Squawk on the Street

Discover the latest in economic shifts, from reskilling for job transitions to the financial fallout of a disappointing jobs report. Dive into the recent turbulence in the tech sector, where stocks of giants like Apple and Amazon fluctuate amid mixed earnings. Explore the semiconductor industry's struggles, especially a leading chip firm navigating fierce competition. Unpack the impact of global market downturns on advertising and scrutinize the oil market's response to Middle Eastern tensions. Stay informed on strategic investment insights and market dynamics!

Jim and Jeff dive into a recent earnings report from a tech giant, unveiling insights into Meta's advertising innovations. They discuss the impact of fluctuating interest rates and consumer sentiment on the market. The conversation highlights how AI is revolutionizing advertising strategies and boosting revenue. The use of social media platforms to engage younger audiences is emphasized, showcasing impressive returns on investment that could shape future trends.

Meta's impressive 22% revenue growth is attributed to advancements in AI, showcasing the potential of generative AI in advertising. Meanwhile, major tech players like Qualcomm and Arm face market challenges following disappointing results. The Federal Reserve's decision to maintain interest rates hints at possible cuts in the future. The evolving chip industry dynamics and cautious consumer spending reveal broader economic implications. Additionally, insights into the labor market and corporate strategies paint a complex picture of today's financial landscape.

Lisa Su, the dynamic CEO of AMD known for her leadership in the tech industry, shares insights on her company's remarkable quarterly growth, highlighting a surge in data center sales. Mike Sievert, T-Mobile's innovative CEO, discusses recent earnings and strategic moves in the competitive telecom landscape. The conversation dives into Microsoft's cloud performance setbacks and the evolving impact of AI on technology demand. Listeners will appreciate the in-depth analysis of competitive strategies in both the semiconductor and telecommunications sectors.

Jim and Jeff discuss the earnings report from this consumer staple. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer started the hour by looking ahead to the Federal Reserve kicking off its 2-day policy meeting, where the group is largely expected to leave rates unchanged. Cramer also broke down the MAG7 names with Microsoft shares set to report after the bell. Other earnings movers this morning included pharma names Pfizer and Merck, both topping estimates; however, shares of Merck dropped following light sales of its Gardasil HPV vaccine. After the opening bells, SoFi CEO Anthony Noto joined the show to break down his company’s quarterly results.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.

David Faber and Jim Cramer began the show by looking ahead to the big week for investors, which includes a flood of big tech earnings and a Fed decision on deck. The anchors also discussed former president Trump’s speech at the Bitcoin 2024 Conference, where he pledged a national Bitcoin stockpile and his plans to fire SEC Chair Gary Gensler if re-elected. The desk also hit quarterly results from McDonald’s, which missed analyst expectations for earnings and revenue. The fast food giant’s same-store sales also fell for the first time since 2020. During the opening bells, the anchors also mentioned Morgan Stanley analyst Adam Jonas and his decision to replace Ford with Tesla as his ‘Top Pick’ for the auto sector. 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 opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds.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.

Exploring electricity in historical innovations, impact of Spyder S&P 500 ETF on investing, Chevron's sustainable energy strategies. Ford's shares hit after earnings miss, market reactions, Nvidia's influence on valuations. Legal battle between NBA and Warner Bros Discovery, ServiceNow's results. Outstanding quarter success, Honeywell's report with margin pressure, IPO excitement. IBM's strong quarter, AI's impact, corporate America's flux, stock market recovery outlook.

The podcast delves into Alphabet's earnings report, specifically analyzing their cloud numbers, revenue, and operating performance. They discuss concerns about Google ads, Gen AI, visual search, and YouTube's impact on stock performance. The conversation also explores the importance of company investments to maintain technological leadership, comparing YouTube's growth to other tech giants.