Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber discussed the markets kicking off a new week in sell-off mode. The anchors reacted to President Trump attacking Jerome Powell in a new Truth Social post and calling the Fed Chair a "loser" for not cutting interest rates. Tariff uncertainty and recessions fears also weighing on investor sentiment and sending the U.S. dollar to three-year lows. Also in focus: Pope Francis dies at 88,  Netflix rises on earnings, "Faber Report" on Elon Musk and xAI investors, analyst calls on Tesla, Disney and Salesforce. Squawk on the Street Disclaimer  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

This discussion highlights Eli Lilly's impressive stock surge and the increasing patient preference for oral medications over injections. The promising results of their phase three trial for an oral diabetes treatment are a key focus, emphasizing its potential for regulatory approval and market success. Additionally, the conversation navigates the effects of clinical trial outcomes on stock performance and the challenges posed by tariffs in the pharmaceutical sector, shedding light on the commitment to innovative healthcare solutions.

UnitedHealth faces a significant stock plunge after disappointing earnings and guidance revisions, impacting the Dow negatively. In contrast, Eli Lilly celebrates a surge thanks to successful trial results for its experimental weight-loss pill. The discussion heats up as President Trump criticizes Jerome Powell, urging for swift changes in leadership at the Federal Reserve. Also, insights into Nvidia's operations in China and a positive earnings report from Taiwan Semiconductor highlight tech trends amidst market volatility.

Stocks are feeling the pressure as Nvidia grapples with a hefty $5.5 billion charge from export restrictions, alongside AMD facing an $800 million loss. The podcast dives into the turbulent U.S.-China trade dynamics and the impact of tariffs on semiconductor stocks. United Airlines shares insights on consumer behavior amidst rising oil prices, while retail sales data creates waves of uncertainty. Additionally, listeners get a glimpse into the ongoing antitrust case against Meta, with legal challenges shaking up the market.

The tech sector faces turmoil as Nvidia and AMD's stocks slide due to new U.S. export restrictions on chip sales to China. The hosts dissect the implications for investors and the semiconductor industry amid escalating geopolitical tensions. Positive retail sales data suggests a stronger economy, while the ongoing U.S.-China trade war looms large. They also touch on market strategies and the performance of airlines and retail giants like Costco and Target in a shifting economic landscape.

Brian Moynihan, Chairman and CEO of Bank of America, dives into the current financial landscape following his company’s quarterly results. He discusses the positive performance of U.S. equities and the ramifications of rising Treasury yields on investors. Moynihan also highlights the challenges ahead for Boeing amid trade tensions and tariffs. The dialogue examines how companies are adapting to economic uncertainty and the cautious sentiment amongst consumers, all while providing strategic insights for navigating this volatile market.

Investors are feeling the lowest growth sentiment in three decades as markets fluctuate. The U.S.-China trade war intensifies, with looming tariffs on tech and pharma impacting key players. Boeing faces significant challenges as China halts jet deliveries, threatening its market position. Meanwhile, Bank of America and Citi shine with impressive earnings, revealing resilience in the banking sector amid economic concerns. The discussion also highlights Netflix's ambitious financial goals and the luxury struggles for LVMH.

Jim and Jeff dive into the evolving market for Apple and NVIDIA, discussing how tariff exemptions are influencing investor sentiments. They share insights on the cautious optimism around tech stocks and the complexities of current market dynamics. Strategic trading approaches for both giants are highlighted, emphasizing the importance of making informed decisions in today's volatile financial landscape. Tune in for a blend of market insights and investment strategies!

Jim O'Neill, former U.K. Treasury Minister and ex-Chairman of Goldman Sachs Asset Management, teams up with Roger Altman, Evercore founder and ex-deputy Treasury secretary, to dissect current economic trends. They discuss unfolding tariff exemptions on electronics and their repercussions for major tech players like Apple and NVIDIA. The duo also delves into Meta’s antitrust battle and its implications for Big Tech, while analyzing the precarious state of the dollar and banking sector amid looming recession fears.