i'm sara eisen with david faber on the floor of the new york stock exchange. y the market isn't pricing in enough rate cuts ahead of the big fed meeting. >>> alphabet helping to boost the market on a report it's planning to team up with

i'm david faber at post nine of the new york stock exchange. jim cramer is over at one market in san francisco. wrapping up what has been an amazing week for jim out west. let's give you a look at futures as we get ready to begin trading for the final day of trading of the week. do we have that? maybe not. all right. well, if we don't, we'll get to our road map. >>> it does start with that record run for stocks. major indexes seeing a four-day win streak, the dow nearing 40,000 for the first time and the s&p, it has been holding above 5,200. >>> fedex shares also surging this morning, despite what was a revenue miss for the eighth straight quarter, the company saying it's seeing results from cost-cutting efforts. >>> and are there some warning signs in retail? nike and lululemon shares both moving lower. nike is seeing slower growth in china. lulu, less optimistic about its b business in north america. >>> let's start with the markets. record retail, despite that pullback in apple shares and really throughout the course of this year so far, app

jim, what did you make about the conversation with david faber and/or the deal itself? pick. >> the ace card here is the unions. it is political football between president biden and donald trump. when the ceo of cleveland-cliffs got into the deal to potentially buy nippon steel, he has the ace card, the union supports him. the structure of u.s. steel is such the union needs to approve the deal. he still has his ace card. president biden has come out against it. i think the question now, is this a delaying tactic until after the election and then president biden lets the deal go through? however, one interesting component of this, clev cleveland-cliffs may have gamd thi gamed this out well. the antitrust people i thought would break this up. if president biden comes out and says we don't want the nippon steel to go through, we want it bought by an american company, and cleveland-cliffs is the only potential buyer, how can the administration come in with its antitrust regulations, oh, no, we don't want the deal to go through? that could be genius on the part of cleveland-

i'm carl quintanilla with jim cramer and david faber at post nine. premarket has a little pep as some of the eco data is encouraging. unitcosts revised lower. big job numbers tomorrow. regional bank stocks mixed after new york community bank corp secures that $1 billion cash ingentian. steven munnuchin is going to jo us in a couple minutes. >> plus, nova nordisk is experimenting with an obesity drug. >> and big tech struggles. apple, those shares are looking for a bounce after a six-day sell-off. tesla, similar story. no longer one of the most valuable s&p 500 companies. >> let's begin with the $1 billion equity investment led by liberty strategic capital. he's going to join us in a few moments. got some clarifications today. more data on deposits, the percentage that are insured and so forth. >> i think it's important to know when the former secretary of treasury did a previous deal, which was a deal involving a bank that really was one of the worst run banks in the country, came in, had the bid that was best for the ftic. the cover bid, much lower.

i'm sara eisen with david faber, live from post nine of the new york stock exchange.rning off. record highs across the board, the dow, s&p and nasdaq. the rally continues. s&p up 0.5%. financials are interestingly in the lead today up 0.8%. consumer discretionary strong, too. every sector is higher. another broad one. the nasdaq is up about 0.7%. big cap tech including micron is a big mover up 15% on results broadcom also helping fuel the gains there. take a look at treasuries as rick mentioned they're selling off with yields a little bit higher on the back of stronger economic data. 10-year yield 4.28%. the 2-year note yield to 4.6%. we're 30 minutes into trading. here are big movers we're watching. micron, look at shares rallying hard on the back of a surprise profit. revenue in the current quarter came in better than expected thanks to soaring demand for ai memory chips. the stock has gotten at least a dozen price target hikes today. heading in the opposite direction, five below, missing earnings estimates due to higher than expected inventory shrinkage and guidanc

david faber is at cnbc hq.n assignment this morning ahead of a big interview with city dell's ken grinffin. >> we got swings in yields as the number comes in about 0.1 hot. some signs of relief in specific areas like food. >> we're 30 minutes into the trading session. three movers we are watching today. southwest airlines take a look at this stock cutting capacity plans and reevaluating its forecast for the year due to boeing its sole supplier its shares plunging right now. watch 3m naming william brown the former head of aerospace and defense company as its next ceo. he will take over may 1st with mike roman remaining on the board as executive chair and those shares up 5.5% right now. oracle soaring on better than expected results beating estimates with net income up 27% year over year. shares in the cloud services business rose thanks to an ai and cloud infrastructure contracts. >> let's get to the latest inflation data did it show up a pick-up in some price steve liesman is here and has context. >> i love th

i'm carl quintanilla with jim cramer and david faber.ome worries in mega cap tech, whether that's amd, apple or tesla, we'll get to all of it. roadmap begins with apple shares down again this time with report of an iphone sales slump in ch china. >>> a different story for target. that stock is up sharply despite what was a decline in sales and comparable store sales. sales guidance did come inabove consensus. ai, of course, also in focus, as it always is. sergei brint speaking out saying the company definitely messed up its gemini image generation launch. >> apple down in the premarket, again, following the report that iphone sales plunged 24% in china year-on-year for the first six weeks of 2024, face competition from local smart phone firms like huawei. this is boutique data, but they are on track for five days of losses. >> trying to get a confirmation. a lot of these different services you have to take with a grain of salt. i would say, if you take china itself and look what they're buying, they're all trading down. there's a lot of

." >>> good wednesday morning, welcome to "squawk on the street," i'm david faber live from post ninenew york stock exchange. there he is, jim cramer still in san jose at nvidia's a.i. developers conference. we'll have highlights from -- are you still doing the interview? has it ended? i'm not even sure. that long interview -- >> it never ends. >> -- with jensen huang from nvidia. let's give you a look at futures, of course. as we get ready for what jim and i like to call hump day. i call that a mixed picture. i don't know what you want to call it, jim. mixed. >> mixed picture. >> yeah. >> looks mixed. >> mixed. all right, good. let's get to our road map. starts with, what else, nvidia and the a.i. boom. shares, of course, up 240% in the last year. we're going to have more from jim's exclusive with the company's ceo, jensen huang, and why he thinks the pc is changing forever. >>> speaking of pcs, the engine behind them, intel, preparing for a $100 billion spending spree across four states, this after securing chips act grants from uncle sam. we're going to hear from commerce secretary

i'm david faber. live from the new york stock exchange. jim cramer is in san jose, california. he is at nvidia's gtc. he's going to have a live and exclusive -- it's both -- live and exclusive interview with jensen huang. that will be in the next hour. of course, we or very much looking forward to it. a half hour from now we get started with trading. let's give you a quick look at futures. we are in the red. so perhaps a lower open when we begin trading. it starts with nvidia's potential ai game-changer. the company unveiling its latest, more powerful artificial intelligence chips which ceo jensen huang says are twice as powerful for training ai models that the current gpus. the fed's march meeting kicking off today. the bank of japan raising interest rates. no longer are they negative in that country. and why elon musk thinks investors should want to keep taking ketamine, saying it's beneficial for tesla. >>> we start with nvidia and the company's new ai chip lineup. there's jim. i throw it over to you. give me the highlights. you're about an hour or so from sitting down with

david faber has the morning off. farewell, q1, it's good to know you.ery good, in fact, all-time closing highs, best q1 for the s&p since 2019 the 14th best going all the way back to the 1920s. busy day today with fed speak, ecodata, and some m&a. our road map begins with stocks on track for a fifth straight monthly gain as we wrap up march of q1. home depot announcing the biggest acquisition for them, buying building products distributor srs, more than $18 billion, including debt. >>> and the sentencing hearing for sam bankman-fried due to get under way in new york city later on this hour >>> let's begin with the markets, though, as we close out q1, jim. you've been talking about broadening, but yesterday was what an example of it. >> i would say, the banks, great. the industrials are great. there's some health care, like merck, that's phenomenal and entertainment company like disney, of course, we got proxy fight there. american express was amazing this quarter so, if you think about it, and caterpillar -- american express, caterpillar, disney, these

i was laughing when david faber was talking about nsfw. not safe for work a term he only just heard of, but what a lot of reddit revolves you. you wonder, is that the data that people are going to -- data scientists will want to pay for, versus sort of prestige journalism of the "new york times"? jo i don't know. not making a statement either way. >> thank you both. deidre bosa and doug clinton. >>> the other big headlines follows in the tech world, doj along with 16 states filing an antitrust case against apple the iphone monopoly. the alleged monopoly. stock down nearly 4%. actually a little more than 4% in realtime. listen to what attorney general merrick garland alleges. >> today apple's share of the u.s. performance smartphone market exceeds 70%. and its share of the entire u.s. smartphone market exceeds 65%. apple charges as much as nearly $1,600 for an iphone. as our complaint alleges, apple has maintained monopoly power in the smartphone market not simply by staying ahead of the competition on merits but by swr violating antitrust

i'm carl quintanilla with jim cramer and david faber at post nine of the new york stock exchange equity looking for bunes after the biggest pull back in three weeks. powell is on the hill and will reiterate cuts are some time this year, 10-year 4.12. fed expectations futures point to the bounce as investors seek new rate cut clues from the chair on capitol hill today. >> tech troubles apple is seeing what is its worst two-day stretch since september, and if you haven't paid attention tesla shares are down 10% this week alone only two trading days. >> if they had gotten ai from -- oh. >> we'll talk about that, a war of words, openai is firing back at elon musk. >> there's 1% chance we'll talk about it. >> publishing e-mails appear no show the tesla co-founder did support creating a for profit entity. >> let's begin with the markets and the testimony from the fed chair today. jim, got some news on what he will say in terms of written words. >> yeah. look, i kind of when march is off the table, i think this is, obviously, one of those, i want to get a little more expansive and getting tire

good monday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david fabert post nine of the new york stock exchange. nasdaq futures stealing some love from the broader markets as we set up for a big stack of news this week. sell-sideconferences. our road map begins with stocks in this ongoing a.i.-fueled rally. b of a ups its target for the year. >>> and the nasdaq looking to build on fresh ecords. >>> plus, as usual, we're keeping an eye on shares of apple. they're pulling back after a nearly $2 billion eu fine, while two new notes say, hey, don't worry. they suggest an apple comeback likely. >>> as for tesla, well, its china struggles continue. shipments plunging to the lowest level in more than a year. >>> let's begin with the markets entering a new week with record highs, fueled once again, jim, by a.i., which seems to be the topic of so many weekend notes the last couple days. >> oh my, carl. a lot of people want to say that the whole thing's gotten out of control, but let's say you go back a year, and you look at what nvidia -- the estimate for 2024.

this is jensen huang versus david faber. >> no, it's not. back to bytedance quickly.ed at about $270 billion on its last round. >> are you sure? >> yeah, 270 billion. >> geez. >> and you know who owns 15% of this? susquehanna. >> susquehanna, the trading firm. >> smart guys out of binghamton and came to philadelphia. >> made the investment a long time ago. >> delightful. >> $5 million investing round in 2012 when bytedance was formed. 15% of bytedance, it's a 270 billion call it value. maybe less if this tiktok ban really does something really happens there. by the way, tiktok ban happens, snap, meta, i mean, think about all the beneficiaries as well. >> look, i'm going west in a couple weeks and you just know, periodically you hear somebody say susquehanna, they tend to be mathematicians in the east, computer scientists in the west and it matters. hey, by the way, there's a positive piece about youtube today picking up some advertising off of this. youtube, that's alphabet. it's been a while since we heard anything good about them. >> a big piece about instagram over

good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with mike santoli, david faberere at post nine of the new york stock exchange. cramer has the morning off. for the second time this week, stocks taking a glass half full view on some hot eco-data, this time ppi doubling expectations. ten-year almost hits highs for the month. our road map begins with that other key read on inflation, ppi higher than expected. >>> plus tesla shares, well, they continue to have a very rocky ride this year. in fact, they are the worst-performing stocks so far on the s&p for 2024. another firm cuts their price target on that stock. >>> and former treasury secretary steven mnuchin telling cnbc just last hour that he is putting together an investor group to try to buy tiktok or the u.s. business of tiktok. >>> let's begin with the market reaction to ppi and retail sales as well. last month's decline, a little bit tight. >> as you mentioned, the market trying to look past it, struggling to do so, maybe. cpi this week, you had these big treasury auctions that maybe we thought it would knock

i'm sara eisen with david faber, live from post nine of thenew york stock exchange.. take a look at stocks. we're starting the month of march kind of mixed way. dow is down 100 points but the s&p is higher thanks to technology with the nasdaq starting after a very strong month up a quarter of 1%. taking a look at treasuries as well. got a bid yesterday after the inline pce report that kind of continues the 10-year yield to 4.25, 2-year yield is 2-year note bought a little more after european inflation data only showed the trend continues of lower inflation rates. >> we've got economic data that is crossing the tape and rick santelli has it for us. rick? >> yes, indeed. watch yields slip as the data surprises a bit. construction spending, this is january, expected to be up 0.2%. big disappointment. down 0.2% instead. the last down number that we had in construction spending was a while ago. this takes us back to october of '22 to find a bigger negative month over month change. keep in mind that last month we had 0.9%, up 0.9%. university of michigan sentiment february

. >>> good morning, and welcome to "squawk on the street," i'm david faber with sara eisen and mike santoli, we are at post nine of the new york stock exchange. jim and carl have the morning off. let's give you a look at futures as we get ready to wrap up the trading week 30 minutes from now when we begin. i don't know what that says. i guess the nasdaq might be down a little bit, mike? >> that's exactly what it says. >> i got it right. >> how many years have you been at cnbc? >> yes. a few. when they barely had a ticker, i go back so far. >>> our road map does begin with tech stock volatility. adobe shares are tumbling. microsoft, though, record highs. tesla and nvidia, those stocks, at least recently for nvidia, saying it's a struggle may be an overstatement, but they certainly have not been going up. the nasdaq 100 pointed to its first back-to-back weekly loss since last october. >>> plus tiktok's owner, bytedance, on track to surpass meta's facebook as the world's largest social media company by sales. >>> and the chamber of commerce suing the s.e.c. over new climate disclosure rules, a

the news today, earlier today anyway, that david faber brought us exclusively, was that jpmorgan's ceo, jamie dimon, had come out publicly, which was rare in and of itself, but he had come out publicly in support of disney's bob iger in that proxy fight. trian is now responding. we do have an exclusive statement from nelson peltz's trian in which they say the following. quote, disney appears to be leaning on its well-compensated investment bankers and commercial partners for public endorsements when this campaign should be focused not on how bankers and vendors feel about mr. iger but on how shareholders can ensure good governance and oversight from the board. it goes on to say yp morgan appears to be prioritizing its commercial relationship with disney's management over its responsibilities to disney and its shareholders including jpmorgan's own asset management clients. this has already gotten p personal, as you know, in the days leading up to today, maybe taking a harder turn with mr. dimon coming out in support of mr. iger. now you have trian responding. trian wants two board seats

"squawk on the street" is next. >> bye. ♪ >>> good monday morning, i'm david faber, and i am live from. jim cramer, up early, he's always up, he's at one market in san francisco. that, of course, ahead of jensen huang's keynote at nvidia's gtc. we're going to hear a lot more about that. carl has the morning off. >>> let's give you a look at futures as we get started here on "squawk on the street." you can see we're set up for a higher open after a down day

i'm sara eisen with carl quintanilla and david faber, live for you as always from post nine of the newk exchange. take a look at stocks starting the week off in the redhead of the key inflation report and in a quiet period for the fed. the s&p down 0.5%. there is green inside the market. sectors like material, staples and utilities are outperforming today. technology is at the bottom of the pack why the nasdaq is giving back 0.6%. after the reversal we saw friday, i should say, started the day strong and ended up very weak, so one week change for the s&p 500 at this point. down 0.6%. take a look at treasuries at the moment. we're going to get a lot of auctions in the beginning of the week. big supply week, 10-year and 30-year on tuesday and wednesday. there we are with the mixed picture. the 2-year yield firmer at 4.5%, buying at the longer end of the curve with yields lower around 4%. 30 minutes into the trading session, three movers we are watching, choice hotels walking away for its bid for rival wyndham hotels after failing to gather enough support from wyndham shareholders. bitcoi

david faber has the morning off.ulls will try again to snap this losing streak, now extended to three days. tons of movers in pharma, autos, retail, and media, and don't forget fed governor waller after the bell onight. >>> our road map begins with stocks looking to bounce after that late-day decline for the s&p and nasdaq yesterday >>> china, courting u.s. business leaders, president xi telling the ceos of chubb, blackstone, qualcomm, and others that china's economy has not peaked and its growth prospects remain bright. >>> and apple's not-so-good year, jpm pointing to rising concerns of an iphone slowdown in china >>> let's begin, though, with the markets. the delivering alpha investmenter survey of leading institutional investors, strategists and cnbc contributors focuses on their strategies for q2 and beyond 60% believe the market has run too far too fast i haven't heard you say that yet, jim >> i do care about speculation, and we have had a couple of speculative stocks dislike him or like him, president trump's

morning welcome to another hour of "squawk on the street" i'm carl quintanilla with leslie picker and david faber of the stock exchange. sara eisen is on assignment. mixed action this morning as we handle some earnings but work through an air pocket of echo data ahead of ppi and retail sales tomorrow. yields elevate as the ten year approaches 418. >>> a big day for tiktok's further here in the united states. lawmakers will be voting this hour on a bill forcing the chinese owner, byte dance to divest the social media giant or close it down because it's banned. that's about 170 million americans right now who use the app who might no longer be able to do so. >> there's a ways to two here. let's get to emily will kins and julia boorstin they've been following the story closely. but first, emily on capitol hill, a quick road map on the road ahead. >> lawmakers are wrapping up debate here, expecting the vote to happen any minute on the bill. it is expected to pass in the house but there are a few things to watch for here, namely how many lawmakers get to yes. the more who support right now, the more p

david faber has the morning off. bulls look to snap a two-day losing streak.ealthy mix of ecodata and corporate news, amazon, disney, tesla, u.p.s. and others, blackrock's larry fink, his annual letter to shareholders emphasizing the need to focus on the country's retirement crisis. this major bridge collapse in baltimore. major efforts under way as the francis cascott bridge collapsed >>> and trump media begins trading this hour. let's begin with a message from blackrock's larry fink and his message town vesters, warning of a global retirement crisis saying he's worried about the strain of an ageing population on systems, including social security jim, you spoke to him, we'll hear more tonight. >> yeah. >> but in a remarkably personal letter this evening. >> oh, my, starts with his father and mother, talks about the old days when basically money was put away for you and you could make a lot of money. and then think about younger people now, they think that there's very little hope that was one of the things that was so sad about this. focus a tremendous amoun

i'm carl quintanilla with jim cramer david faber has the morning off.remarkets red on this final q1 and plenty of activity for a holiday-shortened week and at least three firms eyeing higher year-end s&p targets our road map begins with boeing, dave calhoun stepping down at year-end the eu launching a probe into big tech, going after meta, apple and alphabet >>> the dow and the s&p posting their best weeks of the year let's begin, though, with the shake-up at boeing in the wake of that company's safety crisis. jim, we heard calhoun with phil, and you said, as predicted >> i just spoke to david i think this is something that kind of had to be done not forced, necessarily, but the idea that they have to pick someone new. david's going to stay until the end of the year. it's a long-cycle business, that makes sense. but you get someone new in there, maybe you get a little heat i think that the faa is charging -- every single mistake leads back to boeing, even if it's just someone bumping into a pilot seat it's gotten a little extreme so, maybe a fresh face

david faber is at hq. cramer has the morning off.pi comes in about a tenth hot, more han half driven by gas. rate cut odds largely stable. future swing as inflation does tick higher. jamie dimon says the economy is booming but a recession may still be on the table. >> plus, quote, enormous amounts of demand.

good monday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faberange. nasdaq futures stealing some love from the broader markets as we set up for a big stack of news this week. sell-sideconferences. our road map begins with stocks in this ongoing a.i.-fueled rally. b of a ups its target for the year. >>> and the nasdaq looking to build on fresh ecords. >>> plus, as usual, we're keeping an eye on shares of apple. they're pulling ba

i'm carl quintanilla with jim cramer and david faber at post nine of the new york stock exchange equityn three weeks. powell is on the hill and will reiterate cuts are some time this year, 10-year 4.12. fed expectations futures point to the bounce as investors seek new rate cut clues from the chair on capitol hill today. >> tech troubles apple is seeing what is its worst two-da

. >>> good morning, and welcome to "squawk on the street," i'm david faber with sara eisen and mike santoli's give you a look at futures as we get ready to wrap up the trading week 30 minutes from now when we begin. i don't know what that says. i guess the nasdaq might be down a little bit, mike? >> that's exactly what it says. >> i got it right. >> how many years have you been at cnbc? >> yes. a few. when they barely had a ticker, i go back so far

i'm david faber at post nine of the new york stock exchange. look at futures as we get ready to begin trading for the final day of trading of the week. do we have that?

. ♪ >>> good friday morning, and welcome to "squawk on the street," i'm david faber with jim cramer.. let's give you a look at futures as we get ready to start the final trading day of this week. that doesn't do much of anything for me, probably not much for you either. let's move on to our road map, though, because that does begin

david faber has the morning off. bulls look to snap a two-day losing streak.and others, blackrock's larry fink, his annual letter to shareholders emphasizing the need to focus on the country's retirement crisis. this major bridge collapse i

david faber has the morning off.e days. tons of movers in pharma, autos, retail, and media, and don't forget fed governor waller after the bell onight. >>> our road map begins with stocks looking to bounce after that late-day decline for the s&p and nasdaq yesterday >>> china, courting u.s. business

." >>> good wednesday morning, welcome to "squawk on the street," i'm david faber live from post ninen jose at nvidia's a.i. developers conference. we'll have highlights from -- are you still doing the interview? has it ended? i'm not even sure. that long interview -- >> it never ends. >> -- with jensen huang from nvidia. let's give you a look at futures, of course. as we get ready for what jim and i like to call hump day. i call that a mixe

. ♪ >>> good thursday morning, welcome to "squawk on the street," i'm david faber, live from post nine at our office at one market in san francisco. and carl has the morning off. let's give you a look at futures as we get ready to begin trading one half hour from now. looks like we may get a can'tca continuation of yesterday's rally, and that is where our road map begins this morning. the s&p topped 5,200 after the fed said three rate cuts still likely this year, and th

i'm carl quintanilla with jim cramer and david faber at post nine.of the eco data is encouraging. unitcosts revised lower. big job numbers tomorrow. regional bank stocks mixed after new york community bank corp secures that $1 billion cash ingentian.

i'm carl quintanilla with jim cramer and david faber.'ll get to all of it. roadmap begins with apple shares down again this time with report of an iphone sales slump in ch china. >>> a different story for target. that stock is up sharply despi

good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with mike santoli, david faber. for the second time this week, stocks taking a glass half full view on some hot eco-data, this time ppi doubling expectations. ten-year almost hits highs for the month. our road map begins with that other key read on inflation, ppi higher than expected. >>> plus tesla shares, well,

david faber has the morning off. farewell, q1, it's good to know you.th fed speak, ecodata, and some m&a. our road map begins with stocks on track