Cramer’s Week Out West, Growth Fears, Retail Sales Slump 3/17/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 17 March 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Faber and Jim Cramer began the show by looking at the busy week ahead for Cramer out on the west coast for Nvidia’s big GTC event. The desk then turned to the market volatility, with the S&P and Nasdaq both posting their 4th straight week of losses. Over the weekend, Treasury Secretary Bessent spoke to NBC’s “Meet the Press” and called these market corrections “healthy.” The desk also hit this morning’s retail sales data, which increased 0.2% on the month, better than the downwardly revised decline of 1.2% the prior month but below the Dow Jones estimate for a 0.6% rise. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market moving insight and analysis join Jim Kramer, David Faber, me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street.
0:08.0	Good Monday morning, welcome to Squawk on the Street on David Faber right here at Post 9 of the New York Stock Exchange.
0:14.0	Jim Kramer, well, a bit earlier where he is. He's at one market in San Francisco.
0:18.0	Invidia, of course, set to kick off its GTC conference. That is just
0:22.1	hours from now. That's why Jim is out there. Carl has the morning off. Let's give you a quick look at
0:26.9	futures as we get ready, of course, to open half hour from now. We've reversed, of course. We
0:32.6	were down that retail sales number may have improved things or seems to have approved things.
0:39.5	Let's start with our roadmap this morning.
0:41.0	It does begin with the markets, of course, and growth fears that continue to weigh on Wall Street
0:45.7	while Treasury Secretary Bessent shrugs off recent stock market declines.
0:51.3	Plus, we are watching for retail warning signs now that latest data showed shoppers
0:55.9	are still spending despite slowdown concerns and inflation headwinds. And Invidia shares,
1:02.9	they're up on the pre-market this ahead of the company's annual developers conference and CEO
1:07.6	Jensen Wong's keynote tomorrow.
1:16.4	All right, let's get to Mr. Kramer, who basically doesn't sleep at all when he does these West Coast trips.
1:17.8	Got a big week ahead, Jim.
1:19.1	I'm sorry we're not together to say hello after, obviously, I was in Singapore last week.
1:23.4	What do you got ahead for us this week?
1:26.2	Well, first, happy St. Patrick's Day, glad that you remembered between Thai.
1:29.8	Very important.
1:30.9	Look, this is a celebration week.
1:32.8	It's NVIDIA week.
	...

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