Squawk on the Street

One day after shares of AMC Entertainment closed up a whopping 95-percent, Carl Quintanilla, David Faber and Morgan Brennan led off with the big story of the morning: AMC’s stock tumbling after the theater chain filed to sell more than 11.5 million common shares "from time to time". But in its regulatory filing, AMC also warned investors about the stock's recent volatility: "Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment." IMAX CEO Richard Gelfond joined the program and offered his take on the AMC frenzy, theater re-openings and what they all mean for his business. The anchors also discussed the regulatory picture for some of the so-called "meme stocks" with a former SEC official. General Motors and Ford among the S&P 500's best performers on a rough day for stocks: GM announcing it expects first half results to be "significantly better" than prior guidance, while Ford reports U.S. auto sales up 4.1-percent in May. Also in focus: Blackberry riding the Reddit-fueled rally – the stock up 75-percent over five days, and the picture for crypto one day after Dogecoin's 30-percent surge. 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 led off the show with another day of "meme stock madness": Shares of AMC Entertainment soaring for a second consecutive session. CEO Adam Aron reaching out to retail shareholders by unveiling "AMC Investor Connect", which includes perks such as free popcorn and special rewards for AMC shareholders who patronize the company's theaters in the United States. The anchors also reacted to what prominent media investor Mario Gabelli told CNBC about investor reaction to AMC. Also on the theater front, Goldman Sachs downgraded IMAX and Cinemark to "Sell" from "Neutral." Carl, David and Mike also discussed the latest saga involving Elon Musk and the SEC: Regulators reportedly told Tesla once in 2019 and once in 2020, that it had failed to properly approve tweets by Musk on two occasions. Zoom Video also in focus after the company's better-than-expected quarterly results and upbeat guidance. The anchors and an analyst who covers Zoom explored what's next for both the stock and the work-from-home trade. KBW CEO Tom Michaud joined the program to discuss the rally in bank stocks, which have tripled the performance of the S&P 500 so far this year. 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 kicked off the first trading day of June with a look at the reopening trade getting stocks off to an upbeat start after a mixed month of May. AMC Entertainment shares received a major boost, soaring on the announcement of a new stock sale. The anchors discussed that development and the future for so-called "meme stocks" with two Wall Street analysts, one of which reiterated its "sell” rating on AMC. Infrastructure negotiations also in the spotlight, as the White House sets a June 7 deadline for GOP lawmakers to reach a deal. Carl, Jim and Mike also reacted to Elon Musk tweeting that Tesla vehicle prices are rising due to supply chain pressures, plus Intel CEO Pat Gelsinger telling a conference in Taipei that he thinks recovery from the chip shortage could take several years. Also in focus: SoFi begins trading on the Nasdaq after combining with Chamath Palihapitiya's "Social Capital Hedosophia V" SPAC, Cloudera agrees to be taken private by KKR and Clayton, Dubilier & Rice in a $5.3-billion, deal, and what to expect from Zoom Video's quarterly results due out after the bell. 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 big market movers of the morning including the meme stocks. The Biden administration is set to release its first budget later today. Best Buy pointed to the hot housing market as one of the key reasons for strong sales in the fiscal first quarter. CEO Corie Barry said the company has a “unique advantage” by selling products and offering services, such as home installations. Some analysts, however, have cautioned that the retailer could see dampened demand as consumers spend less on technology and devices and more on dining out. Jim Cramer gives his take. CNBC’s Carl Quintanilla looks at the SPDR S&P Retail ETF and the stock that’s helping it move higher. Plus, Boeing fell 1.2% in the premarket on news that the jet maker had halted deliveries of its 787 Dreamliner. CNBC’s Phil LeBeau reports. 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 discuss the market moves, as we inch towards the end of May. Plus, David’s reporting on activist firm Engine No. 1 winning at least two board seats at Exxon following a historic battle over the oil giant’s board of directors. Plus, Biden’s economic agenda is front and center as Senate Republicans unveil their $928 billion infrastructure counteroffer to President Joe Biden today. Plus, Geoffrey Martha, Medtronic Chairman and CEO, discusses the company’s fourth-quarter earnings beat and outlook. Plus, Snowflake’s recent earnings report and how deal making will change after 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.

Carl Quintanilla, Jim Cramer and David Faber begin the morning with breaking news, as Amazon buys MGM Studios for $8.45 billion. It’s Amazon’s most ambitious move into the entertainment business and its second-largest acquisition. Amazon paid $13.7 billion for Whole Goods back in 2017. Carl, Jim and David discuss the big rally in meme stocks, as GameStop & AMC surge. Plus, the most well-known CEOs on Wall Street prepare to testify before the Senate Banking Committee at 10am ET time. 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 discuss the massive swings in crypto. Elon Musk announcing he met with bitcoin miners to address environmental concerns surrounding digital currencies. Plus, David’s new reporting on Amazon closing in on a deal with MGM. Shares of Lordstown getting crushed after slashing its production forecast for its EV pickup. IAC completing its spinoff of Vimeo. Plus, Carl, Jim & David discuss the other movers of the morning including, Live Nation, United, Alaska Air and the big banks. 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 discuss the massive volatility in crypto. Bitcoin rebounding after a wild weekend that took it below $32K. Plus, David’s exclusive interview with Liberty Media Chairman, John Malone. Hear what he had to say about the Discovery – WarnerMedia merger and more. Plus, Carl, David and Jim dig through the big movers of the morning. Virgin Galactic soaring after it held a successful test flight over the weekend of its SpaceShipTwo craft. Jim’s “Mad Dash” takes a bite out of Beyond Meat. The maker of plant-based meat alternatives receiving a double upgrade at Jefferies to “outperform” from “underperform,” based on an expected recovery in organic growth and rebounding foodservice channels. 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 discussed a volatile week for both stocks and cryptocurrency, with the major indices extending Thursday's gains. Cramer explains why he believes the linkage between moves in crypto and the broader market is going to end soon. The anchors also explored where the potential regulation of crypto comes into the picture -- and how SEC Chairman Gary Gensler has his hands full on many fronts. A twist in the aftermath of the WarnerMedia-Discovery merger deal: Jim puts AT&T CEO John Stankey and his predecessor Randall Stephenson on Cramer's "Wall of Shame." AT&T did receive a pair of Wall Street upgrades. The stock has taken a hit since the deal was announced. The anchors previewed what to expect when Apple CEO Tim Cook takes the stand today in the trial pitting Apple against "Fortnite" creator Epic Games -- the dominance of Apple's app store at the center of the dispute. David and Jim also reacted to media mogul Barry Diller's comments to CNBC about Apple -- saying the tech giant overcharges companies in a "disgusting manner." Also in focus: Nvidia setting a 4-for-1 stock split, and analyst Adam Jonas of Morgan Stanley says people should listen to Cramer's message on the "speculative nature" of investing. 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 looked at the road ahead for the markets, as stocks look to break a three-day losing streak. They explored whether the worst could be over for supply chain issues and chip shortages. Cisco shares down sharply despite posting better-than-expected quarterly results. The anchors reacted to CEO Chuck Robbins telling CNBC that Cisco experienced its highest order growth in a decade. They also discussed the volatility in cryptocurrencies one day after Bitcoin fell as much as 30-percent before recouping some losses: Bank of America out with a note saying it took Bitcoin only three months to go from "trendy to tacky," while Cramer says it's time for the SEC and its chairman Gary Gensler to consider crypto an asset worth regulating. Also in focus: Ford unveiling its new electric F-150 Lightning pickup truck and what it could mean for Tesla and other EV makers, Oat milk maker "Oatly" going public one day after Web hosting company Squarespace saw its stock drop sharply in its Wall Street debut, and Intel shareholders rejecting the company's executive compensation plan. The CEO of Petco appeared on the program to discuss his company's results and game plan for growth in wake of the pandemic and recovery. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.