Inflation and Jobs Watch, Oracle After the Huge Rally, Remembering 9/11 9/11/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 11 September 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

On a record-setting day for the S&P 500, Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to key economic data: August CPI rose year-on-year while weekly jobless claims jumped to levels not seen in four years. AI in the spotlight one day after shares of Oracle soared 36%, adding $224 billion to its market cap and making founder Larry Ellison $100 billion wealthier. On a somber day for the United States, the anchors remembered the September 11 attacks which occurred 24 years ago. Also in focus: Day two for Klarna after its shares rose 15% in its public debut, a downgrade for Apple, one CEO's take on a "terrible consumer experience," Jim previews his visit to Corning's Kentucky plant that makes glass for Apple devices, the manhunt for the shooter who killed political activist Charlie Kirk. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer and David Faber post-9 of the New York Stock Exchange. It's a somber morning on this 24th anniversary of the September 11th attacks. The New York Stock Exchange will have a moment of silence in a few minutes,
0:22.2	as the nation remembers. Markets meantime are reacting to the hottest pace of consumer inflation
0:27.8	on an annual and a monthly basis since January, and the highest rate of jobless claim since late 21.
0:34.2	Ten-year yield briefly falls below 4% for the first time since April.
0:38.3	Let's begin with some rocker reaction to CPI, Jim. Food at home, biggest increase in a few years.
0:44.0	There are some things that shelter went the wrong way. Energy's really kind of saving us.
0:49.1	It is intriguing to see you. I mean, you put the mosaic together. It's not that hot, but these are intractable things that a lot of people feel. You know, David, when you have these numbers, when it's shelter, although Manhattan, by the way, Manhattan, do you see that? The numbers were down a little? Not in this, but when you have these numbers, it reminds me, yeah, when you, not the jobless claims, but you have these, it reminds me, well, this is the
1:13.6	high inflation number everyone's scared of, but the PPI was good, so maybe in the channel, you're going to have some good things.
1:19.6	Right. We've got to put this in the context of yesterday's number, which was well below, or certainly below at least expectations.
1:28.3	What about this unemployment weekly claims number?
1:31.3	Because it is the highest, I believe, Carl, am I wrong, since 21?
1:34.3	Is that right?
1:35.3	October 21.
1:36.3	It's a pretty big number.
1:38.3	And an increase of 27,000 in a week, and certainly something that is watched.
1:43.3	And if you don't believe in the numbers being reported by the BLS or the survey,
1:48.4	this is what you might default to because this is a, you can prove this.
1:53.6	Right.
1:53.8	But I will tell you, congratulations, 30th year school.
1:58.2	I talked to a lot of CEOs last night.
2:00.7	This was it. This was the first time I heard.
2:03.1	We don't need all of people anymore. We are really starting to figure out how to use this AI,
	...

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