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Nov 12, 2018
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al >>> let's get to david faber ge down 54 and a half percent. worst year since '08 he sat down earlier this morning as the stock sank not long after that david, good morning again. >> another tough day for ge, after friday's decline in stock price in part on the report. jpmorgan has a $6 price target his first interview since taking over as ceo six weeks ago, has been on the board of ge since april. again, no shortage of challenges he was very up front about that i think throughout our interview. not sugar coating things ahead, but being sure to say liquidity is not an issue, but it is about getting leverage down and facing the other side of it, not just debt but lack of free cash flow and lack of earnings against it that is increasing that leverage ratio as well. one key thing i asked him, there's a change in perception, there was a time not long ago conceivably when ge would have argued the conglomerate model was a positive they helped to attract the best and brightest in various parts of the company because they worked in concert with each oth
al >>> let's get to david faber ge down 54 and a half percent. worst year since '08 he sat down earlier this morning as the stock sank not long after that david, good morning again. >> another tough day for ge, after friday's decline in stock price in part on the report. jpmorgan has a $6 price target his first interview since taking over as ceo six weeks ago, has been on the board of ge since april. again, no shortage of challenges he was very up front about that i think...
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Nov 12, 2018
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david faber is in boston a ge's headquarters dow is down 200 points apple below two hundred. ar at a one and a half year high and more. >> our road map begins with general electric david civeting down with larry culp moments ago we'll bring you the highlights from the interview and the stocks reaction next. >> oil is getting a boost as opec moves closer to cutting output the former president of exxonened n the arabian gulf will join us. >> and major averages lower. ever corps's founder and chairman roger altman sits down with us for outlook. >>> let's start with ge david neighbor we are more with ceo larry culp not inspiring confidence with the stock falling hard again. >> stock still reacting to friday's report from j.p. morgan we were able to speak to mr. culp for 20 minutes from ge's headquarters in boston he's been on the board of directors since april but known for his long and successful tenure as the ceo at danaher starting in 2001 we talked about the difficult road ahead that mr. culp makes no apologies for one area he said there should not be concern about liquidity.
david faber is in boston a ge's headquarters dow is down 200 points apple below two hundred. ar at a one and a half year high and more. >> our road map begins with general electric david civeting down with larry culp moments ago we'll bring you the highlights from the interview and the stocks reaction next. >> oil is getting a boost as opec moves closer to cutting output the former president of exxonened n the arabian gulf will join us. >> and major averages lower. ever...
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Nov 12, 2018
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i think we're adding apple back in and don't miss david faber with the ceo of general electric larryned you're watching "squawk box" on cnbc [ phone rings ] what?! ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he. >>> welcome back to "squawk box. big deal this morning. s.a.p. buying qualtrics for $8 billion in cash. qualtrics was named a cnbc disrupter last year and planned to go public this month. joining us now on cnbc first interview, bill mcdermott and ryan smith we thank both of them for joining this morning just after the completing this deal good morning to both of you. i'm going to start, if i could, actually with ryan in this case. because ryan,
i think we're adding apple back in and don't miss david faber with the ceo of general electric larryned you're watching "squawk box" on cnbc [ phone rings ] what?! ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even...
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Nov 5, 2018
11/18
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good monday morning, welcome to "squawk on the street," i am carl quintanilla with david faber. futures is in a tight range. midterm elections and fed meetings and chinese president xi speaks on trade we'll get to all of that europe is mixed. invest invest sediment is down there. our road map begins with china talking up about free trade after weeks of volatility stocks are largely flat ahead of the open >> apple is under pressure >> and looking at antitrust very seriously, the president with the warning of monopoly power of google, facebook and amazon. stocks are on pave for a modest open we got china/u.s. tension focus. the two countries weighing on asian stocks over night. the china international expo, the chinese president took a swipe at president trump, the practice of law and jungle and winner take all are a dead end a big event, the trade fair over there, xi tries to promote china as a local good. >> i think there could be a deal short term, ain't going to happen the president periodically, when he sees the market goes down people vote for their 401 k. it is a well orche
good monday morning, welcome to "squawk on the street," i am carl quintanilla with david faber. futures is in a tight range. midterm elections and fed meetings and chinese president xi speaks on trade we'll get to all of that europe is mixed. invest invest sediment is down there. our road map begins with china talking up about free trade after weeks of volatility stocks are largely flat ahead of the open >> apple is under pressure >> and looking at antitrust very...
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Nov 14, 2018
11/18
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investment portfolio. >> always good to talk with you about the markets. >>> let's get over to david faber media's investor day david? >> thanks, carl. earlier today i had a chance to sit down with john malone, the man who helped create the overall company and the chairman who sits on nine boards of directors. always like to talk to john about it a variety of things in the larger media business and about deals themselves, something he's no stranger to we talked about globalization. it's been a key them of his through the years. in particular we talked about our parent company, comcast's decision to buy sky and we went on as well to talk about a deal that didn't happen last year, namely the sale of charter communications of which malone and liberty own more than 20%. the first question that i asked was did comcast get a good deal in purchasing sky. >> they have great brand, there's no question and they really know the entertainment business what they don't have is a massive number of global credit cards. in other words they don't have massive direct consumer relationships at this point and
investment portfolio. >> always good to talk with you about the markets. >>> let's get over to david faber media's investor day david? >> thanks, carl. earlier today i had a chance to sit down with john malone, the man who helped create the overall company and the chairman who sits on nine boards of directors. always like to talk to john about it a variety of things in the larger media business and about deals themselves, something he's no stranger to we talked about...
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Nov 23, 2018
11/18
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good friday morning, welcome to "squawk on the street," i am carl quintanilla with sara eisen and david fabercramer is off today. hope you had a great thanksgiving we'll talk to jeff gennette, ceo of macy's. the futures are weak following the last hour fade on wednesday. ten-yr yield is back to 304 oil is getting demolished. so far this year, the dow and s&p are each in the red. wednesday's gains puts it further in positive territory. that 200 point gains lost in the hour is disappointing. >> the dow actually closed lower and signs resoceiving not much more promising weakness and commodities not just in oil but in copper and the question is what are the worries of global growth how severe are they? it translates into global stock. the u.s. stock market. this is supposed to be the best black friday for the u.s. consumers in years and retail stocks have been under heavy selling pressure what's the market signaling? is it signaling this is as good as it gets in. >> that's the question question. you mentioned china, no smoking gun at least, a number of reports i have seen this morning from the pe
good friday morning, welcome to "squawk on the street," i am carl quintanilla with sara eisen and david fabercramer is off today. hope you had a great thanksgiving we'll talk to jeff gennette, ceo of macy's. the futures are weak following the last hour fade on wednesday. ten-yr yield is back to 304 oil is getting demolished. so far this year, the dow and s&p are each in the red. wednesday's gains puts it further in positive territory. that 200 point gains lost in the hour is...
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Nov 12, 2018
11/18
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you mentioned larry culp sitting down with david faber. mr. culp addressing several of ge's issues including the company's liquidity position >> two weeks ago folks were, i think, understandably asking the liquidity question i think we've put that to rest given the fact we have $20 billion of cash. we have a robust program, and $40 billion of bank lines. we've only tapped two. that gives us a foundation >> so that's larry culp. >> this is the problem that i have with the stock fundamentally. listen, he's a fantastic executive, but we should have changed the ticker symbol of ge to culp because that's why everyone bought the stock. we were buying it because of culp, because of larry culp. you weren't buying it because you got any transparency on a fundamental -- >> people immediately said culp can get this turned around because look what he did in the past the problem was this company has a lot more issues in front of it than his company of the past, and he has to take over -- look at all of the debt we bring that up but still to be addressed. >
you mentioned larry culp sitting down with david faber. mr. culp addressing several of ge's issues including the company's liquidity position >> two weeks ago folks were, i think, understandably asking the liquidity question i think we've put that to rest given the fact we have $20 billion of cash. we have a robust program, and $40 billion of bank lines. we've only tapped two. that gives us a foundation >> so that's larry culp. >> this is the problem that i have with the stock...
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Nov 30, 2018
11/18
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welcome back to "squawk on the street," i'm david faber along with mike santoli and david faber.at post 9 from the new york stock exchange. carl and sara have the day off the dow is down but broader averages are both up as we get ready for the g20 summit to get under way. this morning president trump, along with the president of mexico and prime minister of canada signed a new trade agreement, the u.s./mexico/canada agreement, otherwise known as the usmca trump tweeting about it moments ago. quote, just signed one of the most important and largest u.s. trade deals in history the united states, mexico, canada worked so well in crafting this great document the terrible nafta will soon be gone the usmca will be fantastic for all. and there's one of his trademark exclamation points the president also preparing for a key meeting with china's president xi jinping earlier u.s. trade represent robert lighthizer said he would be surprised if the dinner between the two leaders was not, quote, a success we have full team coverage and analysis eamon javers is live at buenos aires and on set
welcome back to "squawk on the street," i'm david faber along with mike santoli and david faber.at post 9 from the new york stock exchange. carl and sara have the day off the dow is down but broader averages are both up as we get ready for the g20 summit to get under way. this morning president trump, along with the president of mexico and prime minister of canada signed a new trade agreement, the u.s./mexico/canada agreement, otherwise known as the usmca trump tweeting about it...
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Nov 2, 2018
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. ♪ >>> good friday morning, welcome to "squawk on the street," i am carl quintanilla with david fabernd jim cramer, we'll talk to joe tsai. some conflicts report s of u.s./china deal. our road map begins with the market come back stocks opening sharply higher on track of four straight days of gains. we'll get some headline on the potential china deal iphone shipments and the outlook, well short of wall street forecast. the stock is down 6% in the market >> alibaba and starbucks and alibaba, joe tsai and kevin johnson will join us this hour >> got jobs number well ahead of the 190-k estimate lowest in nearest 50 years year on year wage gains jumping past that mark jim, participation is up 2/10 and a stellar report >> the futures should be down and the market could be down today. this is the ammo that jay powell needs to say listen all of you are saying one and done in december, are you kidding me >> these are the numbers that we'll continue to get and we'll have to move fast. there is a guest previously who was on then we'll have a recession and things will be fine. it is like why do w
. ♪ >>> good friday morning, welcome to "squawk on the street," i am carl quintanilla with david fabernd jim cramer, we'll talk to joe tsai. some conflicts report s of u.s./china deal. our road map begins with the market come back stocks opening sharply higher on track of four straight days of gains. we'll get some headline on the potential china deal iphone shipments and the outlook, well short of wall street forecast. the stock is down 6% in the market >> alibaba...
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Nov 9, 2018
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good friday morning, welcome to "squawk on the street," i am carl quintanilla with david faber and jim cramer we'll speak to alibaba's president, michael evans and p & g, david taylor. futures are weak 10-yr is near 3.23 our road map begins with the wild ride for the market continues. futures point to a lower opening and crude getting crushed below 60 and down for a ten straight day. >> general electric gets a cut the analysts say earnings are worse than expected on all front. prices up in october by the most since 2012 and got crude slipping further into bare market territory down more than 20% from four year highs earlier on "squawk," ron barron says he does see a bullish deca decade ahead for stocks. >> i think the stock market is going to reflect the company in ten years the stock market is going to double, gdp will double in 10 or 12 years. that's what the stock market is going to do. >> a lot of discussions about barron's comments which equates to 6.5% annual return. not something to write home about. >> i will take that half and sleep at night honestly, it is pretty good to get
good friday morning, welcome to "squawk on the street," i am carl quintanilla with david faber and jim cramer we'll speak to alibaba's president, michael evans and p & g, david taylor. futures are weak 10-yr is near 3.23 our road map begins with the wild ride for the market continues. futures point to a lower opening and crude getting crushed below 60 and down for a ten straight day. >> general electric gets a cut the analysts say earnings are worse than expected on all...
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Nov 8, 2018
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i'm carl quintinilla with david faber and sara eisen at the new york stock exchange.we await the fed decision at 2:00 eastern time, the final meeting without a press conference. >> that's where our road map begins, with stocks. hitting the pause button investors are awaiting today's rate decision from the fed and clues for the next rate hike straight ahead. >>> what now for health care what the new congress might mean for the fate of the aca and health care technology. >>> plus, tesla has chosen elon musk's replacement to chair the board of directors we'll tell you who she is. >>> jumping into the story of the day, a mixed picture for stocks two days after the midterm elections ushered in a divided congress and ahead of the fed's decision expected later today. talking about all of that, we have the oppenheimer ceo krishna, explain yesterday and the day before and the day before that. >> well, the explanation for that is october. effectively we are baunsing back off of significant correction. i don't think the underlying fundamental trends have changed and i think the
i'm carl quintinilla with david faber and sara eisen at the new york stock exchange.we await the fed decision at 2:00 eastern time, the final meeting without a press conference. >> that's where our road map begins, with stocks. hitting the pause button investors are awaiting today's rate decision from the fed and clues for the next rate hike straight ahead. >>> what now for health care what the new congress might mean for the fate of the aca and health care technology....
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Nov 21, 2018
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. ♪ >> good morning, i am carl quintanilla with david faber, and sara eisen and jim cramer is off todaywe got news on navarro and a lot more durables were a mess down 44. that's the worse headline numbers of the year. our road map begins with stocks set to bounce back dow tumbles nearly a thousand points >> tech has been de-faang. facebook and alphabet all have been crushed and sign of a trade war impact, economic perhaps, deere with an earnings missed slowing demand stocks are set to reopen high after two big days of selling. the dow loses a thousand points so far this week s&p is down 10% from the september high the nasdaq is barely hanging onto gain. about 45% or so are down 20 from the high >> two months into this process a lot of that repricing had been done s&p did 90 points in two days. it seems like people are dpgettn a lot of selling out of the way. there was a lot of sloppiness in the market yesterday it does make sense to me we are seeing a little bit of a lift today. let's see if things will be punished beyond of what we think. >> some signs were not as over sold as we were
. ♪ >> good morning, i am carl quintanilla with david faber, and sara eisen and jim cramer is off todaywe got news on navarro and a lot more durables were a mess down 44. that's the worse headline numbers of the year. our road map begins with stocks set to bounce back dow tumbles nearly a thousand points >> tech has been de-faang. facebook and alphabet all have been crushed and sign of a trade war impact, economic perhaps, deere with an earnings missed slowing demand stocks are...
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Nov 26, 2018
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good monday morning, welcome to "squawk on the street," i am carl quintanilla with jim cramer and david faberfuture bounced at 230 right hereafter losing 1600 dow points big week as we get to earnings the g-20 summit. europe's green, oil is back above 51 road map begins with global markets rallying as oil prices rebound. u.s. stocks of what is an ugly week >> will there be a tech turn around google and alphabet are all rising at least 1% >> walmart and target and others are in the green a strong start for the holiday season with online sales stocks are said to rally at the open following their worst thanksgiving week in about seven years heading into the last week of the month all three major indecises. >> although we are getting some halt today on some names we are familiar with. >> look, i don't want people to lose money i think what happens is that you easily can say now i got my chance and you do a couple of days where things go right let's use the classic example, i know we talk about china so you are jay powell and you are trying to figure out how you can justify that you want one hike
good monday morning, welcome to "squawk on the street," i am carl quintanilla with jim cramer and david faberfuture bounced at 230 right hereafter losing 1600 dow points big week as we get to earnings the g-20 summit. europe's green, oil is back above 51 road map begins with global markets rallying as oil prices rebound. u.s. stocks of what is an ugly week >> will there be a tech turn around google and alphabet are all rising at least 1% >> walmart and target and others...
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Nov 7, 2018
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i'll carl quintinilla with sara eisen and david faber at the new york stock exchange.0 on the dow, 22 on the s&p after widely expected scenarios come tru true both sides have declared victory today. republicans won back the senate, democrats got the house. >> what the senate/house split means for policy, markets and your money eamon javers has an update on the races that we're still waiting on mark santoli discussing the market reaction, ylan mui explains what's next for congress, a deep dive into the winners and what that could mean for regulation of different industries and dom chu is keeping track of the gainers and losers post election let's begin with eamon and what comes next. >> at this point what comes next is a couple races that are still too close to call at this point so we expect those to roll out during the course of the day start in florida this is an interesting one rick scott and bill nelson we got information into nbc news from bill nelson's staff saying they're not expecting to make a concession any time soon so with this vote, not very wide here. the
i'll carl quintinilla with sara eisen and david faber at the new york stock exchange.0 on the dow, 22 on the s&p after widely expected scenarios come tru true both sides have declared victory today. republicans won back the senate, democrats got the house. >> what the senate/house split means for policy, markets and your money eamon javers has an update on the races that we're still waiting on mark santoli discussing the market reaction, ylan mui explains what's next for congress, a...
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Nov 19, 2018
11/18
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i'm carl quintinilla with mike santoli and david faber.e midst of its longest losing streak ever mark zuckerberg reportedly adopting a more aggressive management style. >> nissan chairman carlos ghosn is on his way out after reports of financial misconduct. the nissan board expected to meet thursday for a final decision. >> plus a trade impasse. a confrontation between vice president mike pence and china's xi jinping at the apec summit. >>> markets moving lower, a holiday-shortened trading week the dow and s&p falling for the first time in three sessions nasdaq slips deeper into correction territory as goldman sachs forecasts gdp returning to 1.75% pace by the end of next year that i cite tighter financial conditions joining us, the portfolio manager and executive vice president at pimco kirk hartman is global chief investment officer at wells fargo asset management happy monday guys. goldman's point is trade is not pinching too hard but they are looking for five more hikes and they say this is a way to extend the life span of the recovery
i'm carl quintinilla with mike santoli and david faber.e midst of its longest losing streak ever mark zuckerberg reportedly adopting a more aggressive management style. >> nissan chairman carlos ghosn is on his way out after reports of financial misconduct. the nissan board expected to meet thursday for a final decision. >> plus a trade impasse. a confrontation between vice president mike pence and china's xi jinping at the apec summit. >>> markets moving lower, a...
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Nov 21, 2018
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david faber reporting that they're bidding on the sports rights >> did you see what that did to some of the stocks yesterday >> yeah. it gets interesting quick. >> amazon up almost 20 that's a good bounce this morning. it was 1,000, then 2,000, 1,500. above and below 1,500 all day yesterday. >> one thing that is fantastic about this service is that if you ever used it, all you have to do is put in your amazon password if you do it online, you can buy anything on anybody's store. if you have done gogo, which we all hate on airplanes, you can just pay with your amazon, just click as if you're logging into amazon it goes on to your amazon bill >> i just hate using my password everywhere >> we have other news from tech. apple is reportedly in talks with the department of veterans affairs to provide portable electronic health records to military vets. the "wall street journal" says the partnership will simplify hospital visits for these guys and gals and let apple access millions of new customers. earlier this year apple announced it was entering the electronics records feel letting pains
david faber reporting that they're bidding on the sports rights >> did you see what that did to some of the stocks yesterday >> yeah. it gets interesting quick. >> amazon up almost 20 that's a good bounce this morning. it was 1,000, then 2,000, 1,500. above and below 1,500 all day yesterday. >> one thing that is fantastic about this service is that if you ever used it, all you have to do is put in your amazon password if you do it online, you can buy anything on...
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Nov 13, 2018
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i'm david faber along with morgan brennan and mike santoli.quickly to an assignment this morning. let's bring you up-to-date at the nyc, somewhat of a bit of a mixed picture. since i tend to ignore the dow, the market is higher with the nasdaq and s&p both in positive territory. >>> we got a big announcement from amazon a few moments ago on where it's going to be putting its hq2s not just two we've got a lot of good guests coming up as well this morning also let's get to our road map. a lineup of great guests, u.s. attorney makan delrahim will join us exclusively in a few minutes, big implications for corporate america and mma from the decisions from his justice department. >> and with the dow dropping more than 600 points, national economic director larry kudlow is on with us as well to talk about that sell-off. >> banks crushed yesterday, trying to bounce today with goldman sachs alone on monday. kbw ceo tom michaud is here to tell us what's up next with financials. >> that news from amazon, making it official, announcing where its hq2 or hq
i'm david faber along with morgan brennan and mike santoli.quickly to an assignment this morning. let's bring you up-to-date at the nyc, somewhat of a bit of a mixed picture. since i tend to ignore the dow, the market is higher with the nasdaq and s&p both in positive territory. >>> we got a big announcement from amazon a few moments ago on where it's going to be putting its hq2s not just two we've got a lot of good guests coming up as well this morning also let's get to our road...
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Nov 14, 2018
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the next hour don't miss david faber's interview with jonah loahn john malone. we'll be right back.rk cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? >>> down at the new york stock exchange, jim cramer is joining us now tell us we are okay that we are up 165 or is that bad? >> i pick up the paper and lead story in the journal markets, oil price dropped. if oil is up, we'll rebound. joe joe, last time with gasoline goes down in price, that helps 317 million americans. we have to worry about is the 7% of s&p is vofrinvolved in ameri. >> absolutely. when things are down, when stocks are down, it is bad when stocks are up is good literally, that means they look at this stuff and they say oh, i am really scared about apple, i am really scared the only thing i know is natural gas is 450 if you need a capital company, there you go >> before i thought it was you need a new iphone like every year or something. they say it is some where in
the next hour don't miss david faber's interview with jonah loahn john malone. we'll be right back.rk cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? >>> down at the new york stock exchange, jim cramer is joining us now tell us we are okay that we are up 165 or is that bad? >> i pick up the paper and lead story in the journal...
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Nov 1, 2018
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i'm carl quintinilla with sara eisen and david faber at post 9 of the new york stock exchange dow trying row for stocks, lighting up as we get softer economic numbers a lot to talk about ahead of apple and starbucks. >> our road map starts with stocks as carl mentioned, in the green just barely to kick off the month of november after what was a rough october. where the market lost nearly $2 trillion is this new month rally here to stay >> the annual deal book conference is under way in new york city. making some comments about u.s./china trade, gm's mary barra is there, we'll take you live. >> and cigna is out with what has been received as better-than-expected results cigna's ceo will be with us exclusively. >>> let's get right to the markets. starting in the green but slipping slightly on the back of those misses in manufacturing numbers. it was a ruff october which included the worst month for the nasdaq in ten years. larry kudlow commenting on the selloff in technology moments ago in washington at a "washington post" event. listen. >> i think a lot of the big, big tech stocks, the fa
i'm carl quintinilla with sara eisen and david faber at post 9 of the new york stock exchange dow trying row for stocks, lighting up as we get softer economic numbers a lot to talk about ahead of apple and starbucks. >> our road map starts with stocks as carl mentioned, in the green just barely to kick off the month of november after what was a rough october. where the market lost nearly $2 trillion is this new month rally here to stay >> the annual deal book conference is under way...
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Nov 27, 2018
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i'm carl quintanilla with mike santoli and david faber.covered some of that s&p briefly went green before dipping briefly, shallow into the red. >> because of utx being down, 6% after that rally yesterday let's bring in art cashin. we were talking before this. it's an interesting week in the sense that we have news we know is coming toward the end of the week and/or the weekend. >> right. >> between xi and trump, china being a key concern and fed talk coming as well. >> absolutely. you get clarida this morning he had sounded somewhat dovish in his first presentation before that this morning, it was the two-handed economist on the one hand, this could happen on the other, that could happen. so they got nothing out of him the feeling had been if he was dovish again, that might compel powell tomorrow to either rein him back in or let him alone if he let him back in, that would have people looking. the general feeling here -- and i'm not just talking my attitude -- you guys know that i'm a bit of a bear on yields. they're locked into the decem
i'm carl quintanilla with mike santoli and david faber.covered some of that s&p briefly went green before dipping briefly, shallow into the red. >> because of utx being down, 6% after that rally yesterday let's bring in art cashin. we were talking before this. it's an interesting week in the sense that we have news we know is coming toward the end of the week and/or the weekend. >> right. >> between xi and trump, china being a key concern and fed talk coming as well....
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i'll carl quintinilla with mike santoli and david faber of the pink that.sing after market last night courtesy of the likes of nvidia and in order strnords back almost four points. >>> stocks mixed over the fed, slowing growth and tech. after the scathing report in "new york times," facebook shares and mark zuckerberg attempt to explain. >> plus, sonos stock is spiking higher this morning. patrick sense is going to join us. >> a few big themes driving the market the fed's view on how quickly it can hike rates the corporate earnings picture, nvidia, nordstrom are down this morning and any movement on trade ahead of the g20, which is now within two weeks, of course federal reserve vice chair sat down with liesman for an exclusive and he joins with us more hey, steve. >> markets interpreting remarks of the new fed vice chairman richard clarida. his first interview since taking the job in september somewhat dovishly. the fed has more work to do but may not have far to go from here from the current funds rate of 2% to 2.5%. >> as of september, the long run neutr
i'll carl quintinilla with mike santoli and david faber of the pink that.sing after market last night courtesy of the likes of nvidia and in order strnords back almost four points. >>> stocks mixed over the fed, slowing growth and tech. after the scathing report in "new york times," facebook shares and mark zuckerberg attempt to explain. >> plus, sonos stock is spiking higher this morning. patrick sense is going to join us. >> a few big themes driving the market...
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>>> earlier today cnbc's david faber sat down with liberty media chairman john malone and david joinswith highlights of that exclusive interview. hey, david. >> hi, morgan. talked about a lot of things, including the changing face of media, netflix, amazon, apple, how they figure into it, and whether disney will compete with them as it head to the direct-to-consumer market and hit on at&t and time warner, at&t, of course, the owner of time warner and along with that came hbo one key question here given the enormous money being acquired to buy content from some of the aforementions companies, can hbo compete? here's malone. >> i don't know if at&t is willing to write those massive checks to play, you know, against the incumbent, amazon and netflix and compete with disney on the margin for that third seat. >> right. >> that i think if i was real i'd be scratching my head saying when i bought, it hbo was the scent gland, it was the crown jewel, it's what i wanted. now it's sub scale how much do i have to spend? they have had great creative at hbo. the question now is how much do i have t
>>> earlier today cnbc's david faber sat down with liberty media chairman john malone and david joinswith highlights of that exclusive interview. hey, david. >> hi, morgan. talked about a lot of things, including the changing face of media, netflix, amazon, apple, how they figure into it, and whether disney will compete with them as it head to the direct-to-consumer market and hit on at&t and time warner, at&t, of course, the owner of time warner and along with that came...
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right now >>> good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with david faber and jim cramer on the new york stock exchange nasdaq's seventh months low. as we get closer to retesting of october lows analysts is rushing to downgrade tech today 10-yr yield is down for the seventh day as we approach two handles since september. let's get our road map stocks are lower continuing yesterday's losses apple closes in a bare market. amazon is not far off. is the fang trade over >> plus, we got some what of a retail wreck this morning after mo months after the ceos calling it the healthest environment ever retailing are sliding as well. stemming the sell-off, jim takes on what makes be fixed before the stock blood bath stops apple is on track as we said to open down more than 20% from its october high the dow and s&p have slip back jim, dom chu has been doing some work on aggregate fang market cap losses from the highs. almost a trillion dollars. >> it is what happens when you are not doing well >> facebook, there are real issues here. don't forget before all these thing
right now >>> good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with david faber and jim cramer on the new york stock exchange nasdaq's seventh months low. as we get closer to retesting of october lows analysts is rushing to downgrade tech today 10-yr yield is down for the seventh day as we approach two handles since september. let's get our road map stocks are lower continuing yesterday's losses apple closes in a bare market. amazon is not far...
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Nov 13, 2018
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i am jon fortt, here with david faber, morgan brennan. carl is on assignment.e start with the market tech coming off the worst day since october 24th, nasdaq dropping below the 200 day average with apple leading the slide. is this a clear sign of deteriorating sentiment for tech weighing in, bob peck, head of internet global investment banking at credit suisse good to see you. >> thanks for having me. >> at least in the short term it seems that some folks are souring on tech. what has fundamentally changed, aside from interest rate, trade stuff we are dealing with for months, is anything that different? >> you're right. investors are thinking about interest rates, trade wars, and regulation what's important, pull the lens back a little. look at the broader picture of how tech has done this year. nasdaq is up 4, 5% s&p and dow are up, we had a decent year. when you look at big tech names, microsoft up over 20%, you had amazon up over 40%, netflix over 50%, sales force 30% even apple with the more recent hit is over 10% or so this year. you've actually had a pret
i am jon fortt, here with david faber, morgan brennan. carl is on assignment.e start with the market tech coming off the worst day since october 24th, nasdaq dropping below the 200 day average with apple leading the slide. is this a clear sign of deteriorating sentiment for tech weighing in, bob peck, head of internet global investment banking at credit suisse good to see you. >> thanks for having me. >> at least in the short term it seems that some folks are souring on tech. what...
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firms bidding for 22 regional sport networks that disney acquired in the deal with 21st century fox david faber us that news this morning >> it is resonating this morning, carl, the idea that amazon is stepping up to consider potentially being a future bidder for sports rights. you may look at big media companies out there, seem to be suffering because of the perception based on what we reported let's recap it for you regional sports networks as many viewers may remember, to be sold by disney as part of the deal to acquire fox which will close perhaps early first quarter next year that makes timing here important. first round bids were due, and they were put forward by a variety of potential bidders no surprise, private equity amongst them, whether apollo or kkr or black stone making a bid for all 22 regional sport networks the surprising name is amazon, which i reported amongst them. includes smaller broadcast sinclair and tegna unclear what their plan is, whether they're interested in a handful of regional sports networks given the fact there may be local tv stations available from cox and tr
firms bidding for 22 regional sport networks that disney acquired in the deal with 21st century fox david faber us that news this morning >> it is resonating this morning, carl, the idea that amazon is stepping up to consider potentially being a future bidder for sports rights. you may look at big media companies out there, seem to be suffering because of the perception based on what we reported let's recap it for you regional sports networks as many viewers may remember, to be sold by...
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"squawk alley" is live >>> good morning i am jon fortt with david faber and morgan brennan carl has the morning off we begin at the g20 summit robert lighthizer expects the meeting with china's xi to be a success this weekend eamon javers is there live now, joins us with the latest eamon? >> reporter: good morning, john. the question with that statement from lighthizer, what's the definition of success? that's what everybody here and around the world wants to know if the u.s. china trade kiss putin is at center -- dispute is at center stage. it kicked into high gear, all the leaders are in one place twunat one time this is putin greeting the crown prince of saudi arabia look at this greeting. is this a bro hand slap, a low five instead of a high five, but it is a friendly, warm greeting between the two leaders if you can see it play out. clearly they're happy to see one another, even though there are others in the room with them not necessarily happy to see them or to appear in pictures next to them there's a lot of diplomatic dancing going on here, but we're waiting now to see more dip
"squawk alley" is live >>> good morning i am jon fortt with david faber and morgan brennan carl has the morning off we begin at the g20 summit robert lighthizer expects the meeting with china's xi to be a success this weekend eamon javers is there live now, joins us with the latest eamon? >> reporter: good morning, john. the question with that statement from lighthizer, what's the definition of success? that's what everybody here and around the world wants to know if...
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yeah,i know david faber said maybe they're bidding for the regionals. and those two are big cap stocks when you look at a twilio or square, and i talked about them yesterday, too, today massive turnarounds. those are huge moves t.o. see an amazon or nvidia, those are the moves that move stars could we go another 5%, sarat, you could be right as far as watchouts. >> don't wait until it happens it's okay to get back into the market now take your initial position because we talk about that a lot. now you're out of allocation >> you're likely not going to get a different market picture without the names stabilizing and starting to go higher because they've been crushed >> it's a big part of the s&p 500. it is difficult to see a rebounding market. i don't know if we're there yet in terms of the end of the sell-off what we're seeing is just the market is not consistent with what we're seeing in the economy. we think if we lengthen our investment beyond the end of the year if we look out 12 months we see favorable upside >> it's crazy you've had that nearly wi
yeah,i know david faber said maybe they're bidding for the regionals. and those two are big cap stocks when you look at a twilio or square, and i talked about them yesterday, too, today massive turnarounds. those are huge moves t.o. see an amazon or nvidia, those are the moves that move stars could we go another 5%, sarat, you could be right as far as watchouts. >> don't wait until it happens it's okay to get back into the market now take your initial position because we talk about that a...
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>> larry, david faber. stock and speaking to some of your investors and/or those who might become investors, there seems to be a bit of a wait-and-see in terms of delivering on what are enormous cost synergies you've outlined here. what can you tell investors in terms of what they should be focused on and how you're executing laying out those synergies? >> david, great question and we've talked about synergies of more than $750 million in the second full year of operation and, you know, over the last several months, integration team with members from both companies have done a tremendous amount of work and we're very confident in the pathway to achieve those synergies. part two of that discussion is what we were just talking about with bertha in terms of the opportunity to bring meaningful change to health care and to be able to actually reduce medical costs when you look at the avoidable and wasteful spending that if we just use the management of chronic disease. today we have about 60% of americans that h
>> larry, david faber. stock and speaking to some of your investors and/or those who might become investors, there seems to be a bit of a wait-and-see in terms of delivering on what are enormous cost synergies you've outlined here. what can you tell investors in terms of what they should be focused on and how you're executing laying out those synergies? >> david, great question and we've talked about synergies of more than $750 million in the second full year of operation and, you...
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david faber is sitting down with liberty media chairman john malone catch that interview at 9:00 a.m.astern time on cnbc. >>> still ahead on this show, we're weighing the risks the four major global factors that could impact your money we'll run you through them that's coming up >>> as we head out to break, another quick check of the futures which are showing a slight gain for the dow. up about 50 points the s&p up by 3. the nasdaq down by 8 k th us. >>> we are approaching the top of the hour, the team is getting ready for what's coming up mr. kernen, you have a lot on your radar, i'm sure >> we do we will be monitoring this crazy oil story. oil prices plunge as oversupply worries prompt the steepest fall since 2015 i saw another forecasting recession in china we are also going to look more closely at this whole boeing story. we have not had gordon bethune on in a while. he's still around. former continental airlines ceo. and he's a pilot >> so he knows a thing or two about hardware >> he does and we have some other guests to talk about this boeing issue that has something to do with
david faber is sitting down with liberty media chairman john malone catch that interview at 9:00 a.m.astern time on cnbc. >>> still ahead on this show, we're weighing the risks the four major global factors that could impact your money we'll run you through them that's coming up >>> as we head out to break, another quick check of the futures which are showing a slight gain for the dow. up about 50 points the s&p up by 3. the nasdaq down by 8 k th us. >>> we are...
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. >> we got that halt on gm earlier this morning and now a halt on campbell's david faber is here with >> it is news we have been reporting on, not sure if campbell has been unhalted yet, ready to trade, it is in agreement, they have been waging a proxy fight initially for all board seats, then to five. they've got a settlement let's tell you about it now that it is official and announced by both parties after the annual meeting on the 29th, campbell's will increase the board from 12 to 14 members, add two third point slate nominees, sarformer director an ceo of blue buffalo company, and they'll have input on the new ceo or ceo search and who will be that person and as well, they say that they will also have at least a third director by the next board meeting in may that they will consult with with respect to the appointment of so general settlement that was not unexpected, given what's going on the last several weeks, trimmed down from 12 to 5, since campbell said it was willing to take two, ended up where we had anticipated in the last couple of weeks one key question here is value c
. >> we got that halt on gm earlier this morning and now a halt on campbell's david faber is here with >> it is news we have been reporting on, not sure if campbell has been unhalted yet, ready to trade, it is in agreement, they have been waging a proxy fight initially for all board seats, then to five. they've got a settlement let's tell you about it now that it is official and announced by both parties after the annual meeting on the 29th, campbell's will increase the board from...
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media's investor day going on right now in midtown manhattan, a big day of interviews continues for david faberho's there now live and joins us with a special guest. >> that's right. i am joined by jim meyer, the chief executive officer of sirius xm holdings nice to have you. >> thank you. >> you guys have inked that deal to acquire pandora decent place to start as you await approvals. hope to close the deal fairly early next year? >> yes. >> but you have yet to give targets out in terms of what your financial projections will be and what's going to result from the combination, which investors of course care about why haven't you as yet and when will you >> we'll obviously give guidance here as part of our 2019 guidance when we give it -- normally we give it in late january. we're doing a lot of work on the integration of the companies i will tell you i'm more excited about the opportunity of pandora today, even as i dig deeper into it. >> why >> because i see the opportunity. i see it intwo big areas number one, i see how it can benefit sirius by that i mean our subscribers in terms of improvi
media's investor day going on right now in midtown manhattan, a big day of interviews continues for david faberho's there now live and joins us with a special guest. >> that's right. i am joined by jim meyer, the chief executive officer of sirius xm holdings nice to have you. >> thank you. >> you guys have inked that deal to acquire pandora decent place to start as you await approvals. hope to close the deal fairly early next year? >> yes. >> but you have yet to...
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this morning my colleague david faber pull ed larry cole. he is the ceo.ll i heard it's going to take a lot of time, a lot of time and then a lot of time if that's the case, why own it worse, why not sell it the bottom line, some, if not all these things had to occur, something has to occur before this market can find a sustainable bottom everything else is just a phony false floor not to be trusted. let's take a question, sir it's on you. >> ba-ba-boo-yah, dr. cramer. >> thank you >> and thank you for everything that you do for all of us sitting at home watching your show. >> well, thank you for serving >> i have a question about amd >> sure. >> with the news coming out that they're getting into business deals with amazon. >> sure. >> into the cloud sector, intel's issues with their chips, do you see them gaining significant market share in the technology sector? and if so, how -- how do you think that the stock can do? >> this is a great question, sir, because the answer is they are taking great market share. they did not have a perfect quarter last time
this morning my colleague david faber pull ed larry cole. he is the ceo.ll i heard it's going to take a lot of time, a lot of time and then a lot of time if that's the case, why own it worse, why not sell it the bottom line, some, if not all these things had to occur, something has to occur before this market can find a sustainable bottom everything else is just a phony false floor not to be trusted. let's take a question, sir it's on you. >> ba-ba-boo-yah, dr. cramer. >> thank you...
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good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with jim cramer and david faberjim has voted. europe is uniformly red and the 10-yr yield, 319 we begin with wall street for the midterms we are keeping an eye on that slide in apple share down more than 9% since late last week. earnings watch, the hotel giant is citing weaker demand and retailers with disappointing comps. americans headed to the polls with a lot at stakes for the president's agenda republicans holding onto senate control. although the journal in morning jim says elections have minimal impact and you have powerful forces like tax cuts and trades and the job market the way they are. >> i read that i have been wrapping my brain for the last week about an election where i say you would buy this and that other than defense stock that should come down i am hard press to come up with things to do the forces is the fed. tariffs and the president and not necessarily about the market i really struggle it going through the s&p 500 charts this weekend looking for something profound per se and i struggle >> are
good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with jim cramer and david faberjim has voted. europe is uniformly red and the 10-yr yield, 319 we begin with wall street for the midterms we are keeping an eye on that slide in apple share down more than 9% since late last week. earnings watch, the hotel giant is citing weaker demand and retailers with disappointing comps. americans headed to the polls with a lot at stakes for the president's agenda...
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. >>> larry culp marking six weeks on the job as ge's ceo with an exclusive interview with our david faber. listen to what he said about the decision to reduce the dividend on general electric shares >> step back from all of that and given the way the stocks traded, i think we make the same decisions today. those are the right decisions to make sure that the company is facing forward and dealing with the fact that we do have a lot of leverage. i think we all agree in that regard, but we have a number of options to bring that leverage down over time, and the company is very committed to doing that. whether it's an equity analyst, whether it's the rating agencies, witness the downgrades, or what we said ourselves, we need to bring the leverage down, and i think we've got plenty of opportunities through asset sales to do that in the last six weeks, it's my sixth, marks six weeks on the job, i've heard from lots of people across our markets, people who have interest in ge assets, and i think that's confirmation that we have quality franchises and frankly that we have options two weeks ago, fol
. >>> larry culp marking six weeks on the job as ge's ceo with an exclusive interview with our david faber. listen to what he said about the decision to reduce the dividend on general electric shares >> step back from all of that and given the way the stocks traded, i think we make the same decisions today. those are the right decisions to make sure that the company is facing forward and dealing with the fact that we do have a lot of leverage. i think we all agree in that regard,...
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good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with jim cramer and david faberd the 10-y
good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with jim cramer and david faberd the 10-y
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good monday morning, welcome to "squawk on the street," i am carl quintanilla and jim cramer and david fabernault any st. joh and more 10-yr yields t
good monday morning, welcome to "squawk on the street," i am carl quintanilla and jim cramer and david fabernault any st. joh and more 10-yr yields t
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good friday morning, welcome to "squawk on the street," i am carl quintanilla with david faber and jimg, david taylor. futures are weak
good friday morning, welcome to "squawk on the street," i am carl quintanilla with david faber and jimg, david taylor. futures are weak
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good friday morning, welcome to "squawk on the street," i am carl quintanilla with sara eisen and david faberk to jeff gennette, ceo
good friday morning, welcome to "squawk on the street," i am carl quintanilla with sara eisen and david faberk to jeff gennette, ceo
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good monday morning, welcome to "squawk on the street," i am carl quintanilla with david faber. and fed meetings and chinese president xi speaks on trade we'll get to all of that europe is mixed. invest invest sediment is down there. our road map begins with china talkin
good monday morning, welcome to "squawk on the street," i am carl quintanilla with david faber. and fed meetings and chinese president xi speaks on trade we'll get to all of that europe is mixed. invest invest sediment is down there. our road map begins with china talkin
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right now >>> good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with david faberseventh months low. as we get closer to retesting of october lows analysts is rushing to downgrade tech
right now >>> good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with david faberseventh months low. as we get closer to retesting of october lows analysts is rushing to downgrade tech
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is next ♪ >> good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with david faber greg hayes. futures are weak, dow looks at 130. the president says it is highly unlikely he'll leave on chinese goods. watch bonds today,
is next ♪ >> good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with david faber greg hayes. futures are weak, dow looks at 130. the president says it is highly unlikely he'll leave on chinese goods. watch bonds today,
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good monday morning, welcome to "squawk on the street," i am carl quintanilla with jim cramer and david faber 1600 dow points big week as we get to earnings the g-20 summit. europe's green, oil is back above 51 road map
good monday morning, welcome to "squawk on the street," i am carl quintanilla with jim cramer and david faber 1600 dow points big week as we get to earnings the g-20 summit. europe's green, oil is back above 51 road map
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wednesday morning, welcome to "squawk on the street," i am carl quintanilla with jim cramer and david faberthe midterms mean for stocks and deficits and more. europe with a host of 10% gained and oil rally on some production cut talks. we begin with the midterm momentum
wednesday morning, welcome to "squawk on the street," i am carl quintanilla with jim cramer and david faberthe midterms mean for stocks and deficits and more. europe with a host of 10% gained and oil rally on some production cut talks. we begin with the midterm momentum