Squawk on the Street

Another promising read on inflation this morning: Sara Eisen and Carl Quintanilla kicked off the hour discussing where things stand when it comes to prices, tariffs, and the broader market rally before diving into the tech trade with Melius’s Ben Reitzes – who argues Nvidia could be the first company worth $5T. Plus: hear from longtime market veteran and Allianz Chief Economic Advisor Mohamed El-Erian about what’s next from the Fed… And why he says a rate cut could come sooner than expected. Also in focus: new numbers out of Bank of America, Goldman Sachs, and Morgan Stanley – what investors should know, this hour; the latest from Capitol Hill on the crypto front, as Bitcoin and related stocks rally; and a deep-dive on whether the wealthy really would leave NYC if Zohran Mamdani is elected mayor.

Carl Quintanilla and Jim Cramer explored what to make of a second day of bank earnings, led by Bank of America, Goldman Sachs and Morgan Stanley. The chip sector's record run also in the spotlight, led by Nvidia trading at all-time highs. The anchors reacted to comments made by Nvidia CEO Jensen Huang in Beijing about doing business in China. The Producer Price Index for June comes in tamer than expected, showing wholesale inflation unchanged month-on-month. Also in focus: ASML drags chip equipment stocks lower, Johnson & Johnson jumps on earnings, President Trump from trade to your 401(K), crypto legislation vote watch. Squawk on the Street Disclaimer

June consumer inflation coming in as expected: Carl Quintanilla and Sara Eisen broke down the key categories to watch, sectors most impacted by tariffs, and what it all means for stocks alongside the Fed. Famed investor Mario Gabelli joined the team with his take on it all – along with some specific stock picks… While Former Fed Governor Randy Kroszner argued today’s print doesn’t move the needle on rates. Plus: a deep-dive on the big banks, as JPMorgan, Citi, and Wells Fargo kick off earnings from the group this week (all beating estimates). Also in focus: the President’s headed to Pittsburgh today for Pennsylvania’s first ever Energy and Innovation Summit… with billions of dollars in deals and commitments around AI and data centers expected to be (or already) announced. U.S. Energy Secretary Chris Wright joined the team live from the ground with his answers to America’s growing power needs – along with recent OPEC developments, and more.

On a record-setting day for the S&P 500 and Nasdaq, Carl Quintanilla and Jim Cramer delved into a number of big stories: JPMorgan Chase, Wells Fargo and Citi kick off earnings season with Q2 beats. Nvidia shares hit new all-time highs after the chipmaker said the U.S. is giving it the green light to resume sales of its H20 AI chips to China. CPI data show consumer inflation rose in June, but largely in line with economists' expectations. Also in focus: JPMorgan Chase CEO Jamie Dimon talks regulation and stablecoins on the company's earnings call, Meta CEO Mark Zuckerberg on the company's AI hiring spree, Amazon-backed Anthropic's AI rollout, Jim Cramer's message for Apple CEO Tim Cook, stocks caught up in a downgrade parade. Squawk on the Street Disclaimer

Cramer says he likes this industrial stock, calls it a buy. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Stocks opening lower as the street works through the President’s new threat of 30% tariffs on Mexico and the EU: Carl Quintanilla and Sara Eisen discussed the latest for stocks and global trade with Citi’s U.S. Equity Strategist Scott Chronert (who says the S&P’s rally has legs here) along with Rockefeller International Chairman Ruchir Sharma, who’s pointing to a rare winner abroad. Market movers today across a myriad of industries: hear more on what’s driving the rally in Bitcoin prices… the set-up for the banks into earnings this week… and why the street’s getting bullish on Fastenal. Also in focus: where to put your money to work in the autos with one analyst who calls Tesla an easy buy here – despite the release of a key competitor in China (with a live read from Beijing this hour) and more headlines around possible xAI investments

Carl Quintanilla and Jim Cramer kicked off a new week with market reaction to President Trump threatening Mexico and the EU with 30% tariffs beginning August 1. The anchors also discussed the president ramping up his criticism of Fed Chair Powell for not cutting interest rates and saying Powell should quit. Also in focus: Bitcoin's new record high and "Crypto Week" on Capitol Hill, Jim's CNBC Investing Club Annual Meeting message on bullishness, Elon Musk says Tesla and xAI should not merge, Nvidia and what's weighing on chip stocks, Waters and Becton Dickinson shares fall in reaction to their $17.5 billion merger agreement Squawk on the Street Disclaimer

Carl Quintanilla, Contessa Brewer, and David Faber started the show with a look at stocks retreating from record highs, after President Trump announced a 35% tariff on Canada and threatened higher tariffs across the board. The anchors later brought on CNBC’s Julia Boorstin from Sun Valley, Idaho to discuss what the country’s biggest names in media and tech are saying about the impact of AI to the entertainment industry. Also in the mix; the desk discussed the fallout for Starbucks and Dutch Bros. following the 50% tariff threat to Brazil, America’s largest trade partner for coffee imports.

Carl Quintanilla, Jim Cramer and David Faber explored stocks pulling back from record highs after President Trump threatened to impose 35% tariffs on Canadian goods beginning August 1. The anchors also reacted to comments by JPMorgan Chase CEO Jamie Dimon: He warns of "complacency" in the markets. Also in focus: Wrapping up a big week for tech including Nvidia's $4 trillion milestone, OMB director slams Fed Chair Powell, the stocks riding the dealmaking rally, Levi Strauss jumps on earnings, countdown to Jim's CNBC Investing Club Annual Meeting. Squawk on the Street Disclaimer

Carl Quintanilla, Leslie Picker, and David Faber broke down the market action at the top of the hour as the Nasdaq notched another new all-time high. One of the day’s biggest movers included Delta Air Lines, which soared on its latest earnings beat. Other names in the space like United and American rallied on their report as well. Shark Tank host Daymond John later joined the show to discuss the impact of tariffs to small businesses and retailers. Also in the mix; CNBC’s Morgan Brennan spoke with the CEO of MP Materials on their latest contract with the Pentagon that sent shares of the stock surging. Squawk on the Street Disclaimer

Carl Quintanilla, Jim Cramer and David Faber led off the show with market reaction to trade news, including President Trump announcing 50% tariffs on copper and Brazilian goods. Tech also in the spotlight: Nasdaq hits a fresh record high one day after Nvidia briefly surpassed $4 trillion in valuation. Hear what Jim said about Nvidia stock back in 2011. NFL Commissioner Roger Goodell joined the program from the Allen & Company Conference in Sun Valley, Idaho to discuss the league's streaming strategy. Also in focus: The government deal that sent one stock skyrocketing more than 60%, Delta surges on earnings, WK Kellogg soars after it agreed to be acquired by Nutella maker Ferrero. Squawk on the Street Disclaimer

Cramer explains the Club’s decision to trim its position in this energy stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Carl Quintanilla, Leslie Picker, and Mike Santoli hit the rally in tech stocks at the top of the show, after Nvidia became the first company to ever hit a $4 trillion valuation. The Nasdaq also touched a new record high as the market tried to rebound from back-to-back losses. Jefferies Chief Market Strategist David Zervos also joined the show, to discuss the WSJ report that President Trump was leaning towards Kevin Hassett and Kevin Warsh as potential picks to take over the Federal Reserve. Also in the mix; Snap CEO Evan Spiegel sat down with CNBC’s Julia Boorstin from Sun Valley, Idaho to discuss his company’s outlook and new AR glasses. Squawk on the Street Disclaimer

Carl Quintanilla and Jim Cramer covered all of the bases on a historic day for Nvidia: The chipmaker became the first company to achieve a $4 trillion valuation. Hear what Jim had to say about what's ahead for the stock. Also in focus: Apple's Jeff Williams to step down as COO, copper tariffs and what they could mean for Tesla, UnitedHealth and the DOJ, Merck's $10 billion deal to acquire Verona Pharma, President Trump's 200% pharma tariff threat. Squawk on the Street Disclaimer

Carl Quintanilla, Courtney Reagan, and Mike Santoli started the hour by discussing the market trying to rebound after it suffered its worst day in about 3 weeks. Both BofA and Goldman raised their S&P 500 forecasts as well, predicting some higher gains for the index ahead. CNBC’s Deirdre Bosa also joined the program to discuss Meta continuing its talent poaching spree as the company hired one of Apple’s top AI researchers. Later in the show, Courtney broke down what President Trump’s tariffs might mean for Amazon’s Prime Day sales, which kicked off today. Also in the mix: the desk hit the bank stocks, after HSBC downgraded JPMorgan, Goldman Sachs, and Bank of America ahead of their earnings next week. Squawk on the Street Disclaimer

Carl Quintanilla and Jim Cramer discussed stocks trying to shake off Monday's trade-related sell-off, after President Trump delayed higher tariffs on various trading partners until August 1. The anchors also reacted a pair of bullish calls on the S&P 500: Bank of America raised its year-end target on the index to 6300, Goldman Sachs lifted its target to 6600 for the same time period. Also in focus: Meta hires a top Apple AI executive, Tesla after the Musk "America Party" sell-off, what Amazon CEO Andy Jassy told Jim ahead of Tuesday's Prime Day kickoff, HSBC's call to "reduce" JPMorgan Chase and Goldman Sachs, Wendy's CEO heads to Hershey. Squawk on the Street Disclaimer

The second hour of CNBC’s "Squawk on the Street" with Carl Quintanilla and Sara Eisen is broadcast each weekday from the floor of the New York Stock Exchange, with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Squawk on the Street Disclaimer

Carl Quintanilla and Jim Cramer discussed what's ahead for stock markets entering a new week at record highs. The anchors also reacted to what Treasury Secretary Scott Bessent told CNBC about President Trump's tariff deadline and to expect "several announcements in the next 48 hours." White House senior trade and manufacturing adviser Peter Navarro joined the program to discuss his op-ed titled "Jerome Powell Is Competing to Become the Worst Fed Chair in History." Also in focus: Tesla shares slide after Elon Musk announces formation of the new "America Party" -- and Trump says Musk has gone "off the rails," high-flying CoreWeave buys Core Scientific, Oracle offers the federal government a discount. Squawk on the Street Disclaimer

AMERICA’S DEFICIT RECKONING: What happens if the U.S. doesn’t rein in the budget deficit? CNBC interviewed a dozen experts, investors and former government officials over the course of five months to explore the consequences of America’s fiscal path – not how to solve it, but what’s at stake if we don’t. This special report unpacks how rising debt threatens markets, hinders economic growth, and fractures international relations. From trillion-dollar annual interest payments to bond-market tremors to geopolitical vulnerability, CNBC explores the tipping point that the U.S. may be approaching – and whether it’s still possible to change course.

Private jobs jumping more than expected in June: Sara Eisen, David Faber, and Wilfred Frost broke down the latest as the S&P and Nasdaq hit fresh record highs. Hear key takeaways from JPMorgan Asset Management’s Chief Global Strategist, plus Goldman Sachs Chief Economist Jan Hatzius – fresh off news earlier in the week that he’s moving up his expectations for the Fed’s first rate cut to September. Also in focus: a number of huge headlines out of D.C. – the team got the latest from D.C. as investors await final passage of President Trump’s “Big Beautiful Bill”, breaking down the key winners and losers when it comes to future tax breaks… And discussed the outlook for chip stocks, on the heels of the U.S. lifting some export curbs on China around design software earlier this morning.