Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber explored a rough morning for the markets: Stocks selling off and extending Tuesday's losses -- especially in the tech sector, while Bitcoin and other cryptocurrencies experienced their biggest one-day drop since March 2020 after China banned financial institutions and payment companies from providing crypto services. Bitcoin came close to falling below the $30,000 level. The anchors discussed how investors should approach the cryptocurrency crash and the big pullback in stocks -- including when it comes to some of the speculative names. But they also highlighted a bright spot: Target shares up sharply after much better-than-expected Q1 results, as same-store sales more than doubled analysts' forecasts. The anchors reacted to what Target CEO Brian Cornell told CNBC about how the retailer is navigating supply chain issues. Big discussion surrounding Jim Cramer's tweet about AT&T: "Debating putting the $T people on the Wall of Shame.. They have earned it. You really have to work at it to get on the wall”. Also in focus: The future for Apple TV+ in wake of the WarnerMedia-Discovery merger deal, plus earnings winners and losers. 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 retail earnings: Walmart, Home Depot and Macy's each posting better-than-expected quarterly results. Walmart and Macy's citing government stimulus as one of the catalysts behind their numbers. The anchors explored what the retailers' results tell us about the recovery and the role that increased vaccinations are playing in getting consumers back into the stores. They also discussed the jump in lumber prices and how they figured into Home Depot's results. M&A also in the spotlight: AT&T shares down sharply one day after announcing it has agreed to merge its WarnerMedia unit with Discovery. Looking back at Monday's appearances by AT&T CEO John Stankey and Discovery CEO David Zaslav on the 10am ET hour of "Squawk on the Street", the anchors reacted to two comments: What Stankey said about AT&T's dividend -- and Zaslav's remarks on succeeding with production and content. Meantime, sources say Amazon is in talks to acquire MGM Studios. Other stories in focus: A report from the New York Times saying that "In China, Apple Compromises on Censorship and Surveillance", why being long Bitcoin was the most crowded trade in Bank of America's fund manager survey for May, the Elon Musk effect on cryptocurrency, the road ahead for auto-related SPACs, and regulators getting ready to review CN's takeover offer for Kansas City Southern. 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 deal of the morning: AT&T and Discovery announced a deal to combine Discovery with AT&T’s WarnerMedia unit. The combination would be co-owned by current shareholders of both companies, and would put streaming services HBO Max and Discovery+ under one roof -- positioning it to challenge the likes of Netflix and Disney+. The anchors explored what the WarnerMedia-Discovery merger could mean for the streaming landscape, the media industry overall and investors. The reopening trade also in focus after the CDC defended the agency’s decision to tell people who are fully vaccinated against Covid-19 they can go without a mask -- but the new guidelines do not lift local mask mandates. The anchors reacted to CDC Director Dr. Rochelle Walensky's comments on NBC's "Meet The Press" -- and explored the challenges businesses are facing in wake of the decision on masks. Companies such as Walmart, Starbucks and Costco have dropped their mask requirements. On the crypto front, Elon Musk out with tweets clarifying "Tesla has not sold any Bitcoin." This coming after his tweets over the weekend hinting the automaker was considering or may have already sold some of its Bitcoin holdings. Bitcoin recouped some of its losses after the cryptocurrency fell below $43,000. Also in focus: What's sending stocks lower after a volatile week, plus Spotify CEO Daniel Ek saying his bid to acquire U.K. soccer club Arsenal was rejected. 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 capped a volatile week for the markets with a look stocks extending Thursday's rally, shrugging off inflation fears and weaker-than-expected retail sales data for April. Disney shares bucking the morning's uptrend as slowing subscriber growth for its Disney+ streaming service overshadowed better than expected earnings. The reopening trade in the spotlight after the CDC announced updated guidelines saying fully vaccinated people can go without masks both indoors and outdoors except in certain cases. The anchors reacted to what former FDA commissioner Dr. Scott Gottlieb told CNBC about the guidelines. On the crypto front: Shares of Coinbase jumped in reaction to its first quarterly results since going public -- and Dogecoin soars after Elon Musk tweeted that he is working with the cryptocurrency's developers to improve its efficiency. Exxon Mobil Chairman & CEO Darren Woods joined the program exclusively to discuss everything from activist pressure on the oil giant -- to his thoughts on the fallout from the Colonial Pipeline hack. Also in focus: DoorDash surges on quarterly results, plus Kansas City Southern terminating its deal with Canadian Pacific and agreeing to accept what it calls a superior takeover offer from railroad rival CN. 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 a sell-off fueled by inflation fears -- resulting in the worst day for stocks since winter -- Carl Quintanilla, Jim Cramer and David Faber explored the rebound in stocks after three days of selling. The jump coming despite newly-released wholesale inflation data showing the Producer Price Index for April up 0.6% overall from the prior month -- twice as high as expected. Big tech names such as the FAANG stocks bouncing back - how should you play them now? The anchors reacted to what Softbank CEO Masa Son told CNBC about his outlook for tech -- he said fundamentals are strong and companies are still growing. As for the labor market: Carl, Jim and David highlighted news from two big companies: Amazon announced it is hiring 75,000 employees across fulfillment and transportation, with average starting pay of over $17 per hour and sign-on bonuses of up to $1,000, while McDonald's says it is raising hourly wages at company-owned locations as it looks to bring on 10,000 workers over the next three months at just over 650 stores. This comes as government data show weekly jobless claims fell to a pandemic-low 473,000. The anchors also discussed Bitcoin sliding back below $50,000 after Elon Musk tweeted that Tesla has stopped accepting the cryptocurrency for vehicle purchases, citing concerns about "rapidly increasing use of fossil fuels for bitcoin mining." Also in focus: Colonial Pipeline's post-hack restart and how soon the gasoline shortage might end, Alibaba shares falling despite a surge in e-commerce revenue, and what to expect from retail sales data due out Friday. 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 by discussing new inflation data’s impact on the markets: The Consumer Price Index up 4.2-percent from year-ago levels -- the fastest pace in 12 years. That news adding to this week's tech sell-off and impacting names from Apple to Tesla. Recent weakness continues for Cathie Wood's ARK Innovation ETF, which is now down more than a third from its February highs. The anchors explored what's next for the "Wood-Stocks" in that ETF -- and reacted to comments about inflation and growth stocks that Wood made at her firm's webinar. They also took a closer look at the impact from the Colonial Pipeline hack, resulting in gasoline shortages across the Southeast and long lines at gas pumps. Carl, Jim and David reacted to comments from Energy Secretary Jennifer Granholm, who said there’s no need for people to hoard gasoline because Colonial has said it is hoping for full restoration by the weekend. Also in focus: St. Louis Fed President James Bullard responds to billionaire investor Stanley Druckenmiller's criticism of the policymakers' approach to an economic rebound, the outlook for auto stocks such as Ford amid the global chip shortage, and sales of Tesla's made-in-China vehicles slumping 27% in April from March. 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 by discussing the extension of the tech sell-off dragging down the markets overall -- with Tesla, semiconductors and FAANG names among those under pressure. Cathie Wood's ARK Innovation ETF extending losses of its own, down more than 14-percent for the month. The anchors explored whether now's the time to buy some of the ETF's beaten-down components such as Zoom, Roku and Twilio. They also reacted to what billionaire investor Stanley Druckenmiller told CNBC about Fed policymakers -- he says they are failing to adjust to improved economic conditions by clinging to an emergency policy. Also in focus: The EPA's response to the Colonial Pipeline ransomware attack and what it could mean for gas prices, Biotech firm Gingko Bioworks agreeing to go public in a $15-billion SPAC Deal, What the CEO of Simon Property Group is saying about earnings and what he's seeing from shoppers at the malls, and L Brands' decision to spin off Victoria's Secret and Bath & Body Works into two public companies. 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 a new week with a look at tech stocks under pressure, after Citi downgraded Facebook and Google parent Alphabet to neutral. But that news didn't stop the Dow from hitting a new all-time intraday high -- as money rotates out of tech into industrials and other sectors. The anchors reacted to what ARK CEO Cathie Wood told CNBC about how such rotation has taken a toll on the performance of her firm's Innovation ETF. Elon Musk's mention of Dogecoin during his appearance on Saturday Night Live sent the cryptocurrency plummeting -- at one point losing more than a third of its value on Sunday. The anchors explored the upward momentum in Ethereum, as well as the mindset of the Robinhood cohort/new group of investors -- what they're buying and what they're shunning. Also in focus: Oil prices react to Friday's cybersecurity attack on the Colonial Pipeline – the country's largest fuel pipeline, and earnings winners and losers including Marriott and what the hotel giant is saying about its quarterly results and booking demand amid the pandemic. CNBC returns to the NYSE for the first time since the pandemic began. At the "Big Board", Bob Pisani interviewed NYSE President Stacey Cunningham about the exchange adjusting its COVID health and safety protocols -- easing restrictions on the trading floor and welcoming the return of media outlets. 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 a deep dive into the April employment report and what it could mean for the recovery and the markets. 266,000 non-farm jobs were added, well below the one million jobs economists had been expecting. The unemployment rate rose to 6.1-percent, but more people entered the workforce in April. The debate has intensified: Are government unemployment benefits giving potential workers an incentive to stay home? That's one of the questions the anchors asked U.S. Labor Secretary Marty Walsh when he appeared on the program to discuss the jobs report, labor shortages and the recovery. It was a good morning for tech stocks as shares of Peloton, Square and Roku rose sharply in reaction to their quarterly results -- Peloton up despite lowered guidance in wake of its treadmill recall. Carl, Jim and David also reacted to what SEC Chairman Gary Gensler told CNBC about the Archegos fallout and regulating Bitcoin -- this ahead of Elon Musk's scheduled guest host appearance on "Saturday Night Live". The watch is on to see what Musk might say on SNL about 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 took a wide-ranging look at the reopening trade: Uber shares under pressure after the company reported a revenue miss, vaccine makers such as Pfizer, BioNTech and Moderna saw their shares take a hit after the Biden Administration announced that it supports waiving intellectual property protections for COVID-19 vaccines, and Peloton trying to rebound one day after announcing voluntary recalls of its treadmill machines over safety concerns. The anchors also reacted to comments made to CNBC by Uber CEO Dara Khosrowshahi and Pfizer CEO Albert Bourla. Lots of reaction to earnings from the likes of ViacomCBS, PayPal, Kellogg, and Etsy. That also goes for Norwegian Cruise Line -- the company says "a potential mid-summer restart from U.S. ports could be in jeopardy" depending on talks with the CDC. The anchors also engaged in a lively discussion about the run-up in cryptocurrencies such as Ethereum -- and what PayPal CEO Dan Schulman said about his company's crypto strategy. The hour ends with more on the economic reopening: Carl, Jim and David spoke about how they finally got together for the first time in 14 months -- at Cramer's restaurant in Brooklyn. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.