Earnings Parade: Meta and Microsoft Slide, Alphabet Surges, Starbucks and Eli Lilly CEO 10/30/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 30 October 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jim Cramer and David Faber explored what to make of earnings from three of the Magnificent 7 mega-caps: Meta shares tumbled and Microsoft's stock fell as AI spending increases overshadowed quarterly beats — while shares of Google parent Alphabet surged on better-than-expected results, fueled by strength in the cloud. Starbucks CEO Brian Niccol joined the program to discuss his company's results and turnaround plan. Eli Lilly CEO David Ricks spoke to Jim and David about his company's earnings and what's next for its Mounjaro weight loss drug. Also in focus: The meeting between Presidents Trump and Xi, Novo Nordisk-Pfizer bidding war, Chipotle plunges, Comcast's earnings message. Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant. 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.
0:05.8	Good Thursday morning. Welcome to Squawk on the Street. I'm David Faber. That is Jim Kramer. We are live from Post-Line at the New York Stock Exchange. Carl has the morning off. Let's give you a look at futures.
0:14.9	We get ready to begin trading. One half hour from now, we are looking for a lower open. Our roadmap does begin with the state of Mega Cap Tech.
0:25.6	Meta, Microsoft, Alphabet, all have earnings moving in different directions.
0:31.6	Meta is certainly the outlier, I guess, in the sense of.
0:34.6	It is moving down.
0:35.6	Long lives out for this man.
0:37.6	All right. More on that. You just heard it from Jim in a minute.
0:40.8	Oh, boy. Also, President Trump cuts tariffs on China.
0:44.2	He has an agreement, at least in principle, with Premier Xi on fentanyl and rare earths.
0:50.9	Talk about that. Investors as well weighing what that news coupled with Chair Powell's comments about rate cuts or the lack thereof at the next Fed meeting is going to mean for the market. So plenty to digest. It is, by the way, the busiest day of earning season. Starbucks CEO Brian Nicol will join us shortly. Lily CEO David Ricks also will be a guest in this
1:13.1	hour. Let's start though with some of the biggest companies the world has ever seen. I guess
1:19.3	meta, speaking of the world, three and a half billion people every day.
1:24.0	Nothing. Access something having to do with meta, whether it's Instagram, or WhatsApp, or wherever you want to go, Jim.
1:31.5	And yet you are, what, frustrated with the conference call and the earnings?
1:36.3	Talk to me.
1:36.9	I thought that the revenues were terrific.
1:38.8	The reaction to the conference call is that finally we're at that point where people are spending too much, and he's spending
1:44.5	too much. People did not like Mark Zuckerberg's assurance that you have to spend.
1:48.7	Wait, wait, let's just stop there.
1:50.4	Spending too much on the continued buildout for AI.
1:54.0	Yes.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.