Squawk on the Street

Tom Farley, CEO of crypto trading platform Bullish and former NYSE President, dives into Bitcoin's volatility and the increasing institutional adoption of cryptocurrency. Bart Mellick, Global Head of Commodity Strategy at TD Securities, shares insights on the 2026 outlook for gold, platinum, and palladium, arguing for better bets in metals. Seema Modi delivers the latest global headlines, touching on geopolitical developments. Together, the guests explore the intersection of AI advancements with the cryptocurrency and commodities markets.

Jim Cramer emphasizes the urgency for investors to consider a prominent social media giant in today's market. He highlights OpenAI's recent 'code red' due to competitive pressures, positioning Meta as a key rival. Cramer discusses Zuckerberg's innovative plans for automated ad campaigns, showcasing the cost benefits of digital advertising. He also contrasts advertising approaches between platforms, urging consumer packaged goods companies to lean towards Meta's expansive reach over traditional TV ads.

Stocks are bouncing back and Bitcoin sees a rally after a rough patch. Jim Cramer analyzes the risks tied to MicroStrategy, questioning its identity as a business versus a Bitcoin storage facility. Sam Altman's 'code red' for OpenAI highlights fierce competition from Google. Meanwhile, Apple is making strategic AI hires, and Ford grapples with a slowdown in new car sales. Nvidia’s stock is soaring due to strong demand for its GPUs, further entwining AI dynamics with market fluctuations.

Jim Cramer emphasizes the influence of Bitcoin on market speculation, warning of potential risks. The discussion shifts to the recent rally in the S&P and a natural dip, with insights on Home Depot's recovery linked to a more accommodating Fed. Rate cut odds for the upcoming December FOMC meeting are examined, adding to the market's strategic considerations. Tune in for Cramer’s candid thoughts on the latest investing landscape.

Joining the discussion are Lori Calvacina, Head of U.S. Equity Research at RBC, and Oliver Chen, a top retail analyst at Cowan. Lori breaks down RBC's four tiers of market sentiment, explores the implications of Bitcoin's volatility, and identifies sector trends for a constructive market outlook. Meanwhile, Oliver provides insights on the holiday retail landscape, discussing which retailers are thriving or struggling, along with the effects of inventory control and promotional strategies.

In a captivating discussion, Jensen Huang, the visionary CEO of NVIDIA, and Sassine Ghazi, CEO of Synopsys, delve into the transformative NVIDIA-Synopsys partnership, highlighting the shift to GPU-accelerated computing. They explore complex AI messaging and the longer adoption timelines for industrial AI, while also discussing the growing demand in China. From reimagining engineering workflows with digital twins to bridging B2B and consumer AI, they paint a picture of a rapidly evolving market landscape brimming with opportunities.

Ray Washburne, Chairman of Sunoco, shares insights on luxury retail performance and consumer behavior this Black Friday. He notes strong demand and double-digit gains in luxury centers, alongside stable gasoline and growing diesel volumes. Christina Partsinevelis, a CNBC reporter, highlights a significant CME outage caused by data-center cooling issues, stressing the risks of relying on third-party infrastructure. Together, they explore trends in retail, dining, and how tariffs are impacting consumer prices.

The podcast kicks off with a discussion on the recent halt in stock futures trading due to a data-center cooling failure. November's market volatility and the effects of AI trading are also explored. Highlights include forecasts for a record Black Friday, the strong performance of key retailers, and patterns in consumer behavior. Attention is given to Oracle’s financial situation, Bitcoin's performance, and the ongoing healthcare rally. Lastly, Apple’s holiday strategy is examined alongside concerns about supply constraints and AI integration into their products.

Mohamed El-Erian, Chief Economic Adviser at Allianz, discusses the volatility in Fed policies and the economic ramifications of AI and rising debt. Mark Zandi, Chief Economist at Moody's, addresses America’s affordability crisis and suggests reforms like tariff rollbacks and immigration adjustments to ease economic pressure. Mark Mahaney, Head of Internet Research at Evercore, highlights strong fundamentals for tech giants like Alphabet and Amazon, analyzing AI's role in their market positions. Insights on the AI job market from a recent MIT study further enrich the conversation.

On the brink of Thanksgiving, the AI landscape takes the spotlight with Alphabet edging towards a staggering $4 trillion valuation while Nvidia struggles. A report suggests OpenAI may need $207 billion in funding by 2030. Dell's forecast shines as they raise AI server shipment expectations despite mixed earnings. The holiday travel rush peaks, with airlines bouncing back, while Deere’s cautious outlook raises eyebrows. There's buzz around how AI is revolutionizing holiday shopping, potentially transforming consumer habits and driving a massive increase in sales.