Squawk on the Street

CNBC
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Jan 3, 2022 • 1h 6min

CNBC SPECIAL: Bob Iger’s Exit Interview

After nearly 50 years at the company, Bob Iger is stepping away from Disney. During his 15-year tenure as its CEO, 10 as its Chairman, Iger led the transformational acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox, launched its Disney Plus streaming platform and helped steer the company through the coronavirus pandemic. After repeatedly pushing off his retirement, Iger now says he has “no regrets” on his decision and timing around stepping down. In this exclusive sit down, CNBC’s David Faber interviews Iger on his experience leading one of the most iconic media companies, the challenges he faced during his tenure, the future of the media business and what his plans are post-Disney. This is the their full conversation from December, 2021. You can watch the full interview on CNBC.com. 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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Dec 31, 2021 • 44min

Bulls Win Big in 2021, The S&P 500 Tops the Major Indices, Omicron Effect on Travel, EV Stocks Outlook for 2022, and Sen. Sanders vs. Buffett.

On the final trading day of 2021, Scott Wapner, Leslie Picker and Mike Santoli explored what has been a bullish year for the stock markets despite volatility and the pandemic: The S&P 500 up 27%, outperforming the Nasdaq and the Dow. The anchors looked at this year's biggest market drivers and the action surrounding "meme stocks" such as GameStop and AMC. Then there's the effect of the COVID-19 omicron variant on travel, with airlines canceling more than 1,300 flights on Thursday and the CDC warning against cruise ship travel despite vaccination status. Also in focus: The 2022 outlook for EV stocks after a year that saw Tesla join the $1 trillion market cap club and Rivian surpass General Motors and Ford to become the second-most valuable automaker in the U.S., the year’s biggest market losers - Peloton's big slump continues thanks to a Wall Street downgrade, plus: Sen. Bernie Sanders tweet-slams Warren Buffett for not intervening in a Berkshire Hathaway-owned company's labor strike. 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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Dec 30, 2021 • 43min

Record Closing Highs for the S&P 500: 70 and Counting? Plus: The Omicron Challenge, Micron and Samsung's Lockdown-Related Warnings and Playing Tesla in 2022.

Scott Wapner and Leslie Picker led off with a look at what's ahead for the markets one day after the S&P 500 posted its 70th record closing high of the year. Scott and Leslie also explored how businesses are grappling with the omicron variant as the U.S. and other countries shatter records for daily COVID-19 cases. The anchors reacted to comments Dr. Anthony Fauci made on CNBC about the reduced isolation guidelines. Micron and Samsung have warned that a COVID-19 lockdown in the Chinese city of Xian could impact chip production at their manufacturing plants. Tesla announces a recall of nearly 500,000 electric vehicles, but the stock is still up 50% for the year. Should you buy it in 2022? Also in focus: Billionaire investor Bill Ackman's tweet about "the Omicron scenario I was looking for." 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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Dec 29, 2021 • 43min

Omicron Tempers the "Santa Claus Rally," Elon Musk Sells More Tesla Shares, the Chip Sector from a CEO's Perspective, and Apple in 2022: Survey Says...

One day after the "Santa Claus Rally" took a breather despite the S&P 500 hitting a new all-time high, Carl Quintanilla, Scott Wapner and Leslie Picker focused on markets trying to shrug off the omicron variant spread -- as cases surge and businesses try to cope with the outbreak without implementing lockdowns. The anchors also discussed Elon Musk's sale of another $1 billion in Tesla shares - moving closer to his goal of divesting his 10% stake in the company. The stock up 40% in three months, while Rivian, Ford and General Motors jockey for second place in the U.S. autos market cap race. Cypress Semiconductor founder and former CEO T.J. Rodgers joined the program to the share his outlook for the chip sector after a strong 2021. Also in focus: What the latest CNBC Stock Survey says about what to expect from Apple in 2022. 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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Dec 28, 2021 • 44min

A Fresh Record High for the S&P 500, The New Omicron Rules, Peloton's Plunge, The "Green Chips" and 2022 Buying Opportunities

Carl Quintanilla, Scott Wapner and Leslie Picker discussed another record-setting day for stocks: The "Santa Claus Rally" continues with the S&P 500 hitting a fresh all-time intraday high. This as the omicron variant remains in the spotlight: The CDC cutting isolation time for those with asymptomatic COVID infections, Goldman Sachs reportedly requiring employees returning to the office to get booster shots, and Apple closing its twelve New York City stores to indoor traffic due to the omicron outbreak. Also in focus: Peloton shares down 75% this year -- are they worth buying ahead of the New Year? Plus: a record run for the chip sector, big tech moves from Tesla to Apple, and 2022 buying opportunities in the retail sector. 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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Dec 27, 2021 • 43min

Travel Stocks Down on Omicron But the S&P 500 Sets a New All-Time High, the Holiday Retail Sales Boost and Big Tech vs. Regulation in 2022.

On the first trading day after Christmas, Carl Quintanilla, Scott Wapner and Kayla Tausche discussed why the S&P 500 hit a new record high despite the omicron outbreak, while travel stocks are taking a hit in wake of flight cancellations and the increase in COVID cases on cruise ships. Meantime, Moderna is facing shareholder pressure over the cost of its COVID vaccines. The anchors also explored data indicating the strongest holiday sales jump in 17 years -- and what that means for the economy and retail stocks heading into 2022. Also in focus: China’s Didi blocking investors from selling their shares in the company indefinitely, GoDaddy shares jump after activist investor Starboard takes a 6.5% stake in the company, plus what’s on tap for big tech in 2022 as the group faces regulatory headwinds. 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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Dec 23, 2021 • 47min

The Santa Claus Rally, FDA Authorizes Merck and Pfizer COVID Treatment Pills, Chinese Stocks Under Pressure, Nikola Surges and Disney's Iger Talks Sports Rights.

On the final trading day before Christmas, Carl Quintanilla, Jim Cramer and David Faber focused on stocks aiming for a third straight day of gains, as investors shrug off worries about the omicron variant. Cramer weighs in on the "Santa Claus Rally" and explains why "it's very much an Nvidia market." The anchors discussed the FDA's authorization of Merck and Ridgeback Therapeutics' COVID-19 antiviral pill for emergency use -- one day after Pfizer's version was approved by the agency. Carl, Jim and David also reacted to President Biden's comments to ABC News: He said he doesn't think the shortage of at-home COVID tests is "a failure." Also in focus: Chinese stocks under pressure after Tencent announced it is slashing its stake in JD.com, Nikola shares soar after the EV startup said it completed its first electric vehicle delivery, and David's exclusive interview with Disney's Bob Iger on the future of sports rights. 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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Dec 22, 2021 • 43min

After the Rally: Omicron's Impact on Markets and Corporations, Musk Says He's "Sold Enough" Tesla Stock and Blasts Sen. Warren Again, and Disney's Iger on Dealing With Rupert Murdoch

The morning after stocks recouped losses from Monday's sell-off, Carl Quintanilla, Jim Cramer and David Faber discussed what investors should make of the COVID-19 Omicron outbreak after President Biden outlined his strategy for combating the variant. The anchors stressed the importance of getting the FDA to approve an oral treatment for COVID. Delta's CEO is asking the CDC to reduce its quarantine guidelines for breakthrough cases from ten days to five, while Amazon, T-Mobile and Facebook parent Meta are among the companies pulling out of the 2022 Consumer Electronics Show due to Omicron's spread. The anchors reacted to Former FDA Commissioner Dr. Scott Gottlieb telling CNBC the government has dropped the ball when it comes to making at-home tests available. Carl, Jim and David also discussed Tesla shares rising after Elon Musk said he has "sold enough" to meet his goal of selling ten percent of his stake in the company. The anchors also reacted to Musk continuing to blast Sen. Elizabeth Warren (D-MA): In an interview with news satire website "The Babylon Bee," Musk defended the amount in taxes has he to pay and claimed Warren "hasn't paid taxes, basically, at all." Also in focus: More from David's exclusive "exit interview" with Bob Iger: Disney's outgoing chairman explained what it was like to deal with Ruppert Murdoch and Fox. 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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Dec 21, 2021 • 45min

David’s Exclusive With Disney's Bob Iger - The “Exit Interview.” The Market Bounces Back After the Sell-off, Carl Discloses Positive COVID Test, An Exclusive With Micron's CEO, and Nike Leads the Dow Higher

Carl Quintanilla, Jim Cramer and David Faber discussed the markets recouping most of their losses from Monday's sell-off, which was sparked by fears about the omicron variant spread. Cramer says December 21 historically marks the start of the "Santa Claus Rally.” Carl makes a surprise announcement: Like Jim, he has tested positive for COVID-19. David Faber had an exclusive and wide-ranging "exit interview" with Disney's Bob Iger, who is stepping down as chairman at the end of the year, following a 15-year run as CEO that ended in 2020. Micron shares topped the Nasdaq 100 in early trading: CEO Sanjay Mehrotra joined the program exclusively to discuss the chipmaker's upbeat quarterly results and guidance -- and why he sees chip shortages easing in 2022. Also in focus: Nike leads the Dow higher on an earnings beat despite supply chain issues, plus a look at how investors should approach pharma/vaccine/test kit stocks as President Biden prepares to outline his strategy for combating the omicron outbreak. 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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Dec 20, 2021 • 49min

Omicron Fears Spark Market Sell-off, Cramer Discloses He Tested Positive for COVID, Sen. Manchin Rejects "Build Back Better”, plus Movies, Omicron and Meme Stocks with AMC’s CEO.

Jim Cramer and David Faber took a deep dive into the markets beginning the week in sell-off mode due to fears about the COVID-19 omicron variant spread: Jim says there are still "a lot of good stocks for sale." Cramer also disclosed that he has tested positive for COVID. Hear what Jim had to say about his experience and how he's feeling now. The anchors reacted to the announcement by Sen. Joe Manchin (D-WV) that he is a "No" vote on President Biden's "Build Back Better" legislation. AMC Entertainment Chairman & CEO Adam Aron appeared on the program. He discussed a strong weekend at his theaters despite the omicron spread -- the turnout sparked by the new "Spider-Man" film's blockbuster debut. Aron also spoke about his recent sale of some AMC shares after they soared and became one of the original "meme stocks." Also in focus: Moderna said data show its COVID booster shot shows higher protection against omicron, Oracle confirmed it has agreed to buy Cerner in a $28 billion deal, and David previewed his exclusive with Disney Executive Chairman and former CEO Bob Iger set to air Tuesday. 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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