Dow Hits Record High Despite Apple Pullback, Bracing for the Fed, Oracle's Ellison "Begged" Nvidia 9/16/24
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Carl Quintanilla, Jim Cramer and David Faber focused on a big week ahead for the markets, as Wall Street debates how deep the Fed could cut rates on Wednesday. Apple shares under pressure after a well-followed analyst said overall pre-orders for the iPhone 16 lineup indicate weaker than expected demand. That news did not prevent the Dow from hitting an new all-time high. The anchors also explored the AI trade after last week's surge -- and reacted to Oracle Chairman Larry Ellison's comment about "begging" Nvidia CEO Jensen Huang for AI chips. Also in focus: Jim's "dream" week in San Francisco, DirecTV-Disney agreement ends a blackout, Boeing strike Day 4, a second apparent assassination attempt on former President Trump. Squawk on the Street Disclaimer
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Published 11/07/24
Published 11/07/24
Carl Quintanilla, Sara Eisen, and David Faber – alongside Jim Cramer at the top of the hour – broke down the latest for stocks ahead of another Fed decision on rates. The CEOs of Arm and Zillow joined the team to exclusively talk results and their outlook for 2025. Also in focus: recession odds...
Published 11/07/24