"Ceasefire Rally" and Beyond, Meta-CoreWeave $21B AI Deal, McCormick CEO "First on CNBC" 4/9/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 9 April 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

arl Quintanilla, Jim Cramer and David Faber discussed market reaction to the latest developments regarding the U.S.-Iran two-week ceasefire, one day after stocks' huge rally and the plunge in crude oil prices. Shares of CoreWeave rose on its expanded AI infrastructure agreement with Meta — the deal valued at $21 billion. McCormick CEO Brendan Foley joined the anchors at Post 9 for his first TV interview since the company announced its deal to combine with Unilever's foods business. Also in focus: Amazon CEO Andy Jassy's letter to shareholders, OpenAI vs. Anthropic in the AI cybersecurity wars, Alphabet in the green and outperforming the rest of the Magnificent 7 this year, the stock that has soared more than 170% in less than a month. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.
0:08.5	Good Thursday morning. Welcome to Squawk on the street. I'm Carl Kintania with Jim Kramer, David Faber, at Post 9 to the New York Stock Exchange.
0:14.1	Oil back within a buck or so of 100, as the vice president says there's a legitimate misunderstanding about the ceasefire with Iran, and as traffic
0:22.4	through those strait of Hormuz, is at a virtual standstill. Equity futures giving back just a
0:27.6	touch of Wednesday's rally. Macro data today somewhat weak, but the 10 years still close to
0:33.0	4'3. Our roadmap begins with stocks pulling back after yesterday's historic rally.
0:45.9	The president says U.S. military personnel will remain in and around Iran until Tehran complies with the, quote, real agreement reached.
0:48.8	Plus, core, we have shares are getting a boost this morning.
0:54.6	Meta commits an additional $21 billion for AI infrastructure and an agreement with that company.
1:00.8	It adds to a prior arrangement calling for $14 billion worth of compute power, essentially.
1:04.2	And the CEO McCormick is going to join us right here at Post 9.
1:09.4	It will be his first on-air interview since the company announced its plans to combine with the food business of Unilever
1:12.4	in a very large reverse Mars trust transaction involving stock and cash and a lot of questions.
1:19.0	Yeah, a lot of questions.
1:20.2	Let's begin with the markets after yesterday's big rally in that oil price plunge.
1:23.9	As the street digests the latest developments regarding the ceasefire, Jim. It's being
1:28.4	described as wobbly, a lot of contradictions, a lot of confusion. We got to keep talking about the fact
1:33.4	that whether we hit the bottom two weeks ago Monday, and I think that when you see oil trading
1:40.5	back up, oil's been right the whole way. When oil trades back up, don't buy stops.
1:46.5	And I think that I'm not a military strategist, a political guy, but I think people are asking,
1:52.6	okay, what did we win? I know the president saying it's a big win, but people are very
1:56.9	confused because if the straight is not open, so to speak, but we're not allowed to,
	...

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