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Squawk on the Street

China Trade Stock Volatility, NBA “Pandering to China” & Hormel’s Pumpkin Spice Spam

Squawk on the Street

CNBC

News, Investing, Business

4.1567 Ratings

🗓️ 10 October 2019

⏱️ 46 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, David Faber & Jim Cramer discuss the China trade stock volatility as President prepares to meet China’s Vice Premier. Plus the White House wades into the NBA’s China controversy. And Hormel Foods CEO on global expansion, plant-based foods & Pumpkin Spice Spam.

Transcript

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0:00.0

Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Cantonea, on the opening bell hour of CNBC Squawk on the Street.

0:10.0

We take you to Washington, D.C. just a few moments ago, the Treasury Secretary and the Chinese delegation arriving at USTR, if this video rolls, as we have just endured a wild overnight session in futures, as we got a bunch of conflicting headlines about U.S.-China trade.

0:26.7

What we do know is that the delegation arrives today at U.S.T.R for U.S.-China trade talks, and, of course, we have complete coverage this morning.

0:35.0

Keep an eye on Europe as well. Ten years back above one-six this morning

0:38.0

as September CPI runs cool up one-seven year-on-year. Good Thursday morning. Welcome to Squawk in

0:43.6

the street. I'm Carl Keentenia with Jim Kramer, David Faber at the New York Stock Exchange. Jim,

0:48.4

we know what we went through last night some of these tape bombs about travel schedules

0:52.6

and currency plans, the Times with

0:55.1

the piece about limiting access to American capital now.

0:58.3

We have become hostage to events that are not only totally out of our hands, but I think

1:03.6

totally out of the president's hands in the sense that there are different things that come

1:07.5

out. We had this mini-bair market at one point the futures were down equivalent of the espb down one point two percent

1:12.3

and then we came out with a statement says that maybe we'll do a little business with

1:15.3

Huawei

1:16.2

we didn't come out with statement the new york times actually reported citing sources

1:19.9

that there might be non you know not essential equipment okay but you understand

1:23.7

what i mean is it meaning that there's a story floated let me be even more accurate. And that made it so that the bare market of last night ended. No stocks for even trading. I mean, it's kind of amazing. When people started the futures in 1984, did they ever envision a world where there doesn't even have to be stocks rate? This is outright gambling. If there's no stocks trade, it's just gamma. Right.

1:44.4

And I just feel like that the momentum behind these talks is new.

1:47.8

I can't believe they're even having talks after what's going through this week.

1:52.3

Never know.

1:54.2

I mean, you can't listen.

1:56.0

Lightheiser, you know, the contradictory nature of this sometimes that we see from the administration,

...

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