February Set-up for Stocks, AI Trade Questions & A Disney Deep Dive 2/2/26

Squawk on the Street

CNBC

News, Investing, Business

4.1 • 567 Ratings

🗓️ 2 February 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber kicked off the show with a look at tech's biggest stories of the morning: from a new equity raise out of Oracle to Nvidia reportedly getting cold feet around their OpenAI commitments... The anchors also hit some of the morning's biggest movers - from Gold to Bitcoin to Disney, as shares of the latter name fall despite solid results. Plus: are health insurers worth taking a look at here? Hear Jim's take on Humana, as Morgan Stanley downgrades the name this morning... and David Faber's latest reporting on news out of Warner Bros. Discovery. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market moving insight and analysis.
0:02.1	Join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of
0:06.5	CNBC Squawk on the Street.
0:09.0	Good Monday morning.
0:10.1	Welcome to Squawk on the street.
0:11.1	I'm Carl Kintania with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.
0:14.7	We kick off the month of February with futures mixed, big earnings on deck, partial government
0:19.8	shutdown, more volatile trading and oil, precious
0:23.0	metals and Bitcoin, which does bounce off a 75K.
0:25.8	Our roadmap begins with the setup for stocks as we kick off this new trading for the new
0:29.9	month.
0:30.9	Plus comments from Jensen Wong raising some doubts about Nvidia's massive investment commitment
0:36.4	to Open AI. Meanwhile, we've got Oracle shares up
0:40.6	as the company announces a $50 billion fundraising plan. And Disney's out with earnings. It beat
0:47.3	estimates. Company also reportedly getting close to picking its next CEO.
0:52.9	Main time techs under some pressure as another month of trading kicks off.
0:56.0	Jim, for the year to date so far, energy's up 14 and tech's down too.
1:01.0	Yeah, it's funny because you go in, you look at the S&B futures and the S.P.
1:05.0	Futures down big.
1:06.0	But then the Dow's up, because the Dow is not related in any particular way to the MAG 7.
1:13.0	It actually has a lot of others.
1:14.2	Now, David is going to say it's out ofistic.
	...

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