Squawk on the Street

On the final trading day of July, Carl Quintanilla, David Faber and Morgan Brennan led off a busy show with a closer look at Amazon: Shares tumbling in reaction to its first revenue miss since 2018. The anchors explored what the results mean for the company and other big tech names in the "trillion-dollar club." Cowen senior internet analyst John Blackledge joined the discussion and offered his take on what he sees ahead for Amazon's stock. Carl, David and Morgan followed up on Robinhood the morning after its public debut, which saw the stock close more than eight-percent below its IPO price. They also reacted to what Robinhood CEO Vlad Tenev told CNBC about its rough start on Wall Street, but the slump didn't stop ARK's Cathie Wood from buying more than $45-million in Robinhood stock. Earnings from the likes of Procter & Gamble, Caterpillar and oil giants Exxon Mobil and Chevron also in the spotlight, along with the news that P&G's David Taylor is stepping down as CEO. Also in focus: Disney fires back at Scarlett Johansson after the "Black Widow" star filed a lawsuit against the company for releasing the film on Disney+ and in theaters simultaneously, what to expect from stocks in August with the S&P 500 on track for a six-month win streak, SEC Chairman Gary Gensler seeking more disclosures from China-based companies looking to list in the U.S., and the CEO of a major commercial real estate firm weighs in on companies delaying return to work plans as the COVID Delta variant spreads. Plus, the anchors’ countdown to David Faber's week-long stint as guest host of "Jeopardy!" 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 an in-depth look at a much-anticipated IPO: Online trading platform Robinhood going public after pricing shares at $38 each. That's at the low end of the expected range but values the company at about $32-billion. Goldman Sachs – one of the lead investment banks on the IPO -- had not fully allocated shares of Robinhood until shortly before the opening bell. The anchors explored what investors can expect and how to evaluate Robinhood's debut. On the earnings front, Facebook shares fell after the tech giant said revenue growth will slow during the second half of the year -- overshadowing better-than-expected quarterly results. Staying with tech: A federal grand jury charged Nikola founder Trevor Milton with three counts of criminal fraud for making false and misleading statements to investors about the electric video startup. Also in focus: Ford shares rise after the automaker surprises Wall Street analysts by posting a quarterly profit, new record highs for stocks, and ServiceNow CEO Bill McDermott discusses his company's better-than-expected quarterly results – the workflow management software provider helped by a jump in subscription revenue. 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 a big morning full of earnings news, leading off with the numbers out of big tech: Apple shares fall as its warning about how the global chip shortage is impacting the company overshadowed a better-than-expected quarter. Two names saw their stocks rise: Google parent Alphabet beats the street, getting a lift from a surge in online ad spending, while Microsoft's better-than expected results were driven by growth in its cloud business. Three CEOs appeared on the program: Boeing CEO David Calhoun spoke about his company's surprise quarterly profit, a surge in commercial aircraft deliveries, resolving its jet issues and dealing with the COVID resurgence. AMD CEO Lisa Su discussed her company's stronger-than-expected results and how the chipmaker is navigating the global semiconductor shortage. Starbucks CEO Kevin Johnson outlined his company's earnings beat and sales that outpaced pre-pandemic levels -- though that news wasn't enough to prevent the stock from falling. He spoke about the outlook for Starbucks' business in China, the Delta variant and consumer trends which show cold drinks driving beverage sales. Also in focus: Earnings movers including McDonald's and Spotify, plus a countdown to the Fed's post-meeting statement -- what will policymakers say about inflation? 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 focused on a busy morning full of earnings news by highlighting Tesla's better-than-expected quarterly results. They discussed Elon Musk's message on chip shortages and what Jim would have liked to hear from Musk on Tesla's earnings call. The anchors also reacted to Musk's comment on the call in which he takes aim at Apple without mentioning the company by name. Shares of General Electric jumped on upbeat results and positive free cash flow for the second quarter. GE Chairman & CEO Larry Culp appeared on the program to discuss his company's numbers as well as the challenges posed by supply constraints. Raytheon Technologies Chairman & CEO Greg Hayes joined the show exclusively to discuss everything from his company's earnings and guidance to his outlook for business travel, in light of Raytheon's role as an aircraft engine maker. Also in focus: Earnings movers including UPS and 3M, Chinese tech stocks including Alibaba and Tencent extend losses as Beijing's regulatory crackdown intensifies, plus, inflation's effect on the homebuilding/home improvement stocks. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

With stocks having finished Friday's session at record closing highs, Carl Quintanilla and Jim Cramer looked at what to expect from the markets as we enter a big week full of earnings reports, with mega-cap tech names Apple, Amazon, Microsoft, Facebook and Alphabet leading the pack. U.S.-China talks on the front burner as a Beijing official blamed the Americans for a "stalemate" in relations -- while stocks of China-based companies take another hit as Beijing ramps up its regulatory crackdown on technology and education firms. Cramer says China is engaging in an "attack on the rich" and says "you don't want your money there, you want your money here" in the U.S. The reopening trade and continuing spread of the COVID-19 Delta variant also in the spotlight. The anchors reacted to what former FDA Commissioner Dr. Scott Gottlieb told CNBC about the variant: He explained why he believes Delta could "plateau here in the United States" in the next two to three weeks. Carl and Jim also discussed a note out of Goldman Sachs Chief U.S. Equity Strategist David Kostin in which he sees the variant posing a "minimal risk to the U.S. equity markets." The anchors had lots of crypto news to highlight: A published report says a U.S. probe into Tether is homing in on whether executives behind the digital token committed bank fraud. Separately, Bitcoin hit a new six-week high and briefly passed $39,000 over the weekend -- with crypto rallying across the board, due in part to a report stating that Amazon is moving toward accepting Bitcoin for payment and is also considering the creation of its own digital token. Also in focus: Tesla as a China proxy ahead of its after-the-bell earnings report, Hasbro surging on better-than-expected quarterly results, and Norwegian Cruise Line sets sail for the first time since suspending cruising 500 days ago due to the pandemic. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

With stocks aiming for a fourth straight day of gains after Monday's sell-off, Jim Cramer and Scott Wapner explored market reaction to lots of earnings news, especially in tech: Intel shares under pressure after issuing the company's forecast overshadowed better-than expected quarterly results, with the chipmaker saying the global semiconductor shortage could last well into 2023. The anchors compared the Dow component to rival chipmakers Nvidia and AMD -- and reacted to what Intel CEO Pat Gelsinger told CNBC about trying to overcome supply constraints. On the social media front, Snap shares posting a double-digit gain and Twitter also up sharply in reaction to upbeat quarterly results and guidance. The anchors highlighted the advertising revenue growth benefiting both Snap and Twitter -- and looked at what's at stake for big tech companies due out with earnings next week. Jim and Scott also took a closer look at why the markets are shrugging off warnings from the CDC about rising cases and deaths due to the COVID-19 Delta Variant. Also in focus: American Express' earnings beat helped by increased travel spending, Honeywell shares fall despite better-than-expected results and raised guidance, General Motors issuing a second recall of its Chevy Bolt electric vehicle due to fire risks, and Boston Beer -- home of the Samuel Adams brand -- tumbles after cutting its full-year outlook. 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 Scott Wapner explored the recent market moves, the concept of the "three-day correction" and why in Jim's view, the S&P 500 is "done being slammed." Cramer also shared his perspective on the market coming to grips with the spread of the Delta Variant and the slowdown in COVID vaccinations, saying that unlike the herd immunity achieved following the pandemic of 1918-19, "we're going to have a brutal form of herd immunity and it's going to happen, as Dr. (Scott) Gottlieb said, in the next few months." The reopening trade in focus as airline stocks fall despite news of stronger-than-expected quarterly revenue from Southwest and American Airlines. Southwest Chairman & CEO Gary Kelly appeared on the program to discuss his company's quarter, the rebound in travel demand and navigating a labor shortage. The anchors also interviewed Dow CEO Jim Fitterling: The Dow component posting better-than-expected quarterly results and issuing upbeat guidance as it sees global economies improving in the second half of 2021. Also in focus: Elon Musk telling a crypto conference that he "would like to see Bitcoin succeed" and that Tesla would "most likely" accept Bitcoin for vehicle payments, Salesforce CEO Marc Benioff's comments to CNBC in reaction to what President Biden is saying about the tech industry, the road ahead for FAANG + Microsoft, the recent run-up in stay-at-home stocks, China reportedly weighing serious penalties for Didi just three weeks after its U.S. public debut, chip stocks and why Jim slammed Texas Instruments' handling of its earnings call as "ill-advised," and Goldman Sachs slaps Williams-Sonoma with a "sell" rating. 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 took an in-depth look at a busy day for the markets with a slew of earnings reports in the mix -- as stocks recouped all of their losses from Monday's sell-off. Dow components Coca-Cola, Johnson & Johnson and Verizon all beating analyst expectations with their quarterly results, Netflix falling amid concerns about a slowdown in subscriber growth, and Chipotle shares up sharply on earnings, revenue and sales as indoor dining continues to rebound. The anchors reacted to what United Airlines CEO Scott Kirby told CNBC about the carrier's outlook: He's "confident" United will return to profitability in the third quarter. They also highlighted Capitol Hill's "bipartisan bailout" of the airlines during the pandemic, and the lessons to be learned as lawmakers negotiate a bipartisan infrastructure bill. Cramer sounds off about a new study that claims J&J's COVID vaccine is much less effective against the Delta and Lambda variants than against the original virus. Also in focus: Electric vehicle maker Lucid Motors and the Churchill Capital IV SPAC scramble for shareholder approval votes ahead of a key deadline, billionaire investor Leon Cooperman's bullish take on big tech and FAANG, AMC Entertainment CEO Adam Aron taking on the additional role of Chairman and what it could mean for the stock, what's ahead for GameStop in wake of Netflix's foray into video games, the stocks that are benefiting from investors pushing aside worries about the Delta Variant, and JPMorgan Chase awards Jamie Dimon a bonus aimed at keeping him as Chairman & CEO for several more years. 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 talk about the world's richest man making history: Amazon Executive Chair and Blue Origin Founder Jeff Bezos taking flight on Blue Origin's first human space launch, riding aboard the company's "New Shepard" rocket along with three astronauts. Morgan Brennan was on the ground in Texas as part of our live coverage. The mission was successful as the capsule landed safely. After touchdown, Bezos called it his "best day ever." David, Jim and Morgan discussed what it all means for the future of space tourism. As for stocks, Jim and David explored how investors should approach the market rebound after Monday's sell-off, which was the worst for the S&P 500 in two months -- plus a look at the ten-year note yield falling to lows not seen since February. They highlighted movers including IBM, which posted-better-than-expected quarterly results and its strongest revenue increase in three years. Also in focus: Capitalizing on the FAANG trade, reports that say Apple is pushing back its return to the office deadline by a month to October -- and that the company told real-estate developers it wants to lease a large production campus in Los Angeles for its growing entertainment operations, whether now's the time to buy Snap, plus Bitcoin falling below $30,000 for the first time in a month: What the SEC and regulation could mean for the future of cryptocurrency. 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 began the new trading week with an in-depth look at the market sell-off, as investors focus on the spreading of the COVID-19 Delta Variant and the rate of vaccinations falling. The reopening trade -- including cruise line and airline stocks -- taking a hit, while the 10-year note yield falls to fresh five-month lows. Cramer explains why be believes the FAANG stocks are the key to this market: "Once FAANG has rolled over, then you can buy." Jim and David reacted to President Biden's "They're killing people" comment that slammed Facebook and social media for their handling of vaccine disinformation on their platforms -- and Facebook striking back at the White House with a response. The anchors also discussed former FDA Commissioner Dr. Scott Gottlieb telling CNBC that Facebook must do more to control misinformation. On the M&A and "stay-at-home" stocks front, the anchors discussed Zoom Video's biggest-ever acquisition: The company agreeing to buy cloud-based call center operator "Five9" in a $14.7-billion all-stock deal. On the flip side, billionaire investor Bill Ackman's "Pershing Square Tontine Holdings" SPAC dropped plans to buy a 10% stake in Vivendi's Universal Music Group worth $4-billion. Instead, Ackman plans to acquire the stake through his Pershing Square hedge fund. The anchors reacted to Ackman telling CNBC the SEC's view of the deal was a "dagger in the heart of the transaction." New details about Robinhood's upcoming IPO: In a regulatory filing, the trading platform says it anticipates offering 55 million shares at a price between $38 and $42 per share -- aiming for a valuation of up to $35-billion. Also in focus: Duke Energy's management under scrutiny from hedge fund Elliott Management, plus Dish Network and AT&T enter into a ten-year network services deal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.