9AM Hour: S&P Aims For An 8-Week Win Streak, The Fed's Warsh Era, AMD Jumps 5/22/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 22 May 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla, Leslie Picker and Michael Santoli discussed market momentum: The Dow hitting a fresh record high, the S&P 500 on track for an 8-week win streak for the first time since 2023. Which names are riding the rally — and which ones are missing out? AMD shares rose after CEO Lisa Su announced the company's plans to ramp up chip production in Taiwan. The anchors explored a new era at the Fed ahead of Kevin Warsh being sworn in as head of the central bank. SpaceX IPO watch: Two banks set to benefit from the massive offering — while Elon Musk marches toward trillionaire status. Also in focus: Workday jumps, Take-Two slumps, gasoline prices at 4-year highs heading into the holiday weekend. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	It's Jim Kramer here. You're listening to the opening bell of CNBC Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:13.4	Good Friday morning. Welcome to Squawk on the Street. I'm Carl Cantonio with Leslie Picker,
0:17.0	Mike Santoli, here post-9 of the New York Stock Exchange. Kramer in favor have the morning off. Heading into the Memorial Day weekend with futures finishing strong, Dow record high,
0:25.3	S&P looking for an eighth consecutive weekly gain. Got some relief in yields, 10-year four and a half.
0:32.0	Kevin Warsh sworn in his Fed Chief today. Oil is lower on the week, rent back to 103. We do have
0:37.3	hopes for more progress
0:38.5	regarding breaking the deadlock with Iran. Our roadmap begins with a new era at the Fed. Kevin
0:43.5	War is set to be sworn in today as chair of the central bank. Also had uranium a sticking point
0:48.7	in the U.S. Iranian talks to end the war. And the AI trade, AMD, rising after Lisa
0:54.0	Sue, announced the company will ramp up
0:55.9	Taiwan chip reduction. We do remain on SpaceX IPO watch, including the banks, benefiting the most
1:02.7	from that massive offering. Let's begin, though, with the markets as the S&P aims for another
1:07.0	week of gains. Mike, there have been an interesting series of psychological adjustments
1:11.9	here on these headlines regarding Iran. They really have. So the eight-week win streak,
1:17.3	assuming we hold that today, I always think of them as quirks, but not flukes, right? Obviously,
1:22.7	a lot has to break right to have the weekly streak staying intact. But they're not flukes in the sense that usually it does mean there's a very strong, resilient, underlying trend that's being manifest.
1:33.1	They also tend not to end at some kind of an ultimate peak of the market.
1:37.2	Usually it's not like the final crescendo is this eight-week win streak.
1:41.3	Now, this week, there has been a little bit of nuance below the surface because most of this period of time, the market has been just completely rushing
1:48.7	urgently into the AI trade. It's been mega-cap tech that's really carried the S&P forward.
1:54.8	Now, this week, I think you see these kind of headlines that maybe we can, maybe we can't
	...

Transcript will be available on the free plan in 13 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.