9AM Hour: Amazon Plans $25B Bond Sale, Chips Slide Despite Samsung's Blowout Quarter, Bullish Calls on SpaceX 7/7/26

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 7 July 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber covered a busy hour on the tech front: David reports Amazon plans to raise $25 billion in a bond sale according to sources; Chip stocks under pressure despite Samsung's record quarterly results; Several Wall Street analysts initiate coverage of SpaceX with "Buy" or "Overweight" ratings — as the stock makes its debut on the Nasdaq 100. Also in focus: A fresh record high for the Dow, oil prices rise on reports tankers were attacked in the Strait of Hormuz, President Trump in Turkey at the NATO summit, Walmart announces price cuts on thousands of items, Cramer on the consumer names he says are worth buying now, Nvidia and Apple battle for title of most valuable company. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here. You're listening to the opening bell of CNBC's Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:07.7	Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanio with Jim Kramer,
0:11.0	David Faber, post-9 of the New York Stock Exchange. Pre-market weighed down a little bit by some
0:15.4	tech weakness and some follow-through from South Korea's near 5% drop overnight, despite
0:20.7	Samsung's monster corner.
0:22.6	SpaceX enters the NDX, gets a bunch of new coverage today.
0:26.2	Oil's a little higher.
0:27.3	The IRGC does fire on two commercial tankers in the Strait of Hormuz, and crossings there
0:32.7	drop to about a one-month low.
0:35.1	Our roadmap begins with Samsung, though, spooking the tech sector, posting
0:38.2	record figures for the quarter, still not enough to meet some lofty AI projections.
0:42.8	Plus Amazon is raising at least $25 billion from the sale of bonds, that of course to help
0:49.2	boost all that spending it's doing for its AI buildout. And we're getting the streets take
0:53.8	on SpaceX, multiple
0:54.8	firms, initiating coverage on the company. It is set to begin its first day of trading,
0:59.8	that is, the stock on the NDX. That'll lead us with tech today. Semis are taking a bit of a hit
1:05.9	despite Samsung's quarter. But David is following this Amazon bond deal today. A. Tronches? Yeah,
1:12.1	atonches, $25 billion. You know, I think what's interesting about this, and we talk about it all
1:16.7	the time. In fact, yesterday we had this conversation, Jim, about will you ever run out of
1:20.1	capital to fund this AI buildout? The answer so far is no. And I think our viewers may be
1:27.1	tired of me talking about how stunned I am when I just continually hear these numbers.
	...

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