Apple Slumps, Meta Soars, Amazon Surges, Jobs Blowout, Chevron CEO "First on CNBC" 2/2/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 2 February 2024
⏱️ 49 minutes
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| 0:00.0 | It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. Don't miss a minute of the action. Good Friday morning. Welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Stock's weathering some cross-currents here as the jobs number has its hottest print in a year, 353K, upward revisions, even as wages rise above estimates. |
| 0:22.4 | Ten year is a little suspicious, just flirting with four. |
| 0:25.5 | Our roadmap begins with all of these super six-pack earnings now in. |
| 0:28.7 | We're going to break down results from Apple, Meta, and Amazon. |
| 0:31.6 | Plus, we got that latest job support, and it did show the U.S. economy added 353,000 jobs in January. |
| 0:38.8 | That was far higher than expected. |
| 0:41.5 | Later this hour, we're going to talk with Chevron's CEO, Mike Worth. |
| 0:43.9 | That'll be a first on CNBC interview. |
| 0:46.0 | Of course, the company reported earnings along with the other U.S. giant Exxon. |
| 0:50.9 | Let's get first to the big tech earnings, starting with Apple, moving lower now, despite |
| 0:55.5 | this quarterly beat, ending four straight quarters of revenue declines year on year. |
| 0:59.9 | China did miss. |
| 1:00.9 | That overshadows some growth in services in the iPhone. |
| 1:03.9 | And then Jim has been busy on this Vision Pro rollout today. |
| 1:06.5 | Well, I wanted very much to my little chance of the window I have with Tim Cook this morning when they unveiled the Vision Pro to talk to him what really matter. |
| 1:17.1 | And I said, look, all of this is really terrific. |
| 1:18.7 | But how about that first hour in China and April 1, what's that going to do? |
| 1:23.2 | I mean, like the juxtapist, David, you have to understand. |
| 1:27.5 | You're a cynical, older guy. I, on the other hand, welcome the wonderment. Naive and hopefulness. And so when I see something that's as excited as this, I don't say, oh, that's an asterisk, I'm going to sell 160,000. I say maybe my life is different, which I shared to Tim. I said, you know, what, Tim? |
| 1:45.5 | Because, of course, it's Tim. |
| 1:46.0 | Of course. |
| 1:48.4 | You know, in the same way that it's, I don't know, sure, right? |
... |
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