Fed Holds Rates Steady, QXO Buys Beacon Roofing, Cramer Continues West Coast Tour 3/20/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 20 March 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

David Faber and Jim Cramer looked at the market reaction a day after the Fed held rates steady as expected. At his post-meeting news conference, Chair Powell said the current outlook is that any price jumps from tariffs likely will be short-lived. The desk also discussed the deal of the morning with QXO signing a deal for Beacon Roofing Supply. After the opening bells, the anchors looked at some of the day’s biggest movers, including the big drop in Accenture shares following the company’s latest earnings results. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market moving insight and analysis.
0:02.1	Join Jim Kramer, David Faber and me, Carl Cantonia on the opening bell hour of CNBC Squawk on the Street.
0:08.5	Good Thursday morning.
0:09.9	Welcome to Squawk on the Street.
0:11.0	I'm David Faber right here at Post 9 of the New York Stock Exchange.
0:14.8	Jim Kramer, well, he continues that West Coast tour.
0:18.2	He's now in Vegas.
0:20.2	He's got a few more interviews that are lined up. Looking very dapper there as well in that nice. Well, you know, it's Home Depot. You got to look good. You got to look at your best. Yeah. There you go. All right. We're going to give you a look at futures right now, Jim, before we get talking. As Joe just said, we are looking for a lower open. You can see after a nice rally yesterday on Fed Day.
0:39.7	Our roadmap does begin with the Fed, tariffs and inflation. The president, by the way, late last
0:46.1	night, saying rates should be cut to ease the economy's tariff transition. Plus, Tesla shares,
0:52.1	they're still under pressure, now on track from what would be the longest weekly losing streak ever.
0:57.7	The company also recalling most cyber trucks, that's the most of the ones that are out there, at least, to fix an exterior panel concern.
1:05.7	And beacon roofing, yeah, it agrees to that 7.7 billion buyout from QXO.
1:12.7	We're going to have the chairman and CEO of QXO, Brad Jacobs.
1:16.6	He's going to join us, both of us, me and Jim, this hour.
1:20.5	All right, let's get to that dapper-looking Kramer.
1:23.3	Why are you in a Home Depot and why are you in Las Vegas?
1:27.8	We've got all the managers here. Remember, we're about to have what I regard a Home Depot and why are you in Las Vegas? We've got all the managers here.
1:29.7	Remember, we're about to have what I regard as Home Depot's Christmas season, which is the gardening season.
1:34.5	Those of us who are gardeners, my 37th this year, know that it all starts at Home Depot,
1:39.8	whether it be the flats or the seeds or all the great equipment.
1:42.3	So there's no place to start the season, even though in New York and New Jersey, it's little early, then coming to Home Depot. Nice. All right. Yeah. It's a good explanation. Yeah, why not? Thank you. All right. You love Home Depot, right? You love it. Sure. I actually have spent some time in Home Depot.
	...

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.