Apple's iPhone 17 Boost, Busy Earnings Week, Rare Earth Stocks Rally 10/20/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 20 October 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

After the best week for stocks since August, Carl Quintanilla, Jim Cramer and David Faber discussed shares of Apple rising on news about stronger demand for the iPhone 17. The anchors also explored what to expect from the markets this week, with a slew of earnings and CPI inflation data on tap. Hear Cramer's take on where you should take profits now. Rare earth stocks extend their red-hot rally amid the U.S.-China standoff regarding Beijing's export curbs. Also in focus: Nvidia CEO Jensen Huang's take on China and chip curbs, Cleveland-Cliffs soars, a $5,000 call on gold, the Amazon Web Services outage, a note from Morgan Stanley's Adam Jonas on Tesla and robots. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market moving insight and analysis.
0:02.1	Join Jim Kramer, David Faber and me, Carl Kainteneah, on the opening bell hour of
0:06.5	CNBC Squawk on the Street.
0:08.0	Good Monday morning, welcome to Squawk on the Street.
0:10.8	I'm Carl Cantonia with Jim Kramer back from Out West.
0:13.1	David Faber here at post-9 of the New York Stock Exchange.
0:15.6	Got some risk on today as HACA just suggests, the government shutdown might end this week.
0:21.7	Earnings definitely pick up big industrials on debt.
0:24.2	Ten years still just below 4% as we'll get CPI on Friday.
0:27.8	Our roadmap begins with Apple, boosting the Dow, following some strong iPhone 17 numbers in
0:32.8	the U.S. and China.
0:34.3	The best smartphone growth since the pandemic.
0:37.1	Plus, we're keeping it on the rare earth stocks.
0:39.7	They continue to rally as the U.S. continues to pursue production of the critical minerals outside of China.
0:45.8	And we're also monitoring Amazon.
0:47.5	This follows a global AWS outage.
0:50.5	Global outage.
0:51.4	Took down major websites all over the world. Hence, global.
0:58.8	Let's get to the markets after the best week for stocks since August, although today, Jim,
1:04.2	journal takes a look at what's leading for the month, and it's a lot of defensive stuff.
1:08.3	Well, look, they can say what they want. I mean, that's called a rotation. I can't believe that we could have this market that just, you know, we go through all these different stocks. Then we like burn out on the banks because of a couple of subpar banks. And, you know, people calling it tricolor. It's tricolor. It's tricolor. Trichlor. Tricholore. Yes. Like the salad, tricolor. It's a tricolor. It's a tricolor. It's like first and. Like the salad.
1:30.4	Tricholori. Yeah. Versa. Okay. So anyway, you get these situations. And then what comes full
	...

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