Squawk on the Street

One day after the Fed raised its expectations for inflation and indicated rate hikes could come as soon as 2023, Jim Cramer and Scott Wapner weighed in on reaction to that news, especially from billionaire investor and Appaloosa Management chief David Tepper. Wapner says Tepper told him the "Fed did a good job" and that its approach shows policymakers are not asleep at the wheel. Tepper also told Scott that he thinks "the stock market is still fine for right now." The anchors also discussed Mark Cuban's claim in a tweet that he took a "hit" from a cryptocurrency crash involving the Iron Titanium token also known as TITAN, which plummeted from over $60 Wednesday to a fraction above zero early Thursday morning. Lockheed Martin CEO Jim Taiclet joined the program exclusively -- marking one year on the job as head of the world's largest defense contractor. He discussed what the geopolitics landscape means for the aerospace/defense industry and how 5G is playing a big role in his company's growth strategy. Also in focus: What Intel CEO Pat Gelsinger said during the CNBC Evolve Global Summit about chips and supply chains, Kroger's earnings and what the CEO of supermarket rival Albertsons told CNBC about the state of the consumer, and Bob Chapek's stewardship as CEO of Disney -- as J.P. Morgan reiterates an "Overweight" rating on 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.

Jim Cramer and Scott Wapner led off the show by previewing the big event of the day for investors: After wrapping up a two-day meeting, The Fed set to issue its policy statement -- the watch is on to see what Chair Powell and fellow policymakers will say about their approach to inflation. General Motors announcing the automaker is boosting its global spending on electric and autonomous vehicles by 30-percent, totaling $35-billion through 2025. GM Chairman and CEO Mary Barra joined the program exclusively to talk about the company's E-V strategy and updated guidance. The anchors reacted to comments from heavy hitters at the CNBC Evolve Global Summit: The head of the IMF shared her take on supply chains and the global economy -- and the CEO of Novartis spoke on health care and helping to produce COVID vaccines in a post-pandemic world. Also in focus: Oracle shares slumping despite better-than-expected quarterly results, ARK Invest's Cathie Wood buys $42-million in DraftKings after the stock took a hit Tuesday on a short-seller report, and big tech critic Lina Khan named Federal Trade Commission Chair -- the anchors explored how far she might go to push for a breakup of companies such as Facebook and Amazon, and what that could mean for FAANG stocks. 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 led off the show with a look at key inflation and retail data on day one of what some are saying is the most important Fed meeting of Chair Jerome Powell's tenure. The Producer Price index for May coming in hotter than expected and retail sales showing a bigger than expected decline. The anchors looked at what it all means for the markets and Wednesday's much-anticipated Fed statement -- how will policymakers tackle inflation? Jim and Scott also reacted to JPMorgan Chase CEO Jaime Dimon saying the bank is hoarding cash because there's a "very good chance" inflation is here to stay -- and American Express CEO Steve Squeri telling CNBC why he's bullish on the American consumer when it comes to spending and the recovery. The meme stocks also in the spotlight: AMC Entertainment extending its rally after soaring 33-percent over the last two session, with Petco jumping into fray after surging 18-percent on Monday. The anchors engaged in a wide-ranging discussion about comments Morgan Stanley CEO James Gorman made on CNBC -- he said he believes this year's big rally in meme stocks could be "a recipe for disaster." Also in focus: A new record high for the S&P 500, DraftKings shares tumble after Hindenburg Research announces it a taken a short position, The U.S. and EU announced a resolution of the 17-year dispute over aircraft subsidies involving Boeing and European rival Airbus, and Jamie Dimon speaks out about Jack Dorsey's Square. 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 kicked off the show by reacting to various comments legendary trader Paul Tudor Jones made to CNBC. Among them: This week’s Fed meeting is the most important of Jay Powell’s tenure, it's dangerous to say inflation is transitory, and if the Fed doesn't make an immediate "course correction" he's going to bet heavily on the inflation trade -- commodities, gold and crypto. Speaking of crypto, Bitcoin getting a lift after Elon Musk tweeted on Sunday that Tesla may resume accepting the cryptocurrency if 50 percent or more of so-called "bitcoin miners" use clean energy. The anchors also discussed the shakeup at Lordstown Motors: Shares of the electric truck maker tumbling after it announced both its CEO and CFO have resigned. Also in focus – a deep dive into the inflation trade: Chipotle gets a Wall Street upgrade after announcing price and wage hikes, autos and the chip shortage, and why FAANG names and other tech stocks may be ripe for buying. 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 the S&P 500 posted a record closing high and shrugged off inflation fears, Carl Quintanilla, Jim Cramer and David Faber looked at what's next for the historic run-up in stocks and the "meme stock madness" -- as well as why investors have refused to "get out of growth" names such as Caterpillar and Amazon despite the jump in CPI and the fall in bond yields. On the flip side, shares of Royal Caribbean and other cruise stocks took a hit after the company's Celebrity Cruises division announced that two passengers tested positive for COVID-19 on its "Celebrity Millennium" ship. After a double-digit percentage gain for the CNBC SPAC Post-Deal Index over the past month, David took an in-depth look at what's sparking SPAC performance and upward momentum. On the cyberthreat front, McDonald's says a data breach in South Korea and Taiwan has exposed some customer and employee information. Speaking of Asia, Chinese ride-hailing giant "Didi Chuxing" has made its U.S. IPO filing public -- reports say it may raise about $10-billion and be valued at close to $100-billion. Also in focus: Biogen continues to rally on FDA approval of its Alzheimer's drug, why it's been such a strong week for shares of Amazon, a tough day for Snowflake's stock, a upbeat Wall Street call on Zoom Video, and why Cramer tweeted about billionaire surtaxes. 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 dig through the massive movers of the morning. Including RH, after reporting adjusted quarterly profit and revenue that beat the street. The home furnishing retailer formerly known as Restoration Hardware also raising its full-year outlook. Plus, Signet Jewelers also skyrocketing after trouncing a $1.27 consensus estimate with adjusted quarterly earnings of $2.23 per share. The jewelry retailer’s revenue also beat estimates as same-store sales more than doubled from a year earlier, and Signet also raised its full year revenue forecast. Plus, Carl, Jim and David discuss the big revamp at GameStop. The company changing up its executive suite by hiring two former Amazon executives to top positions, with Matt Furlong named CEO and Mike Recupero tapped as Chief Financial Officer. Additionally, the company reported better than expected quarterly results, and said the SEC was seeking information on the recent trading frenzy in its stock. GameStop, also said it may sell 5 million additional shares from time to time. Plus, a report that United is in advanced talks to buy at least 100 Boeing 737 Max jets. 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 kicked off the show by highlighting another volatile day for the so-called "meme stocks": Chamath Palihapitiya's Clover Health surges to a new record high while Wendy falls after Stifel downgraded the stock to "Hold" from "Buy". The anchors explored what's next for both the new and old Reddit-fueled stocks. They also discussed the Senate's bipartisan passage of a $250-billion bill aimed at countering China's tech ambitions and boosting semiconductor production in the United States. Speaking of the government: The IRS says it is investigating the release of wealthy Americans' tax information in wake of ProPublica publishing details about the reported income and tax payments of multi-billionaires such as Jeff Bezos and Warren Buffett. Also in focus: Shares of Campbell Soup tumble on the company's weaker-than-expected quarterly results, Merck agrees to supply the U.S. government with its oral antiviral treatment for COVID, Why yields are falling as the S&P 500 is within striking distance of a record intraday high, and Lordstown Motors shares take a big hit after the electric truck maker said there was "substantial doubt" about its ability to continue as a going concern. The anchors reflected on what Lordstown's CEO told CNBC back in March about how "we never said we had orders". 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 new twist when it comes to the "meme stock madness" -- Wendy's and Chamath Palihapitiya's Clover Health each soaring after chatter about both companies grew on Reddit's WallStreetBets forum. AMC Entertainment and GameStop also experiencing gains. On the flip side, Bitcoin and other cryptocurrencies under pressure on worries about tighter regulation. The anchors also discussed the U.S. recovering millions of dollars in crypto that had been paid to the Colonial Pipeline ransomware hackers. Southwest announcing it has agreed to add 34 Boeing 737 Max jets to its orders for 2022, bringing the total orders for that year to 234. Honeywell Chairman & CEO Darius Adamczyk appeared on the program to discuss his deal to form the world's largest quantum computing business -- looking to capitalize on what he says is projected to become a $1-trillion quantum computing industry. Carl, David and Jim had a wide-ranging discussion about a report from ProPublica: The investigative journalism group says it has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth - sometimes, even nothing. Also in focus: FDA Approval of Biogen's Alzheimer's drug and what it means for 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.

A big morning for "Squawk on the Street" as Carl Quintanilla, Jim Cramer and David Faber mark the show's return to the New York Stock Exchange for the first time since March 2020, discussing what it means to be back at the "Big Board", how businesses are pushing to reopen and where the reopening trade fits into the picture. NYSE President Stacey Cunningham joined the program to talk about the exchange's reopening progress as well as the volatility in meme stocks. The anchors also reacted to the G-7 agreement to pursue the Biden Administration's idea of a global minimum corporate tax rate of at least 15 percent. On the M&A front, private equity firms Blackstone, Carlyle and Hellman & Friedman team up to acquire medical supply company Medline in a $34-billion leveraged buyout. Also in focus: Twitter & Square CEO Jack Dorsey making a bullish case for Bitcoin, Jeff Bezos' plan to join a Blue Origin space flight in July, Tesla cancels production of its Model S Plaid+ vehicle, and Biogen shares rise ahead of an FDA decision on whether to approve the company's Alzheimer's drug. Bristol Myers Squibb CEO Dr. Giovanni Caforio appeared on the program to discuss his company's cancer drug pipeline -- including the future for Opdivo which has experienced slower sales growth. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On this "Jobs Friday", Carl Quintanilla, David Faber and Morgan Brennan discussed market reaction to the much-anticipated employment report, which shows the U.S. added 559,000 jobs in May -- doubling April's numbers but still below consensus estimates. The unemployment rate fell to 5.8%. Labor Secretary Marty Walsh joined the program in a "First on CNBC" interview about the jobs report and what's ahead for the recovery, inflation and infrastructure talks. "Meme stocks madness" once again in the spotlight: Shares of AMC Entertainment volatile after tumbling on Thursday. CEO Adam Aron is urging shareholders to back his plan for the company to issue 25 million more shares. The anchors reacted to what Aron said about the plan to Trey Collins, host of the "Trey's Trades" YouTube channel. On the crypto front, Bitcoin falls after Elon Musk tweets a breakup meme. Sources telling David that a SPAC backed by Bill Ackman's Pershing Square confirms it is in talks to buy a 10-percent stake in Universal Music Group. Also in focus: Stock winners and losers including GM, Ford and Wells Fargo – and a preview of Squawk on the Street’s return to the NYSE on June 7. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.