Squawk on the Street

David Kostin, Goldman Sachs' chief U.S. equity strategist, shares insights on the market's recent downturn, highlighting a raised recession risk and lowered S&P target. Willie Walker, CEO of Walker & Dunlop, discusses the implications of Fannie Mae and Freddie Mac's potential privatization on the housing market. The conversation also touches on the forthcoming ‘Liberation Day’ tariffs, the struggles of the airline sector, and how AI is transforming the insurance industry.

As the stock market braces for changes in Q2, experts delve into strategies for navigating economic uncertainties. Jim Cramer passionately defends Nvidia against bearish attacks while discussing the legal turmoil surrounding Johnson & Johnson's talc lawsuits. A surprise appearance by Walton Goggins adds a dash of pop culture, alongside insights into Ford's electric vehicle sales and the shifting dynamics in the tech sector. Expect witty banter and sharp analysis as economic trends intertwine with corporate highlights.

Jay Foreman, CEO of Basic Fun Toys, shares insights on how rising tariffs impact toy prices and consumer spending, spotlighting Tonka trucks' price hikes. He discusses the industry's push for zero tariffs and the challenges of domestic manufacturing amidst regulatory uncertainty. The conversation delves into broader economic issues, including the tech sector's struggles and fluctuating market trends, providing a vital perspective on how external pressures are reshaping the toy industry and the economy.

As the market wraps up March, concerns about a potential sell-off loom, especially with impending tariff announcements. Elon Musk faces challenges as Tesla's stock slides amid protests, while his AI ventures stir both excitement and skepticism. BlackRock's CEO pushes for better access to private markets, hinting at shifts in investment strategies. The hosts dissect tech trends and recent IPO performances, revealing a mixed bag of opportunities amidst economic uncertainties. A compelling comparison of Google and Kodak highlights changing consumer behaviors.

Jim Cramer dives into the turbulence of the current market, shedding light on how recent auto tariffs are influencing pricing strategies for automakers. The discussion highlights ongoing inflation and its varied impacts on the global economy. Retailers face challenges too, with anticipated IPOs hinting at potential market trends. As uncertainties loom, the need for strategic trading becomes crucial for investors navigating these financial waters.

David Snyderman, Senior Managing Partner at Magnetar and a leading investor in CoreWeave, shares insights on the company's highly anticipated IPO, which marks a significant moment in tech offerings. He discusses the strategic shift from Bitcoin mining to AI computing and what it means for market stability. The conversation also dives into Lululemon’s concerning consumer warning, and the tension between President Trump and major law firms, highlighting the potential risks for corporate America amid shifting political winds.

The hosts tackle inflation with February's Core PCE rising unexpectedly. They discuss President Trump's warning to automakers against price hikes due to tariffs. CoreWeave's IPO is a surprise, pricing below expectations, while Lululemon faces challenges with weak sales guidance. There's also a look at the shifting landscape for tech, driven by AI demand, and the competitive retail dynamics impacting companies like Lululemon and Target. Plus, insights on the evolving U.S. automotive market and corporate accountability.

The discussion dives into the recent auto tariffs and how they are shaking up the market. Cramer highlights the NASDAQ's struggles compared to the Dow's stability, hinting at investment opportunities, especially with an upcoming IPO. The complexities of the tariffs are unpacked, revealing potential car price hikes and the tug-of-war between protecting U.S. jobs and keeping consumer prices low. There's also a look at how tariff revenues could influence tax cuts, making for a thought-provoking dialogue on economic strategies.

Jeff Blau, CEO of Related Companies and a major player in real estate development, discusses his company's shift to data centers to meet AI demands. He shares insights on raising up to $8B for these investments, including the upcoming IPO of CoreWeave and its market implications. Jonny Fine from Goldman Sachs offers a counterpoint, analyzing resilient credit markets amidst looming tariffs and economic uncertainties. Their conversation dives into the intersection of technology, investment, and the potential impacts of new tariffs on various sectors.

The podcast dives into President Trump's hefty tariffs on foreign vehicles and their heavy impact on automakers. Tesla shines amidst the turmoil, while the auto industry's dependence on overseas parts is dissected. AI takes center stage as CoreWeave prepares for an IPO, raising questions about revenue potentials and market challenges. Microsoft's data center capacity cuts are analyzed alongside rising demand from tech giants. Lastly, discuss concerns over national debt and personal investment strategies, including a focus on Bitcoin and gold.