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Squawk on the Street

Biggest Earnings Week, Sec. Bessent: "It's Up to China," Senate Dems vs. Musk 4/28/25

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 28 April 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

David Faber and Jim Cramer explored what investors should expect as we enter the busiest week of earnings season, including results from tech giants Apple, Amazon, Meta and Microsoft. The anchors also drilled down on the impact of tariffs: Treasury Secretary Scott Bessent told CNBC that "it's up to China to de-escalate" trade tensions. Also in focus: Senate Democrats slam Elon Musk, Jim and David discuss 20 years of "Mad Money" ahead of a CNBC special which airs Tuesday night. 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.

0:06.0

Good Monday morning. Welcome to Squawk on the Street. I'm David Faber right here at Post 9 of the New York Stock Exchange.

0:11.3

Jim Kramer, he's not next to me. He's at 30 Rock in Midtown. He's kicking off a big week in celebration of Mad Money's 20th anniversary.

0:20.2

And they said it could never happen. Look at that. Carl has the

0:23.3

morning off. Let's give you a look at futures, of course, as we get ready to begin trading for

0:27.4

another potentially tumultuous week. We'll see. As you can see, we are looking, kind of changed

0:33.9

a little bit in the last hour, even, looking for a slightly, perhaps higher open.

0:38.1

Our roadmap does begin with what is going to be the big week ahead for investors.

0:41.2

One third of the S&P is set to report, including four of the biggest companies out there.

0:48.1

Plus, Treasury Secretary Besson says it is up to China to de-escalate trade tensions.

0:54.5

And China's chipmaker, Huawei, also make phones, of course,

0:57.9

reportedly set to test a new AI chip,

1:01.5

and it is a potential challenge to Nvidia.

1:03.9

I'm sure that Jim and I will discuss that a bit.

1:06.8

But let's start with that busy week ahead for the markets,

1:09.3

especially, of course, on the earnings front.

1:12.6

Jim, later in the week, we do get Microsoft and Apple, meta, and Amazon.

1:18.7

Not to mention, by the way, a lot of other companies that also are perhaps even more reflective of the broader economy.

1:25.7

Yeah, we've got a caterpillar.

1:27.1

We've got a GM. we've got a lily.

1:28.3

But you know what, David, this MAG-7 hangover is really starting to get people down.

1:34.3

And I think that's a mistake.

...

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