Fed Decision Day, GE Vernova and Southwest CEOs "First on CNBC" 12/10/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 10 December 2025

⏱️ 43 minutes

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Summary

Carl Quintanilla and Jim Cramer set the stage for the Fed as it wraps up its final meeting of 2025: What's next for investors after Wednesday's interest rate decision and what is likely to be an eventful 2026 for the Fed. A CEO doubleheader at Post 9: GE Vernova CEO Scott Strazik joined the show to discuss energy, AI and guidance that sent the stock soaring — it's now up more than 380% since the company was spun off last year by General Electric. Southwest Airlines CEO Bob Jordan offered his take on holiday travel and the future for the carrier. Also in focus: President Trump's comments on affordability, Oracle earnings preview, what the CEOs of Marvell Technology and CVS Health told CNBC. 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 CNBC Squawk on the Street. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kinteneo with Jim Kramer at post nine of the New York Stock Exchange, Faber as the morning off. It is an important day. Fed decision at 2 p.m. Eastern yields are up around the world. Australia, UK, Spain. Our own 10-year 4-21 is about a
0:23.8	three-month closing high, and the three-month 10-year spread highest in more than three years.
0:29.9	Our roadmap begins with the Fed. A rate cuts expected, but investors focused on what Powell will say
0:34.2	about inflation. Big test for the AI trade with Oracle reporting tonight.
0:38.7	And then there's GEVernova, up 10% pre-market on the back of strong guidance.
0:43.1	CEO Scott Stracic is going to join us first on CNBC here at Post 9.
0:47.9	Let's begin, though, with the Fed on this decision day, Jim. We're going to get a lot of information
0:52.0	in a few hours, although some speculate it might be the last cut for a while. Yeah, I think maybe the last cut just because there could be some recognition that, one, they don't have all the data that they'd like to be able to do more or say more. But two, when you're lame duck, maybe just do nothing. And it's pretty clear that Palsall's a lame duck.
1:11.2	I wouldn't necessarily expect a lame duck to take any action.
1:14.2	Well, he's not leaving until, what, May, right?
1:17.1	They won't have a new chair in the spring.
1:19.4	True, but you kind of have this shadow over him that makes it so it's very, the president
1:25.1	we know can't fire him.
1:26.7	But I just think that you could get
1:28.5	the situation where unless the numbers are really weak, he just does nothing.
1:34.1	If the numbers get weak and he has to take action, yes, but I don't think he's, I'm not
1:38.3	saying he's checked out by anything.
1:40.5	He's not a checked out man.
1:41.7	I am saying that unless we get definitive weaker numbers,
1:45.0	I can't imagine him taking the action to the president once. This one, if the numbers are weak,
1:50.5	and then the next one if the numbers are weaker. Right. Well, people are talking about the
	...

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