Amazon and Jassy, Apollo Global at Milken, GameStop's $56B Bid for eBay 5/4/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 4 May 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

A coast-to-coast edition of "Squawk on the Street": Carl Quintanilla at the NYSE, Jim Cramer in Seattle ahead of his "Mad Money" interview with Amazon CEO Andy Jassy, and David Faber at the Milken Institute Global Conference in Beverly Hills -- where he interviewed Apollo Global Management President Jim Zelter about the state of private credit. The anchors discussed the record run for stocks, as well as a volatile Monday session for oil prices on conflicting reports related to the Iran war. Shares of eBay jumped after GameStop offered to buy the company for $56 billion in cash and stock. Also in focus: Amazon's supply chain services launch weighs on shares of FedEx and UPS, Spirit Airlines' demise, Warren Buffett on investors' "gambling mood." Squawk on the Street Disclaimer

Transcript

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0:00.0	Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:05.7	Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kingtonia at Post 9 of the New York Stock Exchange.
0:10.3	Kramer's in Seattle today, where he'll have an exclusive with Amazon's Andy Jassy tonight on Matt Money.
0:16.2	Fabers at Milken in Beverly Hills, and he'll talk with top executives from Apollo Global, Blackstone,
0:22.3	Ares, Morgan Stanley, and a lot more.
0:24.8	Meantime, Future is pretty volatile this morning on these various reports of traffic disruption
0:28.9	in the Strait of Hormuz today.
0:30.7	Brent is back to 110, retail gas, 446 a gallon.
0:35.1	Diesel actually starts to set some fresh record highs in some states.
0:39.7	Let's begin with the market's record run, though. S&P is coming off the best month since
0:43.3	2020. B of A today says the strength of the earnings cycle is outweighing these geopolitical
0:48.5	tensions when it comes to market performance. Jim Goldman saying the percentage of companies
0:53.4	that are missing on earnings,
0:56.0	5% lowest in 25 years.
1:00.0	Yeah, I read that piece.
1:01.1	It's pretty interesting.
1:02.3	Big gain, double-digit gains for companies.
1:04.5	I think that something happened this morning that I think is really apropos of what you
1:07.8	were just discussing.
1:09.1	Before this story that came out of Iran,
1:12.1	that there were two warships that were fired on by satellites of ours, the market was really
1:17.2	flying. And the ones are really flying. Once again, the memory shortage, some of the Mag 7 companies
	...

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