Markets Extend Rally, Boeing CEO Exclusive, Musk’s DOGE Comments Overshadow Tesla's Miss 04/23/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 23 April 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber covered all of the bases as the markets surged for a second straight day, including the Dow aiming for another 1,000-point session. Catalysts ranging from President Trump saying he has "no intention" of firing Fed Chair Powell to the latest White House developments on China tariffs. Boeing CEO Kelly Ortberg joined the program to discuss the jet maker's quarterly results that gave a big lift to the stock. Tesla shares also in rally mode despite a big Q1 miss: Elon Musk said he plans to spend less time on DOGE. Also in focus: The AI trade and data centers, AT&T's customer gains and higher profits. 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.
0:10.9	Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer,
0:14.3	David Weber, at post nine of the New York Stock Exchange. Stocks continue to soar as the president on
0:19.6	Tuesday says he won't try to fire the Fed
0:21.5	chief and sees de-escalation with China, saying we're going to be very nice and they're going to be
0:26.3	very nice. Gold plunges more than 100 bucks, 10-year below 4-3. Our roadmap begins with the
0:31.7	street's reaction as the president appears to soften that stance on Powell and China. Plus, Tesla has a big
0:37.2	earnings miss and a slew of price target cuts, but the stock's
0:40.8	rallying ahead of the open this after CEO Elon Musk said his time at Doge is going to drop
0:45.9	significantly beginning next month.
0:48.9	And Boeing shares, you just saw them as well on Squawk Box.
0:51.7	They're on the rise, Better than expected Q1 results.
0:54.4	CEO Kelly Orkberg is going to join us in just a few minutes.
0:58.0	Let's begin with the markets poised to extend their rebound rally among the catalysts, of course,
1:02.3	the comments by the president yesterday about the Fed share. Take a listen.
1:07.9	I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest
1:17.5	rates.
1:18.5	This is a perfect time to lower interest rates.
1:21.1	If he doesn't, is at the end?
1:22.7	No, it's not.
1:24.2	But it would be good timing.
1:25.2	It would be, it would, she could have taken place earlier.
	...

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