Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber explored the challenges facing Southwest Airlines: More than 2,000 flights canceled since the beginning of the past weekend, staff shortages and air traffic control issues in the mix, along with Texas Governor Greg Abbott announcing a ban on COVID vaccine mandates in his state -- though Southwest disputes the idea that cancellations are due to employees protesting such a mandate. Southwest Chairman & CEO Gary Kelly appeared on the program and faced tough questions from the anchors on these issues. Carl, Jim and David also discussed new data which show that the return of workers to the office has reached a pandemic high of just over 36%. Also in focus: Markets and inflation - oil prices above $80 and why Cramer thinks the natural gas rally has peaked, the Netflix stock run-up amid buzz surrounding the drama series "Squid Game" and JPMorgan Chase CEO Jamie Dimon telling a finance group event that "bitcoin is worthless" and weighing in on supply chain problems. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim Cramer and David Faber led off the show with a look at what investors should do in wake of the recent rally in energy prices: WTI crude surging to a seven-year high and natural gas up 50% over the past three months. The anchors highlighted Goldman Sachs lowering its U.S. growth forecasts for 2021 and 2022 as the firm expects a "delayed recovery in consumer spending" and no improvement in the global chip supply until next year. Jim and David also discussed a rough start for Southwest: Shares under pressure after the airline announced hundreds of additional flight cancellations on top of the 1,800 that took place over the weekend, citing bad weather, air traffic control issues and staff shortages. Southwest also disputes speculation that its high level of cancellations compared to other airlines were due to employee protests of a COVID-19 vaccine mandate. Speaking of the pandemic, Merck and Ridgeback Biotherapeutics announced submission of an emergency use authorization application to the FDA for their oral COVID-19 treatment. The anchors reacted to what former FDA Commissioner Dr. Scott Gottlieb told CNBC about when he believes Merck's COVID pill will hit the markets. Changes at the top of KKR: Co-founders Henry Kravis and George Roberts stepped down as Co-CEOs of the private equity firm. The anchors explored what this means for KKR and the world of P.E. Also in focus: Big banks kicking off earnings season later this week, Chinese stocks continue to rebound, Emerson Electric's $11-billion merger deal with Aspen Technology, and as movie theaters look to rebound from the pandemic -- the new James Bond film "No Time To Die" debuts by grossing $56-million at the box office domestically. It was the weekend’s top performer but just shy of consensus estimates. 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 the big news of the morning: The much-anticipated employment report shows 194,000 non-farm jobs were created in September, well below the 500,000 that economists had been expecting. The unemployment rate fell to 4.8%, but the labor participation rate also declined amid concerns about the COVID-19 Delta variant outbreak. The anchors explored what it all means for investors and the Fed, and whether it means Fed Chair Powell and his fellow policymakers should push back their timeline for tapering. Commerce Secretary Gina Raimondo appeared on the program to discuss the Biden Administration's reaction to the jobs data. She also weighed in on COVID vaccine mandates and the supply chain challenges facing the nation's businesses. The anchors also discussed Tesla's decision to move its headquarters from California and Texas, plus what Elon Musk told investors about Tesla's manufacturing expansion plans and how the electric vehicle maker is navigating the global chip shortage. As movie theaters gear up for the debut of the new James Bond film "No Time to Die," AMC Theatres Chairman & CEO Adam Aron had a message for his critics in a Thursday night tweet: "It feels more like AMC is playing 3-dimensional chess. To the naysayers, I say it loud: #ChokeOnThat." The anchors discussed the road ahead for AMC -- one of the earliest "meme stocks." China also in focus: A strong week for shares of Alibaba -- and Morgan Stanley's Katy Huberty out with a note assessing Apple's supply chain and what it could mean for the new iPhone 13. 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 took an in-depth look at Thursday's market rally: Wall Street hoping that Senate Republicans and Democrats are on the verge of a deal to lift the debt ceiling and stave off a default. The anchors reacted to comments from JPMorgan Chase CEO Jamie Dimon: At yesterday's meeting with President Biden and other CEOs, Dimon warned that failure to increase the debt limit would result in economic "catastrophe." Carl, Jim and David explored the impact of rising energy and commodity prices compared to a year ago and how the markets and companies are handling them. The anchors also reacted to what Levi Strauss CEO Chip Bergh told CNBC about raw materials and navigating cotton pricing. On the pandemic front: Pfizer announced it is asking the FDA to authorize its COVID-19 vaccine for emergency use in children ages 5 to 11. In wake of Facebook whistleblower Frances Haugen's Capitol Hill testimony on Tuesday, the anchors discussed a report from The Wall Street Journal which says Facebook is delaying work on new and existing products while conducting "reputational reviews." Cramer explains why it's time to "give (Mark) Zuckerberg a chance.": Also in focus: Why Moffett Nathanson is upgrading AT&T to "neutral," General Motors' aggressive targets for 2030, signs travel is making a comeback, and Trian's Ed Garden on management teams spending money on ESG. 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 Tuesday's rally, Carl Quintanilla, Jim Cramer and David Faber explored a big pullback in the markets amid action in bond yields -- despite much stronger-than-expected ADP September jobs data. Volatility in natural gas prices as Russian President Vladimir Putin says his country is ready to increase gas shipments Europe. The anchors explain what the action in the energy markets means for investors. Facebook and its stock remain in the spotlight: CEO Mark Zuckerberg strikes back after whistleblower Frances Haugen's Capitol Hill Testimony on Tuesday. In a blog post, Zuckerberg denied that Facebook prioritizes profit over safety and well-being, and added that the "argument that we deliberately push content that makes people angry for profit is deeply illogical." At the Active-Passive Investor Summit in New York, David interviewed activist investor Alex Denner about his strategy when it comes to the biotech sector. Dow Inc. Chairman & CEO Jim Fitterling also joined the program on his company's "Investor Day" to discuss his investment plans to boost core earnings by $3-billion annually over the next decade, "with a clear path to zero-carbon emissions." Also in focus: Tech under pressure and betting on the cloud, a look at the auto sector ahead of General Motors' investor event, what's sparking the surge in bitcoin, plus the debt ceiling standoff. 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 tech sell-off dragged Nasdaq to its lowest levels since June, Carl Quintanilla, Jim Cramer and David Faber led off the show with an in-depth look at Facebook: The stock tumbled Monday after Facebook, Instagram and WhatsApp experienced outages for hours -- which followed allegations from Facebook whistleblower Frances Haugen, who accuses the social media giant of allowing the spread of misinformation and putting profits ahead of the public good. The anchors discussed what to expect from Haugen's Tuesday testimony before a Senate subcommittee, what's at stake for CEO Mark Zuckerberg and Facebook stock, a survey indicating Instagram is losing popularity among teens, and Twitter CEO Jack Dorsey appearing to take a shot at Facebook in a one-number tweet. On the pandemic front: Johnson and Johnson officially asked the FDA to approve its COVID vaccine booster shot for emergency use -- and Southwest joined the list of airlines requiring employees to be vaccinated. MGM Resorts CEO Bill Hornbuckle joined the program from the Global Gaming Expo in Las Vegas. Contessa Brewer and the anchors interviewed him about everything from the state of gaming in Vegas and Macau to DraftKings' bid to acquire Entain of the U.K. Also in focus: Cramer's take on buying the dip, what teens are saying about Netflix in a survey, Nike and the China effect, supply chain concerns, PepisCo rises on earnings, and a look at the energy stocks helping to lead the S&P 500 higher. 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 show with a look at Facebook under scrutiny: The company's former product manager Frances Haugen revealed her identity as the whistleblower who released a trove of internal Facebook research. She accuses the social media giant of allowing the spread of misinformation and putting profits ahead of the public good. Along with exploring what this all means for Facebook and its stock, the anchors reacted to what Haugen said about the company in a "60 Minutes" interview, as well as the response from Facebook itself. Carl, Jim and David also discussed news out of the auto sector: Shares of Tesla rise after Elon Musk’s company announced it delivered more than 241-thousand vehicles during the third quarter, marking a quarterly record for the automaker. Ford posted a U.S. vehicle sales drop of 17.7% in September from a year ago, but added that reservations for its F-150 Lightning electric pickup truck have surpassed the 150,000 mark. Also in focus: Hedge fund Engine No. 1 announced its support for General Motors’ goal to have a 100% electric car portfolio by 2035 -- as well as an investment in the automaker, Merck shares extend gains on news surrounding the experimental COVID pill it developed with partner Ridgeback Biotherapeutics -- while vaccine makers such as Moderna add to recent stock losses, what's sparking the latest jump in oil and natural gas prices, Qualcomm and an investment firm team up to buy a Swedish automotive tech company in a $4.5-billion deal, plus Jamie Dimon's take on bitcoin and regulating cryptocurrency. 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 kick off a new month and quarter by announcing details about Cramer launching the "CNBC Investing Club," which aims to help investors build long-term wealth. A big story out of Merck: The stock surging after the drug maker and its partner Ridgeback Biotherapeutics announced their experimental COVID-19 pill cut the risk of death and hospitalization by 50% in a late stage study. Both companies plan to file for emergency use authorization as soon as possible. Ridgeback Co-Founder Dr. Wayne Holman and Co-Founder and CEO Wendy Holman joined the program to discuss this big development in the war against the pandemic. Also in focus: Zoom Video and Five9 have terminated their nearly $15-billion deal by mutual consent, what to expect from the markets in the fourth quarter after a rough September, Exxon Mobil expects higher oil and gas prices to boost quarterly earnings by as much as $1.5-billion -- and Cathie Wood tweets about peak oil demand. 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, David Faber and Mike Santoli take a closer look at the markets as the three major indices aim to end the third quarter in positive territory after a rough September. Supply chain issues in focus: Bed Bath and Beyond shares plummeted on quarterly results and weaker guidance, hurt by a steep drop-off in traffic and supply challenges. New data show China manufacturing activity contracted in September for the first time in 18 months -- when the country was hit hard by the pandemic. The anchors discussed a New York Times story about how retailers are being impacted by shutdowns at their Vietnamese suppliers. Carl harkened back to his reporting from Vietnam in 2019 about that country's manufacturing boom. Carl, David and Mike also reacted to Fed Chair Jerome Powell describing supply chain problems as “frustrating.” Also in focus: Merck's $11.5-billion deal to acquire drug maker Acceleron Pharma, highlights from CNBC's "Delivering Alpha" conference including Chamath Palihapitiya on the markets, the Senate deal to avoid a government shutdown as the House moves toward a vote on the bipartisan infrastructure bill, what to expect from Fed Chair Powell and Treasury Secretary Yellen during their testimony before a House panel -- and the Facebook global head of safety’s appearance at a Senate subcommittee hearing on social media and Instagram’s impact on teens' mental health. 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 one of the worst sessions of the year for the markets, Jim Cramer and David Faber led off the show with a look at stocks trying to rebound from the Tuesday sell-off. Jim and David reacted to Senator Elizabeth Warren telling Fed Chair Jay Powell she will oppose his re-nomination, calling him a "dangerous man" to lead the central bank. Cramer called her remarks during Tuesday's Senate Banking Committee hearing "incendiary" and weighed in on the state of the banks. The anchors also discussed the recent spike in natural prices as well as the chip shortage: Micron shares under pressure after the company's guidance disappointed Wall Street analysts. At the Code Conference in Los Angeles, Carl Quintanilla highlighted comments Tesla CEO Elon Musk made at the event on everything from his company's stock price to paying taxes. Speaking of CEOs, United Airlines' Scott Kirby joined "Squawk on the Street" -- Phil LeBeau, Jim and David interviewed him about firing nearly 600 workers who declined to comply with the carrier's vaccine mandate. They also discussed the state of travel demand in wake of the COVID-19 Delta variant outbreak. At CNBC's "Delivering Alpha" conference, J.P. Morgan Asset & Wealth Management CEO Mary Callahan Erdoes spoke about market froth and why she believes Chinese property giant Evergrande is not another Lehman Brothers. Also in focus: Eyewear maker Warby Parker goes public with a direct listing, shares of Dollar Tree jump on a share buyback increase, big tech's rough September, an update on the Zoom Video-Five9 deal, and Carl at Code with highlights of Salesforce CEO Marc Benioff's comments on remote work trends. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.