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Squawk on the Street

CEOs' Letter on Minneapolis Turmoil, Nvidia and CoreWeave CEOs Exclusive, Winter Storm Impact 1/26/26

Squawk on the Street

CNBC

Business, News, Investing

4.1567 Ratings

🗓️ 26 January 2026

⏱️ 48 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, Jim Cramer and David Faber discussed the open letter from more than 60 CEOs of Minnesota-based companies including 3M, Target and UnitedHealth. It calls for state and federal officials to de-escalate tensions and work together in wake of the turmoil in Minneapolis — after federal immigration agents fatally shot a U.S. citizen for the second time this month. CoreWeave shares soared on news that Nvidia is investing $2 billion in the cloud computing firm -- as part of an extension of their AI partnership.  Nvidia CEO Jensen Huang and CoreWeave CEO Mike Intrator joined the program exclusively to talk about their companies' alliance and the AI landscape. Also in focus: Winter storm impact, four "Mag 7" companies lead this week's earnings parade, "Squawk on the Street" anchors ring the NYSE opening bell in celebration of the show's 20 years on CNBC. Squawk on the Street Disclaimer

Transcript

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0:00.0

Market moving insight and analysis join Jim Kramer, David Fabry, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Monday morning. Welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer, David Fabry at post-9 of the New York Stock Exchange. Future's a bit mixed coming off back-to-back weekly losses for the S&P. Earnings, the Fed, winter storm, and a likely government shutdown on Friday are all in the mix.

0:23.6

Dollars at a fresh four-month low.

0:25.6

Our roadmap begins with Minnesota's top CEOs, including UNH and Target, calling for immediate de-escalation

0:31.6

attentions after the fatal shooting of a second U.S. citizen.

0:35.6

Plus that massive winter storm wreaked havoc across much of the country.

0:39.4

Airlines canceling thousands of flights, many still left without power.

0:44.1

And we got a big week for Big Tech.

0:45.9

Four of the Mag 7 will report earnings this week.

0:49.4

Also some deal making as well between NVIDIA and Corweeb this morning.

0:53.8

Corweeb shares are up sharply, by the way. NVIDIA and Corweave this morning. Corweave shares are up sharply,

0:55.9

by the way. Invita's CEO, Jensen Wong, and Correwee's CEO, Mike Intrader. They will be joining us

1:01.5

exclusively to discuss their expanded partnership and this latest transaction.

1:08.1

Let's begin with the turmoil in Minneapolis. CEOs of more than 60 Minnesota-based

1:12.9

companies, including 3M, Target, UNH, have signed this open letter in the wake of the unrest there

1:18.6

this weekend after federal immigration agents fatally shot a U.S. citizen for the second time this

1:23.4

month. In the letter, submitted on the top executives executives behalf by the Minnesota Chamber of Commerce.

1:28.2

The CEOs are, quote, calling for an immediate de-escalation attentions and for state, local,

1:33.1

and federal officials to work together and find real solutions.

1:37.1

It's actually a pretty robust list of companies there, Jim, Best Buy, Hormel, on a morning where

1:42.7

the journal is arguing the editorial board there

1:45.7

that there should be a pause for ICE in Minnesota.

1:49.0

Right.

...

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