meta_pixel
Tapesearch Logo
Log in
Squawk on the Street

History on Capitol Hill, FedEx & Amazon vs. FedEx

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 18 December 2019

⏱️ 44 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, David Faber & Jim Cramer discuss today’s historic impeachment vote on Capitol hill and what it means for the economy & your portfolio. Plus, FedEx delivering a big miss sending shares falling ahead of the final holiday shipping push. And the Nasdaq and S&P 500 hit new records – is it time to lock in gains for 2019?

Transcript

Click on a timestamp to play from that location

0:00.0

Market Moving Insight and Analysis joined Jim Kramer, David Faber, me, Carl Cantonea on the opening bell hour of CNBC Squawk on the street.

0:13.0

Take you to a live shot of Capitol Hill where the House of Representatives is about to gavel in and where we expect to vote later today on HR 755, the impeachment of the President of the

0:22.7

United States. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kinteneo,

0:26.7

with Jim Kramer, David Faber at the New York Stock Exchange. Markets, of course, have long looked

0:30.5

past impeachment, given the firewall in the Senate. We're coming off five days of gains,

0:34.8

and another one today would give stocks the longest win streak

0:37.5

since March and April. Jim, we're going to be faced whether we like it or not with the

0:43.0

blizzard of headlines all day long, an hour of debate on the rules and then six hours

0:47.7

of debate on the resolution and probably a vote we expect somewhere between 630 and 730.

0:53.3

Yeah, I mean, look, it's important that everybody remember that it's, I'm not saying it's a side show. There's going to be people who are going to be talking about. And I heard some of them today saying, listen, there could be a surprise in the Senate. There might be some defections. I don't see it that way. I look at, I only have history of, you know, not a lot of history of these things.

1:12.6

But I've got day by day of when Clinton was impeached in trial.

1:18.2

Anniversary of which is tomorrow.

1:20.0

Yes.

1:20.5

And you got that period from January 7, 1999, to February 12th, which was really the most turmoil.

1:29.5

And that's where you – at the height of when things were bad, the NASDAQ lost 0.18%.

1:37.7

S&P down 3.0, Dow, down 2.6.

1:43.5

And then after that, the market roared.

1:44.9

So if you want to know when to buy, you might want to buy into the teeth of tomorrow,

1:50.1

maybe the next day, because it's just a great opportunity.

1:55.0

I mean, it doesn't feel as though when it comes to the markets that there's been any real impact from this?

2:02.2

None, none, right?

2:03.6

Well, there wasn't last time either.

...

Please login to see the full transcript.

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.

Copyright © Tapesearch 2026.