11AM Hour: Squawk on the Street 6/25/26

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 25 June 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The third 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

Transcript

Click on a timestamp to play from that location

0:00.0	Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kingtonia with Leslie Picker here at Post 9 of the New York Stock Exchange.
0:12.0	Sarah Eisen has the morning off. Today this memory and supply crunch definitely hitting shares of Apple sharply lower as they now hikes some prices and hint of more to come while shares of
0:22.3	micron rally after a blowout quarter and says supply will remain constrained through next year.
0:27.1	And oil prices hovering near pre-war levels as more tankers transit the straight of Hormuz.
0:32.3	Chevron responding to President Trump's gas price gouging inquiry telling CNBC that prices will normalize, but, quote,
0:39.1	it's going to take time.
0:40.8	Open AI in Anthropic racing to go public, but could signs of a fading premium in AI pricing be driving
0:47.1	those moves? We will try to explain. Meantime, really fascinating session today.
0:51.5	Had a nice open on the NAS, then dropped a percent plus, now trying to get
0:55.5	some back. Thank you to Caterpillar and Goldman, though, with the Dow with an all-time high at 52,
1:01.4	almost a 52-5. Let's get to Apple, though, moving lower as the company announces price hikes for some
1:07.2	products, McKenzie Segalos has the latest. Mac. So, Leslie, that June slide is getting worse this morning because investors are reading
1:14.7	today's Mac and iPad price hikes as the start of a much broader repricing across Apple's
1:20.2	product lineup and not a one-off. Apple had been one of the longest holdouts on memory-related
1:25.2	cost increases, helped by long-term deals, existing
1:28.5	inventory, and the kind of supply chain leverage that CEO Tim Cook is known for. But AI data
1:34.2	centers are now soaking up so much memory and storage that prices have four-exed in the last
1:39.1	three quarters. Apple now saying it can't shield customers any longer, especially not if it
1:43.9	wants to keep its margins near 50%.
1:46.4	Now, the leverage, it has also shifted.
1:48.9	Apple's go-to memory suppliers now have massive demand from hyperscalor customers, weakening Apple's hand.
1:55.1	And that's part of why the company has been exploring alternatives, including Chinese memory makers.
	...

Transcript will be available on the free plan in 4 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.