Show Notes
Why Cramer is buying this ‘out-of-favor’ consumer staples stock. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake
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Stocks come under pressure as renewed Middle East tensions push oil higher and concerns over AI spending weigh on tech. On today’s Squawk on the Street, we break down earnings from Meta and Tesla, including Meta’s new share structure, speculation around a potential Tesla-SpaceX merger, and the latest on AI capital spending. Plus, IBM CEO Arvind Krishna explains why he believes the company’s business remains resilient despite growing concerns about demand destruction.
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Kroger CEO Greg Foran joins to discuss inflation, the consumer and their new $5 billion investment plan announced at their investor day yesterday. Then, NHL Commissioner Gary Bettman speaks about the future of the league's TV rights, the impact of sports betting and much more. Plus, we speak to Oppenheimer analyst Timothy Horan about SpaceX's earnings, which have the stock surging today. Squawk on the Street Disclaimer
Is a merger between SpaceX and Tesla inevitable? Early investor in both companies, Peter Diamandis, weighs in on a potential timeline and the market opportunity ahead for SpaceX, as the tock jumps after earnings. Then Netflix’s former head of content acquisition on how the company can win back viewers following a disappointing quarterly report. And the CEO of Philip Morris, owner of brands like Marlboro and Zyn, his first reaction to earnings as the stock slips despite a beat. Squawk on the Street Disclaimer