Earnings Parade: Market Reaction to Mag 7 Results, Caterpillar and Lilly Surge 4/30/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 30 April 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

On the last trading day of the month, Carl Quintanilla, Jim Cramer and David Faber led off the show with market reaction to quarterly results from four of the "Magnificent 7": Alphabet, Amazon, Meta and Microsoft. The anchors explored which of those tech giants are best positioned in the AI race. Hear what top executives from the four companies said on their respective earnings calls about capex strategy. Also in focus: Shares of Caterpillar and Eli Lilly jump on earnings beats, Nvidia and the AI trade, President Trump lauds the Intel rally as the stock more than doubles in April, Elon Musk back on the stand at the OpenAI trial, PCE — the Fed's preferred inflation gauge — posts its biggest gain in almost three years in wake of the Iran war. 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 Thursday morning. Welcome to Squawk on the street. I'm Carl Kintania with Jim Kramer, David Fabry, Post 9 of the New York Stock Exchange. Future surge on several blowout earnings from Alphabet, Caterpillar, Lily, as the S&P closes out the month of April,
0:21.7	best month since November 2020.
0:24.1	QN GDP meantime, up 2% thanks to this AI Cappex boom.
0:28.4	Oil has been all over the map, a $13 swing for Brent overnight, as reports suggest the
0:33.8	president may be briefed on plans to potentially resume some military strikes on
0:38.3	Iran. A roadmap begins with that deluge of big tech earnings in the AI boom, alphabet, Amazon,
0:43.6	Met of Microsoft, all showing no signs that KAPX spending will slow anytime soon.
0:48.2	Plus, there is a slew of other earnings crossing the tape. We're going to get to them as well
0:52.1	this morning. They include Caterpillar, Eli Lilly, Merck, Qualcomm, to name just a few. And we're keeping a close eye on oil prices.
1:00.1	They hit a new wartime high. The national gas price average, by the way, also hit $4.30.
1:06.2	The standoff in Iran shows no sign of slowing down.
1:11.3	Let's begin with the market's on track for a higher open, as you can see,
1:14.2	after the release of those Mag 7 earnings late yesterday.
1:17.1	Jim, you kind of ranked them last night in order of preference.
1:19.6	Oh, my God.
1:20.0	First of all, can I just say they were, two of them were unbelievable,
1:23.3	and maybe two of the best reports I've ever seen.
1:25.9	People are going to say Cap was great today.
1:34.1	But the Google call, all right, Alphabet, was an extraordinary call.
1:37.5	And I think with this docket 370, it's going to go right to 400.
1:39.3	It's headed to 400.
1:40.5	It's galloping.
	...

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