Squawk on the Street

Carl Quintanilla and Jim Cramer began the show with a look at the market action, following another failed attempt at a bounce. Earlier today, Cleveland Fed President Loretta Mester said she would back a 75 basis point hike in July if conditions remained the same. The anchors then shifted to the C-Suite shuffles for Pinterest and Bed Bath & Beyond; both companies announced that they would be replacing their CEOs. The biggest S&P laggard in early trading was Carnival Cruise Line, as Morgan Stanley cut its price target on that stock to $7 per share, while also laying out a “bear case” scenario of $0. Also in the mix: FedEx hosted its first investor day in roughly a decade and new CEO Raj Subramaniam spoke with CNBC exclusively. Hosted by Simplecast, an AdsWizz company. See https://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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

As more objects make their way to orbit, thousands of pieces of debris are putting spacecraft and people at risk. Morgan speaks with Silicon Valley startup LeoLabs CEO Dan Ceperley to discuss the company’s efforts to track space junk as Earth’s orbit debris problem worsens. Hosted by Simplecast, an AdsWizz company. See https://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. Hosted by Simplecast, an AdsWizz company. See https://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. Hosted by Simplecast, an AdsWizz company. See https://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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The morning after a big rally on Wall Street, Jim Cramer and David Faber discussed market reaction to Federal Reserve Chair Jerome Powell's testimony on the economy before the Senate Banking Committee, with inflation and rate hikes in the spotlight. The anchors also reacted to President Biden urging Congress to suspend the federal gasoline tax. Also in focus, A big Wednesday night on CNBC: Highlights from both David's documentary "ExxonMobil at the Crossroads" – which premieres at 8pm ET -- and Jim's interview with Meta Platforms CEO Mark Zuckerberg on "Mad Money" at 6pm ET. Hosted by Simplecast, an AdsWizz company. See https://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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

With the S&P 500 at an 18-month low following Thursday's big sell-off, Carl Quintanilla, Jim Cramer and David Faber discussed stocks trying to shrug off recession fears with the broader markets on track for their worst week since 2020. The anchors reacted to billionaire investor Ron Baron telling CNBC the June slump represents a once-in a generation buying opportunity. They also drilled down on tech's rough week, including Adobe shares falling despite better-than-expected quarterly results. Also in focus: This week's profit-taking in the energy sector, the FDA approves COVID-19 vaccines for younger children, Elon Musk's meeting with Twitter employees, Chinese stocks such as Alibaba rally on a report involving Jack Ma's Ant Group. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

One day after stocks rallied following the Fed's biggest interest rate increase since 1994, Carl Quintanilla, Jim Cramer and David Faber discussed the sell-off that erased Wednesday's gains and sent the Dow below 30,000. Rate hikes by central banks in England and Switzerland fueled inflation worries and recession fears. The anchors delved into why tech stocks including Apple and Microsoft have taken a hit, as well as how investors can find protection in this market. Also in focus: Comments by DoubleLine CEO Jeffrey Gundlach and MicroStrategy CEO Michael Saylor on the bitcoin slump, and Elon Musk prepares to meet with Twitter employees for the first time since offering to buy the company. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.