Live from CNBC’s CEO Council Summit, Apple & Broadcom Chip Deal, EY CEO Carmine Di Sibio 5/23/23

Squawk on the Street

CNBC

Business, News, Investing

4.1 • 567 Ratings

🗓️ 23 May 2023

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla, David Faber and Jim Cramer were live from CNBC’s inaugural CEO Council Summit in California where they spoke with leaders across business, finance, culture, sports and academia. During the hour, EY CEO Carmine Di Sibio joined the anchors on set to discuss companies’ AI strategy and why believes the job market is tougher now than it was six months ago. Later in the hour, CNBC’s tech correspondent Steve Kovach popped on for a market flash on Apple and Broadcom, announcing a multibillion-dollar deal for U.S.-made chips. After the bells, the anchors turned to another busy day of retail earnings with Lowe’s, Dick’s Sporting Goods and BJ’s all out with results. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	It's Jim Kramer here. You're listening to the opening bell of CNBC's squawk on the street. Don't miss a minute of the action.
0:07.7	Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanah with Jim Kramer and David's favor.
0:12.2	We are live at CNBC's inaugural CEO Council Summit in Santa Barbara, California. Take a look at futures here as the market juggles a bunch of pieces of news today.
0:22.6	These debt ceiling talks, a little more optimism, not a lot of news. Global PMIs rolling in.
0:27.3	Yields definitely elevated that Longbond back to four for the first time since March.
0:31.8	Our roadmap begins with D.C.'s race for that debt deal. Speaker McCarthy says talks were,
0:36.4	quote, productive as Wall Street
0:38.3	watches for any signs of negotiation progress. Plus inflation headwinds, Loz joining Home Depot,
0:44.0	warning about waning demand for home improvement goods, has consumers cut back on discretionary
0:48.8	spending. And AI's labor and economic impact, CEO of EY is going to join us later this hour to discuss.
0:56.8	As we mentioned, we're live from CNBC's first CEO Council Summit in California,
1:01.5	where we're going to bring you exclusive interviews and insight from some of the country's biggest executives.
1:06.2	They're going to tackle the debate over the nation's finances.
1:08.9	AI, the revolution there, of course, the dangerous
1:11.1	escalation in U.S.-China tensions.
1:13.6	Got a nice little set here.
1:15.0	We'll be moving around.
1:16.0	A gorgeous view of the ocean.
1:17.5	Look, I'll just tell you, I don't want to be a buzzkill, but everybody keeps saying we're
1:22.5	waiting for when the consumer is going to get weaker.
1:26.5	Other than when it comes to airplane traffic, the consumer's weaker everywhere.
1:31.4	Everywhere.
	...

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.