Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber began the show with an in-depth look at Netflix's quarterly results -- the stock tumbling on a bigger-than-expected decline in subscriber growth. The anchors also reacted to comments Netflix Founder and Co-CEO Reed Hastings made on his company's earnings call – he said there is "no real change" Netflix can detect in the competitive environment. Also on the earnings front, Verizon beat on the top and bottom line but lost more wireless subscribers than expected during the first quarter. The program featured a live report from Minneapolis on the Derek Chauvin verdict. Apple in the spotlight the morning after its new product launch -- including iPad Pros that use the company's M1 chip and have 5G support. The anchors discussed Morgan Stanley analyst Katy Huberty's call to raise her price target on Apple to $158. Also in focus: Travel amid the pandemic -- Goldman Sachs upgrades Norwegian Cruise Line to "Buy" while airline shares fall, the SPAC fallout and the SEC crackdown, a follow-up on Canadian National's $33-billion takeover bid for Kansas City Southern, and in a regulatory finding, Emergent BioSolutions said the FDA has asked the company to temporarily stop producing materials for COVID-19 vaccines while U.S. regulators investigate its plant in Baltimore responsible for ruining millions of Johnson & Johnson shots. 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 with a look at the earnings parade, including results from Dow components IBM, Procter & Gamble, Johnson & Johnson and Travelers. The CEO of Canadian National appeared on the program to discuss the railroad operator's offer to acquire Kansas City Southern for $325 per share in cash and stock. The transaction is valued at more than $33-billion including debt and tops the $275 per share deal Canadian Pacific struck with KC Southern. The anchors explored the reopening trade in wake of rising COVID cases: How long might it take to get people who are fully vaccinated back into the office? Also in focus: A preview of Apple's product event, United Airlines posts a wider-than-expected Q1 loss, Boeing extends the retirement age for CEO Dave Calhoun, what to expect from Netflix's quarterly earnings and subscriber numbers due out after the bell, and Cramer explains why he believes Fisker is not "the next Tesla." 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 let off the show by discussing working our way back to normal: Jim and David being on set together for the first time in 13 months. They segued to Bitcoin's weekend sell-off and what it means for cryptocurrency and shares of Coinbase after last week's public debut. Coinbase's CEO sold shares of his stock and ARK Invest's Cathie Wood bought more Bitcoin. Semiconductors also in the spotlight: The UK government has intervened in Nvidia’s proposed $40-billion deal to acquire chip designer ARM on national security grounds. On the earnings front, Coca-Cola posted better-than-expected quarterly results and improved margins. Also in focus: The union that lost an election aimed at unionizing an Amazon warehouse in Alabama filed a federal complaint accusing the company of illegal interference, Dr. Anthony Fauci ‘s comments about the future for Johnson & Johnson's halted COVID vaccine, anchor reaction to what Disney CEO Bob Chapek said in a Barron's interview about streaming subscribers returning to reopened movie theaters and what the future holds for blockbuster film budgets, Peloton shares down sharply after a federal agency warned consumers to stop using the company's "Tread+" treadmill, and Tesla shares under pressure as authorities in Texas are looking into a Tesla crash over the weekend that killed two men. According to a report, no one was behind the wheel of the car. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re capping off our inaugural week packed with powerhouse guests and the top stories in tech with an exclusive interview with Airbnb CEO Brian Chesky. He discusses the future of work and his travel expectations post-Covid with our Deirdre Bosa. Plus, big time tech investor Jason Calacanis joins us to weigh in on the week of market debuts, Coinbase’s implications for crypto and Robinhood’s fight in Massachusetts. We’ve also got new product news coming up next week from Apple-we’re digging into customer loyalty to both Apple and Amazon remaining high. And our Julia Boorstin takes us live to Universal Studios Hollywood on re-opening day. CNBC’s Josh Lipton also joins to break down the chip stocks to invest in right now. That and so much more today on the show. 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 discussed a record run for stocks: The Dow closed above 34,000 on Thursday for the first time, going on to hit fresh all-time intraday highs at the market open along with the S&P 500. The anchors highlight stats which show U.S. stocks' 76% jump year-over-year from March 2020 lows marked the biggest such surge in 100 years. The anchors also took a closer look at Morgan Stanley's record first-quarter profit along with the losses related to the Archegos hedge fund scandal: What do this week's bank earnings mean for the financial sector going forward? The Treasury Department released a report saying it is keeping China on a watch list of countries with questionable currency practices but is not labeling it a currency manipulator. In the trading spotlight: Massachusetts regulators are seeking to revoke Robinhood's license as a broker-dealer in the state, accusing the firm of "aggressively inducing and enticing trading among its customers" - plus Greenlight Capital's David Einhorn blaming Chamath Palihapitiya and Elon Musk of throwing "jet fuel" on the GameStop trading frenzy. Also in focus: The reopening trade and the challenges Johnson & Johnson faces with its COVID vaccine on pause, David Faber's weekly SPACs report, and the state of the IPO market in light of this week's Coinbase direct listing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Lots to cover in tech today. We’ve got a packed show. We hit the biggest news of the day in tech with Kanyi Maqubela of Kindred Ventures. He gives us his take on Bezos’ comments to shareholders on the Alabama union vote defeat and the record-breaking Coinbase market debut yesterday. On the Coinbase front, the OG investor in the crypto platform Garry Tan joins on why he got in early and his initial belief in the company. Plus, we’ve got AppLovin CEO Adam Foroughi ahead of the IPO shaping up to be one of the largest this year. Finally, we’re tracking Jack Ma as he resurfaces for the first time since October with Financial Times reporter Ryan McMorrow. 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 discussed the catalysts sparking another record-setting day for the Dow and S&P 500: U.S. retail sales jumped 9.8% in March as more Americans were vaccinated and spent $1,400 stimulus checks, jobless claims sunk to a post-pandemic low of 576,000 last week, and Bank of America and Citigroup posted first-quarter results that beat Wall Street Estimates -- and Citi announced it is exiting consumer banking in 13 countries including China, Vietnam, India and Australia. Delta Air Lines CEO Ed Bastian joined the program exclusively to discuss everything from the surge in travel bookings as vaccinations increase --to the company's stance on the Georgia voting law. The anchors also took a closer look at what's next for Coinbase one day after its strong public debut -- the cryptocurrency exchange finished Wednesday's trading session with a market value of almost $86-billion. Also in focus: Walmart investing in General Motors' "Cruise" self-driving car subsidiary, Dell outlining its VMWare spin-off plan, and Merck saying its antiviral pill for COVID shows promise for non-hospitalized patients. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’ve got a new show and we’re in the swing of things. Today on the show, CNBC’s Carl Quintanilla, Jon Fortt and Deirdre Bosa take a deep dive into the long-awaited Coinbase IPO and talk the future of crypto with Coinbase investor Ron Conway. Plus, we’ve got an exclusive interview with Slack CEO Stewart Butterfield, and Julia Boorstin joins to break down a CNBC.com scoop on the recent GOP retreat that brought together major donors and leaders at Trump’s Mar-a-Lago resort. 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 program with a closer look at an historic moment for cryptocurrency: Coinbase -- the largest crypto exchange in the U.S. -- going public with a direct listing on the Nasdaq, as Bitcoin surpasses $64,000 for the first time ever. The anchors explored what Coinbase's debut could mean for the crypto industry and investors -- and reacted to Coinbase's CEO telling CNBC why he's bullish about growing its institutional customer base. They also took a deep dive into the first day of big bank earnings with results from JPMorgan Chase, Goldman Sachs and Wells Fargo. Shares of Moderna rose after it released new data showing its COVID-19 vaccine was more than 90% effective at protecting against the virus -- and more than 95% effective against severe disease up to six months after the second dose. Carl, Jim and David discussed the Johnson & Johnson COVID vaccine pause and what Moderna's CEO had to say about it. They also talked about the breaking news involving Bernie Madoff: The mastermind behind the biggest investment fraud in U.S. history has died at the age of 82. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

TechCheck Day 2! On our second day as a new show, CNBC’s Carl Quintanilla, Jon Fortt and Deirdre Bosa talk to Twitter’s Former CEO Dick Costolo about Grab, SPACs, valuations and how Bitcoin keeps climbing higher. Then, Affirm’s Founder & CEO Max Levchin weighs in on the future of payments and gives us a gutcheck after the company’s IPO earlier this year. We also hit the J&J news of the day and Julia Boorstin talks Facebook’s plan to delve deeper into the dating space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.