Amazon and Andy Jassy In Focus, $3T Apple, Cities of Success: Nashville 12/6/23

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 6 December 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

A wide-ranging show with Jim Cramer, David Faber and Carl Quintanilla: At Amazon headquarters, Cramer previewed his exclusive Wednesday night"Mad Money" interview with the company's CEO Andy Jassy. Jim and David discussed "Magnificent 7" stocks recently underperforming the S&P 500, while Apple returns to a $3 trillion valuation. In Nashville, Carl offered a sneak peek into the CNBC special "Cities of Success" which will premiere Wednesday night in primetime. Also in focus: Exxon Mobil and McDonald's offering game plans for growth, Starbucks' daily losing streak hits twelve, Taylor Swift named Time's Person of the Year for 2023. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here.
0:01.3	You're listening to the opening bell of CBC Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:07.5	Good Wednesday morning.
0:08.6	Welcome to Squawk on the Street.
0:09.8	I'm David Faber.
0:10.8	I am live from Post 9 at the New York Stock Exchange.
0:14.2	Jim Kramer, he's at Amazon's headquarters in Seattle.
0:17.7	There he is.
0:18.4	He's getting ready for his exclusive interview with the CEO of
0:21.8	Amazon, Andy Jassy. That'll be aired tonight on Matt Money. And Carl Kintanilla, you ask. Well,
0:28.2	he's in Nashville ahead of tonight's CNBC's special presentation of cities of success that
0:34.4	premieres in prime time. All right. So we're all here, just all over the country.
0:40.8	Let's give you a look at futures, though, as we get ready to start trading 30 minutes from now.
0:44.5	You can see we are set up for what will be a significantly higher open, perhaps, and of course,
0:49.2	we're keeping an eye on that 10-year yield, which did fall briefly below 416.
0:57.6	Our roadmap this morning does start with a break from the bonds. The late-year rally losing steam in recent days, despite what has been that continued relief,
1:03.4	as I said, from bond yields.
1:05.5	And mega-cap tech.
1:07.0	It has been underperforming the broader market.
1:09.4	It is a renewed, magnificent seven rally on tap in the last days of the year.
1:15.3	Wall Street's top brass also heading to Capitol Hill this morning.
	...

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