9AM Hour: Comcast Soars on Split Decision, Stocks Rebound, SpaceX to Join Nasdaq 100 6/29/26

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 29 June 2026

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, David Faber and Sara Eisen led off the show with Comcast shares soaring: The company announced plans to split into two independent publicly traded companies, through a tax-free spin-off of NBCUniversal and Sky. The anchors also discussed stocks rebounding, as the Nasdaq and S&P 500 look to snap their respective five-day losing streaks. Also in focus: SpaceX to be added to the Nasdaq 100 next week, Rocket Lab buys Iridium Communications for $8 billion in cash and stock as it looks to take on SpaceX, Fed Chairman Kevin Warsh in the spotlight ahead of his appearance at this week's ECB forum, Alphabet officially enters the Dow, Michael Santoli's perspective on action in the Magnificent 7 stocks. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:22.9	Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kintan-Aa with Sarah Eisen, David Faber, Post-N-N-N-N-Oach of the New York Stock Exchange. Kramer has the morning off. Holiday shortened week as we start to wrap up the first half of the year. Pre-market has the Bulls trying to get a little back from a tough June and a near 5% drop in the NDX last week.
0:22.9	Oil's back to 70. as the Bulls trying to get a little back from a tough June and a near 5% drop in the NDX last week.
0:26.6	Oils back to 70, the U.S. strikes Iran over the weekend,
0:31.4	and the number of tankers crossing the straight daily drops back to 22.
0:34.9	Our roadmap begins with signs of a tech bounce back ahead of the open.
0:38.7	S-A-P is coming off the longest losing streak since last August.
0:41.7	Comcast share is seeing something they don't typically see.
0:51.0	That is a rally, the media company, announcing its plan to separate its media and cable businesses into two publicly traded companies.
0:56.9	And SpaceX to join the NASDAQ 100 next week. The exchange confirming plans to accelerate the timeline for the Elon Musk led company.
0:59.6	All right, let's start with that Comcast news this morning.
1:02.5	Former parent, of course, of CNBC, although now we are a part of Burson, which was the first
1:06.9	spinoff from Comcast and from NBC Universal.
1:10.3	But this is a deal that perhaps had been discussed for some time, thought about as a real possibility,
1:14.9	and has come to fruition in part because of the performance of Comcast stock.
1:20.0	The company announcing plans to split into two independent public and traded companies.
1:24.3	It will be a tax-free spend.
1:25.8	They will spin off NBC Universal.
1:28.2	We will also include the Sky Unit in the NBC Spin, of course, which also will include theme parks and Peacock and the
1:35.8	Bravo Network, not to mention NBC itself and the O&Os. Could have been any point along the way,
1:44.1	including when the Versan Spin was Versen Spend, the Versen Spinn was announced
1:47.3	that many said, well, why not just split the entire company?
	...

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