meta_pixel
Tapesearch Logo
Log in
Squawk on the Street

Doge Disagreement, Airline Layoffs, The Return of Jack Ma? 02/18/25

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 18 February 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

David Faber and Jim Cramer started the show with a look at the markets on this shortened trading week, with the S&P nearing another record high. The desk then brought in Megan Cassella, who joined the program live from the White House. She broke down the latest in D.C. including a top Social Security official resigning after clashing with Elon Musk’s DOGE over data access. Later in the hour, the desk discussed Chinese President Xi holding a rare meeting with top business leaders, which included Alibaba’s Jack Ma. Also in the mix: Southwest Airlines announced it will slash 15% of its corporate workforce. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

0:05.7

Good Tuesday morning. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We are live from Post 9 at the New York Stock Exchange. Carl has the morning off.

0:13.9

Let's give you a look at futures. It's a short and week. Remember, it is Tuesday. I don't feel like it. But look at that. We may have a higher open.

0:21.6

First time in three, what?

0:22.9

We had three down.

0:24.7

Well, I can't call it Monday.

0:25.8

This is actually synthetic Wednesday.

0:27.7

But you know what I mean?

0:28.4

Yeah, I do.

0:28.9

I know exactly what you mean.

0:30.0

But we look like we're going to have a higher open a half hour from now when we get started with trading.

0:33.6

Let's get to our roadmap. It does start with the return of a little bit surprising, right? Jack Ma.

0:39.3

Chinese President Xi holding a rare closed-door meeting with some of that country's top business leaders and did include, I want to call him my old friend, but certainly somebody I used to interview a bunch, founder of Alibaba.

0:52.4

Moving on from there, one top Social Security official steps down from her role,

0:56.3

this after refusing a request from Musk's Doge Group. And we are also monitoring what was another plane crash,

1:04.7

this time involving a Delta, jet overturning upon landing at Toronto's Pearson International Airport.

1:10.7

Thankfully, everybody survived.

1:13.9

All right, let's get to the market.

1:15.1

So again, what I said was a short in trading week.

1:17.9

First time you and I have been together in a little while.

1:20.5

We both took some needed R&R.

1:23.1

Yes.

...

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.