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Squawk on the Street

Markets and Tariffs: Stocks Rally, Tesla Surges, China Courts Top CEOs 3/24/25

Squawk on the Street

CNBC

Business, News, Investing

4.1567 Ratings

🗓️ 24 March 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

With the S&P 500 and Nasdaq snapping four-week losing streaks on Friday, David Faber and Jim Cramer explored Monday's market rally, sparked by reports President Trump will narrow tariffs set to be announced April 2. Tesla among the biggest gainers as the stock looks to avoid a ten-week losing streak. The anchors discussed AI-related developments on the heels of last week's Cramer interview with Nvidia CEO Jensen Huang. Also in focus: Chinese officials court Apple's Tim Cook and other CEOs at a development forum in Beijing, M&A deals, hedge fund pushes for a sale of Johnson & Johnson spin-off Kenvue. Squawk on the Street Disclaimer

Transcript

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0:00.0

Market Insight and Analysis.

0:01.8

You're listening to the opening bell of CNBC, Squawk on the Street. Good Monday morning. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We're together, and we are both live at Post 9th, the New York Stock Exchange. Carl has one more morning off. I think we'll see him tomorrow. Let's give you a look at futures as we get you ready for a new week of trading.

0:21.1

And of course, if you've been paying attention, we are looking for a significantly higher open,

0:27.6

perhaps on some changes in possible tariff policy as April 2nd gets closer.

0:33.4

Let's get to that. And our roadmap, of course, it does start with tariffs and this bounce that we're seeing broadly.

0:40.4

And, of course, in many of the tech names, showing some optimism ahead of the open.

0:44.6

Reports are that the president may hold back, at least on some tariffs next week.

0:51.3

Tesla is also amongst the biggest movers, of course, set for a rally after what was

0:55.4

that record ninth straight week of losses, something we've been covering closely. And China

1:01.9

is trying to woo American business. Beijing pledging greater market access. Yeah, as top global

1:07.5

CEOs gather, it's called the China Development Forum.

1:11.8

And got a lot of CEOs showing up there.

1:15.7

Jim.

1:16.4

Let's start, though, with the markets.

1:18.5

Welcome back after an amazing week.

1:20.9

Of course, it's not as though you were not.

1:22.4

Yeah, minor surgery, doing okay.

1:24.6

Thank you.

1:26.6

You had a hell of a week last week. You're back here now.

1:29.5

It was a week of intimidation. What do you mean by that? I'm a liberal arts person.

1:35.4

Yes, as was I. Right. So what? That is advantages. I mean, we've read Shakespeare,

1:41.7

done, studied the Bible,

...

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