Alphabet and Apple Shares Surge on Google Antitrust Case Ruling 9/3/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 3 September 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla and Jim Cramer engaged a wide-ranging discussion about market reaction to the Google antitrust case: Shares of Alphabet surged after a federal judge ruled that Google does not have to divest its Chrome browser or Android operating system. Apple shares also jumped sharply after the judge said Google can continue to make payments to the iPhone maker for default browser placement. Also in focus: The global bond sell-off, Cook vs. Trump and what Fed Governor Waller told CNBC about Fed independence, Macy's shares soar as part of Wednesday's earnings parade, Ford monthly auto sales rise, gold's record run, Salesforce earnings preview. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market Moving Insight and Analysis.
0:02.0	Join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.
0:12.0	Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer at Post 9 of the New York Stock Exchange.
0:19.0	David Faber has the morning off. After that rough start to September, stock's going to get supported today by MegaCapt Tech
0:24.3	as Alphabet's up 7% on that antitrust decision.
0:27.7	Waller's on the tape, 10-year 428.
0:30.5	Our roadmap begins with Alphabet, shares rallying in some early trade after Google avoids a breakup
0:35.1	in that antitrust case.
0:36.8	Apple also getting a pop. The Treasury
0:39.0	Secretary reportedly set to begin interviewing candidates for the next Fed share as soon as this
0:44.1	week and lots of retail and consumer-related earnings out today. Macy shares up sharply right now.
0:51.9	Let's begin, though, with Alphabet up sharply in the pre-market. A federal judge
0:55.4	ruled that Google does not have to sell Chrome or its Android operating system. He also says
1:00.7	the company's barred from making exclusive deals, but can continue making payments to Apple and
1:05.9	others for default browser placement. Judge adds Google must share data with rivals to remedy the company's
1:11.6	online search monopoly. And Jim, a lot of takes this morning on what this means after being
1:18.1	found guilty of monopolistic behavior. Well, look, I have to appreciate the judge. He does a very,
1:24.2	very good job, but the key pages are 36, 37, 38, which he says, okay, I made my decision, and then suddenly there's anthropic, deep seek, meta, Microsoft, OpenAI, and perplexity.
1:41.3	And they didn't really exist when this thing, oh, well, X-A-I.
1:44.6	But it didn't really exist.
1:46.8	And suddenly, like, it was overrun by events.
1:49.2	Now, that is a judge who,
	...

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.