Squawk on the Street

One day after stocks kicked off September in sell-off mode, Carl Quintanilla and Jim Cramer explored how investors should navigate this market now. The anchors drilled down on what's ahead for Nvidia. The chipmaker lost $279 billion in market cap on Tuesday -- and reportedly received a subpoena from the Justice Department in relation to an AI antitrust probe. Also in focus: "Red" chips, Dollar Tree tumbles on a Q2 miss and cites "immense pressures" on consumers, why strategist Ed Yardeni remains bullish on the market, earnings bright spots. 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.

The show kicks off by analyzing the current financial landscape, spotlighting upcoming employment data and expected volatility. There's a deep dive into the complexities of the investment environment, highlighting opportunities in generative AI and challenges in the supply chain. Discussions about US Steel and Cleveland Cliffs reveal regulatory tensions. Boeing faces scrutiny after a stock downgrade, while the wine and spirits market shows troubling trends. Streaming sports revolutionizes broadcasting, and concerns loom over Chinese stocks and consumer behavior shifts.

Jeff Marks, a key analyst alongside Jim Cramer, dives deep into the world of semiconductor stocks facing recent declines. They examine the struggles of giants like Nvidia and Micron, offering insights on historical trends and current market pressures. Discussion shifts to smart investment strategies, including buying opportunities during market dips. Marks highlights the impact of economic conditions on stock choices, emphasizing the importance of staying informed in a volatile financial landscape.

Wharton Professor Jeremy Siegel, a renowned expert in finance and economics, joins the discussion on the final trading day of August. They dive into the implications of steady PCE inflation data and the potential for a Fed rate cut. The conversation shifts to the booming AI sector, detailing significant moves by Dell, Marvell, Apple, and Nvidia, particularly their talks regarding OpenAI. Finally, they analyze August's market winners and losers, highlighting trends in tech and retail amidst a recovering market.

In this discussion, Jeff Marks, an insightful analyst known for his keen market observations, joins Jim to analyze Nvidia's recent stock slump. They unpack the surprising drop in Nvidia's shares despite a favorable earnings report, highlighting a shift in investor confidence. The pair also delve into Nvidia's financial performance and the promising future of its GPU production, especially with the anticipated launch of new Blackwell products. They emphasize the importance of adapting investment strategies in response to market fluctuations.

Nvidia's stock took a nosedive despite exceeding earnings expectations, revealing investor hesitation regarding the AI boom's future. Meanwhile, Salesforce thrived with better-than-expected results and an optimistic outlook. Apple saw a boost fueled by favorable Wall Street calls and reports on iPhone orders. Retail tales unfolded with Dollar General's significant decline contrasted by Best Buy's impressive surge. Insights into corporate strategies and competition highlight the evolving dynamics within tech and retail sectors.

Marc Benioff, CEO of Salesforce, discusses the impact of AI on operational efficiency and subscription models. Warren Buffett opens up about Berkshire Hathaway's strategy as it hits a $1 trillion valuation while selling off some Bank of America shares. The conversation digs into Nvidia's upcoming earnings report, exploring its potential in robotics and competitive market positioning. They also address Super Micro's sharp decline following a delayed filing, along with insights on retail earnings amidst rising interest rates.

Explore the uproar caused by Apple's CFO shake-up and its implications for the tech giant's future. Understand how leadership changes can influence market reactions and company success. Anticipate Apple's upcoming AI features and their expected impact in early 2025. The discussion also touches on the challenges of balancing busy schedules, with a humorous nod to the convenience of a Keurig Brewer. Financial markets are buzzing, and Apple's stock might just be at the center of it all!

In this discussion, Luca Maestri, Apple's longtime CFO, shares insights ahead of his departure, focusing on the upcoming iPhone event and the implications for corporate finance strategies. Edgar Bronfman Jr. reveals the challenges faced in his recent bid for Paramount, further influencing media investments. The conversation touches on Eli Lilly's strategic move to lower the cost of its weight loss drug, aiming to increase access while navigating supply constraints. Together, they explore the intersection of tech, finance, and media.

Concerns loom over Nvidia's upcoming earnings, sparking discussions on market stability. The impact of declining 10-year yields on tech stocks is dissected, contrasting Nvidia with thriving sectors like housing and solar. Optimism for Nvidia's sales meets skepticism as analysts weigh its performance. The conversation also highlights Apple's resilience in the tech landscape. Dive in as market dynamics shift and the analysts provide insights on what’s next for investors.