elon musk, live, one-on-one with david faber. >> live at tesla headquarters in austin, texas. own david faber has a one-on-one interview with tesla's chairman and ceo elon musk. everything about tesla's future, the new ceo twitter ceo he hired, spacex, ai, and a lot more. with us tonight, bringing that what we will hear, dan, cnbc

good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faberlive at cnbc's inaugural ceo council summit in santa barbara, california take a look at futures this morning. still in debt ceiling limbo, although talks resume today. uk inflation runs a little bit hot. decent batch of some specialty retail earnings. our road map is going to begin with that d.c. debt deal no signs of progress, but negotiators are set to meet

consequence of that is losing money, so be it. >> that was elon musk speaking exclusively to our david faber's made his way back from austin, texas to the new york stock exchange david, well done i asked specifically for that sound bite because there were so many great moments in that interview but that was by far my favorite and the silence while he thought about it and came up with his answer i think just shows what a true answer that was, how he really feels about things and got to the heart of such an important question i was blown away, incredibly well done and we learned so much out of this that i didn't know before what's your biggest takeaway coming back? >> and that's, becky first of all, i certainly very much appreciate that like always when we do those interviews, you know, why didn't i ask that one, even now i hadn't actually watched it since i did it >> that was my favorite moment >> the pauses were fascinating, and it's interesting to just watch his mind work. i wanted to actually say, of course, you killed my father, prepare to die, but i was sitting there going -- but i didn'

and david faber got him to say that he does not believe the election was stolen. >> to get insight intoow elon musk thinks, it think it was interesting that david fab forgot him to talk about his shareholder meeting, that they're going to advertise, something they hadn't done before david faber was getting details from him elon simply said it at the meeting. that was so insightful how he makes those decisions. >> you look at the insight how he operates as a businessman and as a leader. it seems like he made that decision on the fly. he said early in the interview, i tried to get out of the deal he said, verbatim, i tried to exit the deal, and they wouldn't let me so he sort of invariably ended up becoming the owner of twitter, and because of that, he had to make all the decisions he took, and he said the last couple of months were really, really challenging for him now we know there's a new ceo coming to head up the company, which is going to free his time a little bit and allow him to focus on his main projects like spacex and tesla it's interesting all the events unfolding last year,

david faber is talking to elon musk here on cnbc. >>> back to the debt ceiling talks.mccarthy to craft a spending deal to avoid a u.s. debt default. one the treasury said that could come as soon as june 1st janet yellen doubling down on the outlook of the june 1st date we have learned from past debt l limit impasses that waiting can cause serious harm to business and consumer confidence and raise borrowing costs anding negatl - and negatively impact costs. let's seize if -- let's see if e heading down a similar path with isaac boltansky. >> good morning, frank >> we were talking about the credit rating being downgraded possibly it was downgraded in 2011 and we are still at aa plus how real is this downgrade and what would another downgrade, down from aa plus, mean for the u.s. >> most folks in d.c. are hoping to get a deal. there is not mucpical in d.c. we focus on the short-term rather than long-term if you step back and think what were the foundational dynamics at play then an unstable trajectory of the fiscal standing and we had a dysfunctional political environment

"power lunch" will be back right after this lunch," one of the clips from david faber's interview withn musk is regarding his twitter account and responded with this quote from inigo montoya. >> you know, i'm reminded of the -- as i've seen in "the princess bride," great movie where he confronts the person who killed his father, and he says offer me money. offer me power i don't care >> so you just don't care. you want to share what you have to say. >> i'll say what i want to say, and if -- if the consequence of that is losing money, so be it >> elon musk did just hire a new ceo to help twitter advertisers, might make their job a little more difficult and does it make the world a safer place? let's ask julia boorstin these loaded questions and she joins us on set. where do we begin? >> you have to see "the princess bride. it's a great movie he's singularly focused on free speech and nothing will take him off that path and that was the point to quoting "the princess bride. he wants to be a proponent for free speech and advertisers feel they can be trusted and that advertising needs to b

be sure to tune in to david faber's big interview with elon musk it is tonight. al broadcast 6:00 p.m. eastern time that will be faber and musk. you don't want to miss it. up next on the show we will talk with one tesla analyst about what he'd like to hear from the company's ceo tonight. stay with us [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. a bank that knows your business grows your business. aany questions?dy -yeah, i got one. how about the best network imaginable? let's invent that. that's what we do here. quick survey. who wants the internet to work, pretty much everywhere. and it needs to smooth, like super, super, super, super smooth. hey, should you be drinking that? -it's decaf. because we're busy women. we don't have time for lag or buffering. who doesn't want internet that helps a.i. do your homework even faster. come again. -sorry, what was that? introducing the next g

one can simply read the lines. >> there was so much to learn from david faber's incredible interview the focus on their discussion about taiwan, because taiwan manufacturers a huge chunk of the world's semiconductors these days chips are in everything if china ever invades taiwan, the whole globe has a problem. the stated policy of the chinese government is they want to take taiwan back. they said it belonged to them in the first place. so what do you need to know here first, our government is acutely aware of how china could hold us hostage economically if it makes a move on taiwan commerce secretary gina raimondo has been really focused on this issue. it's why she worked so hard to pass the chips act we need more capacity, even if it's much more expensive here because taiwan is too vulnerable second, lately our government has embraced taiwan like never before it's been a tortuored path when the communist party took hold, our government recognized them as the real china until 1979 the people's republic of china, you know, the actual china has been committed to reunification by force

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toyota goes back to the drawing board for the best selling pickup truck and david faber heads to the mount at citi field. our top trending stories when we come back. stay with us ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley (vo) if you've had thyroid eye disease for years and you can't get any shut eye because you can't shut your eyes, it's not too late for another treatment option. to learn more visit treatted.com. that's treatt-e-d

also elon musk sat down with our david faber. he made comments about free speech against profits >>> then, a ukraine grain deal a deadline is coming up today. we're going to tell you what that could mean for the conflict over there in ukraine and also the global economy. >>> also looking at retail results, we're going to show you and talk to you about what home depot's results could mean for another big retailer reporting today before the bell. it is wednesday, may 18th -- may 17th, 2023, and you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange. i'm frank holland. it is actually may 17th, by the way. let's take a look at the futures we saw the dow fall more than 1% looking at the futures right now, we are seeing they're green across the board at this point the dow jones would open up about 90 points hi higher the s&p and nasdaq opening slightly higher, but we also say it's early this morning the benchmark 10-year at 3.54% the 2-year yield back above 4% at 4.10% this mornin

. >>> don't miss david faber's interview with elon musk that starts at 6:00 p.m. eastern. yoarwahi "ua b" u e tcngsqwkoxon cnbc >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once and get closer to iconic landmarks, local life and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort. >>> time for a little whale watching portfolio moves revealed from the biggest investors. berkshire revealed moves in the kw first quarter. it continued to move in activision-blizzard. that stake was worth more than $4 billion in march. berkshire with capital one financial with the stock up sharply on the news. and berkshire exited stake in bank of mellon and u.s. bancorp. >> by the way, the paramount piece. still? >> i don't know. did you read through it? >> i couldn't see what was going on it looked like it was still there. >> i guess there

david faber just back from the interview in austin.pitch at citi field before the me mets game this afternoon he tweeted out -- what did he say? i did not bring the heat >> we're proud of david faber. >> you're bringing the heat every time we turn around. cl "closing bell" starts right now. >>> kelly, thanks so much. i'm scott wapner live from post nine, the make or break hour begins with a.i. arms race and the stocks tied to the transformational technology can continue to climb as they are today. your score card. dow has been in the red all day, take a look at the nasdaq, not in the red by any stretch. alphabet, microsoft, nvidia, apple continuing to rise the fed is unable to derail the tech with their speak. >>> leadin

cnbc's david faber got that rare interview and joins us now. cinating. among the things you talked to musk about, you pressed him on his controversial twitter posts. here's what he said. >> do your tweets hurt the company? are there tesla owners that say i don't agree with his political position because -- and i know it because he shares so much of it. or are there advertisers on twitter that will come and say, you got to stop, man, you know, i can't get these ads because of some of the things you tweet? >> you know, i'm reminded of the scene in "the princess bride," great movie. >> great movie. >> where he confronts the person who killed his father, and he says, offer me money, offer me power. i don't care. >> so you just don't care? you want to share what you have to say. >> i'll say what i want to say, and if the consequence of that is losing money, so be it. >> that is the longest pregnant pause and, first of all, as a fellow journalist, i admire your patience in just letting it play out. thank you. >> but did you get the sense, david, that

going to cut rates and that is going to be a bull signal in and of itself to which elon musk told david faber as part of their exclusive interview, among all the other things they discussed, he's not counting on cuts anytime soon either let's listen >> raising the fed rate as a brake pedal on the economy, frankly, it makes a lot of things more expensive. suddenly things that are bought with credit but it has downstream effects on things that aren't bought with credit if the car payment or your home mortgage payment is absorbing more of your monthly budget, then you have less money to buy other things so actually it affects everything, even those things not bought on credit >> right >> and my concern with the way the federal reserve is making decisions is they're just operating with too much latency. the data is somewhat stale so the federal reserve was slow to raise interest rates, and now i think they're going to be slow to lower them. >> sort of throwing cold water on this notion that the fed is going to cut rates as the market continues to believe is going to happen >> i perfectly agree wi

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tesla and elon musk before his big sitdown request our colleague, david faber. >> yeah, and the annualy one of those events where tesla investors get all excited and we don't get a lot of clarity from elon musk in his comments three things people will be focused on one, what does it say about the profit margin outlook? they can go down to zero as long as it's revenue growth i'm not sure it'll be retail now making 5,000 vehicles a week where the annual meeting will be holding and taking place, and then there's the next leg of growth as you take a look at shares of tesla over the last year, remember, cybertruck production is scheduled to be over the next year but what does it say about the lower priced model 2? those rare the things that they'll be focused on. if elon musk touches in great detail. >> what do you hope to hear that they were all excited about with david faber? it'll be that cnbc special event at 6:00 eastern time this evening. >> i'm excited it's not just going to be about tesla. he's also going to be talking about twitter, ai, spacex. david's going to touch on a whole ran

a big interview at 6:00 p.m., david faber will be sitting down with elon musk must-see television. >> i just -- anything -- >> that's what i mean. it's live. >> the richest guy in the world. he can basically say anything. what are you going to do sue me tune in tomorrow to "squawk on the street." >>> good tuesday morning welcome to "squawk on the street." i'm carl quintanilla with jim kraerm at the new york stock exchange david faber is in austin, tesla's annual shareholder day he'll be live tonight at 6:00 eastern time you cannot miss that meantime, a packed morning retail sales returns to growth debt ceiling, home depot cuts guidance our roadmap begins with home depot shares shrinking after posting the worst revenue miss in about 20 years. plus, quote, no barrier to higher rates that's the message from barkin today. and ev competition david is in texas to talk to elon musk, and ford scaling back some china investments let's get to david in texas with more on tonight, david we were just talking about the range of topics that you'll be able to cover, whether it's cars, space, media, m

yeah >> i made a joke with david that when david said it's worthless, the stock was at $5.30 and then it jumped to $5.50, which demonstrated the power of faberthe thing was worthless, and the media is worthless, away from david. >> listen to me now, believe me later. >> david says it's worthless and the stock goes up? who is doing this, the same guys who bought bed bath at $17, i guess. >> it was kind of -- yeah, it was a lot of different things going around last week, but i think we sort of had the story right, thankfully, from the beginning. i'm floating that private market -- that private solution that obviously then we reported was not looking like it was going to happen. but certainly nothing we take -- >> reporting does matter, david. it's easily ignored and the other guys have louder voices. but david was right. >> dimon said they looked at open bank solutions but just did not happen great work by david on friday. >>> when we come back, a big week with that fed rate decision, the jobs number, apple. later on this hour, david with apollo's marc rowan. we'll get to sofi, norwegian and these upgrades on a o re, mct.gmndur verizon small b

> good friday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david fabert post nine of the new york stock exchange heading into the weekend with a boatload of news powell is on deck. options expiration we'll be looking for debt ceiling news on sunday futures holding up on this best week for the s&p since march our road map begins with rally mode s&p, nasdaq eyeing the biggest weekly gain in several weeks big tech leading the way, apple and alphabet, highest levels in over a year. >>> plus disney ups the ante in that feud with florida governor ron desantis >>> and there are some struggles in retail. shares of foot locker are down sharply after the company missed its first quarter numbers and lowered its outlook. >>> we're going to begin with the news that broke a few moments ago and that is morgan stanley's james gorman planning to step down as ceo and assume an executive chairman role in the next 12 months we have been talking during the break, guys, about the strategic changes he brought but also some generational change here in financials >> i think that

i read this piece by wolf and it was like i just listened to david faber yesterday and i've got to putrt because what you were talking about david, this notion of what's going to happen with linear is the real existential threat. but it's almost as if parks are such an afterthought. >> yeah. >> it does bother me because at a certain level we can talk about how strong netflix is and did we decide that netflix is so strong it doesn't need parks or to strong because it doesn't have linear? could we look at a slimmed down disney with a parks company, not enough things that are profitable away from -- >> there are not a lot of things within parks direct to consumer quite profitable this has always been, linear networks continue there. they're steady, and perhaps quickening decline. >> but you never see ip anymore in these pieces. >> no. >> but they have ip. why isn't -- even thought about? >> i don't know. you know, jim, you mentioned this yesterday, you've talked about it not being a good call and after the show yesterday i had a couple of conversations with people who certainly agree with

. >> that was elon musk speaking to david faber on tuesday night speaking about the dangers of a.i. is jonathan greenblatt from the anti-defamation league how concerned are you about a.i. being slanderous, if you will? >> a.i. or degenerative a.i. is not slanderous, per it's sland the modeling it's drawing from it's contains hate -- >> interestingly, if you look at the large-language models that are being created and controlled by chat a.i. on one end, i'm thinking of one -- i lost my train -- but all those to be honest with you i'm not worried about because they have some guardrails to me the question is, all these other a.i.s, these other sort of large-language models are smaller -- frankly, what elon musk is hoping to do with his a.i. tool which to say he wants it so you can say, i think you'd be able to say i'm a racist. >> right. >> i want you to talk like the way i talk and this is how i am. he wants his a.i. to be completely open to what i'm doing. >> i'm home schooling my kids so give me history lessons of the holocaust that didn't happen i can standardize that i think that'

good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faberlive at cnbc's inaugural ceo council summit in santa barbara, california take a look at futures this morning. still in debt ceiling limbo, although talks resume today. uk inflation runs a little bit hot. decent batch of some specialty retail earnings. our road map is going to begin with that d.c. debt deal no signs of progress, but negotiators are set to meet again today with wall street on watch. >>> retail bounce. shares of kohl's, urban outfitters and abercrombie rallying sharply on quarterly results. >>> palo alto's ceo says a.i. will transform the software industry he joined jim last night on "mad money. palo alto shares, by the way, also are up ahead of the open. >>> let's begin with the markets. nasdaq coming off its worst daily performance in about a month. dow hoping to avoid four straight days of losses as we did get good commentary on the markets and the economy here at our ceo council summit, jim. david solomon talking about sort of a view that you share, which is that infl

. >> he is a busy man, elon musk he does get around david faber will be sitting down with elon musk at:00 p.m. eastern time today 11:00 p.m. if you are out late in london. not one to miss. that will be an interesting conversation elon musk has the attitude to travel all over the place. france is trying to lure in inve investment remember, tesla built a factory in germany you have to think there is a bit of competition >> we know that france was interested in tesla and choosing france for the factory he was asked if they were building a factory there he would not give information on the content of the conversations. we know that france previously tried to get that factory, but he went with germany >> it is funny, the optics the british newspapers are picking up on the fact that elon musk showed up for the interview unshaven he joked to macron that he had to sleep in the car. these videos of him emerged of him in mexico the next before. >> he gets around. >> he does again, it is part of the persona and vibe that elon musk is going for and he is an international man and busy man, but also

heard on cnbc this week, elon musk is watching china and the tension with the u.s musk telling david faber that issues should be a concern for everyone and then warren buffett selling stake in tsmc despite a fabulous enterprise buffett is concerned about the tension in the region. all this as chinese giant alibaba prepares to report in just over an hour. wild moves on the stock. one indication of the split of the sentiment in the region. let's talk about this with brendan ahern. great to see you brendan >> great to see you, frank. >> what is your view on the china overall economy and chinese equities >> on the basis, chinese economy is coming out oof a trough. china is on the path of recovery it is an incremental recovery driven by domestic consumption different from past rebounds which have been driven by export manufacturing which is slowing as the global economy slows and it is less infrastructure intens intensive. less building intensive. a different recovery that is why we think it is an incremental recovery >> you mention export focus manufacturing. how is this impacting the chinese

i'm david faber with jim cramer.are live from the new york stock exchange carl has the morning off this morning. let's take a look at futures you can see we are set up for what's going to be a lower open, though we seem to be coming back from what i saw a little while ago. really who knows, right? it can all change so quickly our roadmap does start with d.c.'s debt showdown president biden set to meet with congressional leaders today. treasury secretary yellen saying, quote, we're not a deadbeat country plus, we continue to keep an eye on the regional banks. the volatility seems to be back when it comes to their stock prices chicago's fed president saying the credit squeeze has already begun. >>> check out shares of palantir, this is as they say interest in their new ai platform is, quote, unlike anything we have seen. we'll talk about that in a minute >>> let get to the debt showdown, if you want to call it that at least a countdown to the talks this afternoon no one seems to think anything is going to be accomplish

wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faberthe market does appreciate cpi today. the june rate hike, odds fall to about 10% amid the flurry of corporate results today and tonight. our road map begins with the macro picture. cpi better than feared and no d.c. deal yet as a debt default looms. >>> plus airbnb's cautious outlook. shares are slumping as the company forecasts fewer bookings and lower prices in the second quarter. >>> and we are keeping a close eye on the evs rivian's losses shrink, texas tesla output hits 5,000 a week, and byd cutting prices on its top-selling sedans >>> let's begin with the market reaction to cpi. 4.9%, year on year on headline used cars up for the first time in several months, up 4% >> i've been struggling over that new cars are both in abundance, and getting much better credit terms, and so i don't really -- if you wanted to look at what i think may would be, that's going to be down i also think that -- i've begun to take a lot of issue with the compilation of those things. i do a lot of work on

live and it's elon musk with david faber down in austin and that's a cnbc special presentation you doomorrow 6:00 p.m. eastern time and a reminder of what's coming up today in a few hours. gabriella santos, adam parker and we're down two and we will be looking for that with leslie picker fanatics with the sports betting deal and we'll get to the bottom of that, and contessa brewer we'll do final trades now. rob sechan ten years in the investment committee. you have to have a good pick >> thank you for all of that, by the way. i appreciate mastercard, resilient grower and expecting mid-teens growth expected by travel and rising international business in its capital, and 50% free cash flow margins. >> jennie harrington >> columbia bankshares and this is umqua and columbia that merged and it got thrown out with the baby with the bathwater and here's what's cool they actually just raised the dividend today and only by a penny which isn't a lot, but it's a huge statement. >> so let me ask you this, you say it's a super high quality regional bank and it very well may be and if you say it is

speech good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla, jim cramer, david faberiraculously is back already. some optimism about the debt ceiling today as we keep an eye on targets earnings and getting numbers cut on china's recovery. we'll begin with the musk interview. david, just remarkable and really a privilege that we got that much time both on our end and his. >> very happy to have had the opportunity to speak to him for an hour. always things that you don't get to because his views and his everything is so wide-ranging. of course, sorry we didn't talk more about space or starlink, but what we did talk about, i thought, was fascinating, and i hope for our viewers as well, whether it was, as you heard, sort of his position in terms of, he's going to continue to tweet and tweet things that make a lot of people unhappy. he doesn't care. that's exactly what he said. we talked a great deal, though, about tesla, which i think jim is, perhaps, front and center for our viewers more than anything else as a company, coming right after the annual meeting, a little bit

i'm carl quintanilla, david faber, jim cramer. all eyes turning to the debt ceiling vote count yields are lower, futures up busy week. plenty of jobs data. our roadmap begins with that d.c. deal-ish in the race to avoid defaurlt, facing a key vote on capitol hill this week >> about to welcome another company to the trillion dollar club, the ai boom fueling nvidia's stock surge it would be the first u.s. chip maker to cross that enormous market value >>> and elon musk meets with china's foreign minister touting tesla expansion in that country. >>> let's begin with a new market week following the tentative debt ceiling deal forged by the president and the speaker over the weekend jim, your political cynicism just won't go away. >> i think they have to have one more bit of drama. it's kind of like tarp let's do one more. maybe not more than that i think the speaker seems to have some grasp -- they really got along. david, i have to tell you, i think there's a friendship there between the speaker and the president. >> you're going the

i'm carl quintanilla with jim cramer and david faber we're live at the ceo council summit in santa barbaralifornia the market juggling a bunch of pieces of news debt ceiling talks, a little more optimism, not a lot of news yields definitely elevated the long bond back to 4 force the first time since march d.c.'s race for the debt deal. speaker mccarthy says talks were, quote, productive, as wall street watches for any signs of negotiation progress. >> inflation headwinds lowe's warning about waning demand for home improvement goods has consumers cutting back on discretionary spending. the ce of of e y will join us. >>> we'll bring you exclusive interviews and insight from some of the country's biggest executives they'll tackle the debate over the nation's finances, ai, the revolution there, the dangerous escalation in u.s.-china tensions a nice set here. gorgeous view of the ocean. >> i'll just tell you, i don't want to be a buzzkill, but everybody keeps saying we're waiting for when the consumer is going to get weaker. other than when it comes to airplane traffic, the consumer is weaker e

i did not bring the heat >> we're proud of david faber. >> you're bringing the heat every time we turn around. cl "closing bell" starts right now. >>> kelly, thanks so much. i'm scott wapner live from post nine, the make or break hour begins with a.i. arms race and the stocks tied to the transformational technology can continue to climb as they are today. your score card. dow has been in the red all day, take a look at the nasdaq, not in the red by any stretch. alphabet, microsoft, nvidia, apple continuing to rise the fed is unable to derail the tech with their speak. >>> leading to way too much a.i. hype let's ask stephanie link, joe tear nova and alex cantowitz alex, what do you make of the ios announcement we got today from open a.i. >> i think it puts open a.i. in position to almost sub plant the operating system on ios. it's long been the pipe dream of the tech companies to say using apps on a phone is inefficient what if we put it in a chat bot that understands what we are, what our credit card information is, if we get people accustomed it, you have power on the apps on the stor

i'm david faber with morgan brennan. we're live from post nine.d sara both on assignment give you a look at the markets half hour into trading this morning. you can see the s&p is up ever so slightly. the nasdaq, though, continued strength in that index. >> 4196, just below that 4200 level for the s&p. everybody has been watching that we're 30 minutes into the trading session. three movers that we're watching shares of pacwest rallying the bank selling $2.6 billion portfolio of construction loans to kennedy holdings. the bank agreed to sell six loans to kennedy wilson with a balance, principal balance, of $363 million meta, meantime has been fined a record $1.3 billion by european privacy regulators over the transfer of eu user data to the u.s. the protection commission told meta to suspend, quote, any future transfer of personal data to the u.s facebook says it will appeal the decision and the fine. shares are popping, though they're up 3%. >>> and a we have a deal in the energy space this morning. chevron agreeing to buy pdyful in -- pdc energy

wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faberwe'll watch for a month in rebalancing. futures in the red china data was quite weak. we are expecting a debt ceiling vote tonight republican leaders say it's likely to pass our road map begins with stocks, though, eyeing a lower open on this last trading day of may as we await progress on the debt deal >>> plus a.i. mania helping to drive what has been a strong month for certainly big cap tech, the latest read on that sector we'll also talk about results from hp and hpe. we're also watching china stocks there entering a bear market jamie dimon calls for increased washington-beijing engagement. >>> let's start with the markets, though, on this final trading day of the month china kind of threw things for a loop >> china's such a bummer i'm beginning to think -- they won't use the word recession, because they're not allowed to but we're talking about, every article, severe slowdown, contraction. they love that word, contraction. david, the chinese economy is like a battle ship with the

good monday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david fabert post known of the new york stock exchange. following through friday's rally. busy week for consumer earnings, the debt ceiling negotiations, and inflation data we'll get the loan officer survey this afternoon. our road map begins with a big week for investors the banks rebound. we'll get that latest read on cpi and ppi. and the president set to meet speaker mccarthy >>> plus warren buffett delivers a gloomy outlook for corporate earnings cautions that fear is contagious as we continue to watch that regional bank volatility >>> and treasury secretary janet yellen warning of economic chaos and a constitutional crisis if congress fails to raise the debt ceiling. >>> let's begin with a new market week featuring, as we said, a lot of data and earnings and some of these talks of the white house, jim what is going to be of those buckets, what's the most important going into tomorrow? >> i think it is the janet yellen on abc news, because there was this moment where george stephanopoulos, wh

good friday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faberstocks try to assemble some green arrows, financials getting a bounce, the key upgrade and april jobs comes in ahead of expectations, 253,000 with wage growth a bit hot for the 13th consecutive month of better than expected job growth. >> on the earnings front, well, we've got apple's results, and they did exceed what most of the analysts following the company had been forecasting find out what tim cook told cnbc about the quarter. >>> plus, wrapping up another rough week for regional banks, this amidst worries about many of those banks' health a number of the beaten-down names, though, they look to recoup some of those losses. you probably saw it in the last few minutes. a lot of them up double digits >> you like that comerica >> we'll begin with the april jobs number, though, as we said, 253. street was looking for 180. the revisions kind of make the last couple months a wash. >> i thought that was interesting. first of all, we're all used to numbers being accurate, so in any other b

good monday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faberactive news flow today some debt ceiling optimism as talks resume tomorrow. softer inflation prints in europe and asia, upgrades of schwab, meta, and dupont our road map begins with the macro outlook, though. investors eyeing new hopes >>> and atlanta fed president bostic casting doubts on rate cuts this year, even if there is a recession. >>> plus, we've got some deals day. one of the world's largest buyouts so far this year and there's a $19 billion pipeline deal jim will have some things to offer on that. >>> as well, we're going to hear about adobe's push into a.i. the ceo will join us later in the hour to talk about that. >>> let's start with this new market week, including these debt ceiling talks and a bunch of retail earnings jim, you have been worried about the x date, and i wonder if any of these reports about so-called progress resonate with you >> i need to hear it from the republicans, particularly s speaker mccarthy, because speaker mccarthy is on thin ice if he makes a d

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange. busy tuesday today plenty of big name corporate earnings a fed meeting begins, debt ceiling chatter. inflation running hot in europe. australia with a surprise hike as well. our roadmap begins with investors on fed watch as the may policy meeting gets under way. then there's yellen's warning saying the country could run out of cash by june 1. the white house and speaker mccarthy have set some talks ibm forecasting 30% of jobs being disrupted. in hollywood, writers also seeking some limits on its use, and they go on strike. we'll begin with the markets and the fed today, jim, as we discuss some of the inflationary scares we were expecting an extended pause in australia. >> look, things are still red hot. i think we're probably the best of all -- the reason why we're the best is because we've been raising rates so furiously that we don't even know if we're going to start getting problems with the regional banks, all the growth is in regional banks. david, i don't know what those guys ar

i am transfer with david faber.to process a lot and not just the fed yesterday, but the ipo here at the exchange, more banking stretch and a rate hike in the europe. >> there is a lot to digest. we are 30 minutes into the trading session. here are big three movers. moderna is posting a surprisingly profit with maintaining its guidance of $5 billion in revenue from the covid vaccine, despite a drop in demand for the products, so shares are up 3.6%. paramount is plummeting after a miss on the top and bottom line. the company also flashing its dividend to five cents a share and we will have more on that later this hour, but you can see shares down 23%. we are keeping an eye on those regional banks. >>> that is where we will begin. telling reporters at the press conference that it is sound and resilient. that said, a few hours later, they announced that it is exploring strategic options going forward, including a potential sale. western alliance is another big ladder. reassure that the are stable. toronto dominion calli

good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david fabert post nine of the new york stock exchange stocks wrestling with some growth worries today, more regional bank stress, some very weak data out of china, softer ppi, may be good for margins, but jobless claims, 264,000 is the highest in 19 months our road map begins with the return of that regional bank volatility pacwest says deposits fell 9.5% last week, but jamie dimon says the regionals remain strong. >>> plus, disney shares are under pressure this morning. streaming losses improved. subscribers, though, declined, and ceo bob iger, he ups the ante with florida, asking, "do they want us to invest more or not? >>> jobless claims hit the highest since last october, and treasury secretary yellen says it should be unthinkable for the u.s. to default on its debt. >>> let's start with regional banks today, under pressure, led by pacwest, down double digits the company says it lost 9.5% of deposits in the week ending may 5th, citing customer concerns. got an update out of western alliance a

good thursday 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 coming off the best day for stocks in a couple of weeks, nasdaq at new highs for the year that labor market data this morning comes in a little warm futures do lose some gains and that two-year yield back to 4.2% our road map begins with retail and the consumer walmart rallying after raising their full-year guidance >>> plus we've got the return of that big-tech trade, nvidia and meta, they're both up more than 100% year-to-date. names such as apple and microsoft have also rallied shortly. >>> we're also keeping an eye on shares of cisco. they are moving ahead of the open >>> let's get to walmart up in the premarket, company posts a quarterly beat, raises its outlook for the full year, although the current quarter guidance is just shy of consensus. u.s. comps up 7.4% we were looking for something with a 5%. e-commerce, though, up 26, jim, after amazon, 11, and target, down 3 >> i'm so glad you pointed that out. the two surprises are e-commerce

. >> elon musk spoke to david faber in a wide-ranging interview. musk says tesla will start advertising, something tesla has never done before. musk was asked why he insists on tweeting controversial things, some of which has been interpreted as anti-semitic. musk says he's not an anti-semite, but says he will tweet what he wants. >> you just don't care? you want to share what you have to say? >> i'll say what i want to say. and if the consequence of that is losing money, so be it. >> okay. >> this sunday morning we'll talk to musk biography about his experiences with the tesla and twitter ceo. he knows musk well and says musk used to do a better job of keeping himself in check. >> when you hang out with him in person, he is not twitter elon. he's actually quite charming, he's quite rational and thoughtful. it perplexes me where he wants to poke all these buttons out in the world. >> sunday morning at 9:00, right after "meet the press." finally, apple is going to roll out something called live speech that would enable your iphone to talk in your vo

. >> boo-yah, john >> capital, would like to take over jetti >> i'm going quote david faber i don't knowthink they'll make money next year i think it could work. let's go to chad in indiana. chad >> jim, it's an honor to speak with you, sir. >> thank you >> i'm curious, i bought cummins last week at $51 and change and now $47. did i make a mistake with charles schwab >> they're being pushed down aggressively part of the company that is a bank can sink to a gigantic company. the stock and bond company that everybody knows. i don't want to own the stock. i don't recommend any regionals. i don't recommend any stock caught up in this i think it's a great company. let's leave it like that eric in virginia eric >> boo-yah, jim! first time, long time. >> all right absolutely thank you. what's going on? >> i want to ask you about endx. up 50% since february. >> you know this is going to be lithium and ion. the only i like is alb that is finally come down enough to buy and that, ladies and gentlemen, is the conclusion of the lightning round! >> coming up, cramer an apple's appetizing upside next

stock of the day, tesla, on the heels of that shareholder meeting and the big interview with cnbc's david fabersla shares up about 4% right now, seeing some momentum, trying to get out of this range that we have seen over the last couple of months but between new vehicle models being hinted at, the cybertruck coming out later this month, elon musk pouring cold water on him possibly stepping down as tesla's ceo, and maybe even advertising to sell cars there was so much to unpack. tesla is a stock trying to find footing. it trades at around 50 times forward earnings, but we'll keep a close eye on whether or not this could be a bullish move that some investors want to see to get it up to the upside >> dom, thanks dow sup almost 400 points. tesla wasn't the only topic musk talked about he touched on the fed, on ai, and on china let's start with those comments about u.s./chinatensions which musk says should be a concern for everyone >> do you think, for example, china will make a move to take control of taiwan? >> the official policy of china is that taiwan should be integrated one does not need to

eastern sitting down with our very own david faber in a wide-ranging interview off the back of teslareholder day. don't miss that tomorrow night we're back after a quick break on "squawk on the street." dow down onl10ois d e y pntanth s&p has gone positive. i'm a retired school librarian. i'm also a library board trustee, a mother of two, and a grandmother of two. basically, i thought that my memory wasn't as good as it had been. i needed all the help i could get. i saw the commercials for prevagen. i started taking it. and it helped! i noticed my memory was better. there was definite improvement. i've been taking prevagen for a little over five years. prevagen. at stores everywhere without a prescription. good night! hey corporate types. would you stop calling each other rock stars? you're a rock star. you are a rock star. rock stars. please! do you know what it takes to be a rock star? i've trashed hotel rooms in 43 countries. i was on the road since i was 16. i've done my share of bad things. also your share of bad things. we know that using workday for finance and hr makes you gr

i'm sara eisen, here with david faber. higher, s&p 500 is up a third of 1% nasdaq up a half of 1% happy fed day. we'll get the fed decision later this afternoon 30 minutes into the trading session. three big movers we're watching for you. ford moving higher after an earnings beat, getting a boost from its fleet and legacy truck divisions. but focuses on another loss for its ev business. kraft heinz helped by higher prices, the company raising its earnings outlook, a string of good news from those consumer staples companies, especially on food not so much for estee lauder, citing uncertainty in post pandemic recovery in asian retail, describing the recovery in china as more gradual than some of the market hoped. >> the stock is getting hit badly. again, the lack of travel, perhaps, the -- in asia, china obviously. but clearly, more of a surprise, perhaps, than some would have thought. you know, jim was saying that he thought that they had kind of already gotten some investors accustomed to that possibility. >> clearly, ther

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. >> elon musk spoke at length to david faber in a wide-ranging interview. musk says tesla will start advertising, something tesla has never done before. faber asked why musk insists on tweeting controversial things. some of which has been interpreted as anti-semitic. musk says he's not an anti-semite, but he will tweet what he wants. >> so you just don't care? you want to share what you have to say? >> i'll say what i want to say, and if the consequence of that is losing money, so be it. >> this sunday morning on "press here" we'll talk to a musk buying on rafr. he says musk used to do a better job keeping himself in check. >> when you hang out with him in person, he is not twitter elon, he's actually quite warming, he's quite rational and thoughtful, and it perplexes me why he wants to poke all these buttons out in the world. >> the author on "press here" this sunday morning on nbc bay area, 9:00 a.m., right after "meet the press." >> apple is going to roll out something interesting, they call it live speech. it will enable your iphone to talk in your voic