"Apple Effect" on Intel, Pres. Trump and TikTok, Starbucks Turnaround Plan 9/25/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 25 September 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla, Jim Cramer and David Faber led off the show with Intel, one day after the stock jumped 6%. The company has reportedly approached Apple about investing in the troubled chipmaker. President Trump is expected to sign a deal Thursday that would facilitate the sale of TikTok's U.S. operations. Starbucks ramps up its turnaround strategy, disclosing it would cut up to 900 corporate jobs and close a number of locations. Also in focus: Stocks extend losses on tech weakness, Q2 GDP jumps to 3.8%, existing home sales edged lower in August, KB Home's earnings beat, China's BYD outsells Tesla again in the EU, CoreWeave expands OpenAI pact, CarMax tumbles. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:12.9	Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintanayu, with Jim Kramer,
0:16.4	David Faber at Post 9 of the New York Stock Exchange. Coming off the first back-to-back losses for
0:20.6	the Dow's since September 3rd and futures
0:22.8	week as the eco-data does come in stronger.
0:25.4	Jobless claims lowest since July, two-year yield near a one-month high, dollar indexed,
0:30.3	near a three-week high.
0:31.9	Our roadmap begins with some fresh news, fresh off raising billions from Nvidia, SoftBank,
0:36.6	and even the US government reports that Intel is now looking for more investment from Apple.
0:41.9	Plus, President Trump is expected to sign an executive order involving the new ownership of TikTok.
0:48.5	We'll be monitoring that.
0:49.6	And a big shakeup at Starbucks, store closuresures and job cuts as well, part of the turnaround
0:56.0	plan that is currently being executed.
0:59.0	Let's begin with Intel extending yesterday 6% gain sparked by these published reports, which
1:03.4	say the company has approached Apple about investing in the chip maker, part of efforts to boost
1:07.7	a business now partially owned by the U.S. government. Report ads that both
1:11.6	companies have discussed how to work together more closely. Talks are in the early stage may not
1:16.9	lead to an agreement, Jim, but the reporting suggests exploring new ways to cooperate.
1:21.6	Well, it could be. I don't think either company really has. It's like neither here or there.
1:26.5	It just reported, I know that Intel's looking for fundraise it wherever they can.
1:32.1	That's a Libutan.
	...

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.