Mag 7 Earnings Countdown, Fed Decision and Warsh Vote, Starbucks and Robinhood CEOs 4/29/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 29 April 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber covered a lot for the markets to digest: Earnings from Magnificent 7 components Alphabet, Amazon, Meta and Microsoft due out after the close, the Fed decision on rates and what could be the last FOMC meeting with Jerome Powell as head of the Fed, the Senate Banking Committee vote on advancing Kevin Warsh's nomination to become the next Fed Chair. A CEO doubleheader: Starbucks' Brian Niccol and Robinhood's Vlad Tenev joined the program to discuss the companies' respective quarterly results — the stocks moving in opposite directions. Also in focus: Chips surge, the public debut for Bill Ackman's Pershing Square, Visa and T-Mobile earnings, gasoline prices hit a new wartime high. Squawk on the Street Disclaimer

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.
0:11.0	Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Jim Kramer, David
0:14.6	Faber, Post 9 of the New York Stock Exchange. Future is fairly steady, as markets will be asked
0:19.3	to handle a lot today.
0:25.3	A Fed decision, a Senate vote on Kevin Warsh, mega-cap tech earnings tonight,
0:29.8	and raise guidance from a bunch of companies, Sevisa, Starbucks, Seagate, and others.
0:35.4	Oils at a one-month high, as reports suggest the White House is prepping for an extended blockade,
0:39.4	retail gasoline, also a new wartime high. Roadmap begins the tech trade though for the mag seven's report after the bell chip stocks look to recover
0:43.9	from yesterday's losses plus the federal reserve expected to keep rates steady today it could be
0:49.5	chair powell's last meeting at the helm and you're looking at one of two major CEOs will be joining us this hour to break down the results from their companies.
0:57.4	That does include Starbucks CEO Brian Nicol, pictured there, and we'll also have Robin Hood's chief, Vlad Tenna, join us a bit later in the hour.
1:06.2	Let's begin with a busy day for the markets as we're going to test our bandwidth today, Jim.
1:09.9	But the big story is obviously going to be Amazon alphabet meta tonight.
1:14.0	Right. And we do get some clues. We have some clues last night. The Seagate blowout is directly
1:19.3	related to the need to have more memory, more space. That is just great news. The conference call
1:26.2	was fantastic. We've had a couple of things that have
1:29.8	been just terrific that people aren't talking about. I like the fact that yesterday, Corny
1:35.5	reported a great number. That's fantastic for what you see in the data center because that's a
1:39.6	fiber play. This bloom energy, which is the star of last night, is all about how you can make energy
1:46.4	without having David any fossil fuels. And Oracle switched to them from traditional fossil fuels.
1:51.5	So we're getting some signs that some of the things that we had that are prelude to the big
1:56.9	four are positive. And of course, as carl said coming off a day yesterday that
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