Squawk on the Street

Carl Quintanilla, Melissa Lee and David Faber discussed the latest headlines on another busy morning of results out of McDonald’s, Pfizer, Ford and more – plus, the playbook for Alphabet results after the bell today. Also in focus: a read from ground at the FII’s 8th annual conference - aka ‘Davos in the Desert’ – on the heels of a blockbuster panel from our Sara Eisen with 12 of the world’s biggest financial CEOs (Goldman’s Solomon and Citi’s Fraser among them), plus a deep dive on the sector with the street’s #1 analyst in the space.  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.

Carl Quintanilla, Jim Cramer and David Faber led off the show with results from Dow components McDonald's and Pfizer. The anchors reacted to what McDonald's CEO had to say on the company’s earnings call about the E. coli outbreak. They also discussed what's ahead for Pfizer on the activist front. The U.S. election in focus as China reportedly considers issuance of $1.4 trillion in extra debt. Also in the mix: Earnings winners and losers as Ford slumps on guidance, Trump Media shares have more than tripled month-to-date, Boeing share sale raises $21 billion. 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.

Jim and Jeff express their disappointment in a major tech giant, specifically discussing concerns surrounding its earnings and legal troubles. They analyze how consumer hesitations impact upgrade decisions amidst AI advancements. The duo also explores how fluctuating oil prices can affect consumer stocks, particularly Amazon, and the broader market landscape. They highlight the complex relationship between fuel costs, logistics, and spending, providing insights into investment strategy risks.

Mike Santoli, CNBC senior markets commentator, shares insights into market trends. Sam Stovall discusses earnings expectations for major tech firms like Apple and the potential super cycle due to new iPhone sales. Dan Ives focuses on Apple's gradual rollout of AI features, while Phil LeBeau updates on Boeing's financial struggles and ongoing strike. Seema Modi and Stacey Raskon analyze the semiconductor industry’s ties to the upcoming election, highlighting the effects on stocks like NVIDIA.

The Nasdaq is riding a seven-week win streak as earnings season heats up. Boeing announced a massive $19 billion capital raise to address safety concerns and strikes. Trump Media's stock surged after a rally featuring Elon Musk's bold budget proposal. Oil prices have plummeted, while Delta faces legal challenges from CrowdStrike. McDonald's is back in action with the Quarter Pounder now safe to sell post-E. coli investigation. Plus, insights on Home Depot's impressive post-IPO returns add to the market buzz.

David Zervos, Chief Market Strategist at Jefferies, analyzes the surge in Nasdaq and Tesla's impressive stock performance, stressing the implications for investor sentiment. Brian Ronholm discusses pressing food safety concerns linked to an E. coli outbreak, while Steve Leisman and Brian Sullivan delve into consumer sentiments regarding election outcomes. Robert Frank provides insights on how luxury brands face challenges after a merger blockage, illustrating the shifting dynamics in both the economy and the market landscape.

Tesla's stock skyrockets, propelling Elon Musk back to the top of the wealth chart. Meanwhile, a federal judge blocks the merger between Tapestry and Capri Holdings, shaking up the luxury market. Apple receives an unusual downgrade, raising eyebrows among investors. There’s buzz around Waymo securing $5.6 billion for autonomous vehicles, setting the stage for a technology showdown. Humor and sharp insights pepper the discussion, keeping the financial fever pitch lively and engaging.

In this engaging discussion, Bill McDermott, Chairman and CEO of ServiceNow, elaborates on their strong earnings and ambitious AI projects. Elon Musk shares insights on Tesla's better-than-expected profits, while analysts Colin Lang and Tom Moran dissect the company’s performance and growth prospects. CNBC reporters Phil LeBeau and Steve Leisman provide updates on the airline industry and survey findings, revealing the impact of 'election uncertainty' on consumers and markets. The conversation is a compelling blend of corporate strategy and economic insights.

Carl Quintanilla, Jim Cramer and David Faber led off the show with a unique focus on energy, featuring Jim in the Gulf of Mexico on Chevron's "Anchor" platform. The company's CEO Mike Wirth made a cameo appearance ahead of Cramer's interview with him Thursday night on "Mad Money." The anchors engaged in a wide-ranging discussion about Tesla shares surging on Q3 results and CEO Elon Musk's vehicle sales forecast. Southwest Airlines CEO Bob Jordan joined the program exclusively. He discussed the company's agreement with activist investor Elliott to add six directors to the carrier's board. Also in focus: Boeing's machinists union votes to reject the jet maker's latest contract offer, earnings winners and losers. 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.

Jim and Jeff dive into Starbucks' disappointing earnings and the challenges of declining sales and customer traffic. They examine the new CEO's transitional phase and its potential impact on recovery. The discussion highlights strategic updates under new leadership, emphasizing operational simplification and enhanced customer service. They also touch on the company's commitment to sustainable growth, increasing dividends, and the introduction of a new chief brand officer, painting a picture of hopeful recovery in a fluctuating market.