Investors Weighing Geopolitical Risks, Reorganizing the Reporting Structure & Musk's Moves

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 7 January 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber discuss the geopolitical risks threatening stocks record run. Tesla opens at an all-time record high as the company announces a program to build the model "Y" SUV at its Shanghai gigafactory. Elon Musk showed his excitement by dancing and stripping off his jacket to reveal a t-shirt with a cartoon of the factory. Goldman Sachs is reorganizing its businesses now calling its four main segments global markets, investment banking, asset management and consumer & wealth management. The changes come just before the bank reports Q4 results next week and its first-ever investor day later this month.

Transcript

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0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:08.1	Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanay with Jim Kramer and David Faber at the New York Stock Exchange.
0:13.7	Coming off that late day comeback in Monday's session, futures have lost some ground this morning as the market weighs the impact of the U.S.-Iran conflict.
0:21.2	Got a host of upgrades and more gains for semis. Europe is up. Oil takes a breather, but gold
0:25.5	still near some six-year highs. Our roadmap begins with the resilient market. Stocks open lower,
0:30.0	but within striking distance of new all-time highs as investors look to shake off Middle East
0:34.2	worries. Plus the geopolitical risk for oil. Chevron is pulling U.S. oil workers from Iraq.
0:40.1	Its CEO, Michael Worth, is going to join us exclusively this hour.
0:43.5	And Tesla on a tear.
0:44.8	Share is set to hit a new record at the open as electric carmaker delivers its first
0:49.3	China-made Model 3 to customers.
0:52.9	24 hours ago looked like the sell-off might continue on Monday in reaction to those
0:56.9	Middle East tensions, but stocks did erase earlier losses to finish yesterday in the
1:00.8	green.
1:01.4	Major indices saw their third positive session in four, Jim.
1:05.3	We watch gold here, but are we betting that this is going to be short in duration and
1:09.7	limited in scope?
1:10.6	You used to word resilient.
1:12.5	I keep thinking about that word over and over and over again.
1:15.7	And that's the word that defines this market because yesterday when we were down very bit, ugly, down 200 Dowell points.
1:22.7	I know the Dow's out of this.
1:23.8	When we were down that much, it did look like the beginning of something big.
	...

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