meta_pixel
Tapesearch Logo
Log in
Squawk on the Street

Markets’ Election Countdown, Nvidia Heading to the Dow, Buffett's Berkshire Slices Apple Again 11/04/24

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 4 November 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, Jim Cramer and David Faber explored what's at stake for the markets with one day to go before Election Day -- and ahead of this week's Fed decision on interest rates. The future for Chinese stimulus also in the mix. The anchors discussed Nvidia and Sherwin-Williams being added to the Dow, replacing Intel and Dow, Inc. effective Friday. Hear what Cramer said about investing in Intel. Also in focus: Warren Buffett's Berkshire Hathaway boosts its cash hoard to $325 billion and unloads more of its stake in Apple, Tesla falls on China EV sales data, "Faber Report" on a federal regulator's rejection of a data center agreement involving Amazon -- plus the stocks taking a hit on that news. 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 CBC Squawk on the Street.

0:04.7

Don't miss a minute of the action.

0:13.3

Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kinteneer with Jim Kramer, David

0:17.1

Fabry at Post-9 of the New York Stock Exchange. Coming off a couple weeks lower on the SMP, heading into an historically eventful week with an election, a Fed meeting, plenty of travel and media earnings.

0:27.3

Yields are lower across the board, a 10-year 4-2-8.

0:31.0

Our roadmap begins with the big week ahead for investors as we go into the final hours of this 2024 presidential campaign and the potential for another Fed rate cut this week.

0:41.0

Plus, Jay, Gen AI momentum. Nvidia is set to replace Intel as one of the 30 blue chip stocks in the Dow this week.

0:48.0

And a setback for the future of the nuclear power data center, federal regulators limiting how much power Amazon can use. This would be from a

0:56.1

reactor in Pennsylvania, Susquehanna, nuclear stocks. I didn't even know we could say the words

1:01.6

nuclear stocks, but let's just say some power company related names are getting hit on this.

1:07.6

Let's begin, though, with the markets on this election eve. Plenty of stats rolling around this morning, Jim, about what happens to stocks in the

1:14.9

six months following an election.

1:17.7

I know.

1:19.0

Yeah, and I just think that it's odd that it doesn't matter who.

1:22.6

I also think that this Iowa news kind of flipped a lot of stocks and then flipped back, but Iowa news that it looked like, you know, a state that is a Republican state may switch.

1:34.3

Right. You're referring to a specific poll by a very well-known and well-respected pollster that showed in a dramatic fashion.

1:43.3

Harris was leading when, in fact, she had been

1:46.0

trailing significantly previously.

1:48.3

Yeah, I know a lot of people pointed that over the weekend.

1:50.5

Unclear, though, exactly whether it's right and what it would mean.

1:53.8

Well, look, the futures were up, and I thought that was because of Iowa, then the futures

1:57.2

are down.

...

Please login to see the full transcript.

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.

Copyright © Tapesearch 2026.