logo
episode-header-image
Aug 2024
42m 15s

JPM Raises Recession Odds, Lilly Blows P...

CNBC
About this episode

David Faber and Jim Cramer began the hour by breaking down another volatile day for the markets, with the major indices coming off their 4th negative session in 5. JPMorgan also raised their odds of a U.S. recession by year end to 35%. A big earnings mover today included Eli Lilly; shares of the stock surged after the company blew past estimates and hiked its outlook following strong sales from its weight-loss drug. Faber also wrapped up the quarterly results from Warner Bros. Discovery, after shares of the media company plunged following its $9.1 billion impairment charge on its tv networks.

 

Squawk on the Street Disclaimer

Up next
Yesterday
Cramer's Morning Take: Coterra Energy 7/9/25
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 C ... Show More
3m 43s
Yesterday
SOTS 2nd Hour: Nvidia Hits $4T, The Battle of the Kevins, Exclusive: Snap CEO 7/9/25
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. Jef ... Show More
42m 45s
Yesterday
Nvidia Makes History As the First $4 Trillion Market Cap Company 7/9/25
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, c ... Show More
42m 47s
Recommended Episodes
Mar 2025
Special Report: Global Market Selloff Easing with Mike Wilson and Mohamed El-Erian
Bloomberg's Nathan Hager breaks down the recent market volatility with Morgan Stanley's Mike Wilson and Bloomberg Opinion contributor Mohamed El-Erian.   Global stocks steadied from a selloff and US stock futures signaled a Wall Street bounce, as Bloomberg News reported President ... Show More
21 m
Apr 7
Musk Mulls Next Move as Stocks Swing Again
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Tesla Inc.’s stock extended losses Monday, dropping below a price at which Commerce Secretary Howard Lutnick predicted they’d never fall to again.The shares plunged as much as 9.2% to $217.41 as of 9:41 a.m. in ... Show More
29m 48s
Aug 2024
Stocks rise as US recession fears abate
Global equities surged, driven by US stocks, as strong retail numbers and encouraging jobless claims alleviated recession fears. US Treasury yields and the dollar also climbed. Meanwhile, gold rose on Middle East tensions and expectations of interest rate cuts. Retail giants Walm ... Show More
16m 33s
Apr 2024
Equities buoyed by strong corporate and economic data
While the earnings season remains in focus, yesterday’s release of PMI data from around the globe helped to assess the economic environment. Equity markets across the board posted positive gains as investors bought into the dip in tech stocks and a strong batch of corporate earni ... Show More
11m 58s
Oct 2024
IMF hikes U.S. FY outlook
The IMF hikes its U.S. forecast for 2024 but Germany weighs on the European outlook. The IMF’s Director of the Monetary and Capital Markets department, Tobias Adrian tells CNBC there are reasons for optimism. The S&P 500 suffers its first back-to-back session loss since September ... Show More
22m 16s
Apr 2022
U.S. Stocks Rally on Strong Start to Earnings Season
The major U.S. equity indexes were all up more than 1% late in Monday’s regular trading session, with the tech-heavy Nasdaq Composite leading the way with a 1.85% gain. Stocks today seem to reflect a strong start to earnings reporting season. According to Bloomberg, 38 of the 48 ... Show More
39m 8s
May 22
Stocks Get Hit as Weak Treasury Sale Boosts Yields
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Wall Street’s worries about a ballooning deficit that threatens America’s status as a safe haven were reflected in a $16 billion Treasury sale that saw lackluster demand - with stocks, bonds and the dollar fall ... Show More
47m 12s
Mar 2025
JPMorgan Sees Credit Risks Rising as Trade War Bites
Fundamental and technical pressures on credit markets are growing as trade wars escalate, according to JPMorgan Asset Management. “We just need to be paid a little bit more for the uncertainty risk now in the market,” says Lisa Coleman, the firm’s head of global investment-grade ... Show More
44m 17s
Mar 2024
Are penny stocks getting the memestock treatment?
Penny stocks are having a moment. In recent months, little-known companies with names such as Bit Brother and Phunware have been among the most traded stocks in America’s public markets, surpassing companies like Tesla and popular exchange traded funds. The FT’s US markets editor ... Show More
17m 7s
May 27
Stocks Climb on Economic and Trade Optimism
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Wall Street kicked off the week with a rally in stocks as consumer confidence rebounded sharply while the US and the European Union sped up trade talks. A global surge in bonds also helped sentiment.As equities ... Show More
39m 22s