Market Records and What's Inexpensive, Alaska Air's Big Boeing Jet Order, WBD Rejects Paramount Again 1/7/26

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 7 January 2026

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber drilled down on new record highs for the Dow and the S&P 500. Cramer outlined the stocks he believes are inexpensive in this market. Breaking News: Alaska Airlines buys 110 Boeing jets in what is the carrier's biggest aircraft order in its history. Warner Bros. Discovery rejects Paramount Skydance's amended takeover offer and urges shareholder to support Warner's deal with Netflix. Sources close to the White House tell CNBC that oil sales from Venezuela by the U.S. will continue indefinitely — and that U.S. sanctions against the South American nation will be reduced. Tech domination: Sandisk shares on fire, this month's top ten Nasdaq 100 stocks are all in the chip sector. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street.
0:08.0	Good Wednesday morning, welcome to Squawk on the street. I'm Carl Kintana with Jim Kramer, David Fabry, post nine of the New York Stock Exchange.
0:14.0	Coming off the S&P's first record high of the year, there is plenty to monitor today between geopolitics, Venezuela, Greenland, oil, and the employment picture starting to fill in ADP, mostly in line at 41K, ahead of the job's number on Friday.
0:28.4	We do have the tenure down to 412.
0:30.4	Our roadmap begins with this recent rally, S&P and Dow at record highs.
0:34.3	Dow getting closer to that 50K mark.
0:36.7	President Trump is saying Venezuela will give up to
0:40.5	50 million barrels of oil to the U.S. And we have new reporting that oil sales from Venezuela will
0:46.2	continue indefinitely and U.S. sanctions will be reduced. And Warner Brothers Discovery once again
0:52.7	rejecting Paramount's latest offer to buy the company,
0:56.5	continuing to prefer the merger agreement and it has in place with Netflix.
1:02.1	Let's begin with some breaking news this morning.
1:04.0	For that, we're going to get to Phil LeBow in Seattle.
1:05.8	Morning, Phil.
1:08.1	Take a look at shares of Alaska Airlines.
1:10.5	Why are we showing you Alaska? Alaska placing a huge, and I mean huge order with Boeing, for 120 new airplanes. The order breaks down like this. 105-737 max-10s. That's the stretch version of the 737 max that is expected to be certified this year.
1:30.0	First deliveries likely in 2027. They're also ordering five Boeing 787 Dreamliners as they
1:36.9	continue to expand their international route network. When you look at Alaska's order,
1:42.4	now airlines never pay list price for a new aircraft, but if you look at the list prices for these 110 aircraft plus another 35 options, comes out to approximately $17 billion.
1:55.0	Not a bad order if you are Kelly Orpberg, CEO of Boeing. By the way, Boeing ended 25 with more orders than
2:03.7	Airbus. That is the expectation when the final numbers are announced within the next couple of
2:08.2	days. That would be the first time in several years that Boeing outpaced Airbus in terms of
	...

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