Squawk on the Street

Wrapping up a volatile week for stocks, Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to the November jobs report, which showed non-farm payrolls up by a lower-than-expected 210,000 but the unemployment rate fell and the labor participation rate edged higher. The anchors interviewed Commerce Secretary Gina Raimondo about White House reaction to the jobs report and President Biden’s strategy for battling the COVID-19 omicron variant. Chip sector news also in the spotlight: The Federal Trade Commission said it is suing to block Nvidia’s planned $40B deal to acquire chip designer Arm from Softbank, while shares of Marvell Technology soared on quarterly results. On the flip side, stay-at-home stock darling DocuSign plunged more than 30-percent on a Q3 loss and weaker-than-expected guidance. The anchors reacted to this mea culpa from CEO Dan Springer: “We weren’t ready. We weren’t executing.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber explored the market volatility one day after stocks sold off on news of the first confirmed U.S. case of the COVID-19 omicron variant. Stocks surged to begin Thursday's trading but will the rally hold unlike Wednesday's action? Cramer discussed why he thinks the market is oversold and what investors should buy now. The anchors also reacted to a sharp decline in shares of Apple on a published report that says the company has warned suppliers that demand for its iPhone 13 lineup has weakened. On the flip side, Boeing shares jumped after China set a directive for resumption of 737 MAX flights. Also in focus: Ford U.S. vehicle sales rose in November as EV sales more than doubled, why one Wall Street analyst prefers General Motors to Ford, and J.P. Morgan's take on omicron: What if the variant ends up being positive for risk? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the first trading day of December, Carl Quintanilla, Jim Cramer and David Faber discussed the rebound in stocks after Tuesday's sell-off was sparked by COVID and inflation fears. In a CNBC Exclusive, David Faber interviewed Exxon Mobil Chairman & CEO Darren Woods about the company's capital spending plan. The energy giant says it expects to double earnings and cash flow by 2027 from 2019's levels -- while also reducing emissions. The anchors reacted to shares of Salesforce declining sharply as guidance overshadowed better-than-expected quarterly results. The company also promoted Bret Taylor to the role of Co-CEO alongside Marc Benioff -- this after Taylor was named chairman of Twitter earlier in the week. Also in focus: Merck's oral COVID-19 treatment was narrowly endorsed by an FDA panel, EV stocks join the rally, plus Phil LeBeau's interview with the CEO of GE Aviation. 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 the market recouped some of its losses from Friday's big sell-off, Carl Quintanilla, Jim Cramer and David Faber focused on a rough start for stocks as worries about the COVID-19 omicron variant resurface: Moderna's CEO predicts existing vaccines will be less effective against omicron, while Regeneron's CEO says the same about its COVID antibody cocktail. The anchors discussed how investors can navigate the volatility. Carl, Jim and David also discussed what to expect from Fed Chair Powell and Treasury Secretary Yellen's testimony on the economy and COVID before the Senate Banking Committee. Also in focus: The stocks that are bucking the downtrend, the road ahead for Twitter with Parag Agrawal replacing Jack Dorsey as CEO, Walmart’s Doug McMillion expressed optimism about supply chain improvements – while Tesla’s Elon Musk tweeted that this year's "supply chain nightmare" is not over. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber began by breaking down the bounce back in stocks following Friday’s massive sell-off, with scientists around the world scrambling for more data about the Omicron variant. Travel and energy stocks were among the top gainers on the S&P. David Faber also reported some breaking corporate news, with Twitter CEO Jack Dorsey stepping down, effective immediately. The company’s chief technology officer, Parag Agrawal, will take over the helm. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders. At the time of the announcement, both shares of Twitter and Dorsey’s other company, Square, moved higher on the news. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber, Morgan Brennan and Mike Santoli began the show with a look at stocks selling off on the shortened trading day, as a new Covid variant found in South Africa triggered a global shift away from risk assets. The Dow dropped more than 1,000 points, on pace for its worst day of the year. Jim Cramer also called-in to warn investors that today’s sell-off is not a buying opportunity, given the large amount of uncertainty still remaining. Airline and cruise stocks were among the biggest laggards on the S&P 500, but stay-at-home names like Peloton and Zoom Video surged, benefitting from the renewed Covid fears. Cryptocurrencies were also not able to avoid the carnage, with Bitcoin falling into bear market territory, trading below $55K. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Heading into the Thanksgiving holiday, Carl Quintanilla, David Faber and Mike Santoli discussed what's at stake for investors in wake of this week's tech slump. The anchors also reacted to Ark Invest CEO Cathie Wood's comments to CNBC on everything from long-term risks to why she bought Zoom Media on the dips. Shares of Nordstrom and Gap each plunged more than 20% after posting disappointing Q3 results -- impacted by supply chain issues and labor costs. In a CNBC exclusive, Sara Eisen interviewed American Express CEO Steve Squeri about the recent weakness in payments stocks -- and spoke to Lin-Manuel Miranda about the reopening of Broadway. Also in focus: The Q4 outlook for airlines as holiday travel surges, HP and Dell among the earnings winners, and a mea culpa from JPMorgan Chase CEO Jamie Dimon after he made a joke about the Chinese Communist Party. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at President Biden's decision to tap the U.S. Strategic Petroleum Reserve in an effort to lower gasoline prices at the pump. Other countries have announced similar measures. So why are energy stocks and crude prices shrugging off that news? The anchors also focused on tech the morning after a late session sell-off for the sector, including Zoom Video tumbling despite a quarterly beat -- and why one-time high fliers such as Palantir and Chegg have lost more than half of their value this year. Also in focus: Retail earnings movers such as Best Buy ahead of "Black Friday", Activision's new "Workplace Responsibility Committee," the U.S. issues warnings not to travel to Germany and Denmark due to COVID outbreaks, and Medtronic CEO Geoffrey Martha joined the program with the stock under pressure after the company lowered guidance due to the COVID resurgence and staffing shortages. Cramer asked him why investors should buy the stock. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber began the week with breaking news out of Washington: President Biden will nominate Jerome Powell for a second term as Fed Chair and name Fed Governor Lael Brainard to serve as Fed Vice Chair. The anchors engaged in a wide-ranging discussion about a Powell second term and what it could mean for investors. The S&P 500 hit a new record high on the Powell news. Also in focus: Goldman Sachs' year-end 2022 S&P target of 5100, COVID news from lockdowns in Europe to vaccine booster shots in the U.S., what Nvidia CEO Jensen Huang told CNBC about the metaverse, Ford and Rivian scrap plans to jointly develop an electric vehicle, and Activision Blizzard CEO Bobby Kotick under fire: What he reportedly told senior managers about his future at 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.

Carl Quintanilla, Jim Cramer and David Faber discussed market worries about COVID-19, with Austria announcing a nationwide lockdown while Germany tried to tamp down fears that it would follow suit. But in the U.S., FDA authorized use of Pfizer and Moderna's COVID vaccine booster shots for all adults. The anchors explored what investors should make of it all and which beaten-down stocks are worth buying. Carl, Jim and David also wrapped up an eventful week on the electric vehicles front -- including Ford's plans to boost EV production, a wild ride for shares of Rivian and Lucid, automakers' market cap battle, Elon Musk’s Tesla headlines and why Morgan Stanley says a potential Apple car is the "ultimate EV bear case" for some popular electric vehicle stocks. Also in focus: A new record high for the Nasdaq, what’s next for Macy's after Thursday's 21% stock surge with Black Friday one week away, President Biden's $1.7-trillion social spending and climate package heads to the Senate after being passed by the House, The Nike-Roblox partnership, Earnings movers including a double-digit surge for Intuit, and the pressure Activision's Bobby Kotick is facing to step down as CEO. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.