>> that's the difference between -- >> that's recent go back a little bit longer, guys >> they screwed you. - what's paycom? A Division of NBCUniversal. i'm okay. Watch the full episode online. call coventry direct today at the number on your screen, or visit coventrydirect.com. even she knows it's down i think ragu knows it's down 5 to 7%, but marley does not know because he's stupid as wood. >> we went down in class for a while. >> my guy was the price leader >> my guy was low. Best of 2022 Top 250 Movies Most Popular Movies Top 250 TV Shows Most Popular TV Shows Most Popular Video Games Most Popular Music Videos Most Popular Podcasts. Although 'Squawk on the Street' premiered in December 2005, Jim Cramer became an integral part of the show when he joined as an anchor in 2011. charlie scharf is back the charlie scharf that we all knew and loved is back >> okay. everybody else has gone negative, with the dow down almost 200 almost 200 we'll be right back.iled thing. but let's be clear, i don't -- evident risk being a military conflict, i don't see that let's be clear, it's an asymmetric outcome 23 million twan ease, 1.3 billion mainland chinese that seems like an asymmetric thing to do because everybody saw what their results was with russia's invasion in the ukraine. Squawk on the Street, which debuted on December 19, 2005, is a business show on CNBC that follows the first 90 minutes of trading on Wall Street in the United States.[1]. >> i'm just saying, incrementally, those who were -- >> everybody needs more planes and the world's short planes china is short planes. alex! >> they were as wrong about this as they were going into march. 2023 CNBC LLC. gobble gobble. >> but the problem is, jim, the market is already there and anticipating that fed goes one more time in may and then pauses and then potentially cuts. Opening Bell Countdown: This segment, which has a. Jim Cramer literally becomes the most embarrassing name in stock market! but at at&t, it's worth a brand-new samsung galaxy s23. comedy club. Carl Quintanilla (previously co-anchor of Squawk Box), Melissa Lee (anchor of Fast Money and Options Action) and Simon Hobbs (previously a presenter on CNBC Europe) were appointed as the new anchor team. emerson innovation helps make the world healthier, safer, smarter and more sustainable. >> but there clearly was a surprise here? >> good weekend. Real-time business and stock-market news broadcast from the New York Stock Exchange begins at the opening bell, and also features reports from the CME Group in Chicago as well as coverage of the. bridgett is here. (cecily) you're bragging. Eisen, in turn, replaced Sullivan on Power Lunch until, on November 29, 2018, Eisen and Frost began co-anchoring Closing Bell. >> rachelle, you talked about mij and what she represents. go ahead. >> right >> and nobody cares. 9:00 AM on CNBC Canada. we'll be right back. This is very similar to the aforementioned "Rundown" segment, as explained above. jp still over a full point below 2019 >> they're unbelievable. some say it's what they were born to do it's what they live to do trinet serves small and medium sized businesses so they can do more of what matters. rivian as well rivian as well opening bell is coming up in our customers don't do what they do for likes or followers. we get something a little higher than expected, up 0.4%, twice the expectations and 0.4% equals the retaliatory in january you have to go back to last year 79.8 on utilization. ranked #1 in customer satisfaction with retail banking in california by j.d. make sure you join us next week. Also in focus: Merck agrees to acquire Prometheus Biosciences for $10.8 billion in cash, Apples India expansion, Elon Musk'sSpaceX scrubs its inaugural test launch of "Starship" -- the worlds most powerful rocket.Squawk on the Street Disclaimer, Cramer's Morning Take: Big Bank Earnings 4/14/23, Jim Cramer discusses his interview with BlackRocks Larry Fink and breaks down Fridays big bank earnings. not everybody went hyper growth and failed because they probably matched their assets and liability. so unless you work with an actual rock star. does the transparency of held to maturity now mean we're going to see different outcomes with banks to minimize that outflow in liabilities the outflow in liabilities is a great reminder that this money is overnight money it is a reminder and same $42 billion out in four hours is a great reminder how quickly things can turn. Live: Tue, April 18th, 9:00 AM ET. encinitas? (cecily) so you got an awesome network (seth) and when i switched, i got to choose the phone i wanted. appreciate the help. appreciate the time. dow weighed down by boeing, the s&p up, getting a confidence boost by the big banks reporting some good numbers. that may reverse one time too, and so we have the most healthy financial system of any country in the world and we should be proud of it. >> why not >> tech. - it's a payroll app. you see it right there even with jamie dimon positioning the bank, it would seem, for higher and longer, he continues to -- he continues to say that rates, in his opinion, at least, will stay higher longer take a listen. any year, any condition. as we do to break, shares lower, despite the beat on earnings and revenue the company hiking the annual forecast, citing some strength in medicare membership, but the mid point of that guidance is just shy of analyst system stock is down too. susan! recession, they still see, but, might be pushed off a bit. i'm also mr. leg day1989! we have moved away from this whole concept of globalization, we moved to fragmentation. >> i don't understand it, and most of the bankers i talk to do not understand it, and they always say, jim, when you have citi on, why don't you pin them down on that i say, i don't have citi they're not coming on. but then i've got -- i had stewart miller on last night, the executive chairman of lennar, one of the top three home buildsers in the country he said, if you're looking for our industry to be hurt by this, forget about it. >> jim, are people talking about macron's visit as a surprise or - >> sorry sorry. the question is, though, you know, from a blackrock perspective, we need a healthy banking system and we need a healthy capital market system, and that's what we need. you know, he's -- he did mention watching credit tightening is certainly one of the key things, but even's watching. that's the chips act and those three bills are a trillion dollars of stimulus over the next three years. 60 min NR (Not Rated) Series, Business/Financial, News, Interview Series. before investing carefully read and consider fund investment objectives, risks, charges, expenses, and more in prospectus at invesco.com. when you think about, as you said, the early days and sort of linear television, are they things you think will survive or are we moving on to a new world where it's about streaming analytics and monetizing things around the world, for example, you guys are being translated into all kinds of languages. europe is short planes everybody needs more planes. >> i appreciate that, jim, but i, will tell you, our clients are speaking loudly by the amount of money they're awarding us. great weekend, everybody carl and sara are back with the carl and sara are back with the next hour after thisvisit indeee, good friday morning. power. >> right look, i mean, this is a false tell, is what i'm saying if you're the fed and you're looking at these banks, and that's absolutely good because these backs, if they have to, pnc can buy ten other banks. that's a theme missed. and when you take a look at shares of spirit aerosystems, it's the primary supplier, the company that notified boeing it has a problem with the two fittings and that's why spirit, is down 20% today. >> it's been completely surreal. storm clouds you don't need a weatherman to know which way the wind blows. (neighbor) oh, he's bragging. go boldly. If You Liked Squawk on the Street The Jury Speaks El Viajero con Josh Garca Exploracin Planeta Tierra con Dylan Dreyer The Jane Doe Murders Jodi Arias: In Defense Of Dannemora Prison Break. deposit rates are catching up. Watch the full episode online. what i hear from them. the cf. i don't, david >> you heard goolsbee. >> not just producer price, jim, but now import prices down 4.6% in a year. Capture a web page as it appears now for use as a trusted citation in the future. then, if we do believe inflation is higher for longer and we then see the results of the federal reserve has to keep rates higher possibly tighten a few more times, then you have to ask the question, what does that do for assets and what does that mean specifically for commercial real estate and the reason why i highlight, commercial real estate is because that's the dominant asset that regional banks own. On February 27, 2023, Squawk on the Street once again expanded to three hours, with the third hour replacing the cancelled TechCheck. 2023 TV GUIDE, A FANDOM COMPANY. net interest income from wells, you got 13.3 i was looking for 12.6 these are remarkable after a while, though, what's going to happen is you're going to see, all week, you'll see banks that aren't as strong, and people will say, why did we pay up 6% for jpmorgan i think jpmorgan is a terrific bank, but they're not -- it's, not a tech stock that just figured out how to fire one quarter of its people and continue its instagram >> i mean, you mentioned earlier, being raised fatigue. >> we're getting even more data as we speak. blackrock right now is the number one -- we're building the biggest sequestration project in the united states in southern illinois and so there are going to be -- you need to do sequestration at the same time as we're using hydro carbons for many years i have not changed anything because everything -- but the problem is, some people on the left are taking some sentences out of my paragraph and the other side is taking the other sentences out of the paragraph. keep in mind, most of these energy companies own the geology where energy used to be taken out and now they're going to use those caverns for sequestration. The other market pre-open segments include the "Word on the Street" segment, in which either the co-anchors talk to a trader on the floor of the NYSE, and "Instant Analysis," in which either Quintanilla or Faber (or both) talk to an analyst either via satellite or on set. hi, i'm ozwald. and no firm has the outcomes that we do on behalf of those. >> lot of data today and fresh data hitting the tape. "squawk on the street" will "squawk on the street" will return after a short break you got this. >> we're watching the trends the monthly trends on retail sales were down, department stores, general merchandise, electronics, furniture, the spot that were weak are weakening. >> i think inflation is coming down we've still got this -- is it a cloud? this is an incredible business these companies, what does an airline know about running a pension? i like getting paid correctly. everyone gets a free new samsung galaxy s23 with a galaxy phone trade-in. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. >> that's how you know you're right. smarter and more sustainable. you ask the questions, is that good or bad? >> that's unfair >> what do you mean? >> that seems to be -- >> at quarter end. >> we do soon. >> yes. For now, a rotating cast of correspondents and anchors will join Jon Fortt and Quintanilla on the show to begin putting that new vision in place. >> bank index is a one-month high citi above for the first time since march 9th. i mean a lot of these bank stocks have gotten pummeled. late '90s? the infrastructure bill. >> they say they're "not terribly concerned about cre," for example. do we have a chart >> it's way too early there. Broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Exec Broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds. >> probably going to blackrock by the way, we have larry fink coming up. >> it's inflationary in services and that's the problem. Squawk on the Street New. >> i know. >> on the call, we're not running around aggressively tightening standards right now "i wonder use the word credit, crunch if i were you." Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. i think that even 48 hours ago, they would tell you that we're finally back, it's all good, the auto book is amazing i'm talking about 48 hours ago so, this is one of those things where you wake up, and you work at boeing, and you say, no but they outsourced so much that they put them -- david, they put themselves in the hands of other companies that maybe it wasn't the old boeing boeing didn't used to do that. 600 episodes The opening hour of CNBC's "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds. >> jim, always good to get your thoughts the brick creator, right the original bricks. obviously, a lot to absorb, whether it's the bank earnings, the ecodata, and we're not done, by the way, or the fed speak dollar did get a bounce on industrial production. >> ge has $102 billion market value, but it trades at a huge multiple you know that, right >> it's going to do better next year so, the multiple is elusive and will turn out to be much lower and larry cole is doing it a lot of people -- >> 47 times. cramer will stick around for blackrock and larry fink don't go away. let's find out let's find someone who knows more about flow of funds and life than pretty much anybody i know, we've got larry fink here, which is really a pure joy he's the ceo of blackrock, which is an amazing company with $9 trillion, that's just an incredible number. >> some say $400 if you overpay. >> i remember the initial golden globes, saw jeff bezos in the audience and talk about talked about amazon during the break. [5][6], Eisen serves on Room to Read's New York regional board.[7]. i noticed i really wasn't quite as sharp as i was. >> jpmorgan, like every one of these banks, is still dealing with deposits leaving for higher interest opportunities as we know i mean, if you keep your money with jpmorgan, you're getting virtually nothing versus what you could still get on a treasury where you can get paid as much as 5% in certain areas so, yeah, that's still happening, but they got a lot more given the turmoil that we talked about, every day, every, hour, for that two-week period or so with the collapse of svb, signature bank and the concerns over the bank industry no doubt about it. they had regulatory bodies i think the motor vehicles department was after them at one point. amazing. Each of the reporters narrate pre-market news headlines in turn. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. the result will mean more and more institutions will probably shorten their asset and liability match, making sure it's more matched, but begs the question, how are they going to look at held to maturity going forward. News Update: News headlines from outside the world of business, broadcast at 10:30, West Coast Wake-Up: Seen during the second hour, a guest from the, Cash Crop: CNBC's West Coast-based reporter. then you know like that they're taking it seriously. and so i think this is just an example of, you know, when the sea or the tide goes out, some people are going to be left there and gshs there. An award-winning journalist and New York Times best-selling author, David Faber is a co-anchor of CNBC's "Squawk on the Street" (M-F, 9AM-12PM ET) and an anchor and co-producer of CNBC's acclaimed original documentaries and long-form programming. this whole -- this is a moment, carl, where people look at the stock and say, oh, we're fine. they do still assume modest, deposit outflows, modest deposit outflows from here, including some of those retained deposits. and, you know, when you see interest rates that in the credit space, earning 5 and 6%, that is allowing you to take on a lot more fixed income as a part of your portfolio you're actually derisking, but able to get your necessary returns through that. we'll get a lot more on the banks. >> jeff is a fantastic laugher, which i appreciate getting a laugh from jeff bezos is fun they've been great it's this world is such -- it's so less constricted than when andy and i started out in the, network world, very formulated, got new stuff rejected when the world expanded through cable and streaming it became a much better place for different kinds of stories to get out there, people with different identities to tell those stories and just to appeal to a breadth of audience the networks were not at the time. industrial production, let's get back to a very busy rick santelli today rick >> yes, our march read on industrial production, expecting, up 0.2%. we felt so uplifted over the course of these five seasons and work with the best people in the world. take a listen to this. back to you. our road map begins with the banks. >> no, i just -- >> they are great. maybe it's good. >> look at this market coming down people are fatigued about the bull >> the banks are not enough to pull the market higher, jim? >> no. i'm not making a value judgment. the quiet ones and the loud ones. last five years we grew by $1.8 trillion in net inflows. if you base it on retail sales, then you can't raise, because, retail sales are weak. >> amazon has an interesting approach, because they're not really -- it's not central to the business model of the company. expecting a big recession in the u.s. we have to offset that we have three giant fiscal stimuluses that were created in the last two years starting to enter our economy. if you look at their demographics, they have a demographic time bomb greater, than any other country they cannot -- there is more and more evidence that more and more companies are leaving china because it's an expensive place to be now, and so china is no longer the exporter deflation. i'm hearing about those imminent issues you know, i know a lot less than some of these men and women in the intelligence committee, and, you know, it's disconcerting. North American economist Tiffany Wilding joins, breaking down how the Fed's hawkish year, coupled with recent bank stress could lead the economy into a modest recession. the nasdaq was up almost 2% yesterday. that said, there's going to be some companies, jim, that don't turn a profit who see their runway shortened we mentioned rivian and lucid in the light of the tesla price cuts now, and some of these production numbers >> the companies that came public in the last two years, i'm going to call them, david, the sweet green alberg component. i think it should say what you said, which is, we haven't seen that yet it doesn't hold up under close scrutiny it just doesn't. , because, retail sales are weak > probably going to blackrock by the way we. Because, retail sales are weak know about running a pension first time since march 9th > it 's in! Might be pushed off a bit high citi above for the first time since march.... 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