Squawk on the Street

CNBC
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Mar 8, 2022 • 43min

Crude Prices Surge, Pres. Biden and a Ban on Russian Oil Imports, Companies Feeling Pressure to Stop Doing Business in Russia, and What to Make of the "Treacherous" Markets.

Carl Quintanilla, David Faber and Mike Santoli led the show with news that sparked a surge in crude oil prices: President Biden set to announce a U.S. ban on Russian oil and gas exports. The anchors took a closer look at the latest companies to take actions against Russia because of its invasion of Ukraine, including Shell, Yum Brands and Estee Lauder. Snap-On CEO Nick Pinchuk appeared on the program to discuss supply chain challenges for U.S. companies. Also on the show: A report from on the ground in Ukraine, Google buys cybersecurity firm Mandiant for $5.4 billion, stock winners and losers, plus why the markets have been -- in the words of one of the anchors -- "so treacherous." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Mar 7, 2022 • 43min

Russia-Ukraine Effect, Market Volatility, $130 Crude, Buffett Buys OXY But Icahn Sells, Bed Bath and Beyond Soars and the NYSE's President On Halting Trading in Russian Stocks.

Carl Quintanilla, David Faber and Morgan Brennan kicked off a new week of trading by focusing on market volatility as the Russia-Ukraine conflict intensifies. WTI Crude briefly surpassed $130 per barrel and the average price of U.S. gasoline topped $4 a gallon -- both for the first time since 2008. How should investors navigate it all? Also in focus: Warren Buffett's Berkshire Hathaway reveals a $5.1 billion stake in Occidental Petroleum and Carl Icahn sells his remaining stake in the energy company, Bed Bath and Beyond shares soar more than 60% after GameStop Chairman Ryan Cohen disclosed a nearly 10% stake in the retailer, and NYSE President Lynn Martin joined the program to discuss the Big Board's decision to halt trading in shares of Russia-based companies. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Mar 4, 2022 • 43min

Nuclear Worries and The Markets: Russia-Ukraine Conflict Overshadows Upbeat February Jobs Report

Carl Quintanilla, Jim Cramer and David Faber focused on Russia-Ukraine tensions roiling the markets: Russian forces have taken control of Europe's largest nuclear power plant located in southeastern Ukraine, after shelling the plant and starting a fire which Ukrainian authorities said has been safely extinguished. The anchors highlighted the impact the conflict and sanctions against Russia have had on both U.S. and European Banks, as well the biggest weekly surge in crude oil prices since 2020. Geopolitical risks have overshadowed a much better-than-expected February jobs report, which showed non-farm payrolls up 678,000 for the month. Also in focus: Broadcom as a bright spot on a rough day for chip stocks, Gap gets a boost from earnings, and a "Faber Report" on how the White House's antitrust strategy could impact potential M&A deals. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Mar 3, 2022 • 49min

Exclusive Interview With Citi CEO Jane Fraser, The Fed-Fueled Rally, and Snowflake "Melts" on Growth Forecast

Carl Quintanilla, Jim Cramer and David Faber explored market volatility one day after comments by Fed Chair Jerome Powell sparked a rally on Wall Street. During testimony on Capitol Hill, Powell said the Fed is not on "autopilot" and that he is "inclined to support" a 25 basis point rate hike in March. David interviewed Citi CEO Jane Fraser in a "CNBC Exclusive," discussing the company's strategic bets, the U.S. consumer and "managing down" exposure to Russia. Also in focus: Shares of Snowflake tumbled in reaction to the cloud company's weaker-than-expected outlook, Best Buy jumps despite a quarterly sales miss, plus the "Putin effect" on oil prices and stocks. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Mar 2, 2022 • 43min

Oil Jumps to 2011 Highs, Russia-Ukraine Tensions Escalate, Ford's Split Decision on EVs and Fed Chair Powell Heads to the Hill.

The morning after President Biden's State of the Union address, Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at crude oil prices surging to 2011 highs in wake of sanctions against Russia. What's at stake for investors? The anchors reacted to President Biden's address, in which he said Russian counterpart Vladimir Putin "badly miscalculated" by attacking Ukraine. Carl, Jim and David also looked at Fed Chair Jerome Powell's take on inflation and rates ahead of his Capitol Hill testimony on the economy. Ford shares jumped on news it will run its electric vehicle and internal combustion units as separate entities within the automaker. Also in focus: What Salesforce Chair Marc Benioff told CNBC about his company's record results, Apple, Exxon Mobil and Boeing cut ties with Russia, Nordstrom shares soar on quarterly results, Citi's outlook and an interview with Nextdoor CEO Sarah Friar about her company’s first quarterly report as a public company. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Mar 1, 2022 • 43min

Russia-Ukraine Conflict Effect: Stocks Fall and WTI Crude Tops $100/Barrel -- We Get Reaction from Chevron's CEO, and Target Surges on Earnings.

Carl Quintanilla, Jim Cramer and David Faber focused on market reaction to the latest developments surrounding the Russia-Ukraine conflict, including WTI crude surpassing $100/barrel for the first time since 2014. Chevron Chairman & CEO Mike Wirth joined the program with his take on the surge in crude, the company's exposure to Russia and Chevron’s increased guidance on share buybacks. The anchors also discussed Target's better-than-expected quarterly results, propelling the stock to its biggest one-day percentage jump since the year 2020. Also in focus: A tough day for shares of EV maker Lucid and Zoom Video. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Mar 1, 2022 • 32min

Manifest Space Episode #5: A More Secure Space with Virgin Orbit’s Dan Hart

A growing number of U.S. officials warn that the Russia-Ukraine conflict could extend to space, threatening critical satellite infrastructure that is crucial to everyday life. Morgan Brennan speaks with Dan Hart, CEO of Virgin Orbit— one of Richard Branson's space ventures— about his company's work deploying satellites for governments, security risks for satellites in orbit—along with the promise of affordable and fast launch services offsetting potential threats. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Feb 28, 2022 • 47min

Markets Slump and Oil Jumps, Russian Sanctions Effect, M&A from Chevron's Clean Energy Bet to TD Bank's $13B deal, plus NYC Mayor Eric Adams on Set With Cramer and Faber

Jim Cramer and David Faber led off the show with a look at market volatility in wake of the Russia-Ukraine crisis. Western nations ramped up sanctions against Russia, resulting in the ruble hitting fresh record lows and the Russian central bank more than doubling its key interest rate to 20%. Cramer explains why he sees all of the "negativism" in the market as "baffling" and highlights the names he believes are buys right now. M&A also in focus: Chevron raising its bet on clean energy in a deal to buy Renewable Energy Group for $3.15-billion in cash, while TD Bank agrees to acquire First Horizon in a $13.4-billion deal. New York City Mayor Eric Adams joined Jim and David on set after ringing the NYSE opening bell. They discussed issues including COVID and the economy, lifting vaccination and mask mandates, and efforts to make the city the crypto capital of the world. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Feb 25, 2022 • 47min

Investors Continue to Assess Financial Risks From Russia’s Invasion of Ukraine

Carl Quintanilla, Jim Cramer and David Faber began the show by breaking down the recent market volatility amid Russia’s attack on Ukraine. Stocks attempted to rally amid reports that Russia was ready to send delegation to Minsk for talks with Ukraine. CNBC’s Eunice Yoon also joined the show, live from Beijing, after reporting that Russia’s Putin and China’s Xi spoke over the phone. Separately, the anchors hit another batch of big earnings with names like Block, Foot Locker, and Dell all on the move. Jim Cramer highlighted Etsy’s quarter for his Mad Dash calling it a “secular winner.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Feb 24, 2022 • 29min

Manifest Space Episode #4: Capturing Russia-Ukraine with Planet Labs’ Will Marshall

The world is watching the Russia-Ukraine crisis— now with unprecedented views of the conflict as it unfolds. As the private space sector continues its rapid growth, commercial satellites are capturing the military buildup along the Ukrainian border and changing the national security landscape. Planet Labs co-founder & CEO Will Marshall joined Morgan to discuss how commercial satellite data is promoting greater transparency in global events and the data revolution in space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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