China’s Housing Hail Mary, Reddit/OpenAI Deal, Gaming Woes 5/17/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 17 May 2024
⏱️ 42 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Market Moving Insight and Analysis. |
| 0:02.0 | Join Jim Kramer, David Faber and me, Carl Kainteneah, on the opening bell hour of CNBC Squawk on the Street. Good Friday morning, welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer at Post-Nine to the New York Stock Exchange. David Faber is on assignment. One day after Dow 40K, Bulls look to close out a solid week with futures pretty steady. S&P aims at a fourth positive week in a row. |
| 0:23.0 | That's the longest streak since February. Bulls look to close out a solid week with futures pretty steady. S&P aims at a fourth positive week in a row. |
| 0:22.8 | That's the longest streak since February. |
| 0:24.8 | A roadmap begins with China's housing, Hail Mary, attempting to end its property crisis with an historic rescue package. |
| 0:31.4 | Reddit shares a surging, striking a content and advertising deal with OpenAI. |
| 0:36.4 | And as Dom just said, GameStop shares tumble as |
| 0:38.7 | Q1 sales preliminary at least fall, take two cuts its bookings forecast and what it calls |
| 0:43.7 | challenging times. Let's begin, though, with the markets a day after the Dow did hit 40K |
| 0:49.1 | for the first time ever on pace for its fifth straight week of gains on the Dow. Jim, what did you make |
| 0:54.0 | of all of the fuss |
| 0:55.0 | yesterday? Look, I actually thought that this was one of the broader attempts at a major |
| 1:00.6 | milestone. And what led it was just incredible. I mean, you're dealing with the level of broad |
| 1:07.1 | that I, what I thought was, let me just tell tell you the most important thing was rates had only |
| 1:11.7 | something to do with only the first with one stock out of 10 you could pin on rates and I think |
| 1:17.6 | that's very important I do believe that most these companies are just are run by CEOs that |
| 1:24.2 | don't get enough credit it's amazing to me that we simply are always willing to consign. |
| 1:29.5 | I think that's because of this nonsense risk on risk off, which was a tip. |
| 1:32.9 | That's just something that came up to confuse the viewers. |
| 1:35.7 | I'm not crazy about it. |
| 1:37.2 | I think that what's happened here is that when you get a guy like Solomon, |
| 1:40.9 | and he realizes, you know, Goldman's not being run right, and he makes a change. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

