Squawk on the Street

Cramer highlights Dick's Sporting Goods as a compelling buy now that inventory issues are being resolved. He emphasizes the strong leadership under Ed Stack and Lauren Hobart, boosting confidence in the company's turnaround. The discussion touches on how Foot Locker's inventory problems are impacting margins, while Nike remains unaffected. Cramer also reviews the chances of Fed rate cuts and advocates for clearer communication from the Federal Reserve.

Carl Quintanilla, Sara Eisen, and David Faber began the hour with fresh data and earnings commentary around the health of the consumer - before diving into the AI trade with a focus on Google. Hear one AI expert's take on the state of play - and who's winning the war so far. Plus: the Executive Chairman of Dick's Sporting Goods joined the team to breakdown earnings from the name - and a decision to close some Footlocker stores.  Also in focus: the TSA projecting a record breaking Thanksgiving travel week - the team sat down with the CEO of newly listed AeroMexico to talk demand, along with any possible shutdown hangover for the airlines.  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 drilled down on the AI trade: Alphabet on the cusp of hitting a $4 trillion market cap for the first time — with Meta shares also moving higher. The parent of Facebook is reportedly considering using Google AI chips in its data centers. Nvidia shares fell sharply on that report. Hear what Cramer said about selling the stock now. Also in focus: What Treasury Secretary Scott Bessent told CNBC about the Fed, what's extending Oracle's stock slump, Kohl's soars as part of a retail earnings parade, reaction to September inflation and retail sales data released after being delayed due to the government shutdown.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 Cramer discusses Eli Lilly's promising future, predicting a market far larger than expected. Despite disappointing news from Novo Nordisk's Alzheimer's trial, Lilly's unique focus on liver disease and hypertension keeps it strong. Analyst optimism surrounds Lilly's upcoming Orphoglipron launch, contributing to rising price targets. Notably, Lilly has reached a trillion-dollar market cap, marking a historic milestone for healthcare companies. Tune in for insights that could shape your investment strategies!

Former U.S. Treasury Secretary Jack Lew joins the conversation, sharing his insights on the volatile economic landscape. He highlights how tariffs and federal deficits may elevate consumer prices. Lew discusses the broader implications of potential government shutdowns on lower-income Americans and emphasizes the importance of stable policy amidst geopolitical challenges. The talk also touches on Elon Musk's AI chip ambitions and Alphabet's record-breaking stock performance, reflecting on how these tech movements intersect with economic trends.

The hosts dive deep into the latest AI trends, focusing on Nvidia and the rise of Gemini 3. They discuss Treasury hints on healthcare announcements and the impact on companies like Lilly and Novo Nordisk. A fascinating debate unfolds over the potential dominance of one hyperscaler in AI and its ripple effects. Alphabet's impressive surge captures attention, while discussions on Amazon's retail strength and AWS momentum highlight market shifts. Finally, the chip race, featuring Broadcom and Nvidia's strategies concerning China, showcases the competitive landscape.

John Malone, the Chairman emeritus of Liberty Media and a pioneering media investor, delves into his illustrious career and industry insights. He discusses antitrust challenges in media, particularly around streaming services, and shares his thoughts on the implications of recent merger attempts. Malone also reflects on his strategic decisions involving companies like Formula One and Discovery, emphasizing the importance of maintaining control over assets. Additionally, he advocates for new tech regulations to foster innovation while cautioning against the influence of big tech.

Jim Cramer emphasizes the importance of dividend-paying stocks like Procter & Gamble ahead of anticipated Fed rate cuts. He discusses the strategy of selling high-flying winners while exploring opportunities in beaten-down stocks. The conversation also touches on the link between commodity weakness and improved U.S.-China relations, signaling a potential uptick in demand for soybeans and aerospace. Additionally, Cramer has his eye on Boeing and NVIDIA as indicators for market bottoms.

Eric Johnston, Chief Equity and Macro Strategist at Cantor Fitzgerald, shares insights on the macro outlook and discusses how market de-risking could signal a year-end rally. Tech analyst Brent Thill from Jefferies highlights Google's competitive edge with AI and why it can outperform its peers. Matt Hogan, CIO at Bitwise, analyzes Bitcoin's recent sell-off and argues for institutional demand supporting a potential bottom. Also, Bill Nygren from Harris Oakmark reveals value stock picks that could provide significant returns as the market evolves.

Market volatility takes center stage as AI jitters trigger a sell-off, even after Nvidia's strong quarter. Bitcoin struggles, dipping below $82,000, setting a harsh tone for crypto. Eli Lilly celebrates a monumental $1 trillion market cap, marking a major milestone. Meanwhile, the potential for an interest rate cut gains attention after optimistic comments from the New York Fed. The hosts also delve into competitive AI landscapes and bids for Warner Bros. Discovery, highlighting the shifting tides in tech and entertainment.