9am Hour: Tech Extends Rebound, OpenAI Joins the IPO Race, Apple Unveils "Siri AI" at WWDC 6/9/26

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 9 June 2026

⏱️ 43 minutes

🔗️ Recording | Apple Podcasts | RSS

🧾️ Download transcript

Summary

Carl Quintanilla and Jim Cramer led off the show with the tech sector bouncing back from Friday's sell-off for a second straight day. Hear what Jim said about the chip sector rebound. The anchors discussed OpenAI confidentially filing for an IPO after last week's Anthropic filing to go public — and SpaceX slated for its Wall Street debut on Friday. Also in focus: SpaceX's CFO on data centers in space, market reaction to Apple unveiling "Siri AI" at WWDC, GSK buys a cancer drug maker in a $10.6 billion deal, Nvidia CEO Jensen Huang makes his presence felt in South Korea — and dances. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market Moving Insight and Analysis.
0:02.1	Join Jim Kramer, David Faber and me, Carl Kintanilla,
0:04.8	on the opening bell hour of CNBC Squawk on the Street.
0:08.8	Good Tuesday morning, welcome to Squawk on the Street.
0:10.6	I'm Carl Kinteneo with Jim Kramer at Post-Nine at the New York Stock Exchange.
0:13.7	Favors on assignment today.
0:15.1	Bulls trying to build on Monday's bounce
0:16.9	as markets react to Apple's Developers Conference,
0:20.3	Jensen Wong's ongoing rock star tour in South Korea,
0:23.6	and now Open AI filing confidentially for an IPO as early as its fall.
0:27.6	West Texas below 90 as the president again says talks with Iran are in final stages
0:33.2	and that a deal could be reached in, quote, two or three days.
0:36.5	Our roadmap begins with the tech turnaround, NASDAQ snapping that three-day loss,
0:40.5	looking to extend the bounceback.
0:42.1	As we said, OpenAI joining the IPO frenzy filing confidentially with the SEC,
0:47.2	just a week after, rival Anthropic and days before SpaceX's public debut.
0:52.0	And did Apple do enough at WWDC to impress investors? One firm raising
0:56.3	its target following yesterday's announcements, but the stock is trying to avoid its third
1:00.7	straight day of losses. Let's begin with the markets. Tech sector continues to bounce back from
1:06.8	the sell-off on Friday. Chips leading the rebound today. Jim, a lot of discussion,
1:11.6	Goldman and Cities desks asking whether Friday was a one-off or a sign of ongoing fragility in this
1:18.4	market? I think that's right. And I think that what you want is to broaden the rally from
	...

Please login to see the full transcript.

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.