i'm carl quintanilla with jon fortt, julia boorstin.head we'll look ahead at what may lie ahead with semis but first our update. >> wholesale prices rose .3% in november, more than expected but year over year, wholesale inflation fell 7.4%, dropping for a fifth month in a row consumer sentiment is up more than forecasted. helped by inflation expectations dropping to a 15 month low university of michigan index jumped more than two points to 59.1 economists had expected it to be roughly unchanged. and a house report says major oil and gas companies, including chevron and bp are making only symbolic investments and climate change instead they're maintaining oil and gas use in the future. a report said the probe was done to create partisan theatre >>> finally taylor swift is branching out yet again. variety reports she's going to be directing her first feature film for search light pictures and also reportedly wrote the screen play. back to you. >> is there anything she cannot do we'll find out >>> let's get to chips as pro promised broad c

i'm jon fortt with carl quintanilla. checking in on the markets half past the hour.a good day so far to be long all the major indices up about a percent and a half which translates to just over 500 points on the dow. a news update now. >> here's what's happening right now, nike shares on fire, up over 10% and on track for the best day since june of 2021. that follows better than expected profit and revenue for the apparel and footwear giant they trimmed excess inventories during the quarter existing home sales fell 7.7% in november, according to the national association of realtors, a low supply of homes for sale kept prices high and rising mortgage rates discouraged buyers higher interest rates are an issue for auto buyer elevated car prices and higher interest rates have pushed the average payment for a new vehicle loan to $718 for december that's $47 higher than a year ago. and the firm says that will result in a sales decline for the month. two major movie theatre chains talked about joining forces amc said in an s.e.c. filing it held talks with lenders to bankru

. >> good thursday morning i'm carl quintanilla with john fort t t at the new york stock exchange and the nasdaq's down more than 2% and we'll dig into the ugly end of the year. sam bankman-fried extradited from the bahamas as his former colleagues plead guilty to criminal charges and we'll fill you in on the crypto fallout chips take a dive. micron falling after that disappointing quarterly result we will break down the landscape in semis, john man, what a turn today >> indeed. let's start with the semis at the core of today's sell-off the smh down 4.5%. micron following this morning and not as much as a lot of the others after it missed on the top and bottom lines lower than expected guidance. it also announced a restructuring plan for 2023. that includes reducing head count by 10%, suspending bonuses company-wide and sanjay placing the blame on lower demand in most markets and customers bloated, yes, inventories. micron not even the worst performer and lam research down 9% applied materials and nvidia, kla down sharply, as well. carl, this in a way isn't a surprise and we've been t

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa yet another tech name going pra private, thoma bravo buys coupa. and more on top picks from netflix to robinhood names the stwrreet is betting on econ data just crossing tapes. steve liesman? >> good morning. improvement in the federal reserval inflation expectations gauge. the new york fed out with a consumer expectations survey showing one year inflation expectations fell most on record for this series. back to 2013 they are down by 0.7% to 5.2%. in a is still high, but it's lowest measure for the one-year ahead expect aces since august 2021 here are the full suite of expectations that one-year still high at 5.2, but down 0.7. three year down 0.1. up to 4% august 2021 and down year the fed's target, five-year, 2.3% down 0.1 earnings growth suspected declined 0.2% to 2.8%. guys, one of the things fed watches closely. a bit of good news on the inflation front. >> steve liesman, thank you. >>> we're going to start our feed today on "techcheck" with coupa. surging on news the company signed an all-cash deal with t

i'm carl quintanilla with deirdre bosa and jon fortt today is the microsoft activision deal going to come down to call of duty we'll break down microsoft's olive branch to sony today is there uncertainty at the top of salesforce. stock at its lowest level since march 2020 have two key executives recently departing. later, binance tried to connect the narrative, and two wall street firms with opposite tacks on crypto. >> take a look at the nasdaq, down 1.5% today. weaker start this week let's start with the divergence in small cap tech versus the mega caps. >> pretty familiar story it was the once most embraced stocks down. the nasdaq 1 wn for example did not establish itself as a leadership group this is the s&p tech sector, the nazdic 100, as well as small cap tech this tracks the smaller cap universe it's outperformed nicely on a one-year basis it's essentially not really had the valuations issues some of the larger stocks did. it's very hardware centric, a lot of semis, a lot of electrical equipment maybe more adjacent to industrials and less in the way of big internet and social

. ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramernd david faber. futures do lose some ground here as david tepper suggests caution on equities. hotter than expected final q3 gdp revision doesn't help but yields in the dollar still within yesterday's range our road map begins with legal pressure building. two former top ftx associates pleading guilty and cooperating with federal prosecutors as founder sam bankman-fried awaits his arraignment. >>> plus, believe the fed, david tepper telling cnbc he expects rates to keep rising and he's leaning short on equity markets. >>> and slumping computer chip demand has hit micron, which is now slashing 10% of its staff and suspending bonuses >>> let's begin with ftx founder sam bankman-fried back in the united states after being extradited from the bahamas last night. he could appear in federal court today as he faces criminal fraud charges related to the collapse of his crypto exchange meantime, federal prosecutors say two top bankman-fried associates, former alameda ceo and ftx cofounder, have

i'm carl quintanilla nike and fed ex will help. micron tonight packed agenda in washington today. our roadmap begins with better than feared. reports from fed ex and nike giving stocks a boost. >> plus tesla's tumble musk claiming macro economic factors as the latest reason for the stock being down the nfl reportedly nearing a sunday ticket deal with google's youtube. >> let's start with the earnings news boosting futures today. nike with the quarterly beat raising its outlook. ceo john donohoe saying the inventory peak is behind us. fedex beat on the bottom line and vowing more aggressive cost cuts jim, the nike story is the big one. day's inventory at the four quarter low. >> this was incredible, beat every single line. i think people should focus for a second on china, where we thought the people would be down 13%, up 6%, big delta there. north america strong, 14 520 basis points sequential acceleration black friday, very strong. cyber very strong. we had yesterday, dave, when we talked about matt lawson how he should buy it, a good call i think what really matters here is this

. ♪ >>> good nond monday morning, i carl quintanilla with jim faber and jim cramer futures having troubleetting out of reverse, despite more optimism about a china reopening and hong kong up 4% overnight. very busy week, inflation data, road map begins with china changing course. set to announce a further easing of its tough covid curbs as early as wednesday >> plus, speaking of china, signs of waning demand tesla is set to cut its output from its shanghai factory by more than 20%. and sbf goes to washington or at least he might do it remotely ftx founder sam bankman-fried says he will testify to the house financial services committee. >>> let's begin with the markets set to open lower after a week of gains jim, some critical levels, some argue, at this 200 day >> i think mike wilson, when he comes out and says -- morgan stanley -- that this is it, we're done with the rally, he has such gravitas that the market goes down, and look, i love a guy who has that kind of call i did not like the substance of the call, which is he felt that earnings were going to come down i think earnings for te

the street" coming up next ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanillaith jim cramer and david faber at the new york stock exchange bulls trying to put a five-session losing streak to bed this morning futures green, although some of that is pinned to oil, up 5% on news of this keystone pipeline interruption in nebraska road map begins with stocks looking to bounce back after five days down tesla continues to drag on the nasdaq >> plus exxon's updated capital plans, the oil giant looking to boost its buybacks, reduce greenhouse gas emissions, and double cash flow by 2027 >>> and we've also got an exclusive interview with black s stone's president, jon gray. we're going to be talking about concerns over the company's breit business >>> the s&p coming off five straight negative days yesterday, it was citi's chief, jane fraser, talking about the economy, warning that the u.s. might be headed toward a recession. >> compared to elsewhere in the world, it is good to be american and i think we've seen the resiliency in the economy. obviously, things are softenin

. ♪ >> good friday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer andavid faber at the new york stock exchange futures did lose their gains after that ppi data didn't quite give us the five handle we were looking for. question now is whether bulls worry about cpi next week. ten-year, as buckyecky said, 3.5 our road map begins with the latest read on inflation, likely complicating the fed's rate hike policy expectations. >>> plus back in the antitrust hot seat, the ftc is suing to block microsoft's acquisition of activision blizzard. >>> and shares of lululemon are under pressure this morning as the retailer offers weak holiday quarter guidance ceo calvin mcdonald will join us exclusively in just a few minutes. >>> let's begin with that hotter-than-expected november ppi number, a lot of it blamed on some services in the financial business, margin loan rates, things like that. >> if you're going to try to slow down spend, if you're going to try to keep people from doing things that are speculative, what do you do charge more financial services this is one

i'm carl quintanilla with jim faber and jim cramer we're coming off the worst session in almost a month. a lot of commentary from business round table we'll get to all of it oil is back to 57. our road map begins with fading ceo optimism, eroding consumer wealth and layoffs. >>> plus, taiwan boosting that investment in arizona. president biden is set to visit the planned plant today. >>> jamie dimon calling out crypto. >>> let's begin with the markets. jamie was talking about the con consumer, calling crypto a side show and pet rocks. >> jamie has a laundry list of things that he could trot out to be alarm buttons he says our military is good we all agree with that i was put off by it because what it said was i'm basically like everybody else i just don't think we can get out of the situation the situation is bad there's going to be inflation. there's going to be a recession. when i listen to that, i say, okay, we have strategists saying we don't like the market we have individual stocks being downgraded jamie is says, listen, nothing here david, i'm not hearing anyone say, you know wha

i'm carl quintanilla with morgan brennan and david faber at new york stock exchange.t set for a busy period of central bank decisions and ecobank data some green and tech as we watch mergers. vix a high. >> over 30 months -- 30 minutes into the trading session here are big movers we're watching on this merger monday, including three deals, amgen buying horizon therapeutics and weber taken private. weber closed at $6.50 on friday. trading above 8. we'll have more on all these names in a minute. one deal not getting done, rivian that paused talks with mercedes-benz on a joint venture to build electric vans in europe as the ev maker tries to be more conservative with their cash. >>> an analyst call to discuss brinker international is lower after goldman downgrades to sell goldman argues the macro back drop presents questions for pricing trends and pricing power. those shares are also down 2%. >>> investors and the market are awaiting more inflation data this week. we have cpi released tomorrow. plus the fed is kicking off a two-day meeting. cnbc is also out with a new fe

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. futures are red as the ecb and the bank of england hike 50 basis points retail sales post the worst print of the year, more signs disinflation is accelerating our road map begins with recession fears resurfacing. stocks set for a lower open as the fed remains hawkish. >> plus, tesla's troubles. they continue. shares will take another leg lower, it appears. elon musk continues to sell down his stake in the company >> we have travel downgrades rolling on jetblue, delta, marriott among the latest calls on the street today. >> let's begin with the markets extending losses following the fifty basis point hike yesterday at the fed chair powell stressed the importance of restoring price stability. >> i think my view and my colleagues' view is that this will take some time. we'll have to hold policy at a restrictive level for a sustained period so two good monthly reports are very welcome, of course, they're very welcome, but we naed to be honest with ourselves that there's inflation, 12 mont

i'm carl quintanilla with jon fortt. two earnings ceos this hour join us in just a moment. airbnb booking all downgraded today by various firms. later on, what we learned from biden's chip trip to arizona, jon, and what that means for u.s. industrial policy. >> yes, and we've got to start with

i'm carl quintanilla is time running out for tiktok maryland and texas ban the app on government devices while indiana sues over safety concerns >>> elon musk's bankers reportedly considering tesla margin loans to cut that risky twitter debt tesla lost nearly a quarter of its value since musk became chief twit >>> and the ceos of c3 ai and hashicorp join us. >> we will start with salesforce that stock down 20% in december alone. losses accounting for about a quarter of the dow's deline in december this morning baird downgrades to neutral. the concern growing in part because of the recent exodus of top executives and questions about the company's ability to execute. the "journal" also reporting that tensions had been growing between marc benioff and brett taylor for months before it was announced that taylor was stepping down. this morning, salesforce looking to shift investor perception the salesforce world tour kicking off in new york city as we speak frank holland has been in the room as marc benioff delivers his keynote. he has some highlights for us. what is he saying? >> yeah. marc

. >> good monday morning and i'm carl quintanilla with deidre bossa and jon fort t. it has accelerated timeliness outside of china one wall street firm says amazon could fall 45% from here given its exposure to inflationary cost headwinds and a potential impact from slowing consumption. stocks are down by that amount this year and we'll talk to the analyst behind that call and finally the crypto contagion continues and circle going public via spac. >> we'll start with apple and reports that it has plans to accelerate a shift which would see production move out of china and that comes amid continued covid lockdowns which has spurred protests across the country. several weeks ago, the biggest assembler of iphones protesting about unsafe working conditions. a time line for that move still extremely uncertain. for more let's bring in steve kovac and seema modi replacing it is no small feat. there's a reason china is there in the first place and it will not happen overnight it could take years, potentially. >> apple is heavily reliant on china, deirdre, and what we are st

i'm carl quintanilla with deirdre bosa and jon fortt today, stocks under pressure following that 50-point basis rate hike by the fed >>> elon musk sells another chunk of tesla, one firm says now is the time to buy we'll talk to the oppenheimer analyst who names it a top pick. >>> and can chips be key growth drivers in this market amd, nvidia and marvell are top picks. we'll begin with markets moving lower. our next guest sees a recession on the horizon and doesn't think the economy can keep up. joining us this morning is sven hendrick great to have you. >> great to be with you. >> so, i know for a moment there there was a period where you were beginning to think about being more constructive. is that gone again now >> we were constructive in october. the technicals told us that the rally was coming in on the s&p, and we got that this week. i'm still kind of constructive, you know, we're entering a positive seasonality period here into year-end and beginning of the year obviously the reaction we saw in the last couple of days is both technical but also exacerbated by the fed's hawkish stan

i'm carl quintanilla with jon fortt. two earnings ceos this hour join us in just a moment. some big stories on both fronts. then trouble in tech travel. expedia, trip, airbnb booking all downgraded today by various firms. later on, what we learned from biden's chip trip to arizona, jon, and what that means for u.s. industrial policy. >> yes, and we've got to start with mongodb it's up about 19% this morning after reporting beats on the top and bottom lines for the fiscal third quarter. strong guidance for the remainder of the fiscal year joining us now on cnbc, an exclusive, their ceo dave, good morning this is the tech stock of the morning for me because of what there is to learn about the overall -- the overall enterprise space from your results. so let's start with consumption. the trends seem to have stabilized give more color on what you saw on the difference between your q2 and q3, including kind of the selling by hyperscalers and isvs that helped you out. >> hi, jon thanks for having me what we saw in q3 was an uptick in consumption trends and it was broad based acro

i'm carl quintanilla with john cramer and david faber at the new york stock exchange. annual rate biggest deskhcline n two years. we'll talk implications for the fed. we'll begin with cpi fueling the rally this morning, jim. you said it's pretty remarkable. how much of this holds >> well, look, i think it's actually going to be better than holds. the areas that are still up are about to go down used cars are down that's just a -- i would say just a prediction basically about how much new supply is going to come on i do believe the housing chain has considerably slowed. the number of houses that are being built will soon come into fruition at the same time mortgages are still high energy is down and i think it's going to have a hard time rallying from here so, david, other than staying at home for food, which is a little odd, cereal, wheat, is at a very big low. feds have to win they have won on all these commodities. they took it from producer to consumer now, look, we still have a lot of help wanted >> 6% is not -- >> they got a raise. >> it's not nothing. it means a

. ♪ >>> good morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and davidaber, live at post nine of the new york stock exchange futures steady as we count down to the fed decision and press conference this afternoon. plenty to watch in the meantime as delta raises guidance and we track the continued collapse of ftx. our road map begins with decision day for the fed many investors hoping for the beginning of some slower rate hikes. >>> plus, tesla shares extend what have been significant losses recently. goldman-sachs cuts its price target on the stock as investors continue to express concerns about elon musk's focus on twitter. >>> and it's another day on capitol hill we'll have more hearings on ftx after its new ceo told lawyers yesterday that the company engaged in old-fashioned embezzlement under sam bankman-fried. >>> as we said, futures are muted this morning as investors await the fed's latest interest rate hike decision in its effort to crush inflation federal chairman jay powell will speak at 2:30 eastern given further clues about the road ahead for

. ♪ >>> good friday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramert the new york stock exchange david faber has the morning off. final blast of data before the holiday. weekend futures are green, as durables come in light core pce roughly in line, maybe a tenth heavy year on year personal spending, lightest since july our road map begins with tesla, shares on track to claw back some losses at the open. still heading for the worst month ever plus, recession fears dimming hopes for a year-end rally, and it's been called a once-in-a-generation storm, fedex warning of delayed deliveries and obviously thousands of flights canceled. we're going to begin, though, with elon musk vowing to pause sales of tesla stock during a twitter spaces chat yesterday. musk said, "you can count on me. no stock sales until, like, probably 2025 or something you know, i need to sort of sell some stock to make sure there's some powder dry to account for a worst case scenario, but i'm not selling any, so i obviously have my commitment. i won't sell stock, probably, until two ye

i'm carl quintanilla with john cramer and david faber at the new york stock exchange.st deskhcline n two years. we'll talk implications for the

. ♪ >>> good nond monday morning, i carl quintanilla with jim faber and jim cramer futures having trouble more optimism about a china reopening and hong kong up 4% overnight. very busy week, inflation data, road map begins with china changing course. set to announce a further easing of its tough covid curbs as early as wednesday >> plus, speaking of china, signs of waning demand tesla is set

i'm carl quintanilla with jim faber and jim cramer we're coming off the worst session in almost a monthwe'll get to all of it oil is back to 57. our road map begins with fading ceo optimism, eroding coum

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.sales post the worst print of the year, more signs disinflation is accelerating our road map begins with recession fears resurfacing. stocks set for a lower ope

. ♪ >>> good friday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramerd faber has the morning off. final blast of data before the holiday. weekend futures are green, as durables come in light core pce roughly in line, maybe a tenth heavy year on year personal spending, lightest since july our road map begins with tesla, shares on track to

. ♪ >> good friday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and gains after that ppi data didn't quite give us the five handle we were looking for. question now is whether bulls worry about cpi next week. ten-year, as buckyecky said, 3.5 our road map begins with the latest read on inflation, likely complicating the fed's rate hike policy

is coming up right now ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanillaloosens those covid restrictions, but the trade data add fears to worries about global recession we did trim some losses on this continued decline in labor unit costs. those easing covid restrictions, china is pulling back from that zero covid policy. >> plus, morgan stanley is joining the chorus of layoffs. we'll give you some detail

. ♪ >>> good morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and davidtures steady as we count down to the fed decision and press conference this afternoon. plenty to watch in the meantime as delta raises guidance and we track the continued collapse of ftx. our road map begins with decision day for the fed many investors hoping for the beginning of some slower rate hikes. >>> plus, tesla shares extend what have been significant losses recently. goldman-sachs cuts its price

i'm carl quintanilla nike and fed ex will help. micron tonight packed agenda in washington today.ter than feared. reports from fed ex and nike giving stocks

. ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramervid tepper suggests caution on equities. hotter than expected final q3 gdp revision doesn't help but yields in the dollar still within yesterday's range our road map begins with legal pressure building. two former top ftx associates

the street" coming up next ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla faber at the new york stock exchange bulls trying to put a five-session losing streak to bed this morning futures green, although some of that is pinned to oil, up 5% on news of this keystone pipeline interruption in nebraska road map begins with stocks looking to bounce back after five days down tesla continues to drag on the nasdaq >> plus exxon's