesforce declining sharply as guidance overshadowed better-than-expected quarterly results. The company also promoted Bret Taylor to the role of Co-CEO alongside Marc Benioff -- this after Taylor was named chairman of Twitter earlier in the week. Also in focus: Merck's oral COVID-19 treatment was narrowly endorsed by an FDA panel, EV stocks join the rally, plus Phil LeBeau's interview with the CEO of GE Aviation. 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 market recouped some of its losses from Friday's big sell-off, Carl Quintanilla, Jim Cramer and David Faber focused on a rough start for stocks as worries about the COVID-19 omicron variant resurface: Moderna's CEO predicts existing vaccines will be less effective against omicron, while Regeneron's CEO says the same about its COVID antibody cocktail. The anchors discussed how investors can navigate the volatility. Carl, Jim and David also discussed what to expect from Fed Chair Powell and Treasury Secretary Yellen's testimony on the economy and COVID before the Senate Banking Committee. Also in focus: The stocks that are bucking the downtrend, the road ahead for Twitter with Parag Agrawal replacing Jack Dorsey as CEO, Walmart’s Doug McMillion expressed optimism about supply chain improvements – while Tesla’s Elon Musk tweeted that this year's "supply chain nightmare" is not over. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.