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Squawk on the Street

More Pain for Tech, Tug-of-War over Musk's DOGE, Home Depot Beats 2/25/25

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 25 February 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, Jim Cramer and David Faber drilled down on more weakness in tech: The Nasdaq falling into negative territory for 2025. Hear why Jim believes Nvidia is a "difficult" stock ahead of the company's earnings due out after Wednesday's close of trading. Elon Musk and DOGE in the spotlight: Government agencies give conflicting guidance to federal employees about complying with Musk's demand for work accomplishment summaries. Also in focus: Home Depot's Q4 beat lifts housing-related stocks, Palantir extends its slide, Unilever ousts its CEO, Lilly's weight-loss drug price cut, Hims & Hers tumbles. Squawk on the Street Disclaimer

Transcript

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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.

0:13.7

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanilla with Jim Kramer, David Faber,

0:17.9

David Faber, post-9 of the New York Stock Exchange. Future is relatively steady as the market weighs earnings from Home Depot, and we inch our way

0:23.6

to invidia tomorrow.

0:25.3

Oil's barely hanging on to 70, and the 10-year yield near a two-month low now at 4-3.

0:31.4

Our roadmap begins with these China chip controls.

0:34.3

The Trump White House reportedly looking to expand the Biden-era semiconductor restrictions.

0:39.0

Plus, Doge pushback federal workers suing over Elon Musk's, what did you do last week, email?

0:45.8

And Home Depot delivers a beat. It snaps a streak of eight straight quarterly sales declines.

0:52.4

Let's begin with the markets after yesterday's late sell-off in tech gym, but we can talk consumer discretionary too.

0:59.0

Look, the late sell-off, and I was addressing this last night on mad money, I'm tired of it.

1:03.0

I'm tired because it just seems totally artificial.

1:05.0

I mean, someone comes in and blitzes the market in the last 20 minutes.

1:09.0

There's no reason to do that other than you want to take it down.

1:11.6

I don't know why.

1:12.8

I've seen this periodically in my career.

1:15.0

These are what I regard as being deliberate,

1:19.8

not manipulation, because that's too strong,

1:23.2

but a deliberate attempt to send the market down

1:25.2

because the market can't handle the level of selling.

1:27.9

Typically, by the way, buyback stop at 3.30. So if you really want to get a good price, you wouldn't just come there and jam it. This is someone who wants the market down, or several accounts who want the market down. You know, David, this is no sin to point it out. There are a lot of people in the – let's say someone wanted the market up. you know, they'd come in at the end of the quarter to take it up.

...

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