9AM Hour: Salesforce Falls, Snowflake Soars, Fertitta Buys Caesars in $5.7B All-Cash Deal 5/28/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 28 May 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla, Jim Cramer and David Faber drilled down on tech and the AI trade: Salesforce shares fell in reaction to the company's mixed Q1 results and lighter-than-expected revenue guidance for the current quarter. Shares of Snowflake soared on news of its Q1 beat, raised outlook and a $6 billion commitment to its multiyear partnership with Amazon's AWS. On the M&A front: Fertitta Entertainment agrees to buy Caesars Entertainment in an all-cash deal valued at $5.7 billion. Also in focus: Crude oil prices rise amid faltering hopes for a U.S.-Iran deal, Marvell extends its rally, Dell wins Pentagon contract, retailers surging on earnings, Meta launches subscriptions, Cramer's take on investing in Microsoft, economic data deluge. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	It's Jim Kramer here.
0:01.3	You're listening to the opening bell of CNBC Squawk on the Street.
0:04.6	Don't miss a minute of the action.
0:13.1	Good Thursday morning.
0:14.2	Welcome to Squawk on the Street.
0:15.2	I'm Carl Kintania with Jim Kramer, David Faber,
0:17.2	post-9 of the New York Stock Exchange,
0:19.0	features trying to erase some early losses on some solid earnings out of specialty retail and some tech.
0:24.8	Dell and Marvell up 5% plus.
0:26.9	April PCE comes in warm, up 3-8, that's a three-year high.
0:30.7	Oils a headwind, too, on these faltering hopes for an Iranian deal as the U.S. issue some strikes on Iranian drones and a missile aimed at Kuwait.
0:39.5	Our roadmap, though, begins with sales force sliding despite posting a beat, adding to its yearly
0:44.1	losses down more than 30 percent this year.
0:46.7	On the flip side, we've got shares a snowflake up more than 30 percent this post earnings.
0:52.6	The company also strengthening its relationship with Amazon Web Services.
0:56.3	We'll give you all the details around that quarter and that move.
0:59.5	We've also got to takeover of Caesars for Tita Entertainment's acquiring the company.
1:05.4	On the equity side, deals worth about $5.7 billion, and it is all cash for our current ambassador to Italy.
1:13.8	Busy guy.
1:14.6	Yeah.
1:15.5	Let's get things started, though, with Salesforce.
1:17.3	Some mixed results of light sales guidance.
	...

Transcript will be available on the free plan in 18 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.